USD/CHF Forecast Nov. 8th, 2011, Technical Analysis
USD/CHF rose during the session on Monday as officials out of Switzerland stated that they are willing to do what it takes to weaken the Franc. This move ran counter to what went on in all of...
Author: FX Empire
GBP/USD Forecast, Nov. 8th, 2011, Technical Analysis
The GBP/USD pair had a range bound day on Monday as traders still look for direction in terms of the “risk on” or “risk off” trade. The markets are very volatile, and will more than likely continue...
USD/JPY Forecast Nov. 8th, 2011, Technical Analysis
USD/JPY continues to hang in around the 78 handle, and as such – it is providing little in the way of short-term trading opportunities. The intervention has scared many of the traders away, but these unilateral interventions...
EUR/USD Forecast Nov. 8th, 2011, Technical Analysis
The EUR/USD pair fell on Monday, only to bounce later in the US session. Even with a failed EFSF bond auction, the Americans continue to buy the Euro. The pattern is becoming obvious: Europeans sell, Asians sell,...
USD/CAD Forecast Nov. 7th, 2011, Technical Analysis
USD/CAD bounced on Friday as traders got rid of the “risk on” trade in droves. The bounce went straight to the 1.02 resistance level, and it looks like we could see consolidation at this point. The 1.03...
AUD/USD Forecast Nov. 7th, 2011, Technical Analysis
AUD/USD had an initially weak session on Friday, but bounced in later hours as the Americans went hunting for values. The pair looks like it is finding support in the form of 1.03, and as such could...
USD/CHF Forecast Nov. 7th, 2011, Technical Analysis
USD/CHF rose during the Friday session as traders continued the bearish tone of the markets late in the week. The pair used to fall in a “risk off” environment, but that was before the Swiss National Bank...
GBP/USD Forecast Nov. 7th, 2011, Technical Analysis
GBP/USD fell on Friday, but managed to pop back above the 1.60 support level again. The later ours saw the surge, and this appears as a sign that the pair wants to jump above. The area of...
USD/JPY Forecast Nov. 7th, 2011, Technical Analysis
The USD/JPY pair rose a bit during a very volatile session on Friday. However, the decided direction of this pair is down, and nobody expects that to change. A couple of failed interventions are all that the...
EUR/USD Forecast Nov. 7th, 2011, Technical Analysis
EUR/USD fell during the Friday session, but closed the day on a positive note as traders covered shorts in this pair. The Greeks are voting on the confidence in their Prime Minister, and now the Italians are...