USD/CAD Forecast June 4, 2014, Technical Analysis

by FX Empire | June 4, 2014 3:56 am
The USD/CAD pair went back and forth during the session on Tuesday, printing a slightly positive candle, but more importantly showing that the 1.09 region continues to be a bit of resistance. The market as at the...

GBP/USD Forecast June 4, 2014, Technical Analysis

by FX Empire | June 4, 2014 3:47 am
The GBP/USD pair tried to rally during the session on Tuesday, but it’s managed to find enough resistance at the 1.68 handle to turn things back around and form a shooting star. The shooting star signifies that...

EUR/USD Forecast June 4, 2014, Technical Analysis

by FX Empire | June 4, 2014 3:46 am
The EUR/USD pair rose during the course of the day on Tuesday, continuing to consolidate in the general vicinity of the 1.36 handle as we have for several sessions. That being the case, it appears that the...

AUD/USD Forecast June 4, 2014, Technical Analysis

by FX Empire | June 4, 2014 3:45 am
The AUD/USD pair rose during the session on Tuesday, breaking above the 0.9250 level. However, we gave back some of the gains late in the day, and as a result the market seems a little bit tepid...

USD/JPY Forecast June 3, 2014, Technical Analysis

by FX Empire | June 3, 2014 7:57 am
The USD/JPY pair broke out to the upside during the session on Monday, essentially cracking the top of a couple of hammers from last week. We are testing the 102.50 level at the moment, and thereby we...

USD/CAD Forecast June 3, 2014, Technical Analysis

by FX Empire | June 3, 2014 7:56 am
The USD/CAD pair shot straight up during the session on Monday, piercing the 1.09 level. With that, we feel that the market is testing the highs of the most recent consolidation area, thereby suggesting that perhaps we...

GBP/USD Forecast June 3, 2014, Technical Analysis

by FX Empire | June 3, 2014 7:55 am
The GBP/USD pair fell during the session initially on Monday, but bounced enough off of the 1.67 level in order to form a hammer. We believe that this market is finding enough support near that we will...

EUR/USD Forecast June 3, 2014, Technical Analysis

by FX Empire | June 3, 2014 7:55 am
The EUR/USD pair fell during the course of the session on Monday, dipping below the 1.36 level at one point in time. The market looks like it’s ready to continue going lower, perhaps down to the 1.35...

AUD/USD Forecast June 3, 2014, Technical Analysis

by FX Empire | June 3, 2014 7:54 am
The AUD/USD pair fell during the course of the session on Monday, but found the 0.9250 level to be supportive enough to cause the market to stop falling. There is a support “zone” going all the way...

USD/JPY Forecast May 30, 2014, Technical Analysis

by FX Empire | May 30, 2014 6:50 am
The USD/JPY pair initially fell during the session on Thursday, but bounced enough to form a perfect hammer. This hammer suggests that the buyers are in fact still underneath there, and as a result we believe a...