GBP/USD Forecast July 1, 2016, Technical Analysis
The GBP/USD pair fell during the course of the session on Thursday, as we continue to go back and forth and try to build up enough downward pressure to continue to go lower. At this point in...
Author: FX Empire
EUR/USD Forecast July 1, 2016, Technical Analysis
The EUR/USD pair initially tried to rally during the day on Thursday, but turned right back around to fall fairly significantly during the day. The previous uptrend line acted as resistance, and now it appears that we...
AUD/USD Forecast July 1, 2016, Technical Analysis
The AUD/USD pair initially fell during the course of the day on Thursday, but turned back around to form a hammer. Ultimately, I believe that the 0.75 level above is resistive as well, so with all the...
USD/JPY Forecast June 29, 2016, Technical Analysis
The USD/JPY pair rose during the day on Tuesday, as there was more of a “risk on” type of move in the financial markets. However, there is still one out there that could move the markets in...
USD/CAD Forecast June 29, 2016, Technical Analysis
The USD/CAD pair initially fell during the day in a bit of a “risk on” type of move. However, the 1.30 level has offered enough support to turn the market back around and form a bit of...
GBP/USD Forecast June 29, 2016, Technical Analysis
The GBP/USD pair rose slightly during the course of the session on Tuesday, but did get back some of the gains. This is essentially a “dead cat bounce” of sorts, because we do know that the British...
EUR/USD Forecast June 29, 2016, Technical Analysis
The EUR/USD pair rallied initially during the day on Tuesday, filling the gap from Monday. However, you can see that we turn right back around and we are now looking very soft and could very well drift...
AUD/USD Forecast June 29, 2016, Technical Analysis
The Australian dollar initially bounced against the US dollar during the day on Tuesday, but gave back most the gains in order to form a bit of a shooting star. This is obviously a very negative sign,...
USD/JPY Forecast June 28, 2016, Technical Analysis
The USD/JPY pair had a very volatile session on Monday, chopping around in a fairly tight range. At this point in time, the Bank of Japan has not officially announced that it has intervened in the currency...
USD/CAD Forecast June 28, 2016, Technical Analysis
The USD/CAD pair rose during the day on Monday, breaking above the 1.30 level as oil markets fell, and of course the US dollar was purchased in order to get away from other currencies. At this point...