GBP/USD Forecast July 9, 2013, Technical Analysis

by FX Empire | July 9, 2013 5:48 am
The GBP/USD pair rose during the session on Monday, bouncing off of the 1.4850 handle. However, we think that the 1.50 level will offer far too much resistance, and therefore waiting to see this market approach that...

EUR/USD Forecast July 9, 2013, Technical Analysis

by FX Empire | July 9, 2013 5:47 am
The EUR/USD pair bounced off of the 1.28 handle during the session on Monday, an area that we had previously mentioned as being rather supportive. It is because of this that we think that the market will...

AUD/USD Forecast July 9, 2013, Technical Analysis

by FX Empire | July 9, 2013 5:46 am
The AUD/USD pair rose during the session on Monday, as the market seems to be trying to find the bottom just above the 0.90 handle. However, the Australian dollar is one of the weakest currencies out there...

USD/CAD Rising Channel Setup (July 8, 2013)

by Kate Curtis | July 8, 2013 6:30 am
The Loonie has been edging lower against the U.S. dollar gradually, as the pair has formed a shallow rising channel on its 1-hour time frame. The pair is currently testing the top of the channel, with stochastic...

USD/JPY Forecast July 8, 2013, Technical Analysis

by FX Empire | July 6, 2013 5:12 am
The USD/JPY pair initially fell during the session on Friday, but you can see that the 100 level offered enough support in order to push the market higher. We eventually closed above the 101 handle, based mainly...

EUR/USD Forecast July 8, 2013, Technical Analysis

by FX Empire | July 6, 2013 5:08 am
The EUR/USD pair fell during the session on Friday, as one would expect since the nonfarm payroll number was much better than anticipated. The Americans added 195,000 jobs in the month of June, and as a result...

AUD/USD Forecast July 8, 2013, Technical Analysis

by FX Empire | July 6, 2013 5:07 am
The AUD/USD pair fell during the session on Friday, as the Australian dollar continues to get pummeled. This would have been exacerbated by the fact that the nonfarm payroll number came out much stronger than anticipated, causing...