EUR/USD Forecast May 9, 2013, Technical Analysis
The EUR/USD pair had a strong showing during the session on Wednesday, but most importantly could not break above the 1.32 resistance level that has contained the pair for some time now.
Author: FX Empire
AUD/USD Forecast May 9, 2013, Technical Analysis
The AUD/USD pair initially rallied during the session on Wednesday, but as you can see the 1.02 level did offer enough resistance in order to form a shooting star. This shooting star is at the bottom of...
USD/JPY Forecast May 8, 2013, Technical Analysis
The USD/JPY pair fell during the session on Tuesday, but just barely sell. The 99 handle offered support, and as you can see stopped any significant selloff. In our opinion, this is a “buy only” market place,...
USD/CAD Forecast May 8, 2013, Technical Analysis
The USD/CAD pair fell during the session on Tuesday again, but still remained above the all-important parity level. Because of this, we don’t essentially see much in the way of trading this market, but do understand that...
GBP/USD Forecast May 8, 2013, Technical Analysis
The GBP/USD pair fell on Tuesday, breaking below the 1.55 level. The market continues to grind away though, and as you can see support came back into the marketplace and push prices up a bit from the...
EUR/USD Forecast May 8, 2013, Technical Analysis
The EUR/USD continues to grind away sideways, stuck in a consolidation area between the 1.30 handle, and the 1.32 level. With that being the case, this is not an easy currency pair to trade unless you’re going...
AUD/USD Forecast May 8, 2013, Technical Analysis
The AUD/USD pair fell during the session on Tuesday, breaking below the 1.02 level for the first time in what seems like ages. This would’ve been predicated mainly upon the Reserve Bank of Australia cutting rates down...
USD/JPY Forecast May 7, 2013, Technical Analysis
The USD/JPY pair did very little during the session on Monday, as markets overall were fairly calm. This particular pair continues to grind just below the 100 handle, which has obviously been very resistant lately.
USD/CAD Forecast May 7, 2013, Technical Analysis
The USD/CAD pair fell during the session after initially trying to rally. The 1.00 level below still offers a “trigger” for more sell orders, and as you can see the market simply is grinding at this point....
GBP/USD Forecast May 7, 2013, Technical Analysis
The GBP/USD pair went back and forth during the session on Monday, remaining above the 1.55 support level. This market has essentially done nothing over the last couple of sessions, and appears to be quite comfortable just...