AUD/USD Forecast August 30, 2016, Technical Analysis

by ForexCycle.com | August 30, 2016 7:07 am
The AUD/USD pair initially fell during the course of the day on Monday, but turn right back around to form a bit of positive momentum. With this being the case, it will be interesting to see what...

AUDUSD Short-Term Channel (Aug 30, 2016)

by Kate Curtis | August 30, 2016 4:21 am
AUDUSD recently broke below the bottom of a longer-term ascending channel visible on its daily and 4-hour chart. On the shorter-term time frames, it can be seen that the pair is moving inside a descending channel formation...

USD/JPY Forecast August 29, 2016, Technical Analysis

by FX Empire | August 29, 2016 6:32 am
The USD/JPY pair initially fell during the course of the day on Friday, but bounced off of the 100 level yet again. By doing so, we ended up forming a very bullish looking candle in a think...

USD/CAD Forecast August 29, 2016, Technical Analysis

by FX Empire | August 29, 2016 6:31 am
The USD/CAD pair initially fell during the course of the day on Friday, but turned around and form a hammer yet again. I believe that this market is trying to build up enough momentum to finally break...

GBP/USD Forecast August 29, 2016, Technical Analysis

by FX Empire | August 29, 2016 6:30 am
The GBP/USD pair initially tried to rally during the course of the day on Friday but turned right back around to form a shooting star. The shooting star sitting just below the 1.32 level suggests that we...

EUR/USD Forecast August 29, 2016, Technical Analysis

by FX Empire | August 29, 2016 6:29 am
The EUR/USD pair continues to show weakness and lofty levels. I believe that this market is going to continue to consolidate between the 1.12 level, and the 1.1350 level on the top. At this point in time,...

AUD/USD Forecast August 29, 2016, Technical Analysis

by FX Empire | August 29, 2016 6:28 am
The Australian dollar initially tried to rally during the course of the day on Friday, but turned right back around to form a very negative looking candle. We informed three shooting stars in a row on the...

AUDUSD Channel Breakdown (Aug 29, 2016)

by Kate Curtis | August 29, 2016 5:19 am
AUDUSD was moving inside an ascending channel on its 4-hour time frame before price made a break below support to indicate that the uptrend is over. A long red candle closed below the .7600 major psychological support,...

USD/JPY Forecast August 26, 2016, Technical Analysis

by FX Empire | August 26, 2016 6:01 am
The USD/JPY pair initially fell during the course of the day on Thursday, but turned right back around to form a bit of a hammer. Because of the 100 level below, I believe that it’s only a...

USD/CAD Forecast August 26, 2016, Technical Analysis

by FX Empire | August 26, 2016 6:00 am
The USD/CAD pair initially fell during the day on Thursday but turned right back around to form a bit of a hammer. The hammer of course is a very strong sign, and as a result we may...