USD/CAD Forecast November 7, 2012, Technical Analysis

by FX Empire | November 7, 2012 7:10 am
The USD/CAD currency pair fell during the session on Tuesday as the 200 day moving average offers resistance. However, the 0.9900 level is support and we have to see whether or not we are going to break...

GBP/USD Forecast November 7, 2012, Technical Analysis

by FX Empire | November 7, 2012 7:09 am
The GBP/USD pair did very little during the Tuesday session as we remain just below the 1.60 level. This area is a scene of significant consolidation, and we are towards the bottom of that region.

EUR/USD Forecast November 7, 2012, Technical Analysis

by FX Empire | November 7, 2012 7:08 am
The EUR/USD pair fell below the 1.28 level for the second day in a row on Tuesday, only to pop back up and form a hammer yet again. The Euro is showing a significant amount of resilience...

AUD/USD Forecast November 7, 2012, Technical Analysis

by FX Empire | November 7, 2012 7:07 am
The AUD/USD pair broke through the 1.04 level during the Tuesday session as resistance gave way slightly. However, we are not ready to go long of this pair until we break the highs of the Tuesday session...

USD/JPY Forecast November 6, 2012, Technical Analysis

by FX Empire | November 6, 2012 2:40 am
The USD/JPY pair fell during the session on Monday as the markets essentially did very little before the US Presidential elections. This by far is the most interesting pair for us over the next 24 hours as...

USD/CAD Forecast November 6, 2012, Technical Analysis

by FX Empire | November 6, 2012 2:39 am
The USD/CAD pair rose during the session after going back and forth overall on Monday. We still sit just under the 200 day exponential moving average, and above the 0.99 support level.

GBP/USD Forecast November 6, 2012, Technical Analysis

by FX Empire | November 6, 2012 2:38 am
The GBP/USD pair fell during the session to get below the 1.60 level at the close. This is a relatively negative expression on this pair, but the truth is we still haven’t broken down below the lowest...

EUR/USD Forecast November 6, 2012, Technical Analysis

by FX Empire | November 6, 2012 2:38 am
The EUR/USD pair fell during the Monday session, but got a bit of a bounce once the market fell below the 1.28 level. The resulting candle is somewhat hammer like, but this sets up a very obvious...

AUD USD Forecast November 6, 2012, Technical Analysis

by FX Empire | November 6, 2012 2:37 am
The AUD/USD pair rose during the session as the 1.03 level seems to be holding as support. We still have significant resistance at 1.04, and we still feel that we’re consolidating overall between the 1.02 and 1.06...

USD/JPY Forecast November 5, 2012, Technical Analysis

by FX Empire | November 3, 2012 3:42 am
The USD/JPY pair rose during the session broke through the 80.50 level showing strength for the US dollar. On the weekly chart, we closed above the 80 handle for the first time in several months, in this...