USD/CAD Forecast March 17, 2014, Technical Analysis

by FX Empire | March 15, 2014 1:54 pm
The USD/CAD pair rose slightly during the session on Friday, but quite frankly didn’t impress one way or the other. This market looks like it still stuck in consolidation, as we continue to hover around the 1.11...

GBP/USD Forecast March 17, 2014, Technical Analysis

by FX Empire | March 15, 2014 1:54 pm
The GBP/USD pair initially fell during the session on Friday, but as you can see bounced enough to form a hammer. With this, it appears that the market will continue to consolidate between here and the 1.68...

EUR/USD Forecast March 17, 2014, Technical Analysis

by FX Empire | March 15, 2014 1:53 pm
The EUR/USD pair rose during the session on Friday, but remains stuck to the 1.39 handle. This market looks as if it wants to continue to grind in this general vicinity, but right now we are at...

AUD/USD Forecast March 17, 2014, Technical Analysis

by FX Empire | March 15, 2014 1:52 pm
The AUD/USD pair went back and forth during the session on Friday, but as you can see we still sit just above the 0.90 level. In other words, this market really isn’t going anywhere fast. This is...

USD/JPY Forecast March 13, 2014, Technical Analysis

by FX Empire | March 13, 2014 6:54 am
The USD/JPY pair went back and forth during the session on Wednesday, essentially settling nothing. The area just below has been supportive in the past, so it would make sense that we would find buyers in this...

USD/CAD Forecast March 13, 2014, Technical Analysis

by FX Empire | March 13, 2014 6:53 am
The USD/CAD pair tried to break out to the upside, but pulled back enough to form a shooting star during the day on Wednesday. While this is normally a negative sign, we feel this is more or...

GBP/USD Forecast March 13, 2014, Technical Analysis

by FX Empire | March 13, 2014 6:53 am
The GBP/USD pair fell during the majority of the session on Wednesday, but as you can see bounced hard enough off the 1.66 level to form a nice-looking hammer. This hammer is at the bottom of the...

EUR/USD Forecast March 13, 2014, Technical Analysis

by FX Empire | March 13, 2014 6:52 am
The EUR/USD pair broke out to the upside after printing a hammer the previous day for the Wednesday session. However, we still remain below the downtrend line, which of course is from the monthly timeframe. That obviously...

AUD/USD Forecast March 13, 2014, Technical Analysis

by FX Empire | March 13, 2014 6:51 am
The AUD/USD pair fell initially during the session on Wednesday, but found enough support near the 0.8950 level to turn things back around and form a hammer. This hammer of course suggests that the market is going...

USD/JPY Forecast March 12, 2014, Technical Analysis

by FX Empire | March 12, 2014 5:39 am
The USD/JPY pair fell during the session on Tuesday, testing the 103 support level. This level of course has been massively resistive in the past, so it makes sense that would be supportive now. This represents a...