GBP/USD Forecast January 11, 2013, Technical Analysis

by FX Empire | January 11, 2013 5:42 am
The GBP/USD pair shot straight up like it was fired out of a cannon on Thursday. The 1.60 level continues offer significant support, and going forward we still think this market is heading towards 1.63 in the...

EUR/USD Forecast January 11, 2013, Technical Analysis

by FX Empire | January 11, 2013 5:39 am
The EUR/USD pair shot straight up during the Thursday session after the press conference from the ECB Chairman stating that he thought other G 20 nations would it work against the value of their own currency.

AUD/USD Forecast January 11, 2013, Technical Analysis

by FX Empire | January 11, 2013 5:38 am
The AUD/USD pair shot straight up during the Thursday session and towards the end of the day was burning a breakout of the 1.06 resistance level. If we can get above this level, we fully expect to...

USD/JPY Forecast January 10, 2013, Technical Analysis

by FX Empire | January 10, 2013 5:54 am
The USD/JPY pair had a very strong session during the Wednesday trading hours as the market climbed yet again. In fact, we broke above the top of the shooting star that was formed on Tuesday that should...

USD/CAD Forecast January 10, 2013, Technical Analysis

by FX Empire | January 10, 2013 5:53 am
The USD/CAD pair initially fell during the session on Wednesday, but rose towards the end of the day in order to form a slightly green candle. This market looks very sideways, and in fact we feel that...

GBP/USD Forecast January 10, 2013, Technical Analysis

by FX Empire | January 10, 2013 5:53 am
The GBP/USD pair fell during the session again on Wednesday as the bearish pressure continues. However, the 1.60 level has offered support yet again and although we pierced it, we could not sustain that move.

EUR/USD Forecast January 10, 2013, Technical Analysis

by FX Empire | January 10, 2013 5:52 am
The EUR/USD pair fell for much of the session on Wednesday, but as you can see towards the end of the day we got a bit of a bounce in order to form a hammer. With even...

AUD/USD Forecast January 10, 2013, Technical Analysis

by FX Empire | January 10, 2013 5:51 am
The AUD/USD pair was fairly volatile during the Wednesday session as we continue to bounce around just above the 1.05 level. However, the markets essentially finish the day unchanged, and all things considered it was a bit...

USD/JPY Forecast January 9, 2013, Technical Analysis

by FX Empire | January 9, 2013 7:36 am
The USD/JPY pair attempted to rally during the session on Tuesday, but fell flat as we ended the day negative. The candle that formed was a shooting star, and as a result it looks as if the...

USD/CAD Forecast January 9, 2013, Technical Analysis

by FX Empire | January 9, 2013 7:36 am
USD/CAD went back and forth during the Tuesday session as we continue to tread water in the vicinity of 0.9850 or so. This pair has been rather choppy lately, and as a result it has been very...