GBP/USD Forecast January 21, 2013, Technical Analysis

by FX Empire | January 19, 2013 5:50 am
The GBP/USD pair fell extremely hard during the session on Friday in order to test the 1.5850 level. However, we see significant support below at the 1.58 handle, and think that perhaps the downside is somewhat limited...

EUR/USD Forecast January 21, 2013, Technical Analysis

by FX Empire | January 19, 2013 5:49 am
The EUR/USD pair fell during the session on Friday, but remains above the 1.33 support level in order to stay relatively bullish. The pair looks like it’s trying to continue climbing higher, and as a result we...

AUD/USD Forecast January 21, 2013, Technical Analysis

by FX Empire | January 19, 2013 5:48 am
The AUD/USD pair fell during the Friday session as the market tested the bottom of the hammer from Thursday. We broke below the 1.05 level at one point in the session, but bounced back above in order...

USD/JPY Forecast January 18, 2013, Technical Analysis

by FX Empire | January 18, 2013 4:43 am
The USD/JPY pair shot straight up during the Thursday session as we slammed into the 90 handle. At the end of the session though, we did pullback a little bit from that level and now are finding...

USD/CAD Forecast January 18, 2013, Technical Analysis

by FX Empire | January 18, 2013 4:42 am
The USD/CAD pair went back and forth during the Thursday session, but managed to find weakness in the end as we printed a shooting star looking candle. This candle suggests that we are going lower, and as...

GBP/USD Forecast January 18, 2013, Technical Analysis

by FX Empire | January 18, 2013 4:41 am
The GBP/USD pair had a back-and-forth session during the Thursday trading day and essentially hovered around the 1.60 level at the end of all of the erratic behavior. It looks like we’re trying to break through the...

EUR/USD Forecast January 18, 2013, Technical Analysis

by FX Empire | January 18, 2013 4:41 am
EUR/USD pair had a strong showing on Thursday as we bounced from the 1.33 handle and closed near the recent highs at 1.34. In fact, it appears that we are dead set on testing that level again...

AUD/USD Forecast January 18, 2013, Technical Analysis

by FX Empire | January 18, 2013 4:40 am
The AUD/USD pair fell pretty significantly during the session on Thursday, but found enough support at the 1.05 level to bounce much higher and form a wicked looking candle.

USD/JPY Forecast January 17, 2013, Technical Analysis

by FX Empire | January 17, 2013 3:04 am
The USD/JPY pair fell during the session on Wednesday, but found enough support in the 87.25 range to bounce enough to form a nice-looking hammer. This hammer sits just on top of a recent swing high, so...

USD/CAD Forecast January 17, 2013, Technical Analysis

by FX Empire | January 17, 2013 3:03 am
The USD/CAD pair gained during the session on Wednesday as the “risk off” rally came into play. However, we are still under significant downward pressure, and as you can see just below the 0.99 handle we see...