EUR/USD Forecast June 4, 2013, Technical Analysis

by FX Empire | June 4, 2013 8:41 am
The EUR/USD pair initially fell during the session on Monday, but as you can see rocketed through the 1.30 level later in the day. That being the case, we have completely cleared resistance that we were worried...

AUD/USD Forecast June 4, 2013, Technical Analysis

by FX Empire | June 4, 2013 8:39 am
The AUD/USD pair shot straight up during the session on Monday as the ISM numbers out of United States came in below 50, signaling that there could be some contraction in the economy.

USD/JPY Forecast June 3, 2013, Technical Analysis

by FX Empire | June 1, 2013 7:30 am
The USD/JPY sold off during the session on Friday, but as you can see we closed above the 100 handle. The 100 handle was the top of a significant ascending triangle that sent this market much higher.

USD/CAD Forecast June 3, 2013, Technical Analysis

by FX Empire | June 1, 2013 7:29 am
The USD/CAD pair rose during the session on Friday, finding the 1.03 level supportive. Looking at this candle, you can see that there was plenty of support for the move during the day, but the 1.04 level...

GBP/USD Forecast June 3, 2013, Technical Analysis

by FX Empire | June 1, 2013 7:28 am
The GBP/USD pair fell during the balance of the session on Friday, but as you can see bounced enough to form a hammer. Interestingly enough, not only is the daily candle a hammer, but so is the...

EUR/USD Forecast June 3, 2013, Technical Analysis

by FX Empire | June 1, 2013 7:27 am
The EUR/USD pair fell during the session on Friday, but found support down at the 1.2950 range. We bounced from there, and closed right at the 1.30 handle. The shape of the candle is a hammer, in...

AUD/USD Forecast June 3, 2013, Technical Analysis

by FX Empire | June 1, 2013 7:26 am
The AUD/USD pair fell hard during the Friday session, but as you can see bounced at the very end of the day. However, it looks like this market is trying to break down, and in this general...

USD/JPY Forecast May 31, 2013, Technical Analysis

by FX Empire | May 31, 2013 8:34 am
The USD/JPY pair initially rallied during the session on Thursday, but as you can see it fell back down to form a shooting star. The shooting star is typically a very negative sign, but the reality is...

USD/CAD Forecast May 31, 2013, Technical Analysis

by FX Empire | May 31, 2013 8:33 am
The USD/CAD pair fell rather drastically during the session on Thursday after initially trying to rally. The market is cracking the 1.03 level as we write this story, so at this point in time it does look...

GBP/USD Forecast May 31, 2013, Technical Analysis

by FX Empire | May 31, 2013 8:32 am
The GBP/USD pair had a very strong showing on Thursday, breaking out and shooting towards the 1.5250 handle. We did managed to break above that level for the session, but without a doubt showed a strong candle...