GBP/USD Forecast December 12, 2012, Technical Analysis

by FX Empire | December 12, 2012 6:59 am
The GBP/USD pair had a strong showing on Tuesday as we crashed into the 1.61 handle. The market looks ready to take on the 1.61 region of resistance that extends all the way to the 1.62 level...

EUR/USD Forecast December 12, 2012, Technical Analysis

by FX Empire | December 12, 2012 6:59 am
The EUR/USD pair rose sharply during the session on Tuesday, and as a result we find the market closing the day above the 1.30 handle. We also are closing the very top of the candle for the...

AUD/USD Forecast December 12, 2102, Technical Analysis

by FX Empire | December 12, 2012 6:58 am
AUD/USD initially fell during the session on Tuesday, but found a ton of support at the 1.0475 level again in order to pop back and over the 1.05 level. It is at the 1.05 level that we...

USD/JPY Forecast December 11, 2012, Technical Analysis

by FX Empire | December 11, 2012 8:25 am
The USD/JPY currency pair had a slightly negative session on Monday, but you can see that we bounce from the 82 handle yet again, to form a hammer. We have been very blunt about our opinion on...

USD/CAD Forecast December 11, 2012, Technical Analysis

by FX Empire | December 11, 2012 8:24 am
USD/CAD initially rose during the Monday session, but as you can see by the shape of the shooting star for the trading day, this pair failed to break out and essentially just filled the slight gap from...

GBP/USD Forecast December 11, 2012, Technical Analysis

by FX Empire | December 11, 2012 8:24 am
The GBP/USD pair had a strong session on Monday as the 1.60 handle offered support in order to push the pair back towards the 1.61 level. This pair is a bullish market as far as we’re concerned,...

EUR/USD Forecast December 11, 2012, Technical Analysis

by FX Empire | December 11, 2012 8:23 am
The EUR/USD pair had a decent day on Monday, as we bounced back above the 1.29 handle. It now appears that the 1.29 area will offer significant support going forward, and as such we may have a...

AUD/USD Forecast December 11, 2012, Technical Analysis

by FX Empire | December 11, 2012 8:22 am
The AUD/USD pair went back and forth during the Monday session, only to essentially go nowhere. This market looks very confused at the moment, and we do think of the 1.05 level is still the key to...

USD/JPY Forecast December 10, 2012, Technical Analysis

by FX Empire | December 10, 2012 6:38 am
The USD/JPY pair went back and forth during the session on Friday as the US jobs numbers came out better than expected. This is typical reaction out of this currency pair, as it tends to bounce around...

USD/CAD Forecast December 10, 2012, Technical Analysis

by FX Empire | December 10, 2012 6:37 am
The USD/CAD pair fell through the 0.99 support level on Friday, in order to show that there is serious downward pressure on this pair at the moment. However, we did not close below the 0.9875 level that...