USD/JPY Forecast June 1, 2017, Technical Analysis

by FX Empire | June 1, 2017 6:06 am
The USD/JPY pair had a volatile session on Wednesday, as we initially tried to break towards the 111.25 level above. However, we found too much resistance there and rolled right over to break down and go towards...

USD/CAD Forecast June 1, 2017, Technical Analysis

by FX Empire | June 1, 2017 6:04 am
The USD/CAD pair initially fell slightly during the day on Wednesday, but then broke above the 1.35 handle. The market looks as if it is trying to break out again though, so if we can make a...

GBP/USD Forecast June 1, 2017, Technical Analysis

by FX Empire | June 1, 2017 6:02 am
The GBP/USD pair initially fell during the Wednesday session, but turned around to form a massive bullish move. The fact that we did that and broke above the 1.29 level is a very bullish sign. We have...

EUR/USD Forecast June 1, 2017, Technical Analysis

by FX Empire | June 1, 2017 6:01 am
The EUR/USD pair exploded to the upside during the session on Wednesday, breaking above the 1.12 level finally. Now that we are clear this area, it looks as if the pullbacks could offer value going forward. The...

AUD/USD Forecast June 1, 2017, Technical Analysis

by FX Empire | June 1, 2017 6:00 am
The Australian dollar initially tried to gain during the session on Wednesday, but found enough resistance at the 0.7475 level to turn things around and rollover towards the 0.7425 handle. That’s an area that has offered a...

NZDJPY Range Setup (Jun 01, 2017)

by Kate Curtis | June 1, 2017 2:17 am
NZDJPY has been moving sideways, bouncing off support around the 78.00 major psychological level and resistance at 78.85. Price just got rejected on its test of the resistance and could be setting its sights back on support....

OPEC Meeting and Impact on Crude Oil

by elliottwave-forecast.com | May 31, 2017 3:48 pm
OPEC ended its highly anticipated meeting on Vienna last Thursday to discuss about extending the production cut in Crude Oil. They have decided to extend the current agreement to cut production output by 1.8 million barrels per day by...

AUDNZD Possible Bounce Higher?

by elliottwave-forecast.com | May 31, 2017 10:42 am
AUDNZD since March 13/2017 has been moving lower. There are possible bullish patterns that can push the pair higher but traders need to see AUDNZD price action slow down and show possible signs that it wants to...

Are the World Indexes close to a Huge peak?

by elliottwave-forecast.com | May 31, 2017 10:20 am
Since the correction between the year 2000 and 2009, many traders around the world have developed an idea of bearish World Indexes with more downside to come. With Fed driving Market, everyone is under the idea that Global Indexes...

GBPJPY Elliott Wave: Downside Has Resumed

by elliottwave-forecast.com | May 31, 2017 9:30 am
Short Term GBPJPY Elliott Wave view suggests the decline from 5/10 peak is unfolding as a double three Elliott Wave structure where Minor wave W ended at 143.33 and Minor wave X ended at 145.45. The subdivision...