USD/CAD Forecast January 21, 2014, Technical Analysis

by FX Empire | January 21, 2014 5:24 am
The USD/CAD pair initially fell during the session on Monday, but as you can see bounced towards the end of the day in order to form a hammer. This hammer of course suggests bullishness, but we still...

GBP/USD Forecast January 21, 2014, Technical Analysis

by FX Empire | January 21, 2014 5:22 am
The GBP/USD pair went back and forth during the session on Monday, essentially settling nothing. However, we believe that this pair has an upward tilt to it, and as a result we believe that buying this pair...

EUR/USD Forecast January 21, Technical Analysis

by FX Empire | January 21, 2014 5:21 am
The EUR/USD pair fell all the to down to the 1.35 handle during the session on Monday, but found enough support in order to bounce back above the 1.3550 level, and thereby showing a rather supportive candle....

AUD/USD Forecast January 21, 2014, Technical Analysis

by FX Empire | January 21, 2014 5:19 am
The AUD/USD pair rose during the session on Monday, but as you can see found the 0.88 level as resistance. This makes sense to us, as it was previous support, and thereby has been “retested.” Because of...

AUD/USD Technical Analysis – January 21, 2014 Forecast

by FX Empire | January 21, 2014 5:19 am
An oversold market, thin trading conditions and good economic data from China helped drive the AUD/USD higher on Monday. With the U.S. on bank holiday, the major players were out of the market, allowing counter-trend buyers to...

USD/JPY Forecast January 20, 2014, Technical Analysis

by FX Empire | January 18, 2014 3:14 am
The USD/JPY pair did very little during the session on Friday as there was no real news to move the market in either direction. That being said, we still believe that the 105 level is the area...

USD/CAD Forecast January 20, 2014, Technical Analysis

by FX Empire | January 18, 2014 3:13 am
The USD/CAD pair rose during the session on Friday slamming back into the 1.10 resistance area. This area does look like it’s about to give way though, so we feel that a daily close above this handle...

GBP/USD Forecast January 20, 2014, Technical Analysis

by FX Empire | January 18, 2014 3:13 am
The GBP/USD pair rose during the session on Friday, but did not break above the 1.65 resistance area. Because of this, we are not overly bullish yet, but do recognize the fact that the pair is more...

EUR/USD Forecast January 20, 2014, Technical Analysis

by FX Empire | January 18, 2014 3:12 am
The EUR/USD pair fell hard during the session on Friday, smashing through the 1.3550 support area. However, we think this area has support all the way down to the major handle in 1.35, so we are not...

AUD/USD Forecast January 20, 2014, Technical Analysis

by FX Empire | January 18, 2014 3:11 am
The AUD/USD pair fell hard during the session on Friday, clearing the 0.88 handle with the ease. Because of this, the market looks like it’s going to serve falling apart again, and therefore we feel that this...