USD/JPY Forecast February 9, 2015, Technical Analysis

by FX Empire | February 8, 2015 6:02 am
The USD/JPY pair took off during the session on Friday as the nonfarm payroll number came out much better than anticipated. Because of this, it appears that the US economy continues to expand, and that of course...

USD/CAD Forecast February 9, 2015, Technical Analysis

by FX Empire | February 8, 2015 6:01 am
The USD/CAD pair fell during the course of the session on Friday, but found enough support near the 1.2350 level to turn things back around and form a nice hammer. That hammer suggests that the buyers are...

GBP/USD Forecast February 9, 2015, Technical Analysis

by FX Empire | February 8, 2015 6:01 am
The GBP/USD pair fell during the course of the day on Friday, testing the 1.52 handle. That was a place we broke out of on Thursday, so it makes sense that we would retested. However, there isn’t...

EUR/USD Forecast February 9, 2015, Technical Analysis

by FX Empire | February 8, 2015 6:00 am
The EUR/USD pair fell during the course of the session on Friday, as the nonfarm payroll numbers came out much stronger than anticipated. The 1.15 level of course has offered resistance yet again, and it now appears...

AUD/USD Forecast February 9, 2015, Technical Analysis

by FX Empire | February 8, 2015 5:59 am
The AUD/USD pair tried to break out to the upside on Friday, but then turned back around at roughly 0.79 to form a bit of a shooting star. That being the case it looks like we’re ready...

USD/JPY Forecast February 6, 2015, Technical Analysis

by FX Empire | February 6, 2015 5:59 am
The USD/JPY pair fell initially during the session on Thursday, but continues to meander around the 117.50 level. Because of this, we feel that the market is just simply waiting for this announcement to make a decision....

USD/CAD Forecast February 6, 2015, Technical Analysis

by FX Empire | February 6, 2015 5:59 am
The USD/CAD pair fell during the bulk of the session on Thursday, as we continue to consolidate just above the 1.24 handle. Because of that, it appears that the market will continue to consolidate as we await...

GBP/USD Forecast February 6, 2015, Technical Analysis

by FX Empire | February 6, 2015 5:58 am
The GBP/USD pair broke higher during the course of the session on Thursday as we broke out above the recent consolidation area. It does appear that the British pound is ready to strengthen a bit but we...

EUR/USD Forecast February 6, 2015, Technical Analysis

by FX Empire | February 6, 2015 5:57 am
The EUR/USD pair rose during the course of the day on Thursday, as the market bounced to the 1.15 level. This of course is an area that is a significant amount of resistance based upon the large,...

AUD/USD Forecast February 6, 2015, Technical Analysis

by FX Empire | February 6, 2015 5:57 am
The AUD/USD pair did very little during the session on Thursday, as it appears the market is ready to continue to fall from here given enough time. That being the case, we break below the bottom of...