USD/CAD Forecast October 6, 2016, Technical Analysis

by FX Empire | October 6, 2016 6:44 am
The USD/CAD pair initially rallied during the course of the session on Wednesday, but turned around and found the 1.32 level be far too resistive. By doing so, we did up forming a negative candle, and if...

GBP/USD Forecast October 6, 2016, Technical Analysis

by FX Empire | October 6, 2016 6:43 am
The GBP/USD pair went back and forth during the course of the session on Wednesday, but ultimately formed a hammer. With this, I feel that the market is probably going to break out to the upside and...

EUR/USD Forecast October 6, 2016, Technical Analysis

by FX Empire | October 6, 2016 6:43 am
EUR/USD had a very volatile session during the course of the day as Wednesday was simply a back-and-forth type of grind. The market seems to have quite a bit of support below at the 1.1150 level, which...

AUD/USD Forecast October 6, 2016, Technical Analysis

by FX Empire | October 6, 2016 6:42 am
The AUD/USD pair went back and forth during the course of the session on Wednesday, forming a relatively neutral candle. I think that the market will continue to go back and forth in the larger consolidation area,...

USD/JPY Forecast October 5, 2016, Technical Analysis

by FX Empire | October 5, 2016 8:29 am
The USD/JPY pair broke higher during the course of the day on Tuesday, testing the 103 level. I believe that this market will continue to rally due to the fact that the Bank of Japan is sitting...

USD/CAD Forecast October 5, 2016, Technical Analysis

by FX Empire | October 5, 2016 8:28 am
The USD/CAD pair broke above the top of the hammer from the previous session on Tuesday, slamming into the 1.32 handle. This is an area that offers quite a bit of resistance but with the Crude Oil...

GBP/USD Forecast October 5, 2016, Technical Analysis

by FX Empire | October 5, 2016 8:26 am
The GBP/USD pair broke down significantly during the course of the day on Tuesday, slicing through the 1.2850 level. By doing so, looks as if the market will continue to go much lower, perhaps reaching down to...

EUR/USD Forecast October 5, 2016, Technical Analysis

by FX Empire | October 5, 2016 8:25 am
The EUR/USD pair fell rather significantly during the course of the day on Tuesday, crashing into the 1.1150 level. I think if we can break down below the 1.11 level, the market will then break down to...

AUD/USD Forecast October 5, 2016, Technical Analysis

by FX Empire | October 5, 2016 8:25 am
The Australian dollar fell during the day on Tuesday, as we continue to consolidate around the 0.7650 region. At this point in time, I very comfortable sitting on the sidelines as I don’t think there’s much of...

USD/JPY Forecast October 4, 2016, Technical Analysis

by FX Empire | October 4, 2016 8:38 am
The USD/JPY pair has fallen during the course of the session initially on Monday, but then turn right back around to form a bit of a hammer. The hammer of course is a bullish sign and I...