USD/CAD Forecast April 10, 2013, Technical Analysis

by FX Empire | April 10, 2013 6:30 am
The USD/CAD pair went back and forth during the session, initially falling on Tuesday but found enough support to form a hammer. This hammer is preceded by two shooting stars, so looks like the market is ready...

GBP/USD Forecast April 10, 2013, Technical Analysis

by FX Empire | April 10, 2013 6:29 am
The GBP/USD pair had a positive session during the Tuesday trading hours as the 1.5250 acted as support. In fact, we reclaimed almost 100% of the losses on Monday, making this a significant retest of previous resistance...

EUR/USD Forecast April 10, 2013, Technical Analysis

by FX Empire | April 10, 2013 6:26 am
The EUR/USD pair had a positive session on Tuesday as we managed to break not only above the 1.30 handle decisively, but the 50 day exponential moving averages well. However, we found the 1.31 level as a...

AUD/USD Forecast April 10, 2013, Technical Analysis

by FX Empire | April 10, 2013 6:25 am
The AUD/USD pair had a strong showing on Tuesday as we managed to break above the 1.05 level again. This level however acted as resistance, and as a result we are just basically closing right at it.

USD/JPY Forecast April 9, 2013, Technical Analysis

by FX Empire | April 9, 2013 5:56 am
The USD/JPY pair initially fell during the Monday session, but as you can see we have continue much higher, probably much higher than most market participants would’ve imagined as we close the day at the highs of...

USD/CAD Forecast April 9, 2013, Technical Analysis

by FX Empire | April 9, 2013 5:55 am
The USD/CAD pair gained during most of the session on Monday, but as you can see on the chart found far too much resistance of the 1.02 level in order to continue going higher. In fact, by...

GBP/USD Forecast April 9, 2013, Technical Analysis

by FX Empire | April 9, 2013 5:55 am
The GBP/USD pair fell during the session on Monday, but as you can see the 1.5250 level offered enough support to keep the market above it. This is the area that had been so resistive previously, so...

EUR/USD Forecast April 9, 2013, Technical Analysis

by FX Empire | April 9, 2013 5:54 am
The EUR/USD pair had a back and forth session on Monday, hovering around the 1.30 handle. This is an area that we thought that the Euro could run into trouble, and we have to admit that the...

AUD/USD Forecast April 9, 2013, Technical Analysis

by FX Empire | April 9, 2013 5:53 am
The AUD/USD pair shot straight up during the session on Monday, closing the gap down that we saw at the open. In fact, we managed to go above the gap, and close above the 1.04 level. However,...

USD/JPY Forecast April 8, 2013, Technical Analysis

by FX Empire | April 6, 2013 5:38 am
The USD/JPY pair initially fell during the Friday session, but buyers stepped in to pick this pair back up after a week nonfarm payroll number. Within this chart, it’s obvious that we have broken out above the...