USD/CAD Forecast February 1, 2016, Technical Analysis

by FX Empire | January 30, 2016 11:49 am
The USD/CAD pair tried to rally, but failed on Friday. However, we think that sooner or later there will be buyers as this area is so strong in support. Oil has been going higher on a shot-term...

GBP/ USD Forecast February 1, 2016, Technical Analysis

by FX Empire | January 30, 2016 11:49 am
The GBP/USD pair fell during the course of the session on Friday, but found a little bit of support below the 1.42 handle. With this being said, the market looks as if it is trying to grind...

EUR/USD Forecast February 1, 2016, Technical Analysis

by FX Empire | January 30, 2016 11:48 am
The EUR/USD pair fell on Friday, heading back to the 1.08 level. Because of this, it looks as if the market is still in the consolidation area but certainly could be getting ready to break down. The...

AUD/USD Forecast February 1, 2016, Technical Analysis

by FX Empire | January 30, 2016 11:47 am
The AUD/USD pair went back and forth during the day on Friday, essentially settling on a neutral candle. Ultimately though, it is very likely that we will struggle above, as the previous uptrend line should now be...

USD/JPY Forecast January 29, 2016, Technical Analysis

by FX Empire | January 29, 2016 8:12 am
The USD/JPY pair did very little during the day on Thursday, perhaps anticipating the Bank of Japan releasing its monetary policy statement later. However, the one thing that we do recognize that is going on as we...

USD/CAD Forecast January 29, 2016, Technical Analysis

by FX Empire | January 29, 2016 8:12 am
The USD/CAD pair fell significantly during the course of the session on Thursday, testing the 1.40 level for support. We did in fact find it, and at FX Empire we have been waiting for this move. The...

GBP/USD Forecast January 29, 2016, Technical Analysis

by FX Empire | January 29, 2016 8:11 am
The GBP/USD pair rose during the course of the day on Thursday, but we still believe that there is quite a bit of downward pressure on this pair. Because of this, we are simply waiting to see...

EUR/USD Forecast January 29, 2016, Technical Analysis

by FX Empire | January 29, 2016 8:10 am
The EUR/USD pair rose somewhat significantly during the course of the session on Thursday, but we still find yourselves just below significant resistance as we are still within the consolidation area that we have been trading in...

AUD/USD Forecast January 29, 2016, Technical Analysis

by FX Empire | January 29, 2016 8:07 am
The AUD/USD pair broke higher during the course of the session on Thursday, testing the 61.8% Fibonacci retracement level. This is a market that still remains underneath the previous uptrend line, and the fact that we did...

USD/JPY Forecast January 28, 2016, Technical Analysis

by FX Empire | January 28, 2016 6:05 am
The USD/JPY pair broke higher during the course of the day on Wednesday, clearing the 118.50 level yet again. We believe that a break above the top of the range during the course of the session from...