USD/CAD Forecast May 15, 2014, Technical Analysis

by FX Empire | May 15, 2014 4:30 am
The USD/CAD pair broke to the upside initially during the session on Wednesday, but fell back down below the 1.09 level. Ultimately, the market did find a bit of support though, and as a result of that...

GBP/USD Forecast May 15, 2014, Technical Analysis

by FX Empire | May 15, 2014 4:29 am
The GBP/USD pair rose initially during the session on Wednesday, but then fell apart and broke down below the 1.68 handle. However, there is still plenty of support in this general vicinity, and as a result we...

EUR/USD Forecast May 15, 2014, Technical Analysis

by FX Empire | May 15, 2014 4:29 am
The EUR/USD pair initially tried to rally, but Wednesday action sell the market fall down to the 1.37 level. This of course is a fairly weak looking candle as it is a shooting star. A break below...

AUD/USD Forecast May 15, 2014, Technical Analysis

by FX Empire | May 15, 2014 4:28 am
The AUD/USD pair broke to the upside during the session on Wednesday, but as you can see fell and formed a shooting star. The shooting star sits just above the sideways grind that we have been in...

USD/JPY Forecast May 14, 2014, Technical Analysis

by FX Empire | May 14, 2014 5:57 am
As you can see, the USD/JPY pair went back and forth during the session on Tuesday, but most importantly found support right around the 102 level. It isn’t really a hammer, but as you can see it...

USD/CAD Forecast May 14, 2014, Technical Analysis

by FX Empire | May 14, 2014 5:56 am
The USD/CAD pair went back and forth during the session on Tuesday, trying to breakout to the upside. However, the market fell a bit flat, but did stay above the 1.09 level. With that, we believe that...

GBP/USD Forecast May 14, 2014, Technical Analysis

by FX Empire | May 14, 2014 5:56 am
The GBP/USD pair broke down during the session on Tuesday, breaking the bottom of the shooting star that formed on Monday. While this would typically be a nice selling opportunity, the reality is that the 1.68 level...

EUR/USD Forecast May 14, 2014, Technical Analysis

by FX Empire | May 14, 2014 5:55 am
The EUR/USD pair initially tried to rally during the session on Tuesday, for broke down through the 1.3750 level solidly in order to test 1.37 level. The 1.37 level is in fact a significant barrier for the...

AUD/USD Forecast May 14, 2014, Technical Analysis

by FX Empire | May 14, 2014 5:55 am
The AUD/USD pair went back and forth during the session on Tuesday, continuing the sideways grind that we have seen for several days. If that’s the case, it still looks like we are going to go higher,...

EUR/USD Forecast May 13, 2014, Technical Analysis

by FX Empire | May 13, 2014 5:32 am
The EUR/USD pair did almost nothing during the session on Monday, as the market sits right on top of the 1.3750 level, an area that we know is supportive. That being the case, it appears that the...