EUR/USD Forecast May 23, 2013, Technical Analysis

by FX Empire | May 23, 2013 5:12 am
The EUR/USD pair initially rallied during the Wednesday session, but as you can see the 1.30 level brought out a lot of sellers, and we close much lower. This massive shooting star of course suggests significant weakness,...

AUD/USD Forecast May 23, 2013, Technical Analysis

by FX Empire | May 23, 2013 5:11 am
The AUD/USD pair fell during the session on Wednesday as the market found the 0.9650 support level. This area is a significant support level on the longer-term charts as well, so the bounce of course would not...

USD/JPY Forecast May 22, 2013, Technical Analysis

by FX Empire | May 22, 2013 7:51 am
The USD/JPY pair managed to make a small amount of gains during the session on Tuesday, and by giving back some of it, the pair formed a bit of a shooting star. However, we still see plenty...

USD/CAD Forecast May 22, 2013, Technical Analysis

by FX Empire | May 22, 2013 7:50 am
The USD/CAD pair rallied during the session on Tuesday, breaking above the 1.03 level yet again. However, the level offers enough resistance that the market is struggling with the area.

GBP/USD Forecast May 22, 2013, Technical Analysis

by FX Empire | May 22, 2013 7:49 am
The GBP/USD pair fell rather sharply during the session on Tuesday, as the 1.5250 reaching yet again caused quite a bit of resistance. This pair looks like it’s ready to continue lower, and as a result we...

EUR/USD Forecast May 22, 2013, Technical Analysis

by FX Empire | May 22, 2013 7:48 am
The EUR/USD pair went back and forth during the session on Tuesday, essentially forming a hammer at the end of the day. The hammer sits on the 1.29 level at the moment, so this does suggest that...

AUD/USD Forecast May 22, 2013, Technical Analysis

by FX Empire | May 22, 2013 7:47 am
The AUD/USD pair went back and forth during the session on Tuesday, eventually forming a hammer. The hammer is focused around the 0.98 handle, and as a result we think that this pair will more than likely...

USD/JPY Forecast May 21, Technical Analysis

by FX Empire | May 21, 2013 5:26 am
The USD/JPY pair had a negative session on Monday, falling down to the 102 handle. However, that area did hold and we suspect that there is a significant amount of support in the general vicinity.

USD/CAD Forecast May 21, 2013, Technical Analysis

by FX Empire | May 21, 2013 5:25 am
The USD/CAD pair fell during the session on Monday, as the 1.03 level offered resistance again. The candle does look rather negative, but it did not wipe out the gains from the Friday session, meaning that we...

GBP/USD Forecast May 21, 2013, Technical Analysis

by FX Empire | May 21, 2013 5:24 am
The GBP/USD pair had a positive showing on Monday, breaking above the 1.5250 level at one point during the session. You can see that the market is hovering right around that area, but quite frankly we suspect...