GBP/USD Forecast September 3, 2012, Technical Analysis

by FX Empire | September 3, 2012 7:13 am
The GBP/USD pair shot straight up during the Friday session as the Federal Reserve Chairman Ben Bernanke suggested that the Federal Reserve could begin to buy U.S. Treasury’s again, driving yields even lower to drive investors looking...

AUD/USD Forecast September 3, 2012, Technical Analysis

by FX Empire | September 3, 2012 7:12 am
The AUD/USD pair rose during the session on Friday as the 1.03 level comes into offer support. The pair has sold off rather significantly lately, and as such a bounce should have been expected.

USD/CAD Forecast September 3, 2012, Technical Analysis

by FX Empire | September 3, 2012 7:11 am
The USD/CAD pair fell during the session on Friday in order to retest the bottom again. The 0.98 level should continue to hold as support in the meantime, but it does give way we think this pair...

AUD/USD Forecast August 31, 2012, Technical Analysis

by FX Empire | August 31, 2012 7:16 am
The AUD/USD pair fell below the 1.03 level on Thursday, to signify further weakness. However, this area does look very supportive and the fact that we bounce slightly towards the end of the session should be no...

EUR/USD Forecast August 31, 2012, Technical Analysis

by FX Empire | August 31, 2012 7:15 am
The EUR/USD pair ended up lower at the end of the Thursday session sitting just above the 1.25 level again, as it serves as support. With the Federal Reserve Chairman giving a speech later today in Wyoming,...

GBP/USD Forecast August 31, 2012, Technical Analysis

by FX Empire | August 31, 2012 7:13 am
The GBP/USD pair fell during the session on Thursday after initially trying to surge higher. The oddly shaped candle ended up being somewhat of a shooting star, but isn’t quite shaped correctly to get us too concerned....

USD/CAD Forecast August 31, 2012, Technical Analysis

by FX Empire | August 31, 2012 7:11 am
The USD/CAD pair rose during the session on Thursday as the support continues to build around the 0.99 handle. The pair is currently towards the bottom of a larger consolidation zone between 0.98 and 1.04, and as...

USD/JPY Forecast August 31, 2012, Technical Analysis

by FX Empire | August 31, 2012 7:09 am
The USD/JPY pair fell during the session on Thursday, but bounce slightly to form a hammer just above the 78.50 level. The pair is currently sitting on the upper end of a large support area from 78...

EUR/USD Forecast August 30, 2012, Technical Analysis

by FX Empire | August 30, 2012 6:37 am
The EUR/USD pair fell during the session on Wednesday in order to come back down and retest the 1.25 area. The hammer shaped candle from the Tuesday session continues offer support at this point in time, but...

USD/JPY Forecast August 30, 2012, Technical Analysis

by FX Empire | August 30, 2012 6:36 am
USD/JPY had a fairly quiet session on Wednesday as the support area down to the 78 handle continues to hold the market up. This area seems to be rather strong, and as we know that the Bank...