GBP/USD Forecast August 5, 2016, Technical Analysis

by FX Empire | August 5, 2016 5:55 am
The GBP/USD pair fell significantly during the day on Thursday as we continue to consolidate overall. We have been testing the 1.30 level below for support, and the nonfarm payroll numbers coming out today could possibly be...

EUR/USD Forecast August 5, 2016, Technical Analysis

by FX Empire | August 5, 2016 5:54 am
The EUR/USD pair initially fell during the course of the session on Thursday, but found enough support to turn around and form a bit of a hammer. However, with the Nonfarm Payroll Numbers coming out during the...

AUD/USD Forecast August 5, 2016, Technical Analysis

by FX Empire | August 5, 2016 5:53 am
The AUD/USD pair rose slightly during the day on Thursday, as we continue to see bullish pressure. However, the 0.77 level above continues offer resistance, so we need a break above there before we can start buying...

USD/JPY Forecast August 4, 2016, Technical Analysis

by FX Empire | August 4, 2016 6:24 am
The USD/JPY pair initially drifted lower during the course of the session on Wednesday, but bounced enough to form a bit of a hammer. The hammer of course is likely to be a sign of support, and...

USD/CAD Forecast August 4, 2016, Technical Analysis

by FX Empire | August 4, 2016 6:23 am
The USD/CAD pair initially tried to rally during the course of the day on Wednesday, but turned back around to form a bit of a shooting star. There is a massive amount of support below though, especially...

GBP/USD Forecast August 4, 2016, Technical Analysis

by FX Empire | August 4, 2016 6:22 am
The GBP/USD pair did nothing during the course of the day on Wednesday, as we continue to consolidate in general. I still believe that the 1.35 level above is massively resistive and the resistance extends all the...

EUR/USD Forecast August 4, 2016, Technical Analysis

by FX Empire | August 4, 2016 6:22 am
The EUR/USD pair fell significantly during the course of the session on Wednesday, forming what is essentially a “today shooting star” in this market at the 1.12 level. If we can break down below the 1.1150 level,...

AUD/USD Forecast August 4, 2016, Technical Analysis

by FX Empire | August 4, 2016 6:21 am
The AUD/USD pair went back and forth during the course of the day on Wednesday, essentially settling on a neutral candle. There is quite a bit of support just below though, so ultimately it’s very likely that...

USD/JPY Forecast August 3, 2016, Technical Analysis

by FX Empire | August 3, 2016 8:32 am
The USD/JPY pair initially tried to rally during the course of the session on Tuesday, but turned around to form a very negative candle. This negative candle looks very much like a market that’s trying to reach...

USD/CAD Forecast August 3, 2016, Technical Analysis

by FX Empire | August 3, 2016 8:32 am
The USD/CAD pair initially fell during the course of the session on Tuesday, crashing into the 1.30 level below. By doing so, they found quite a bit of buyers and we bounced enough to form a nice-looking...