USD/JPY Forecast January 12, 2012, Technical Analysis

by FX Empire | January 12, 2012 6:59 am
USD/JPY rose slightly during the Wednesday session, but gave back all of those gains by the close. The pair is currently sitting at the bottom of a recent consolidation area, and the Bank of Japan is always...

EUR/USD Forecast January 12, 2012, Technical Analysis

by FX Empire | January 12, 2012 6:57 am
EUR/USD fell on Wednesday as the pair continued its recent downward momentum. However, the pair did get a bit of a bounce in the later part of the trading day as the 1.27 level offered a bit...

USD/CAD Forecast January 11th, 2012, Technical Analysis

by FX Empire | January 11, 2012 7:35 am
USD/CAD fell during the Tuesday session as the “risk on” trade had a little bit of help for the day. The 1.01 level below still looks very supportive at the moment, and as a result we are...

AUD/USD Forecast January 11th, 2012, Technical Analysis

by FX Empire | January 11, 2012 7:34 am
AUD/USD rose during the session on Tuesday as traders bought a little bit of risk in general. The pair looks healthy, but we are running into a resistance zone between 1.03 and 1.05. The area has been...

USD/CHF Forecast January 11th, 2012, Technical Analysis

by FX Empire | January 11, 2012 7:33 am
USD/CHF rose slightly for the session on Tuesday as the market treads water in the 0.95 area. The pair has the Swiss working against it, and the US dollar continues to be a favorite overall. With the...

GBP/USD Forecast January 11th, 2012, Technical Analysis

by FX Empire | January 11, 2012 7:33 am
The GBP/USD pair rose slightly during the session on Tuesday while the markets in general were quiet. The pair is approaching the 1.55 handle, and that was the scene of the latest break of support in this...

USD/JPY Forecast January 11th, 2012, Technical Analysis

by FX Empire | January 11, 2012 7:32 am
The USD/JPY pair fell slightly during the session on Tuesday as the markets were fairly quiet overall. The pair has been consolidating between 76.50 and 78.50, and it looks like these two areas are where traders start...

EUR/USD Forecast January 11th, 2012, Technical Analysis

by FX Empire | January 11, 2012 7:31 am
EUR/USD rose during the session on Tuesday originally as the pair pulled back from its recent fall, just like the EUR/GBP pair did. The pair is certainly in a down trend, and the fact that the gains...

USD/CAD Forecast January 10th, 2012, Technical Analysis

by FX Empire | January 10, 2012 7:16 am
USD/CAD fell during the Monday session as the oil markets continue to ungulate between rising in value and falling. The oil markets are being rocked by threats of Iranians closing the Strait of Hormuz and the responses...

AUD/USD Forecast January 10th, 2012, Technical Analysis

by FX Empire | January 10, 2012 7:15 am
AUD/USD fell for a little while during the Monday session, but bounced quite nicely as the Americans took over. The pair is very risk sensitive, and we are starting to see a pattern of European pessimism followed...