USD/CAD Forecast January 4, 2016, Technical Analysis

by FX Empire | January 3, 2016 5:52 am
The USD/CAD pair initially tried to rally during the day on Thursday but then ended up selling off. Quite frankly, we believe that this market is simply trying to build up enough momentum to break above the...

GBP/USD Forecast January 4, 2016, Technical Analysis

by FX Empire | January 3, 2016 5:51 am
The GBP/USD pair fell significantly during the course of the day on Thursday, breaking the back of a hammer from the Wednesday session. Because of this, and the fact that we close towards the bottom of the...

EUR/USD Forecast January 4, 2016, Technical Analysis

by FX Empire | January 3, 2016 5:50 am
The EUR/USD pair fell during the day on Thursday, as we continue to consolidate overall. We currently believe that the 1.10 level is resistive, and that the resistance probably extends all the way to the 1.11 handle....

AUD/USD Forecast January 4, 2016, Technical Analysis

by FX Empire | January 3, 2016 5:49 am
The AUD/USD pair went back and forth during the day on Thursday, ultimately settling on a slightly negative candle. Ultimately though, we believe that this market will be greatly influenced by the overall ascending triangle pattern, which...

USD/JPY Forecast December 31, 2015, Technical Analysis

by FX Empire | December 31, 2015 6:05 am
The USD/JPY pair bounced a little bit during the course of the day on Wednesday, but quite frankly we feel this market is simply sitting still before the holiday. The 120 level below should be supportive, and...

USD/CAD Forecast December 31, 2015, Technical Analysis

by FX Empire | December 31, 2015 6:05 am
The USD/CAD pair initially tried to rally during the course of the session on Wednesday, but turned back around. That being the case, the market looks as if it is not quite ready to break above the...

GBP/USD Forecast December 31, 2015, Technical Analysis

by FX Empire | December 31, 2015 6:04 am
The GBP/USD pair fell initially during the course of the day on Wednesday, but found enough support to turn things back around and form a hammer. Ultimately, the market looks as if the market is trying to...

EUR/USD Forecast December 31, 2015, Technical Analysis

by FX Empire | December 31, 2015 6:03 am
The EUR/USD pair fell during the session on Wednesday, as we continue to see consolidation overall. The 100 day exponential moving average is flattening out, so this suggests that we are going to continue consolidating going forward....

AUD/USD Forecast December 31, 2015, Technical Analysis

by FX Empire | December 31, 2015 6:02 am
The AUD/USD pair initially tried to rally during the course of the session on Wednesday, but turned back around to form a bit of a shooting star. The shooting star of course is very negative, but we...

USD/JPY Forecast December 30, 2015, Technical Analysis

by FX Empire | December 30, 2015 5:32 am
The USD/JPY pair did very little during the session on Tuesday as the market continues to hover about. The 120 handle of course is important when it comes to the longer-term attitude of this market, but given...