EUR/USD Forecast January 16, 2014, Technical Analysis

by FX Empire | January 16, 2014 3:01 am
The EUR/USD pair fell during the session on Wednesday, testing the 1.36 level. The area is the beginning of significant support all the way down to the 1.3550 handle, so therefore we need to close below that...

AUD/USD Forecast January 16, 2014, Technical Analysis

by FX Empire | January 16, 2014 3:00 am
The AUD/USD pair fell during the session on Wednesday, testing the 0.89 level for support. That area of course offered support, and therefore we bounce slightly from it. However, we believe that the market will continue to...

Chinese and German Data Points Towards Slowdown – PaxForex

by Paxforex | January 15, 2014 1:46 pm
While many traders may be a little disconnected from reality and push equity markets higher while selected currency pairs remain stuck in their overextended trends which is a very unhealthy combination and equity traders as well as...

USD/JPY Forecast January 15, 2014, Technical Analysis

by FX Empire | January 15, 2014 6:42 am
The USD/JPY pair rose during the session on Tuesday, breaking above the highs from the Monday session as well. This wiped out quite a bit of losses, as the market approach the 104 level. That being the...

USD/CAD Forecast January 15, 2014, Technical Analysis

by FX Empire | January 15, 2014 6:41 am
The USD/CAD pair rose during the session on Tuesday, breaking above the 1.09 handle yet again. This area has broken the top of the hammer from the Monday session as well, and as a result it looks...

GBP/USD Forecast January 15, 2013, Technical Analysis

by FX Empire | January 15, 2014 6:39 am
The GBP/USD pair when higher during the session on Tuesday, bouncing off of the 1.64 handle. This market looks like it’s ready to continue going sideways, but we do recognize the fact that the 1.65 level will...

EUR/USD Forecast January 15, 2014, Technical Analysis

by FX Empire | January 15, 2014 6:38 am
The EUR/USD pair did very little during the session on Tuesday, essentially banging around back and forth to end up where we started. The market appears to be somewhat supported in this area though, and the action...

AUD/USD Forecast January 15, 2014, Technical Analysis

by FX Empire | January 15, 2014 6:37 am
The AUD/USD pair fell hard during the session on Tuesday, breaking back below the 0.90 handle. We had suggested that the breakout above that level might have been a bit of a “false breakout”, so this move...

GBP/AUD Pullback Play (January 14, 2014)

by Kate Curtis | January 14, 2014 10:06 am
After its strong selloff in the past few days, GBP/AUD seems ready to make a retracement to an area of interest. On the 1-hour time frame, it can be seen that the broken support level is right...

USD/JPY Forecast January 14, 2014, Technical Analysis

by FX Empire | January 14, 2014 6:21 am
The USD/JPY pair fell during the day on Monday, testing the 103 level for support. This is an area that begins a significant amount of support all the way down to the 102.50 level, so some type...