USD/CHF Technical Analysis September 8, 2011
The USD/CHF pair had a very quiet day on Wednesday, which is understandable since the day before had roughly an 800 pip range. The pair hasn’t pulled back yet, but after the recent action in it, we...
Author: FX Empire
GBP/USD Technical Analysis September 8, 2011
The GBP/USD pair rose during the Wednesday session, but failed to close above the 1.6000 level. The resulting candle is a “shooting star-like” candle that appears at the bottom of the recent range.
USD/JPY Technical Analysis September 8, 2011
USD/JPY continues to drift higher, even after falling initially during the Wednesday session. The pair fell from the 77.50 level all the way down to the 77 area. The 77 handle proves to be supportive again, and...
EUR/USD Technical Analysis September 8, 2011
The EUR/USD found support at the 1.40 area on Wednesday as the German high courts ruled that it was in fact legal for the German government to help bailout the Greek government. However, the ruling also stated...
USD/CAD Technical Analysis September 7, 2011
USD/CAD rose, fell, and bounced around during the Tuesday session as traders simply do not know what to do with this pair at the moment. The candle looks similar to a shooting star, but not quite as...
USD/CHF Technical Analysis September 7, 2011
Yesterday I spoke about what would have to happen for the USD/CHF to be a buy, and all of those points were accomplished. The Swiss National Bank has decided to announce that they are pegging the Franc...
GBP/USD Technical Analysis September 7, 2011
GBP/USD fell hard on Tuesday as traders around the globe are buying the USD for its safe haven status. The global markets are certainly nervous at this point, and when this happens, this pair falls.
USD/JPY Technical Analysis September 7, 2011
USD/JPY rose rapidly on Tuesday as traders bought the USD across the board. The central bank of Japan certainly is happy about this move, and will not stand in the way of a weakening Yen, something they...
EUR/USD Technical Analysis September 7, 2011
The EUR/USD pair shot straight up in the early hours of Tuesday in response to the massive 1,000 pip move in the EUR/CHF pair, but quickly faded from that move to an absolute freefall later in the...
AUD/USD Technical Analysis September 7, 2011
The AUD/USD pair fell hard on Tuesday, but has slowed in the 1.05 area. The piercing of this level is certainly a negative, but the area hasn’t been completely broken at this point. The resulting candle looks...