AUD/USD Forecast December 16, 2013, Technical Analysis
The AUD/USD pair bounced during the session on Friday, but as you can see is still well below the 0.90 level. That area should offer a bit of resistance, and as a result we would not take...
Author: FX Empire
USD/JPY Forecast December 13, 2013, Technical Analysis
The USD/JPY pair shot straight up during the session on Thursday, and tested the 103.50 resistance area. Because of this, we feel that the Japanese yen will continue to weaken overall, and that buying this pair is...
USD/CAD Forecast December 13, 2013, Technical Analysis
The USD/CAD pair initially fell during the session on Thursday, but got enough of a bounce just above the 1.0550 level in order to shoot much higher, and go back above the 1.06 handle. The highs of...
GBP/USD Forecast December 13, 2013, Technical Analysis
The GBP/USD pair tried to rally during the session on Thursday, but failed to hang onto the gains and started falling later in the day. As you can see, we formed a little bit of a shooting...
EUR/USD Forecast December 13, 2013, Technical Analysis
The EUR/USD pair had a negative session on Thursday, testing the 1.3750 level as support. The 1.38 level above has acted as resistance, so a pullback could be coming. Nonetheless, we think that is simply going to...
AUD/ USD Forecast December 13, 2013, Technical Analysis
The AUD/USD pair initially rallied slightly on Thursday, but fell hard below the 0.90 level in order to signal that we are going much lower. This support area didn’t hold at all, and as a result we...
USD/JPY Forecast December 12, 2013, Technical Analysis
The USD/JPY pair fell during the bulk of the session on Wednesday, but found the 102 level be supportive enough to cause a slight bounce at the end of the session. We are still well within the...
USD/CAD Forecast December 12, 2013, Technical Analysis
The USD/CAD pair fell during the session after initially going higher on Tuesday, breaking below the 1.06 handle. However, we feel that there is a lot of support below, even as low as 1.05 handle, and as...
GBP/USD Forecast December 12, 2013, Technical Analysis
The GBP/USD pair fell hard during the session on Wednesday, but found the 1.6350 level be supportive yet again. Because of this, we feel that the British pound is essentially “on sale”, and as a result would...
AUD/USD Forecast December 12, 2013, Technical Analysis
The AUD/USD pair fell hard during the session on Wednesday, closing at the very lows of the range. We still see significant support in the neighborhood of 0.90, so it’s a bit difficult to short in this...