GBP/USD Forecast August 29, 2014, Technical Analysis

by FX Empire | August 29, 2014 5:31 am
The GBP/USD pair broke higher during the day on Thursday, but again the 1.66 level has offered enough resistance to turn the market back around and form a shooting star. With this, we feel that the market...

EUR/USD Forecast August 29, 2014, Technical Analysis

by FX Empire | August 29, 2014 5:30 am
The EUR/USD pair tried to rally again during the session on Thursday, but yet again the 1.32 level has offered resistance, and therefore the market formed a shooting star again. The US dollar looks like its still...

AUD/USD Forecast August 29, 2014, Technical Analysis

by FX Empire | August 29, 2014 5:30 am
The AUD/USD pair tried to break out during the day on Thursday, but struggled to get out of the consolidation area, forming a massive shooting star. The shooting star of course signifies that the bearish pressure is...

USD/JPY Forecast August 28, 2014, Technical Analysis

by FX Empire | August 28, 2014 6:08 am
The USD/JPY pair fell during the course of the day on Wednesday, testing the bottom of the hammer from the Tuesday session. Because of this, we feel that the market is probably going to grind in this...

USD/CAD Forecast August 28, 2014, Technical Analysis

by FX Empire | August 28, 2014 6:07 am
The USD/CAD pair fell hard during the course of the day on Wednesday, breaking below the 1.09 handle, and even below the 1.0850 level during the day. With this, it looks like the market is ready to...

GBP/USD Forecast August 28, 2014, Technical Analysis

by FX Empire | August 28, 2014 6:07 am
The GBP/USD pair tried to rally during the course of the day on Wednesday, but as you can see struggled to go to much higher than we started. The 1.66 level continues to offer resistance, and as...

EUR/USD Forecast August 28, 2014, Technical Analysis

by FX Empire | August 28, 2014 6:06 am
The EUR/USD pair as you can see rose during the course of the session on Wednesday, testing the 1.32 level. The area has been resistive, and you can see that the gap lower that happened at the...

AUD/USD Forecast August 28, 2014, Technical Analysis

by FX Empire | August 28, 2014 6:05 am
The AUD/USD pair rose during the course of the day on Wednesday, but still remains just underneath the 0.9350 level. That level has been the top of the recent consolidation area, and as a result we feel...

USD/JPY Forecast August 27, 2014, Technical Analysis

by FX Empire | August 27, 2014 6:06 am
The USD/JPY pair initially fell during the day on Tuesday, but found enough support to turn things back around and form a nice-looking hammer. This is the second hammer in a row on the daily chart, so...

USD/CAD Forecast August 27, 2014, Technical Analysis

by FX Empire | August 27, 2014 6:06 am
The USD/CAD pair fell during the course of the day on Tuesday, testing the bottom of the hammer that had formed on Monday. That being the case though, we simply look as if we are going sideways...