USD/JPY Forecast May 12, 2016, Technical Analysis
The USD/JPY pair fell initially during the course of the session on Wednesday, but at the end of the day will we are really looking at is the fact that we are starting to dig into significant...
Author: FX Empire
USD/CAD Forecast May 12, 2016, Technical Analysis
The USD/CAD currency pair fell during the course of the session on Wednesday, as the 50 day exponential moving average sits just above. The 1.30 level above has been resistive, and it now looks as if we...
GBP/USD Forecast May 12, 2016, Technical Analysis
The GBP/USD pair initially fell during the course of the session on Wednesday but bounced off of the 1.44 level in order to form a nice-looking hammer. The hammer of course is very interesting because it forms...
EUR/USD Forecast May 12, 2016, Technical Analysis
The EUR/USD pair broke higher during the course of the day on Wednesday, clearing the top of the shooting star that formed on Tuesday, as well as the one that formed on Monday. With that being the...
AUD/USD Forecast May 12, 2016, Technical Analysis
The AUD/USD pair fell initially during the course of the session on Wednesday, but turned right back around to form a hammer. A break above the top of the hammer would be a buying opportunity and the...
USD/JPY Forecast May 10, 2016, Technical Analysis
The USD/JPY pair rose during the course of the day on Monday, clearing the hammer that had formed on Friday. This is a very bullish sign, but keep in mind that this is a market that has...
USD/CAD Forecast May 10, 2016, Technical Analysis
The USD/CAD pair gapped higher at the open on Monday, testing the 1.30 level above, which of course is a psychologically significant number. If we can break above there on a daily close, then we may see...
GBP/USD Forecast May 10, 2016, Technical Analysis
The GBP/USD pair initially tried to rally during the course of the session on Monday, and then turn right back around for most of the day and formed a shooting star. Ultimately, breakdown below the bottom of...
EUR/USD Forecast May 10, 2016, Technical Analysis
The EUR/USD pair initially tried to rally during the course of the session on Monday, but turned right back around to form a shooting star. That being the case, the market looks as if we’re going to...
AUD/USD Forecast May 10, 2016, Technical Analysis
The AUD/USD pair fell rather significantly during the day on Monday, as we continue to see a selloff against the Australian currency. The 0.73 level below is a large, round, psychologically significant number, but more importantly it...