GBP/USD Forecast October 28, 2013, Technical Analysis

by FX Empire | October 28, 2013 3:00 am
The GBP/USD pair rose during the session initially on Friday, but as you can see has formed a shooting star at the close. This of course signifies weakness, but we do not believe that this market going...

EUR/USD Forecast October 28, 2013, Technical Analysis

by FX Empire | October 28, 2013 2:59 am
The EUR/USD pair did almost nothing during the session on Friday, hovering around the 1.38 handle again. Looks like the markets trying to take a little bit of a breather here, which makes sense considering we have...

AUD/USD Forecast October 28, 2013, Technical Analysis

by FX Empire | October 28, 2013 2:58 am
The AUD/USD pair fell during the session on Friday, but as you can see is starting to slow its descent. We still believe that there is a significant amount of support below, namely at the 0.95 handle.

USD/JPY Forecast October 25, 2013, Technical Analysis

by FX Empire | October 25, 2013 5:57 am
The USD/JPY pair fell slightly during the session on Thursday, but as you can see remains above the 97 handle. This area is often a little bit of support, and as a result we think that this...

USD/CAD Forecast October 25, 2013, Technical Analysis

by FX Empire | October 25, 2013 5:56 am
The USD/CAD pair broke higher during the session on Thursday, closing well above the 1.04 handle. This is the signal that we’ve been looking for, and as a result we are willing to buy this pair now...

GBP/USD Forecast October 25, 2013, Technical Analysis

by FX Empire | October 25, 2013 5:56 am
The GBP/USD pair went back and forth during the session on Thursday again, hugging the 1.62 level as the market seems to be attracted to it. This is resistance that we have to get over, and we...

EUR/USD Forecast October 25, 2013, Technical Analysis

by FX Empire | October 25, 2013 5:55 am
The EUR/USD pair rose during the session on Thursday, breaking the 1.38 handle during the day. However, we could not hang onto the gains above there, and therefore forward a bit of the shooting star.

AUD/USD Forecast October 25, 2013, Technical Analysis

by FX Empire | October 25, 2013 5:54 am
The AUD/USD pair fell during the session on Thursday gain, but as you can see bounced as we got below the 0.96 handle. This area is offering a little bit of support, and as a result we...

USD/JPY Forecast October 24, 2013, Technical Analysis

by FX Empire | October 24, 2013 7:38 am
The USD/JPY pair fell hard during the session on Wednesday, breaking down to the 97 handle. That being the case, it appears of this market is trying to find some type of support in this general vicinity,...

USD/CAD Forecast October 24, 2013, Technical Analysis

by FX Empire | October 24, 2013 7:37 am
The USD/CAD pair shot straight up during the session on Wednesday as you can see, but found the 1.04 level rather resistive. This essentially carves out the consolidation area that we had anticipated being there, and as...