USD/JPY Forecast May 6, 2015, Technical Analysis

by FX Empire | May 6, 2015 11:26 am
The USD/JPY pair initially broke higher during the course of the day on Tuesday, but found so much in the way of resistance at the 120.50 level that we turned back around to form a massive shooting...

USD/CAD Forecast May 6, 2015, Technical Analysis

by FX Empire | May 6, 2015 11:25 am
The USD/CAD pair broke down during the session on Tuesday, testing the 1.20 support level. This is an area that is rather supportive, so it could take a bit of a fight to break down below here....

GBP/USD Forecast May 6, 2015, Technical Analysis

by FX Empire | May 6, 2015 11:24 am
The GBP/USD pair broke higher during the course of the session on Tuesday, breaking above the 1.52 level at one point. However, it does look like we are starting to show strength and that’s what matters. On...

EUR/USD Forecast May 6, 2015, Technical Analysis

by FX Empire | May 6, 2015 11:24 am
The EUR/USD pair initially fell during the course of the session on Tuesday, but found enough support below to turn things back around and form a bit of a hammer. Because of this, we feel that the...

AUD/USD Forecast May 6, 2015, Technical Analysis

by FX Empire | May 6, 2015 11:23 am
The AUD/USD pair initially fell during the course of the session on Tuesday, but found enough support below to turn things back around and form a very positive candle. This was partly due to the Reserve Bank...

USD/JPY Forecast May 5, 2015, Technical Analysis

by FX Empire | May 5, 2015 6:13 am
The USD/JPY pair initially tried to rally during the course of the session on Monday, but as you can see really kind of failed to pick up any type of momentum going higher. With that, the market...

USD/CAD Forecast May 5, 2015, Technical Analysis

by FX Empire | May 5, 2015 6:12 am
The USD/CAD pair broke down during the course of the session on Monday, testing the 1.21 level. However, we see the 1.20 level below as massively supportive, so having said that we don’t really have any interest...

GBP/USD Forecast May 5, 2015, Technical Analysis

by FX Empire | May 5, 2015 6:12 am
The GBP/USD pair initially fell during the day on Monday, but found a little bit of support below in order to form something along the lines of a hammer. With this, we believe that the market is...

EUR/USD Forecast May 5, 2015, Technical Analysis

by FX Empire | May 5, 2015 6:11 am
The EUR/USD pair had a negative session on Monday, as the 100 day exponential moving average offered dynamic resistance. On top of that, the shooting star that informed on Friday showed signs of resistance at the 1.12...

AUD/ USD Forecast May 5, 2015, Technical Analysis

by FX Empire | May 5, 2015 6:10 am
The AUD/USD pair initially fell during the course of the session on Monday, but found enough support to turn things back around and go higher. With this, we ended up forming a hammer for the session, and...