USD/CAD Forecast October 8, 2012, Technical Analysis
The USD/CAD pair fell during most of the session on Friday as the Canadian jobs number was outstanding. However, by the end of the session we got quite a bit of a bounce and formed a hammer...
Author: FX Empire
GBP/USD Forecast October 8, 2012, Technical Analysis
The GBP/USD pair fell on the session Friday as the “risk off” trade came back into play. We still are very bullish of the British pound against the US dollar, and think that as long as we...
EUR/USD Forecast October 8, 2012, Technical Analysis
EUR/USD rose for most of the session on Friday after the better-than-expected nonfarm payroll numbers in America, but gave back much of the gains by the end of the session.
AUD/USD Forecast October 8, 2012, Technical Analysis
AUD/USD fell during the session on Friday as the 1.02 level continues to act as a zone of interest. The market growth below the bottom of the hammer that was formed on Thursday, and as such we...
USD/JPY Forecast October 5, 2012, Technical Analysis
USD/JPY had another bullish session on Thursday as the US dollar managed to eke out some gains against the Japanese yen. The general attitude of the session was “risk on”, and as such this pair rose.
USD/CAD Forecast October 5, 2012, Technical Analysis
The USD/CAD currency pair fell after initially trying to rally during the Thursday session. The market made all the way towards the 0.99 handle and then was pressed downward by the sellers.
GBP/USD Forecast October 5, 2012, Technical Analysis
The GBP/USD pair initially fell during the session on Thursday, but found a ton of support at the 1.61 level. By the end of the day, we had a form a green candle, and even the test...
EUR/USD Forecast October 5, 2012, Technical Analysis
The EUR/USD pair rose during the session after Mario Monti reminded the world on Thursday that ECB was there to lift asset prices with various quantitative easing schemes. Ultimately, we did manage to break above the 1.30...
AUD/USD Forecast October 5, 2012, Technical Analysis
The AUD/USD pair fell during the session again on Thursday, but bounced quite significantly from the 1.02 level. This level should end up being quite supportive as we have seen time and time again that buyers will...
USD/JPY Forecast October 4, 2012, Technical Analysis
The USD/JPY pair had a strong showing on Wednesday as we gained 50 pips. While this doesn’t seem like a big move, in this highly manipulated market it truly is. With the Federal Reserve and the Bank...