GBP/USD Forecast August 20, 2012, Technical Analysis

by FX Empire | August 20, 2012 7:51 am
The GBP/USD pair fell during the Friday session as the 1.57-1.58 area continues to hold back the advances of the buyers. However, as you can see over time we have generally ground our way higher in this...

AUD/USD Forecast August 20, 2012, Technical Analysis

by FX Empire | August 20, 2012 7:50 am
The AUD/USD pair had a very significant fall during the Friday session as the 1.05 level gave way. This was a strikingly strong move, but it should be mentioned that we are approaching the uptrend line of...

USD/CAD Forecast August 20, 2012, Technical Analysis

by FX Empire | August 20, 2012 7:49 am
The USD/CAD pair rose during the Friday session as the 0.9850 level acted as support. The result of this was the printing of a hammer for the weekly candle, and it does look like we are going...

USD/JPY Forecast August 17, 2012, Technical Analysis

by FX Empire | August 17, 2012 8:03 am
USD/JPY had another good session on Thursday as the Yen continues to weaken. Looking at the charts, we have the breakout once we rose above the 78.75 level, and if you have been watching you know that...

USD/CAD Forecast August 17, 2012, Technical Analysis

by FX Empire | August 17, 2012 8:02 am
The USD/CAD pair fell during the session on Thursday again, to break down well below the 0.99 handle. This market looks extremely bearish, but it should be noted that is moving in relatively slow motion. Because of...

GBP/USD Forecast August 17, 2012, Technical Analysis

by FX Empire | August 17, 2012 6:54 am
The GBP/USD pair had a strong showing during the Thursday session as it initially fell, but bounced in order to form a very bullish candle. The 1.57 level has been overtaken again, and for the first time...

EUR/USD Forecast August 17, 2012, Technical Analysis

by FX Empire | August 17, 2012 6:51 am
The EUR/USD pair had a very positive session on Thursday as the 1.2350 level was it. The market still looks as if it’s in a rising wedge, and there are still plenty of problems in Europe. Because...

AUD/USD Forecast August 17, 2012, Technical Analysis

by FX Empire | August 17, 2012 6:46 am
The AUD/USD pair fell during the session originally, but bounced in order to break back above the 1.05 handle. The hammer from the Wednesday session suggested that we found support at the 1.0450 level, and as such...

EUR/USD Forecast August 16, 2012, Technical Analysis

by FX Empire | August 16, 2012 6:33 am
The EUR/USD pair had a bearish session on Wednesday as it broke down below the shooting star formed on Tuesday. The uptrend line that had held this market in place for so long did in fact do...

USD/JPY Forecast August 16, 2012, Technical Analysis

by FX Empire | August 16, 2012 6:26 am
The USD/JPY pair had a pretty wild session on Wednesday as the pair both rose and fell in order to form a hammer just above the 78.75 level that we have been watching recently.