USD/CAD Forecast October 23, 2012, Technical Analysis

by FX Empire | October 23, 2012 5:51 am
The USD/CAD pair had a slightly negative session on Monday, as it looks ready to pullback and retest the 0.99 level as possible support. However, we see a lot of resistance all the way to parity, and...

GBP/USD Forecast October 23, 2012, Technical Analysis

by FX Empire | October 23, 2012 5:51 am
The GBP/USD pair bounced off of the 1.60 level on Monday to continue to show support at that level. This area is a large round number, and as a result we believe it will continue to attract...

EUR/USD Forecast October 23, 2012, Technical Analysis

by FX Empire | October 23, 2012 5:50 am
The EUR/USD pair rose slightly during the session on Monday as the 1.30 level held to be support. The area should continue to offer support, but we see a lot of noise above also. While this market...

AUD/USD Forecast October 23, 2012, Technical Analysis

by FX Empire | October 23, 2012 5:49 am
The AUD/USD pair bounced off the 1.03 level in order to form a hammer by the end of the session on Monday, which of course is rather supportive. What have to wait and see, but it looks...

USD/JPY Forecast October 22, 2012, Technical Analysis

by FX Empire | October 20, 2012 2:21 am
The USD/JPY pair did very little during the session on Friday, as the rest of the markets rocking back and forth in a “risk off” type of move. The fact is that we are getting close to...

USD/CAD Forecast October 22, 2012, Technical Analysis

by FX Empire | October 20, 2012 2:20 am
The USD/CAD currency pair had a strong showing on Friday as we raced towards the 0.9950 level. We did not managed close above it, but we are certainly knocking on the door. It is at that level...

GBP/USD Forecast October 22, 2012, Technical Analysis

by FX Empire | October 20, 2012 2:19 am
The GBP/USD pair fell on Friday again as the market continues to look very weak. In fact, since the Wednesday close we have seen this market dropped 150 pips with almost no halt. The 1.60 level continues...

EUR/USD Forecast October 22, Technical Analysis

by FX Empire | October 20, 2012 2:19 am
The EUR/USD pair fell on Friday again, as we find the 1.3150 level far too tough for the buyers to take out. However, there is a trend line below that could provide support going forward.

AUD/USD Forecast October 22, 2012, Technical Analysis

by FX Empire | October 20, 2012 2:17 am
The AUD/USD pair fell during the session on Friday in order to trigger sell orders from the Thursday shooting star. Because of this, it appears that we are failing at the center of the previous consolidation area,...

USD/JPY Forecast October 19, 2012, Technical Analysis

by FX Empire | October 19, 2012 2:45 am
The USD/JPY pair rose during the session after initially falling on Thursday, in order to close above the 79 handle for the first time in several weeks. This is bullish, but we do see quite a bit...