USD/JPY Forecast March 8, 2017, Technical Analysis

by FX Empire | March 8, 2017 6:56 am
USD/JPY daily chart, March 08, 2017 The US dollar rallied a bit against the Japanese yen during a quiet session on Tuesday, as we continue to grind higher. I believe that the 115 level needs to be...

USD/CAD Forecast March 8, 2017, Technical Analysis

by FX Empire | March 8, 2017 6:55 am
USD/CAD daily chart, March 08, 2017 USD/CAD fell initially during the day on Tuesday, but found enough support underneath to turn things around and form a hammer. It looks as if we are trying to break out...

GBP/USD Forecast March 8, 2017, Technical Analysis

by FX Empire | March 8, 2017 6:53 am
GBP/USD daily chart, March 08, 2017 The GBP/USD pair fell on Tuesday, clearing the support that we had seen previously. It now looks as if the British pound will continue to fall, but I think that the...

EUR/USD Forecast March 8, 2017, Technical Analysis

by FX Empire | March 8, 2017 6:52 am
EUR/USD daily chart, March 08, 2017 The EUR/USD pair rallied a bit during the day on Tuesday, but found enough resistance above the 1.06 level to turn things around and start to drift to the downside again....

AUD/USD Forecast March 8, 2017, Technical Analysis

by FX Empire | March 8, 2017 6:51 am
AUD/USD daily chart, March 08, 2017 The Australian dollar initially rallied after somewhat hawkish comments coming out of the RBA, but you can see that the market fell significantly. It looks as if the 50-day exponential moving...

AUDUSD Channel Retracement (Mar 07, 2017)

by Kate Curtis | March 7, 2017 8:28 am
AUDUSD recently broke below its ascending channel support around the .7650 minor psychological mark and dipped to .7550. Price seems to be showing signs of pulling back and applying the Fib tool on the latest swing high...

USD/JPY Forecast March 7, 2017, Technical Analysis

by FX Empire | March 7, 2017 7:07 am
USD/JPY daily chart, March 07, 2017 The USD/JPY pair gapped lower at the open on Monday, but it still sees plenty of support underneath. If we can break above the 115 handle, the market should then reach...

USD/CAD Forecast March 7, 2017, Technical Analysis

by FX Empire | March 7, 2017 7:05 am
USD/CAD daily chart, March 07, 2017 The USD/CAD pair initially rallied on Monday, but just as we saw on Friday, the sellers came in and pushed the market back below the 1.34 handle. By breaking down below...

GBP/USD Forecast March 7, 2017, Technical Analysis

by FX Empire | March 7, 2017 7:03 am
GBP/USD daily chart, March 07, 2017 The GBP/USD pair initially tried to rally during the day on Monday but turned around to fall towards the 1.2250 level again. This is an area where we have found support,...

EUR/USD Forecast March 7, 2017, Technical Analysis

by FX Empire | March 7, 2017 7:01 am
EUR/USD daily chart, March 07, 2017 The EUR/USD pair tried to rally, but the 50-day exponential moving average has again offered too much resistance for the buyers to continue pushing. Because of this, I believe that the...