USD/CAD Forecast May 24, 2013, Technical Analysis

by FX Empire | May 24, 2013 4:55 am
The USD/CAD currency pair fell during the session on Thursday, testing the 1.03 level for support. Although we close the very bottom of the candle, it must be said that the market did stop at that general...

GBP/USD Forecast May 24, 2013, Technical Analysis

by FX Empire | May 24, 2013 4:54 am
The GBP/USD pair had a positive session as we bounced off of the 1.50 level during the Thursday trading hours. This is the move that we had anticipated, as the area would of course be very significant...

EUR/USD Forecast May 24, 2013, Technical Analysis

by FX Empire | May 24, 2013 4:53 am
The EUR/USD pair ripped to the upside on Thursday, breaking above the 1.29 handle again. However, we had anticipated that this market will simply going to bounce around between the 1.28 handle on the downside, and the...

AUD/USD Forecast May 24, 2013, Technical Analysis

by FX Empire | May 24, 2013 4:52 am
The AUD/USD pair bounced nicely off of the 0.9650 level during the session on Thursday, which is to be expected as it is a long-term support level. The resulting candle is in quite a hammer, but it...

USD/JPY Forecast May 23, 2013, Technical Analysis

by FX Empire | May 23, 2013 5:16 am
The USD/JPY pair had a positive showing during the session on Wednesday, as we managed to break above the most recent highs, but did get back about half of the gains. Nonetheless, this doesn’t really change our...

GBP/USD Forecast May 23, 2013, Technical Analysis

by FX Empire | May 23, 2013 5:15 am
The GBP/USD pair fell during the session on Wednesday, testing the 1.50 handle that we had suggested was a target recently. This level appears to be supportive enough that the market is down slightly, and because of...

USD/CAD Forecast May 23, 2013, Technical Analysis

by FX Empire | May 23, 2013 5:14 am
The USD/CAD pair rose during the session in reaction to an overall US dollar rally. The Federal Reserve Chairman spoke in front of Congress during the day suggesting that monetary policy could be changing relatively soon.

EUR/USD Forecast May 23, 2013, Technical Analysis

by FX Empire | May 23, 2013 5:12 am
The EUR/USD pair initially rallied during the Wednesday session, but as you can see the 1.30 level brought out a lot of sellers, and we close much lower. This massive shooting star of course suggests significant weakness,...

AUD/USD Forecast May 23, 2013, Technical Analysis

by FX Empire | May 23, 2013 5:11 am
The AUD/USD pair fell during the session on Wednesday as the market found the 0.9650 support level. This area is a significant support level on the longer-term charts as well, so the bounce of course would not...

USD/JPY Forecast May 22, 2013, Technical Analysis

by FX Empire | May 22, 2013 7:51 am
The USD/JPY pair managed to make a small amount of gains during the session on Tuesday, and by giving back some of it, the pair formed a bit of a shooting star. However, we still see plenty...