USD/CAD Forecast November 3, 2014, Technical Analysis
The USD/CAD pair broke higher during the course of the day on Friday, but as you can see gave back about half of the gains. With that being the case, we feel that the market should continue...
Author: FX Empire
GBP/USD Forecast November 3, 2014, Technical Analysis
The GBP/USD pair went back and forth during the course of the session on Friday, hanging about the 1.60 handle. The resulting candle is a hammer, and as a result if we break above the top of...
EUR/USD Forecast November 3, 2014, Technical Analysis
The EUR/USD pair broke down during the course of the session on Friday, breaking the bottom of the hammer from the Thursday session. We even went below the 1.25 level at one point in time, but at...
AUD/USD Forecast November 3, 2014, Technical Analysis
The AUD/USD pair as you can see went back and forth during the session on Friday, essentially forming a slightly negative candle. We continue to hang about the 0.88 handle, which of course is an area that...
EUR/USD Forecast October 31, 2014, Technical Analysis
The EUR/USD pair fell hard during the session on Thursday, but turned back around and bounced hard enough to form a beautiful looking hammer. The hammer is fixated on the 1.26 level, and that being the case...
AUD/USD Forecast October 31, 2014, Technical Analysis
The AUD/USD pair bounced during the course of the day on Thursday, but still remains trapped in the basic consolidation that we have seen for some time now. The 0.88 level continues to be a bit of...
USD/JPY Forecast October 30, 2014, Technical Analysis
The USD/JPY pair initially fell during the course of the day on Wednesday, but after a hearty statement by the Federal Reserve, this pair went higher and broke out to the upside. It now seems almost a...
USD/CAD Forecast October 30, 2014, Technical Analysis
The USD/CAD pair went higher during the session on Wednesday after the Federal Reserve released a more hawkish than anticipated statement. We broke back above the 1.12 level, but there is a significant amount of resistance just...
GBP/USD Forecast October 30, 2014, Technical Analysis
The GBP/USD pair fell hard during the course of the day on Wednesday after the Federal Reserve released a fairly hawkish statement. However, the 1.60 level is significant support, so one has to wonder whether or not...
EUR/USD Forecast October 30, 2014, Technical Analysis
The EUR/USD pair initially tried to rally during the course of the day on Wednesday, but a stronger and more hawkish than anticipated statement coming out of the Federal Reserve of course sent this market lower as...