USD/JPY Technical Analysis October 11, 2011
USD/JPY continued to sit still on Monday as traders play “ping pong” with the 76 – 77 range. The Bank of Japan is currently working against appreciation of the Yen, and the USD/JPY pair is the main...
Author: FX Empire
EUR/USD Technical Analysis October 11, 2011
The Euro skyrocketed against the US Dollar during the Monday session as it was announced that the German and French leaders had agreed to decide something and come up with a plan for the debt crisis, and...
EUR/USD Technical Analysis October 10, 2011
EUR/USD originally rose during the session on Friday as the Non-Farm Payroll numbers came out stronger than expected. However, with the ratings agencies cutting the ratings of Spain and Italy, the markets sold off later in the...
AUD/USD Technical Analysis October 7, 2011
AUD/USD continued to rise on Thursday as the global markets continue the “risk on” move that they have been in over the last few days. The charts do suggest that we may still be a bit oversold,...
EUR/USD Technical Analysis October 7, 2011
EUR/USD rose on Thursday, showing a continued “risk on” attitude over the last few days. The ECB didn’t do much for the session, even though there was the much anticipated last meeting of Jean-Claude Trichet.
GBP/USD Technical Analysis October 7, 2011
GBP/USD fell on Thursday as the Bank of England announced it was expanding its bond buying program, which of course is a form of quantitative easing. However, the pair found its footing late in the session and...
USD/CAD Technical Analysis October 7, 2011
USD/CAD continued to fall on Thursday as traders are willing to take on a bit more risk over the last several sessions. The pair is highly correlated to the oil markets, and the announcement of a larger...
USD/CHF Technical Analysis October 7, 2011
USD/CHF rose on Thursday, but formed a shooting star at the end of the session as the move faded a bit. The pair looks a little overbought at these levels, and a pullback isn’t necessarily a bad...
USD/JPY Technical Analysis October 7, 2011
USD/JPY continued its back and forth trading between the 76 and 77.50 areas on Thursday. The pair is stuck in this range, and has been very good to scalpers who have absolutely cleaned up in this tight...
USD/CAD Technical Analysis October 6, 2011
USD/CAD broke below the shooting star that we discussed yesterday on Wednesday. As a result, a “perfect” sell signal was triggered. We understand that the 1.0650 area is a massive monthly resistance area, so shorting from here...