USD/CAD Forecast October 26, 2012, Technical Analysis
The USD/CAD pair fell most of the session during Thursday, but caught a bid the closer we got to the 0.99 handle. This resulted in a hammer, which is the second one in a row on this...
Author: FX Empire
GBP/USD Forecast October 26, 2012, Technical Analysis
The GBP/USD pair rose during the session on Thursday as the bullishness came back into the marketplace. After the Wednesday session, we had noted how the 1.60 level was offering support, as the market jump back over...
EUR/USD Forecast October 26, 2012, Technical Analysis
The EUR/USD pair rose at first during the Thursday session to trigger by orders from the hammer on Wednesday, but by the end of the session we saw a reversal and a shooting star print. Because of...
AUD/USD Forecast October 26, 2012, Technical Analysis
The AUD/USD pair rallied during the session on Thursday, but gave back almost all of the gains as it formed a shooting star. The 1.04 level continues to be far too resistive for the buyers to get...
AUD/USD Forecast October 25, 2012, Technical Analysis
The AUD/USD pair rose during the session on Wednesday as the Australian dollar bounced from the 1.0250 handle. However, we have been bouncing around so much lately that it is hard to tell exactly what the market...
EUR/USD Forecast October 25, 2012, Technical Analysis
The EUR/USD pair fell during most of the session, but bounced off of the 1.2950 area in order to form a hammer for the trading day. This does look rather bullish, but we have trouble thinking that...
GBP/USD Forecast October 25, 2012, Technical Analysis
The GBP/USD pair had a strong session on Wednesday as we bounce back above the 1.60 handle. At this point time, it looks as if the market wants to trying to form some type of base in...
USD/CAD Forecast October 25, 2012, Technical Analysis
The USD/CAD pair bounced around during the session on Wednesday in order to hover right around the 0.99 level. The general vicinity of 0.99 to the 0.9950 handle is where the market has been hanging about lately,...
USD/JPY Forecast October 25, 2012, Technical Analysis
The USD/JPY pair had a very quiet session on Wednesday as we essentially went nowhere by the end of the day. We currently hover around the 79.75 level, just under the all-important 80 handle.
USD/JPY Forecast October 23, 2012, Technical Analysis
USD/JPY rose during the session on Monday as the Bank of Japan is expected to add to its monetary easing policy in the near future. Because of this, we think that the 80 level is about to...