USD/CAD Forecast February 6, 2017, Technical Analysis

by FX Empire | February 5, 2017 3:26 am
The USD/CAD pair initially tried to rally during the day on Friday, but found enough resistance to turn things around and reach below the 1.30 level. If we can make a fresh, new low, then I believe...

GBP/USD Forecast February 6, 2017, Technical Analysis

by FX Empire | February 5, 2017 3:25 am
The GBP/USD pair fell during the day on Friday, but turned around to form a nice-looking hammer at the 1.25 handle. This is a very bullish sign and if we can break above the top of a...

EUR/USD Forecast February 6, 2017, Technical Analysis

by FX Empire | February 5, 2017 3:24 am
The EUR/USD pair initially fell on Friday after the jobs number, but turned around to form a massive hammer. The hammer sits above the 1.0750 level, which is very important. If we can break above the top...

AUD/USD Forecast February 6, 2017, Technical Analysis

by FX Empire | February 5, 2017 3:23 am
The AUD/USD pair initially fell on Friday, but as you can see turned around to form a bit of a hammer. It looks as if the market is going to reach towards the 0.7750 level above, although...

USD/JPY Forecast February 3, 2017, Technical Analysis

by FX Empire | February 3, 2017 8:41 am
The USD/JPY pair fell initially during the session on Thursday, but continues to find the 112.50 level to be supportive enough to keep the market somewhat afloat. I believe that the support runs all the way down...

USD/CAD Forecast February 3, 2017, Technical Analysis

by FX Empire | February 3, 2017 8:40 am
The USD/CAD pair fell initially on Thursday, but found enough support underneath the 1.30 level to form a hammer. This makes quite a bit of sense, because we the jobs number coming out today and it would...

GBP/USD Forecast February 3, 2017, Technical Analysis

by FX Empire | February 3, 2017 8:39 am
The GBP/USD pair initially rallied during the day on Thursday, but found enough selling pressure to reach towards the 1.25 handle. We’ve seen quite a bit of volatility in the British pound over the last 24 hours,...

EUR/USD Forecast February 3, 2017, Technical Analysis

by FX Empire | February 3, 2017 8:38 am
The EUR/USD pair rallied during the day on Thursday, as the 100-exponential moving average is offering support. We did give back a little bit of the gains, but I think given enough time we will continue to...

AUD/USD Forecast February 3, 2017, Technical Analysis

by FX Empire | February 3, 2017 8:37 am
The AUD/USD pair continues to show strength, as we broke out during the day on Thursday. However, we did get a little bit overextended so I feel that the market will probably drop from here to find...

GBPAUD Triangle Formation (Feb 03, 2017)

by Kate Curtis | February 3, 2017 4:51 am
GBPAUD has formed lower highs and higher lows on its dailytime frame, creating a symmetrical triangle formation on the long-term chart. Price just bounced off the triangle resistance and could be due for another test of support....