USD/JPY Forecast May 13, 2014, Technical Analysis

by FX Empire | May 13, 2014 5:31 am
The USD/JPY pair rose during the session on Monday, breaking out above the 102 level. This market bounced off of a trend line from the previous sessions, and as a result we feel that the market will...

USD/CAD Forecast May 13, 2014, Technical Analysis

by FX Empire | May 13, 2014 5:31 am
The USD/CAD pair fell initially during the session on Monday, but found enough support below to bounce and form a hammer. With that, we believe that this market should continue to go higher, and head to the...

GBP/USD Forecast May 13, 2014, Technical Analysis

by FX Empire | May 13, 2014 5:30 am
The GBP/USD pair tried to rally during the session on Monday, but found the way too much in the way of resistance above the 1.69 handle to hang onto those gains. That being the case, we ended...

AUD/USD Forecast May 13, 2014, Technical Analysis

by FX Empire | May 13, 2014 5:29 am
The AUD/USD pair did very little during the session on Monday, as it tried to rally but failed in the end. That failure formed a shooting star which of course is relatively negative. Nonetheless, we think that...

USD/JPY Forecast May 12, 2014, Technical Analysis

by FX Empire | May 10, 2014 5:26 am
The USD/JPY pair rose during the session on Friday, as the 101.50 level offered support yet again. On top of that, the uptrend line offered support also. That being the case, the market looks as if it’s...

USD/CAD Forecast May 12, 2014, Technical Analysis

by FX Empire | May 10, 2014 5:26 am
The USD/CAD pair rose during the session on Friday, breaking back above the 1.09 handle, which was a major support level. Because of this, the weekly candle is actually a hammer, so a break above the highs...

GBP/USD Forecast May 12, 2014, Technical Analysis

by FX Empire | May 10, 2014 5:24 am
The GBP/USD pair fell hard during the session on Friday, testing the 1.6850 level. This area offered a little bit of support, but we feel that the real support as down at the 1.68 handle. Because of...

EUR/USD Forecast May 12, 2014, Technical Analysis

by FX Empire | May 10, 2014 5:24 am
The EUR/USD pair fell like a stone during the session on Friday, as we just simply continue going lower. The market stopped at roughly the 1.3750 handle, an area that is somewhat supportive, but we believe that...

AUD/ USD Forecast May 12, 2014, Technical Analysis

by FX Empire | May 10, 2014 5:23 am
The AUD/USD pair fell during the bulk of the Friday session, but kept in a somewhat tight range. That being the case, we feel that the market will start buying on a break above the highs from...

USD/JPY Forecast May 9, 2014, Technical Analysis

by FX Empire | May 9, 2014 8:13 am
The USD/JPY pair fell during the bulk of the session on Thursday, testing the 101.50 support level. This support level also coincides with an uptrend line from longer-term charts, and as a result we think that this...