EUR/USD Forecast May 7, 2013, Technical Analysis
The EUR/USD pair fell during the session on Monday, but as you can see bounced of the 200 day moving average. The 200 day EMA has been flat for some time, and as a result trend traders...
Author: FX Empire
AUD/USD Forecast May 7, 2013, Technical Analysis
The AUD/USD pair fell during the session on Monday, but bounced towards the end of the day just above the 1.02 support level. This level has been rather supportive lately, and as a result we are not...
USD/JPY Forecast May 6, 2013, Technical Analysis
The USD/JPY pair rose during the session after a very strong jobs report for the month of April, as the US employment situation turned out to be much stronger than anticipated.
USD/CAD Forecast May 6, 2013, Technical Analysis
The USD/CAD pair fell during the session on Friday, after first gaining. The better-than-expected nonfarm payroll number out of the United States of course gave steam for this breakdown, as the Canadian dollar tends to do well...
GBP/USD Forecast May 6, 2013, Technical Analysis
GBP/USD went back and forth during the session on Friday, testing the 1.55 level for support and proving it to be so. The 1.56 level offered resistance again, and as a result it looks like we are...
EUR/USD Forecast May 6, 2013, Technical Analysis
The EUR/USD pair went back and forth during the session as you would expect on a nonfarm payroll Friday, it ended the day slightly positive. The market did close above the 1.31 handle, and in and of...
AUD/USD Forecast May 6, 2013, Technical Analysis
The AUD/USD pair rose during the session on Friday, showing extreme strength after forming a hammer on Thursday. The Australian dollar did follow its New Zealand cousin, and as a result it appears that the commodity currencies...
USD/JPY Forecast May 3, 2013, Technical Analysis
The USD/JPY pair had a positive showing on Thursday, as we bounced off of the 97 handle again. This area has been reasonable support lately, and as a result this bounce doesn’t overly surprise us.
USD/CAD Forecast May 3, 2013, Technical Analysis
The USD/CAD pair rose during the session on Thursday, breaking above the 1.01 handle again. This essentially violated the top of the shooting star from the session on Wednesday, so this simply shows more confusion. This area...
GBP/USD Forecast May 3, 2013, Technical Analysis
The GBP/USD pair fell during the session on Thursday, but found enough support at the 1.55 level in order to become somewhat supportive looking. This market looks like it wants to go higher, but it will be...