USD/CAD Forecast May 9, 2014, Technical Analysis

by FX Empire | May 9, 2014 8:12 am
The USD/CAD pair fell hard during the session on Thursday, breaking below the recent low during early April. With that, it appears that the market is ready to drift down to the next major support area which...

GBP/USD Forecast May 9, 2014, Technical Analysis

by FX Empire | May 9, 2014 8:12 am
The GBP/USD pair went back and forth during the session on Thursday, forming a relatively neutral candle with a slightly negative bias. At the end of the day though, we are only buying this pair, and not...

EUR/USD Forecast May 9, 2014, Technical Analysis

by FX Empire | May 9, 2014 8:11 am
The EUR/USD pair tried to rally during the session on Thursday, mainly predicated upon the fact that the statement from the ECB failed to mention any type of immediate actions to quell the rise of the Euro....

AUD/USD Forecast May 9, 2014, Technical Analysis

by FX Empire | May 9, 2014 8:11 am
The AUD/USD pair rose during the session on Thursday, breaking out and above the 0.9350 handle. That area has been resistive recently, and the fact that we broke above there is very bullish indeed. Because of this,...

USD/JPY Forecast May 8, 2014, Technical Analysis

by FX Empire | May 8, 2014 7:29 am
The USD/JPY pair initially fell during the session on Wednesday, but found support at the 101.50 level yet again. On top of that supportive area, we also had an uptrend line that was tested during the session,...

USD/CAD Forecast May 8, 2014, Technical Analysis

by FX Empire | May 8, 2014 7:28 am
The USD/CAD pair did very little during the session on Wednesday, as we continued to bounce around the 1.0980 level. This area has been rather supportive, as it is the bottom of the larger consolidation area. Because...

GBP/USD Forecast May 8, 2014, Technical Analysis

by FX Empire | May 8, 2014 7:27 am
The GBP/USD pair fell slightly during the session on Wednesday, as the 1.70 level continues to offer resistance. This was a longer-term target of ours, and as a result we were happy to get out of the...

EUR/USD Forecast May 8, 2014, Technical Analysis

by FX Empire | May 8, 2014 7:27 am
The EUR/USD pair initially rose during the session on Wednesday, but ended up falling. With that being the case, looks like the markets ready to pull back slightly in this makes sense of course with the ECB...

AUD/USD Forecast May 8, 2014, Technical Analysis

by FX Empire | May 8, 2014 7:25 am
The AUD/USD pair fell during the session on Wednesday, but ultimately found a little bit of support around the 0.93 level. Above there, the market push back up and we ended up forming a hammer. A break...

USD/JPY Forecast May 7, 2014, Technical Analysis

by FX Empire | May 7, 2014 4:59 am
The USD/JPY pair fell rather hard during the session on Tuesday, slamming into an uptrend line that has been in effect for several months now. On top of that, the 101.50 level is massive support as well....