GBP/USD Forecast May 1, 2014, Technical Analysis

by FX Empire | May 1, 2014 2:39 am
The GBP/USD pair broke out to the upside during the session on Wednesday, and as a result we feel that the next leg higher has started. This should send this market to the 1.70 handle given enough...

EUR/USD Forecast May 1, 2014, Technical Analysis

by FX Empire | May 1, 2014 2:38 am
The EUR/USD pair initially fell during the session on Wednesday, touching as low as 1.3770 by the time we turned back around and close much higher. Part of this would’ve been the Federal Reserve announcing that the...

AUD/USD Forecast May 1, 2014, Technical Analysis

by FX Empire | May 1, 2014 2:33 am
The AUD/USD pair went back and forth on Wednesday, but proved the 0.9250 level to be supportive. With that being the case, we feel that the market will continue to go higher, and a break above the...

USD/JPY Forecast April 30, 2014, Technical Analysis

by FX Empire | April 30, 2014 2:41 am
The USD/JPY pair initially tried to rally during the session on Tuesday, but as you can see we found a quite a bit of resistance above, sending the market back down and forming a shooting star. While...

USD/CAD Forecast April 30, 2014, Technical Analysis

by FX Empire | April 30, 2014 2:40 am
The USD/CAD pair fell hard during the session on Tuesday, slicing through the 1.10 handle. However, there is still plenty of support all the way to the 1.09 handle, so although the candle looks very bearish, we...

GBP/USD Forecast April 30, 2014, Technical Analysis

by FX Empire | April 30, 2014 2:39 am
The GBP/USD pair tried to rally during the session on Tuesday, but as you can see giveback some of the gains. We’re still well within the consolidation area, so we really don’t see much in the way...

EUR/USD Forecast April 30, 2014, Technical Analysis

by FX Empire | April 30, 2014 2:39 am
The EUR/USD pair tried to rally during the session on Tuesday, but found enough resistance above to turn things back around and fall. The market close towards the lows of the day, basically predicated upon buying the...

AUD/USD Forecast April 30, 2014, Technical Analysis

by FX Empire | April 30, 2014 2:38 am
The AUD/USD pair fell during the bulk of the session on Tuesday, but found enough support below the 0.9250 level to form a hammer. This hammer is immediately preceded by a shooting star, so we feel that...

USD/JPY Forecast April 29, 2014, Technical Analysis

by FX Empire | April 29, 2014 4:49 am
The USD/JPY pair rose during the bulk of the session on Monday, breaking above the 102.50 handle. We did give back a little bit towards the end of the day, but it does in fact look like...

USD/CAD Forecast April 29, 2014, Technical Analysis

by FX Empire | April 29, 2014 4:49 am
The USD/CAD pair initially fell on Monday, but finds the 1.10 level to be supportive yet again. With that, we feel that the market should continue to meander around this area, and we feel that it is...