GBP/USD Forecast August 30, 2012, Technical Analysis
The GBP/USD pair had a fairly wild ride on Wednesday, as it both rose and fell during the trading session. By the time it was all said and done, the market had finished in a fairly neutral...
Author: FX Empire
AUD/USD Forecast August 30, 2012, Technical Analysis
The AUD/USD pair attempted to rally during the Wednesday session, but fell short as the sellers step back into the marketplace. We are currently trading right around the 1.0350 level, which of course is relatively close to...
USD/CAD Forecast August 30, 2012, Technical Analysis
The USD/CAD pair had an interesting session as it continues to show signs of support at the 0.9850 level on Wednesday. The hammer that was formed on Tuesday matches a hammer that was formed the previous week,...
EUR/USD Forecast August 29, 2012, Technical Analysis
The EUR/USD pair bounced off of the 1.25 handle on Tuesday as the bullish run continues. However, we aren’t comfortable going long of the Euro at this point in time as there is a lot of resistance...
USD/JPY Forecast August 29, 2012, Technical Analysis
The USD/JPY pair fell during most of the Tuesday session as the pair dug its way back into the supportive area between 78 and 78.75. The pair looks like it’s been supportive at the 78 handle by...
GBP/USD Forecast August 29, 2012, Technical Analysis
The GBP/USD pair had a fairly wild session on Tuesday as the market when both up and down in order to finish slightly higher. The candle looks a bit like a hammer, but not convincingly sell.
AUD/USD Forecast August 29, 2012, Technical Analysis
The AUD/USD pair had a back-and-forth session on Tuesday as the daily candle ended up being very neutral. The pair does look anemic at this point in time, and a move to the 1.03 level looks to...
USD/CAD Forecast August 29, 2012, Technical Analysis
The USD/CAD pair fell during the session on Tuesday, but managed to bounce in order to form a fairly impressive hammer just below the 0.99 level. The hammer does suggest for the second time within the last...
EUR/USD Forecast August 28, 2012, Technical Analysis
EUR/USD attempted to rally during the Monday session, but fell in order to form a shooting star that is sitting just at the 1.25 handle. Looking at this chart, it does in fact look like the downward...
USD/JPY Forecast August 28, 2012, Technical Analysis
The USD/JPY pair had a very quiet session on Monday, in order to form a very neutral candle. We are sitting on top of support though, and as such it looks like a break to the upside...