USD/JPY Forecast December 11, 2013, Technical Analysis
The USD/JPY pair fell during the session on Tuesday, but as you can see bounced a little bit towards the end of the day. We have now filled the gap from the weekend completely, and as a...
Author: FX Empire
USD/CAD Forecast December 11, 2013, Technical Analysis
The USD/CAD pair fell during the session on Tuesday, slamming into the 1.06 level, which of course acted as support. This is an area where we expect a lot of buying pressure to be had, going all...
GBP/USD Forecast December 11, 2013, Technical Analysis
The GBP/USD pair rose initially during the session on Tuesday, but as you can see ran into a bit of resistance in order to pull back and form a shooting star. That shooting star suggests that we...
EUR/USD Forecast December 11, 2013, Technical Analysis
The EUR/USD pair rose during the session on Tuesday, testing the 1.38 level for resistance. That level did in fact offer resistance, and as a result we ended up forming a shooting star. We do not feel...
AUD/USD Forecast December 11, 2013, Technical Analysis
The AUD/USD pair broke out to the upside during the session on Tuesday, closing at the 0.9150 level. However, it seems that the market is going to struggle in this area, and if we break the top...
USD/JPY Forecast December 10, 2013, Technical Analysis
The USD/JPY pair gapped higher at the open on Monday, but turned around and found support at the 103 level before bouncing even higher. The market ended up forming a hammer for the session, and as a...
GBP/USD Forecast December 10, 2013, Technical Analysis
The GBP/USD pair exploded to the upside during the session on Monday, but remains stuck just below the 1.6450 level yet again. This area is going to be a bit of a difficult area to get through,...
AUD/USD Forecast December 10, 2013, Technical Analysis
The AUD/USD pair did almost nothing during the session on Monday, continuing the consolidation that we’ve seen recently. The real question now is whether or not this is accumulation, or simply a bit of sideways action before...
USD/JPY Forecast December 9, 2013, Technical Analysis
The USD/JPY pair shot straight up during the session on Friday in response to the slightly better than anticipated jobs number out of the United States. This has the market looking for the Federal Reserve to taper...
USD/CAD Forecast December 9, 2013, Technical Analysis
The USD/CAD pair went back and forth during the session on Friday, in reaction to the nonfarm payroll numbers. This market looks like it’s essentially ready to go sideways for a little while longer, and the 1.06...