EUR/USD Forecast March 9, 2017, Technical Analysis

by FX Empire | March 9, 2017 6:43 am
EUR/USD daily chart, March 09, 2017 The EUR/USD pair fell slightly during the day on Wednesday, as it looks like it’s trying to reach down to the 1.05 level. Any rally at this point will more than...

AUD/USD Forecast March 9, 2017, Technical Analysis

by FX Empire | March 9, 2017 6:42 am
AUD/USD daily chart, March 09, 2017 The AUD/USD pair initially tried to rally during the day on Wednesday, but turned around to find selling pressure again. I think that the 0.75 level underneath should be supportive though,...

USDJPY Double Bottom (Mar 08, 2017)

by Kate Curtis | March 8, 2017 9:47 am
USDJPY seems to be tired from its selloff as it formed a double bottom pattern on its 4-hour chart. Price failed in its last two attempts to break below the 111.50 area and might be due for...

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...