EUR/USD Forecast May 3, 2013, Technical Analysis

by FX Empire | May 3, 2013 4:48 am
The EUR/USD pair fell significantly during the session on Thursday after the rate cut coming out of the European Central Bank. Looking at this, you can see that the shooting star on Wednesday signaled that we could...

AUD/USD Forecast May 3, 2013, Technical Analysis

by FX Empire | May 3, 2013 4:47 am
The AUD/USD pair fell during the session on Thursday, but as you can see the 1.02 Regent continues to offer support. The bounce during the end of the session wasn’t exactly strong, but it was enough to...

USD/JPY Forecast May 1, 2013, Technical Analysis

by FX Empire | May 1, 2013 5:29 am
The USD/JPY pair fell during the session on Tuesday, breaking the bottom of a hammer from the Monday session. This is normally a very bearish sign, but quite frankly we don’t short this pair at all based...

USD/CAD Forecast May 1, 2013, Technical Analysis

by FX Empire | May 1, 2013 5:28 am
The USD/CAD pair fell during the session on Tuesday, breaking below the 1.01 handle for the first time in several weeks. Because of this, we feel that this market will continue much lower, and that we could...

GBP/USD Forecast May 1, 2013, Technical Analysis

by FX Empire | May 1, 2013 5:28 am
The GBP/USD pair rose during the session on Tuesday, breaking above the top of the shooting star from Monday as well. Having said that, we have clear the 1.5550 level during the session, but pulled back enough...

EUR/USD Forecast May 1, 2013, Technical Analysis

by FX Empire | May 1, 2013 5:26 am
The EUR/USD pair rose during the session on Tuesday, showing underlying strength as we approach the 1.32 level. The market has been bouncing around in the general vicinity of 1.30 – 1.32 for some time now, and...

AUD/USD Forecast May 1, 2013, Technical Analysis

by FX Empire | May 1, 2013 5:26 am
The AUD/USD pair rose during the session on Tuesday, but failed to crack above the 1.04 level, as we had anticipated. This area will continue to be resistance, as it is the “middle point” of a much...

USD/JPY Forecast April 29, 2013, Technical Analysis

by FX Empire | April 27, 2013 6:37 am
The USD/JPY pair fell during the session on Friday, as you can see on this chart. The fall was significant, and it does appear that the 100 level is going to give us quite a bit of...

USD/CAD Forecast April 29, 2013, Technical Analysis

by FX Empire | April 27, 2013 6:36 am
The USD/CAD pair fell during the session on Friday, searching for the 1.0150 level. When they got there, it found enough support to stop falling, but it does look like a pair that’s going to grind a...

GBP USD Forecast April 29, 2013, Technical Analysis

by FX Empire | April 27, 2013 4:54 am
The GBP/USD pair had another positive session on Friday, touching the 1.55 handle. However, that area continues to be far too resistive, and we do suspect based upon price action back in the middle of February that...