GBP/USD Forecast September 7, 2012, Technical Analysis

by FX Empire | September 7, 2012 8:25 am
The GBP/USD pair rose during the session after initially falling on Thursday in order to break above the highs from the previous session. This is a bullish turn of events, and it does look like we are...

EUR/USD Forecast September 7, 2012, Technical Analysis

by FX Empire | September 7, 2012 8:25 am
The EUR/USD pair fell during most of the session on Thursday, but managed to bounce in order to form a bit of a hammer. We are currently sitting just below the 50% Fibonacci retracement from the fall...

AUD/USD Forecast September 7, 2012, Technical Analysis

by FX Empire | September 7, 2012 8:24 am
The AUD/USD pair rose rapidly during the session on Thursday as the ECB looks set to buy “unlimited” bonds out of their region. This of course should equate to further easing, and as such the gold market...

EUR/USD Forecast September 6, 2012, Technical Analysis

by FX Empire | September 6, 2012 7:14 am
EUR/USD pair rose during the session on Wednesday as the 1.25 level held as support again. The 1.26 level has been pierced yet again, but is still offered a bit of resistance. With the ECB statement coming...

USD/JPY Forecast September 6, 2012, Technical Analysis

by FX Empire | September 6, 2012 7:13 am
USD/JPY fell during the session on Wednesday, but bounced yet again in order to form a hammer within our well defined support zone. This hammer suggest that perhaps we will get a little bit of a lift...

GBP/USD Forecast September 6, 2012, Technical Analysis

by FX Empire | September 6, 2012 7:12 am
The GBP/USD pair rose during the session on Wednesday after initially falling. At the end of the session though, we gave up some of the gains in this pair as well. The 1.59 level still looks very...

AUD/USD Forecast September 6, 2012, Technical Analysis

by FX Empire | September 6, 2012 7:12 am
The AUD/USD pair fell yet again during the Wednesday session as the downtrend continues. However, it should be noted that the end of the day saw a bounce and we manage to form a hammer for the...

USD/CAD Forecast September 6, 2012, Technical Analysis

by FX Empire | September 6, 2012 7:11 am
The USD/CAD pair rose during the Wednesday session to break above the 0.99 handle. However, we aren’t above the 0.9950 level which of course would free the buyers to push the price of this currency pair much...

EUR/USD Forecast September 5, 2012, Technical Analysis

by FX Empire | September 5, 2012 7:00 am
The EUR/USD pair tried to rally during the session on Tuesday but failed. The 1.27 level above is still the top of this massive resistance area, and we are not buying this pair until we get above...

USD/JPY Forecast September 5, 2012, Technical Analysis

by FX Empire | September 5, 2012 7:00 am
The USD/JPY pair rose during the Tuesday session after forming a hammer on Monday, in order to show that it is still trying to build a base. The 78 handle below looks to be a bit of...