USD/CAD Forecast March 12, 2013, Technical Analysis

by FX Empire | March 12, 2013 5:07 am
The USD/CAD pair fell during the session on Monday, but only slightly. We are still above the 1.0250 level, and as a result we haven’t even broken the bottom of the hammer from Friday. This hammer should...

GBP/USD Forecast March 12, 2013, Technical Analysis

by FX Empire | March 12, 2013 5:07 am
The GBP/USD pair went back and forth during the Monday session, essentially closing unchanged. We are bounce around just above the 1.49 level, an area that could cause a bit of support as it is a “big...

EUR/USD Forecast March 12, 2013, Technical Analysis

by FX Empire | March 12, 2013 5:06 am
EUR/USD pair rose during the session on Monday, showing that the 1.30 area is going to continue to be massively stubborn. The support area continues to confound the sellers, and start a serious range of support all...

AUD/USD Forecast March 12, 2013, Technical Analysis

by FX Empire | March 12, 2013 5:05 am
The AUD/USD pair had a strong showing on Monday, as the 1.02 level offered support yet again. It appears that we are trying to form a little bit of a base at this point in time, and...

USD/JPY Forecast March 11, 2013, Technical Analysis

by FX Empire | March 9, 2013 8:37 am
The USD/JPY pair broke above the 95 handle during the session on Friday, after the United States announced that it had added 265,000 jobs in the month of February. This is a typical “risk on” type of...

USD/CAD Forecast March 11, 2013, Technical Analysis

by FX Empire | March 9, 2013 8:36 am
The USD/CAD pair fell during the session on Friday, but as you can see bounced in order to form a hammer. This hammer is essentially revolving around the 1.03 level, and does look supportive. However, we need...

GBP/USD Forecast March 11, 2013, Technical Analysis

by FX Empire | March 9, 2013 8:35 am
The GBP/USD pair broke through the 1.50 support level during the session on Friday, showing a new leg lower in this marketplace. This was predicated mainly upon the Americans announcing that they added 265,000 jobs during the...

EUR/USD Forecast March 11, 2013, Technical Analysis

by FX Empire | March 9, 2013 8:34 am
The EUR/USD pair fell during the session on Friday as the nonfarm payroll numbers in America came out as adding 265,000 jobs in the month of February. The pair features a Euro that is struggling overall, and...

AUD/USD Forecast March 11, 2013, Technical Analysis

by FX Empire | March 9, 2013 8:32 am
The AUD/USD pair fell during the session on Friday, but found the 1.02 level as supportive. This area is vital for the strength of the Australian dollar to continue over the long run. The 1.02 level is...

USD/JPY Forecast March 7, 2013, Technical Analysis

by FX Empire | March 7, 2013 4:54 am
The USD/JPY pair shot straight up during the session on Tuesday in anticipation for the early Thursday morning Bank of Japan meeting. There should be some continuation of the ultra-dovish outlook by the central bank, and as...