USD/CAD Forecast November 9, 2012, Technical Analysis

by FX Empire | November 9, 2012 3:21 am
The USD/CAD pair rose during the session on Thursday after forming a hammer on Wednesday. We are currently sitting at the parity level, and as such we think we are trying to build enough pressure to go...

GBP/USD Forecast November 9, 2012, Technical Analysis

by FX Empire | November 9, 2012 3:20 am
The GBP/USD pair broke through the bottom of the shooting star from the previous day on Thursday. This set up a nice selling opportunity, but unfortunately the market turned back around and formed a hammer which is...

EUR/USD Forecast November 9, 2012, Technical Analysis

by FX Empire | November 9, 2012 3:20 am
The EUR/USD pair fell during much of the session on Thursday as the bottom of the shooting star from Wednesday got broken to the downside. However, by the end of the session we saw buying at the...

AUD/USD Forecast November 9, 2012, Technical Analysis

by FX Empire | November 9, 2012 3:19 am
The AUD/USD pair initially tried to rally during the session on Thursday, but got beat back yet again. The shooting star from Wednesday signaled that we are running into quite a bit of resistance, and now we...

USD/JPY Forecast November 8, 2012, Technical Analysis

by FX Empire | November 8, 2012 3:53 am
The USD/JPY pair fell during the session on Wednesday as the US dollar got a bit of a beating for the presidential election returns. The 80 handle offered support though, and right now it appears that there...

USD/CAD Forecast November 8, 2012, Technical Analysis

by FX Empire | November 8, 2012 3:53 am
USD/CAD fell during the beginning of the session on Wednesday to poke through the 0.99 handle, however, we did find quite a bit of support at that level as you would expect.

GBP/USD Forecast November 8, 2012, Technical Analysis

by FX Empire | November 8, 2012 3:52 am
GBP/USD initially poked through the 1.60 level as the US dollar sold off. However, by the end of the session we fell back down in order to form a shooting star that sits just on the 100...

EUR/USD Forecast November 8, 2012, Technical Analysis

by FX Empire | November 8, 2012 3:51 am
EUR/USD initially spiked during the session on Wednesday with the Obama reelection, as it was thought that the US dollar would be devalued through more quantitative easing and extreme spending.

AUD/USD Forecast November 8, 2012, Technical Analysis

by FX Empire | November 8, 2012 3:50 am
The AUD/USD pair attempted to rally during the Wednesday session, but found a ton of resistance of the 1.05 area. Because of this, we have formed a massive shooting star that sits just ensemble the 1.04 level,...

USD/JPY Forecast November 7, 2012, Technical Analysis

by FX Empire | November 7, 2012 7:10 am
The USD/JPY pair bounced fairly hard off of the 80 handle during the session on Tuesday, and formed a green hammer. This pair is essentially waiting the results of the US Presidential election, and as such did...