GBP/USD Forecast July 31, 2012, Technical Analysis
GBP/USD fell during most of the session on Monday, but found its footing at the 1.57 level to look like it’s ready to try to break out yet again. The 1.58 level above is still resistive, but...
Author: FX Empire
AUD/USD Forecast July 31, 2012, Technical Analysis
The AUD/USD pair rose during the session on Monday, continuing the bullish action as seen over the last four sessions. However, we are approaching the 1.05 level and it does look like the pair is starting to...
USD/CAD Forecast July 31, 2012, Technical Analysis
The USD/CAD pair fell during the session on Monday as the fall in this pair continued. However, the parity level is just below and we feel that it will more than likely offer some kind of support.
EUR/USD Forecast July 30, 2012, Technical Analysis
The EUR/USD pair rose during the session on Friday as the “risk on” rally continue to take hold. One has to wonder whether this was Euro buying, or simply short covering, as the markets gave up quite...
USD/JPY Forecast July 30, 2012, Technical Analysis
The USD/JPY pair had a string session on Friday as it both fell, and then bounced to new highs for the week. The Indian candle was relatively neutral, but did have a green body. The most important...
GBP/USD Forecast July 30, 2012, Technical Analysis
The GBP/USD pair rose during the session on Friday as the 1.57 level was targeted yet again. The area continued to hold as resistance, and as a result the pair looks like it is still trying to...
AUD/USD Forecast July 30, 2012, Technical Analysis
The AUD/USD pair rose during the session on speculation of further easing by the central banks from both Europe and the United States. The liquidity injection will more than likely drive commodity price higher, and as such...
USD/CAD Forecast July 30, 2012, Technical Analysis
The USD/CAD pair fell during the Friday session as speculation that central banks will be flooding the markets with liquidity drove up demand for commodities on the whole. This of course favors oil, which of course favors...
USD/JPY Forecast July 27, 2012, Technical Analysis
The USD/JPY pair rallied a bit during the Thursday session to bounce off of the 78 handle once again. This area looks to be very supportive, and as such we are more than willing to go long...
USD/CAD Forecast July 27, 2012, Technical Analysis
The USD/CAD pair had a pretty wild session on Thursday as the pair sold off drastically. The “risk on” attitude of the markets sold the Dollar off against almost every currency. The Canadian dollar of course was...