GBP/USD Forecast August 16, 2012, Technical Analysis

by FX Empire | August 16, 2012 6:25 am
The GBP/USD pair had another bullish session on Wednesday, but then again still cannot break above the 1.57 level for any significant amount of time. Because of this, it looks like this market is starting to run...

AUD/USD Forecast August 16, 2012, Technical Analysis

by FX Empire | August 16, 2012 6:16 am
The AUD/USD pair managed to bounce after falling through the 1.05 level that acted as support. The fact that the daily candle ended up is a hammer is also very bullish, and as such we think that...

USD/CAD Forecast August 16, 2012, Technical Analysis

by FX Empire | August 16, 2012 6:15 am
The USD/CAD pair fell during the session on Wednesday in order to finally break down below the 0.99 level. This area had acted as support over the last week, but now has given way and it looks...

EUR/USD Forecast August 15, 2012, Technical Analysis

by FX Empire | August 15, 2012 6:23 am
The EUR/USD pair attempted to rally on Tuesday, but fell short and formed a shooting star. The shooting star suggests that perhaps we are going to try the uptrend line or bottom of the rising wedge over...

USD/JPY Forecast August 15, 2012, Technical Analysis

by FX Empire | August 15, 2012 6:22 am
The USD/JPY pair had a bullish session on Monday, as the Yen sold off in general. The 78.75 level gave way, and as such we think that this pair will continue to rise over time. We have...

GBP/USD Forecast August 15, 2012, Technical Analysis

by FX Empire | August 15, 2012 6:21 am
The GBP/USD pair had a bullish session on Thursday, but for the second day in a row failed to hang on to gains above the 1.57 level. This is two shooting stars in a row, and this...

AUD/USD Forecast August 15, 2012, Technical Analysis

by FX Empire | August 15, 2012 6:17 am
The AUD/USD pair fell during the session on Tuesday, but managed to bounce back to hugging the 1.05 level. This suggests to us that perhaps there is support coming back into the marketplace, and as such we...

USD/CAD Forecast August 15, 2012, Technical Analysis

by FX Empire | August 15, 2012 6:16 am
The USD/CAD pair fell slightly during the session on Tuesday, but still remains above the 0.99 support level. The pair is obviously in a bearish trend, but we think that the move lower will be dependent on...

EUR/USD Forecast August 14, 2012, Technical Analysis

by FX Empire | August 14, 2012 7:50 am
The EUR/USD pair had a bullish session for the Monday trading day, but it did manage to give up quite a bit of its gains in the end. The 1.2350 level continues to hold as resistance, and...

USD/JPY Forecast August 14, 2012, Technical Analysis

by FX Empire | August 14, 2012 7:49 am
USD/JPY had a positive session during the Monday trading day as we are simply bounced off of the support area below. Looking at the charts, the real question then becomes whether or not we are fighting massive...