USD/JPY Forecast February 1, 2012. Technical Analysis
USD/JPY fell again on Tuesday as traders continue to test the patience of the Bank of Japan. The finance minister did have a few words about the rate of the Yen last night, but as of yet...
Author: FX Empire
EUR/USD Forecast February 1, 2012, Technical Analysis
EUR/USD rose for the beginning of the session on Tuesday, but gave up those gains before it was all said and done. The pair fell hard, but found the 1.31 level as being supportive yet again.
USD/CAD Forecast January 31, 2012, Technical Analysis
USD/CAD rose at first during the Monday session, but was quickly beat back down by the sellers as the trend continued to the downside. The parity level is still acting as support, but the recent action in...
AUD/USD Forecast January 31, 2012, Technical Analysis
AUD/USD fell during the session on Monday as the markets were initially weak in Asia and Europe. The Aussie is always receptive to the “risk appetite” globally, and as a result will often fall in these situations.
USD/CHF Forecast January 31, 2012, Technical Analysis
USD/CHF rose during the session on Monday as the markets bounced in the Dollar’s favor. The 0.91 level acted as support, and as a result we saw traders step in at that area.
GBP/USD Forecast January 31, 2012, Technical Analysis
GBP/USD fell on Monday, but managed a bounce late in trading to form a hammer. The 1.57 level is looking supportive at this point, and it appears that the market may want to make a run at...
USD/JPY Forecast January 31, 2012, Technical Analysis
The USD/JPY pair fell during the Monday session, and even went so far as to fall below the 76.50 level that has been so obviously supportive over the last several months.
EUR/USD Forecast January 31, 2012, Technical Analysis
EUR/USD fell during the session on Monday as the markets were in “risk off” mode again. The pair did find support at the recent 1.31 resistance level however, and this is a bullish sign now that the...
USD/CAD Forecast January 30, 2012, Technical Analysis
USD/CAD fell on Friday as traders continued to sell the Dollar in general. However, the parity level continues to put up a fight and offer support. The pair has yet to close convincingly below that mark, and...
AUD/USD Forecast January 30, 2012, Technical Analysis
AUD/USD rose again on Friday as the Dollar continues to get sold off. The bad GDP numbers out of the United States certainly did nothing to inspire confidence in the economy, and as a result, traders went...