EURUSD Weekly Analysis – June 26, 2016

by ForexCycle.com | June 26, 2016 7:45 am
EURUSD broke below the support of the price channel on daily chart, indicating that the upward movement from 1.0517 had completed at 1.1616 already. Further decline could be expected over the next several weeks, and next target...

USD/JPY Forecast June 27, 2016, Technical Analysis

by FX Empire | June 26, 2016 6:50 am
The USD/JPY pair fell significantly during the course of the session on Friday, breaking well below the 100 level at one point. However, the market turned around and formed a massive hammer, so if we can break...

USD/CAD Forecast June 27, 2016, Technical Analysis

by FX Empire | June 26, 2016 6:49 am
The USD/CAD pair broke higher during the course of the day on Friday, breaking above the 1.30 level at one point. We did find quite a bit of resistance above there though, so having said that it...

GBP/USD Forecast June 27, 2016, Technical Analysis

by FX Empire | June 26, 2016 6:49 am
The GBP/USD pair fell apart during the day on Friday as it was announced out the United Kingdom has voted believe the European Union. Because of this, the British pound sold off drastically as we sliced through...

EUR/USD Forecast June 27, 2016, Technical Analysis

by FX Empire | June 26, 2016 6:48 am
The EUR/USD pair fell significantly during the course of the session on Friday, as the United Kingdom as voted to leave the European Union. We sliced through the 1.10 level below, but did see quite a bit...

AUD/USD Forecast June 27, 2016, Technical Analysis

by FX Empire | June 26, 2016 6:47 am
The AUD/USD pair fell rather hard during the day on Friday as the vote result to “leave” the European Union came out of the United Kingdom. We did get a significant bounce though, and ended up forming...

USD/JPY Forecast June 24, 2016, Technical Analysis

by FX Empire | June 24, 2016 6:42 am
The USD/JPY pair initially fell during the day on Thursday but turned right back around and broke well above the 105 level. By doing so, it looks as if the market is going to continue to show...

USD/CAD Forecast June 24, 2016, Technical Analysis

by FX Empire | June 24, 2016 6:41 am
The USD/CAD pair initially fell during the course of the day but turned around and bounced enough to form a nice-looking hammer. That of course is a very bullish sign, and as a result it looks as...

GBP/USD Forecast June 24, 2016, Technical Analysis

by FX Empire | June 24, 2016 6:40 am
The GBP/USD pair initially rallied during the day on Thursday but found enough exhaustion above the 1.48 level to turn and form a nice-looking shooting star. This is a currency pair that will be very sensitive to...

EUR/USD Forecast June 24, 2016, Technical Analysis

by FX Empire | June 24, 2016 6:39 am
The EUR/USD pair initially broke higher during the course of the day on Thursday as rumors have sent quite a bit of speculation into this market due to the fact that they are essentially saying that the...