GBP/USD Forecast August 19, 2016, Technical Analysis

by FX Empire | August 19, 2016 6:41 am
The GBP/USD pair broke higher during the course of the session on Thursday, clearing the 1.30 level. However, I believe that this market has quite a bit of resistance above, so it simply waiting to see exhaustion...

EUR/USD Forecast August 19, 2016, Technical Analysis

by FX Empire | August 19, 2016 6:39 am
The EUR/USD pair rose during the course of the day, reaching towards the 1.1350 level. The area has been resistive in the past, and having said that it’s likely that the sellers could reenter this market, but...

AUD/USD Forecast August 19, 2016, Technical Analysis

by FX Empire | August 19, 2016 6:39 am
The AUD/USD pair went back and forth during the course of the day on Thursday, ultimately turning around to form a bit of a shooting star. The fact that we have formed a shooting star in this...

EURAUD Reversal Pattern (Aug 19, 2016)

by Kate Curtis | August 19, 2016 3:39 am
EURAUD has been declining on its 4-hour chart but a reversal pattern has formed, signaling a potential uptrend. Price has failed in its last two attempts to break below the 1.4500 major psychological support, creating a double...

USD/JPY Forecast August 18, 2016, Technical Analysis

by FX Empire | August 18, 2016 6:55 am
The USD/JPY pair initially tried to rally during the course of the session, as the Tuesday markets have shown a bit of strength originally. However, we turned right back around to form a bit of a shooting...

USD/CAD Forecast August 18, 2016, Technical Analysis

by FX Empire | August 18, 2016 6:54 am
The USD/CAD pair initially tried to rally on Tuesday but then turn right back around to form a bit of a shooting star. There is support just below though, so I think what we’re going to see...

GBP/USD Forecast August 18, 2016, Technical Analysis

by FX Empire | August 18, 2016 6:53 am
The GBP/USD pair initially tried to rally during the course of the session, but then turn right back around to break towards the 1.30 level. I think if we can break down below there, it is only...

EUR/USD Forecast August 18, 2016, Technical Analysis

by FX Empire | August 18, 2016 6:52 am
The EUR/USD pair went back and forth during the course of the day on Tuesday, showing a bit of indecision after a very impulsive day on Monday. With this being the case, I think that a pullback...

AUD/USD Forecast August 18, 2016, Technical Analysis

by FX Empire | August 18, 2016 6:51 am
The AUD/USD pair initially tried to rally during the day on Tuesday, but then sliced through the bottom of the shooting star that had formed on Monday. This is a market that looks very negative over the...

Forex Major Currencies Outlook (Aug 18, 2016)

by Kate Curtis | August 18, 2016 4:29 am
USD The US dollar gave up some of its recent gains when the FOMC minutes showed that the central bank is in no rush to hike interest rates. Most policymakers judged that it would be prudent to...