GBP/USD Forecast June 6, 2017, Technical Analysis

by FX Empire | June 6, 2017 5:56 am
The GBP/USD pair initially gapped lower at the open on Monday, but then went sideways for several hours. After that, the market broke higher, reaching above the 1.29 level above. That was a resistance barrier that has...

EUR/USD Forecast June 6, 2017, Technical Analysis

by FX Empire | June 6, 2017 5:55 am
The EUR/USD pair gapped lower at the open on Monday, turned around to test that level again, and then fell significantly. The 1.1230 level has offered support, so the question now is whether or not we can...

AUD/USD Forecast June 6, 2017, Technical Analysis

by FX Empire | June 6, 2017 5:54 am
The Australian dollar gapped lower at the open on Monday, but then fill that gap as one would expect. After that, we pulled back but then found an explosive moved to the upside as the market now...

EURJPY Symmetrical Triangle (Jun 06, 2017)

by Kate Curtis | June 6, 2017 4:17 am
EURJPY has formed lower highs and higher lows, creating a symmetrical triangle formation visible on its 4-hour time frame. Price just bounced off the resistance and is on its way to testing support at the 124.00 major...

EURCAD Rising Wedge (Jun 05, 2017)

by Kate Curtis | June 5, 2017 2:48 am
EURCAD has formed higher lows and higher highs, consolidating in a rising wedge formation on its 4-hour chart. Price seems to have bounced off the resistance at the 1.5250 minor psychological level and could be due for...

USD/JPY Forecast June 5, 2017, Technical Analysis

by FX Empire | June 3, 2017 4:13 am
The US dollar rallied at the open on Friday, but you can see fell apart against the Japanese yen as we went into the trading day. This was mainly due to the jobs number being a disappointment...

USD/CAD Forecast June 5, 2017, Technical Analysis

by FX Empire | June 3, 2017 4:12 am
The USD/CAD pair initially tried to rally on Friday, but turned right back around as the jobs number was so soft. We broke below the 1.35 handle, and that suggests that we are going to continue to...

GBP/USD Forecast June 5, 2017, Technical Analysis

by FX Empire | June 3, 2017 4:08 am
The GBP/USD pair initially fell during the day on Friday, and saw quite a bit of volatility after the jobs number came out in the United States less than anticipated. We now find the market hanging about...

EUR/USD Forecast June 5, 2017, Technical Analysis

by FX Empire | June 3, 2017 4:08 am
The EUR/USD pair exploded to the upside after a less than stellar jobs number coming out of the United States. The Friday session was very bullish, and it now looks as if we are going to continue...

AUD/USD Forecast June 5, 2017, Technical Analysis

by FX Empire | June 3, 2017 4:06 am
The AUD/USD pair exploded to the upside on Friday, and reaction to the weaker than anticipated jobs number coming out of the United States. By breaking through the 0.74 level, we now find this market trying to...