GBP/USD Forecast November 22, 2013, Technical Analysis

by FX Empire | November 22, 2013 5:11 am
The GBP/USD pair initially fell during the session on Thursday, but shot straight up in order to slam into the 1.6050 level. This area should be resistive, though, so we think that although the market looks a...

USD/CAD Forecast November 22, 2013, Technical Analysis

by FX Empire | November 22, 2013 5:09 am
The USD/CAD pair rose during the session on Thursday, testing the outer limits of resistance. This consolidation area looks like it’s getting ready to be broken above, and as a result a break above the highs from...

EUR/USD Forecast November 22, 2013, Technical Analysis

by FX Empire | November 22, 2013 5:07 am
The EUR/USD pair initially fell during the session on Thursday, but bounced hard enough to test the 1.35 handle by the end of the day. This market will continue to go back and forth, but we feel...

AUD/USD Forecast November 22, 2013, Technical Analysis

by FX Empire | November 22, 2013 5:05 am
The AUD/USD pair fell during the session on Thursday, but as you can see bounced slightly from the very lows. Nonetheless, we are closing below the 0.9250 handle, and as a result a break of the lows...

USD/JPY Forecast November 21, 2013, Technical Analysis

by FX Empire | November 21, 2013 9:14 am
The USD/JPY pair fell during the session on Wednesday, but bounced enough to form a hammer just below the 100 level. With that being the case, it appears the market is still trying to form a little...

USD/CAD Forecast November 21, 2013, Technical Analysis

by FX Empire | November 21, 2013 9:13 am
The USD/CAD pair went back and forth during the session on Wednesday, showing real indecisiveness in this marketplace. The market has a 100 PIP range roughly at this point time, and that being the case the market...

GBP/USD Forecast November 21, 2013, Technical Analysis

by FX Empire | November 21, 2013 9:12 am
The GBP/USD pair attempted to rally during the session on Wednesday, but as you can see failed just below the 1.62 handle in order to turn around and form a shooting star. The shooting star is right...

AUD/USD Forecast November 21, 2013, Technical Analysis

by FX Empire | November 21, 2013 9:12 am
The AUD/USD pair fell hard during the session on Wednesday, breaking the bottom of the range that we saw during the Tuesday session. As we plow into the supportive area though, we still have to get below...

EUR/USD Forecast November 21, 2013, Technical Analysis

by FX Empire | November 21, 2013 9:11 am
The EUR/USD pair fell during the session on Wednesday, as it was revealed that the ECB could do a small rate cut if needed in the future. Because of this, and appears of the Euro will continue...

USD/JPY Forecast November 20, 2013, technical analysis

by FX Empire | November 20, 2013 5:46 am
The USD/JPY pair initially fell during the session on Tuesday, but as you can see the 99.50 level offered enough support in order to bounce the market higher, and form a hammer. The market closing above the...