GBP/USD Forecast August 12, 2013, Technical Analysis

by FX Empire | August 10, 2013 10:00 am
The GBP/USD pair did very little on the Friday session, as we sit just above the 1.55 handle. This area of course is a significant round number, so of course we are not surprised see some type...

EUR/USD Forecast August 12, 2013, Technical Analysis

by FX Empire | August 10, 2013 9:59 am
The EUR/USD pair fell during the session on Friday, completing a bounce off of the downtrend line that is the top of the descending triangle that we have been in. That being the case, we feel that...

AUD/USD Forecast August 12, 2013, Technical Analysis

by FX Empire | August 10, 2013 9:58 am
The AUD/USD pair rose during the session on Friday, heading towards the 0.93 handle. That being the case, we feel that this market will more than likely try and find resistance in that general vicinity.

USD/JPY Forecast August 8, 2013, Technical Analysis

by FX Empire | August 8, 2013 6:15 am
The USD/JPY pair fell during the session on Wednesday, heading towards the 96.50 handle. However, you can see that there is a significant way to go to hit the 95 handle, the area that we think is...

USD/CAD Forecast August 8, 2013, Technical Analysis

by FX Empire | August 8, 2013 6:14 am
The USD/CAD pair rose above the 1.04 handle during the session on Wednesday, but as you can see stopped at the 1.0450 level. That being said, the market does look strong, but until we get a daily...

GBP/USD Forecast August 8, 2013, Technical Analysis

by FX Empire | August 8, 2013 6:13 am
The GBP/USD pair went back and forth during the session on Wednesday, as you can see slicing through a couple different areas. However, we start today just under the 1.55 handle, so it’s easy to understand that...

EUR/USD Forecast August 8, 2013, Technical Analysis

by FX Empire | August 8, 2013 6:12 am
The EUR/USD pair fell initially during the session on Wednesday, but as you can see found enough support in order to form a hammer. This hammer was pressing up against the downtrend line of a larger descending...

AUD/USD Forecast August 8, 2013, Technical Analysis

by FX Empire | August 8, 2013 6:11 am
The AUD/USD pair fell during the session on Wednesday, but as you can see bounced enough to go back to the 0.90 handle. The resulting hammer suggests that the market is going to go higher from here,...

USD/JPY Forecast August 7, 2013, Technical Analysis

by FX Empire | August 7, 2013 6:10 am
The USD/JPY pair fell during the session on Tuesday, breaking below the 98 handle. However, you could plainly see that there is still plenty of support below that big figure, and as a result the market could...

USD/CAD Forecast August 7, 2013, Technical Analysis

by FX Empire | August 7, 2013 6:10 am
USD/CAD pair rose during the session on Tuesday, but as you can see could not break above the 1.04 handle, which of course means that it will struggle to go higher. In fact, we still want to...