GBP/USD forecast July 23, 2012, Technical Analysis
The GBP/USD pair fell hard on Friday, as the “risk off” trade came rushing back into the markets. The change in attitude saw the Dollar reign during the day, and as such we are not willing to...
Author: FX Empire
AUD/USD forecast July 23, 2012, Technical Analysis
The AUD/USD pair fell on Friday as the “risk off” trade came roaring back. The Aussie should continue to fall in the short term, but the 1.03 level below looks very supportive. It is because of this...
USD/CAD forecast July 23, 2012, Technical Analysis
The USD/ CAD pair rose during the session on Friday, to retest the previous support area for resistance. So far, it has held. This is certainly a reaction to the “risk off” attitude of the markets, and...
EUR/USD Forecast July 19, 2012, Technical Analysis
The EUR/USD pair fell during the session on Wednesday, to form another negative candle in an already oversold condition. However, the candle did get a bounce later in the day to form a third hammer.
USD/JPY Forecast July 19, 2012, Technical Analysis
The USD/JPY pair fell during the session on Wednesday to retest the 78.75 support level that it visited the previous two sessions. The market looks relatively weak, but the fact is the Bank of Japan is underneath...
GBP/USD Forecast July 19, 2012, Technical Analysis
The GBP/USD pair fell over the course of the Wednesday session, only to turn around and bounce to form the third daily hammer in a row. Triple hammers are a very rare occurrence in the Forex markets,...
USD/CAD Forecast July 19, 2012, Technical Analysis
The USD/CAD pair fell during the session on Wednesday to form a shooting star sitting on top of the 1.01 support level. The pair looks like it is closing the oil markets, and as those markets look...
AUD/USD Forecast July 19, 2012, Technical Analysis
The AUD/USD pair managed to bust through the 1.0350 level during the session on Wednesday, signaling a fresh new leg up. This suggests that the Aussie dollar will continue to rise until about the 1.05 level, and...
EUR/USD Forecast July 18, 2012, Technical Analysis
The EUR/USD pair initially fell during the session on Tuesday as the Federal Reserve Chairman did not explicitly say anything about quantitative easing. However, by the end of the trading day we have seen a nice bounce...
USD/JPY Forecast July 18, 2012, Technical Analysis
The USD/JPY pair had a bullish session on Tuesday as the Federal Reserve Chairman’s testimony in front of the United States Congress gave no hints of imminent quantitative easing.