USD/CAD Forecast May 21, 2014, Technical Analysis

by FX Empire | May 21, 2014 3:16 am
The USD/CAD pair rose during the session here on Tuesday, breaking to the 1.09 level. That level has been resistive lately, so a break above the top of this range for the day on Tuesday would be...

GBP/USD Forecast May 21, 2014, Technical Analysis

by FX Empire | May 21, 2014 3:15 am
The GBP/USD pair rose during the session on Tuesday, breaking the top of the shooting star for Monday. We are bullish of this market anyway, so it doesn’t surprise us that the buyers step back in. If...

EUR/USD Forecast May 21, 2014, Technical Analysis

by FX Empire | May 21, 2014 3:09 am
The EUR/USD pair fell during the bulk of the session on Tuesday, dipping below the 1.37 level yet again. However, by the end of the day we did in fact form a bit of a hammer, and...

AUD/USD Forecast May 21, 2014, Technical Analysis

by FX Empire | May 21, 2014 3:09 am
The AUD/USD pair broke through in uptrend line during the session on Tuesday. It slammed into the 0.9250 handle, which of course has been supportive as well. This area could be a significant test for the sellers,...

USD/JPY Forecast May 20, 2014, Technical Analysis

by FX Empire | May 20, 2014 2:27 am
The USD/JPY pair broke down below the 11.25 level, an area that has offered a significant amount of support during the session on Monday. However, we bounced high enough to form a hammer, his hammer of course...

USD/CAD Forecast May 20, 2014, Technical Analysis

by FX Empire | May 20, 2014 2:26 am
The USD/CAD pair initially fell during the session on Monday, but found enough support near the 1.0850 level in order to turn things back around and form a hammer. We believe that this is the significant support...

GBP/USD Forecast May 20, 2014, Technical Analysis

by FX Empire | May 20, 2014 2:24 am
GBP/USD initially tried to rally during the session on Monday, but turned back around and form a shooting star. Because of this, we feel that the market could have a short-term pullback, but at the end of...

EUR/USD Forecast May 20, 2014, Technical Analysis

by FX Empire | May 20, 2014 2:23 am
The EUR/USD pair tried to rally during the session on Monday, as the 1.37 level of course offered significant support yet again. However, you can see that a lot of selling pressure did in fact enter the...

AUD/USD Forecast May 20, 2014, Technical Analysis

by FX Empire | May 20, 2014 2:20 am
The AUD/USD pair fell hard during the session on Monday, but let’s keep in mind that we’re still well within the consolidation range. So while we fell hard in relation to the overall range of trading in...

USD/JPY Forecast May 19, 2014, Technical Analysis

by FX Empire | May 17, 2014 5:54 am
The USD/JPY pair went back on forth on Friday, but ultimately couldn’t make up its mind. The market sees plenty of support at the 101.25 level, and as a result it doesn’t surprise us that the market...