USD/JPY Forecast May 20, 2016, Technical Analysis

by FX Empire | May 20, 2016 5:50 am
The USD/JPY pair fell slightly during the course of the session on Thursday, breaking below the 110 level. With this being the case, the market looks as if we are struggling a bit at this large number....

USD/CAD Forecast May 20, 2016, Technical Analysis

by FX Empire | May 20, 2016 5:49 am
The USD/CAD pair rose during the session on Thursday, breaking clear above the 1.30 level. This is an area that has been resistive, and now that we have broken above there, it looks likely that we could...

GBP/USD Forecast May 20, 2016, Technical Analysis

by FX Empire | May 20, 2016 5:48 am
The GBP/USD pair initially rose during the session on Thursday, but found a lot of resistance above in order to form a shooting star, which is of course a negative sign. The pair looks likely to pullback...

EUR/USD Forecast May 20, 2016, Technical Analysis

by FX Empire | May 20, 2016 5:47 am
The EUR/USD pair fell initially on Thursday, but bounced enough to form a hammer. The pair is at the bottom of a longer-term consolidation area, as the 1.12 level looks important. The market could bounce from here...

AUD/USD Forecast May 20, 2016, Technical Analysis

by FX Empire | May 20, 2016 5:47 am
The AUD/USD pair initially fell during the course of the day on Thursday but found enough support below the 0.72 level to turn things around and form a hammer. The hammer of course is a very positive...

USD/JPY Forecast May 19, 2016, Technical Analysis

by FX Empire | May 19, 2016 6:11 am
The USD/JPY pair had a positive session on Wednesday, as we continue to reach towards the 110 handle. The 110 handle been broken to the upside would be a rather positive sign, as we would then more...

USD/CAD Forecast May 19, 2016, Technical Analysis

by FX Empire | May 19, 2016 6:10 am
The USD/CAD pair initially tried to rally during the course of the day on Wednesday, but found the 1.30 level to be far too resistive again as we ended up forming a shooting star. This is preceded...

GBP/USD Forecast May 19, 2016, Technical Analysis

by FX Empire | May 19, 2016 6:10 am
The GBP/USD pair initially fell during the day on Wednesday, but turned around to slice through the top of the shooting star from the Tuesday session. This of course is a very bullish sign, and as a...

EUR/USD Forecast May 19, 2016, Technical Analysis

by FX Empire | May 19, 2016 6:08 am
The EUR/USD pair fell slightly during the course of the day on Wednesday, as we continue to see quite a bit of volatility in this choppy market. However, we still have plenty of support just below, so...

AUD/USD Forecast May 19, 2016, Technical Analysis

by FX Empire | May 19, 2016 6:04 am
The AUD/USD pair initially fell during the course of the session on Wednesday but turned around to form a hammer. It is preceded by a shooting star on Tuesday though, and as a result it looks as...