USD/CAD Forecast February 9, 2012, Technical Analysis

by FX Empire | February 9, 2012 7:32 am
USD/CAD continues to fail at the parity level. The longer this goes on, the more bearish this pair looks to us. However, there is a ton of support going all the way down to the 0.9750 level.

AUD/USD Forecast February 9, 2012, Technical Analysis

by FX Empire | February 9, 2012 7:31 am
AUD/USD rose for most of the session on Wednesday, but pulled back to form a shooting star. The fact that this happened at the 1.08 level is very interesting as it was seen as a “barrier” of...

USD/CHF Forecast February 9, 2012, Technical Analysis

by FX Empire | February 9, 2012 7:31 am
USD/CHF had a very tight range on Wednesday as the world continues to wait on the results of a Greek bailout deal. The markets have been incredibly patient with Athens, but the time has come to see...

GBP/USD Forecast February 9, 2012, Technical Analysis

by FX Empire | February 9, 2012 7:30 am
GBP/USD fell during the Wednesday session as the Dollar got a bit of relief from the massive selling it has seen over the last several days. The Europeans still haven’t come together with some kind of agreement...

USD/JPY Forecast February 9, 2012, Technical Analysis

by FX Empire | February 9, 2012 7:29 am
USD/JPY continues to grind higher on Wednesday as the market takes the recent admission of the Bank of Japan to intervening in the markets recently. The 77 handle is resistive and in the middle of recent consolidation,...

EUR/USD Forecast February 9, 2012, Technical Analysis

by FX Empire | February 9, 2012 7:28 am
EUR/USD had a fairly quiet day as the world awaits the results of the talks between Athens and the Troika. The debt negotiations continue to drag on, and one has to wonder how much longer this can...

USD/CAD Forecast February 8, 2012, Technical Analysis

by FX Empire | February 8, 2012 7:27 am
The USD/CAD pair tried to rally during the Tuesday session, but failed at the parity level for the second day in a row. The oil markets rallied during the session, and this certainly had some kind of...

AUD/USD Forecast February 8, 2012, Technical Analysis

by FX Empire | February 8, 2012 7:26 am
AUD/USD rose again for the Tuesday session, and even managed to crack the 1.08 handle in turn. The pair has been very bullish lately, and the RBA holding on rates on Tuesday gave the Aussie a boost....

USD/CHF Forecast February 8, 2012, Technical Analysis

by FX Empire | February 8, 2012 7:25 am
USD/CHF continued to fall during the Tuesday session as the Dollar got sold off. The Swiss National Bank is currently working against the value of the Franc, but the trigger for intervention will be in the EUR/CHF...

GBP/USD Forecast February 8, 2012, Technical Analysis

by FX Empire | February 8, 2012 7:23 am
The GBP/USD pair shot straight up for the session on Tuesday as we suggested that it could, but the pair also stopped at the 1.59 level that we also suggested in yesterday’s video as well. The pair...