USD/CHF Forecast January 18, 2012, Technical Analysis
USD/CHF fell for the session on Tuesday as the Dollar got sold off in general. The “risk on” trade came back, but it is worth noting that the end of the US stock trading session saw a...
Author: FX Empire
GBP/USD Forecast January 18, 2012, Technical Analysis
GBP/USD rose during the Tuesday session as traders sold off the US dollar in general. The pair is highly risk sensitive, and as the markets was in a good mood overall for the day – this pair...
USD/JPY Forecast January 18, 2012, Technical Analysis
USD/JPY fell for most of the session on Tuesday, but managed a bounce to form a hammer just above the now obvious support area at 76.50 or so. The level is the bottom of recent consolidation going...
EUR/USD Forecast January 18, 2012, Technical Analysis
The EUR/USD pair rose over the session on Tuesday as the markets were in the “risk on” mode for most of the day. The Euro is simply far too weak and toxic at the moment to own...
USD/CAD Forecast January 16, 2012, Technical Analysis
USD/CAD rose during the session on Friday as the triangle that contains this market continues to work. The candle for the day looks reasonably strong, but until we get a breakout to the upside of the triangle,...
AUD/USD Forecast January 16, 2012, Technical Analysis
AUD/USD fell originally for the session on Friday, but managed a bounce later to form a hammer. The candle is sitting just below the vital 1.04 resistance line, an area that has contained the market for quite...
USD/CHF Forecast January 16, 2012, Technical Analysis
USD/CHF rose for the Friday session as traders reacted to rumors around the markets that the French were about to lose their AAA bond rating by S&P. The move happened, and as a result the European currencies...
GBP/USD Forecast January 16, 2012, Technical Analysis
GBP/USD fell hard for the session after first rising on Friday. However, the pair did finish slightly lower to form a doji after all was said and done. The indecisions is in concert with a massive support...
USD/JPY Forecast January 16, 2012, Technical Analysis
USD/JPY rose during the session on Friday as the market continues to tread water at the 76.50 level. The pair continues to move sideways in a fairly tight range. The 76.50 level looks as if it is...
EUR/USD Forecast January 16, 2012, Technical Analysis
EUR/USD fell for the session on Friday as the traders in the FX markets sold off the Euro in general as rumors of an impending credit rating cut for France by S&P came out.