GBPUSD Support Turned Resistance (Aug 10, 2016)

by Kate Curtis | August 10, 2016 3:52 am
GBPUSD is pulling up from its recent slide and looks ready to test the nearby resistance levels. Applying the Fib tool on the latest swing high and low on the 1-hour chart shows that the 38.2% retracement...

USD/JPY Forecast August 9, 2016, Technical Analysis

by FX Empire | August 9, 2016 6:20 am
The USD/JPY pair rallied during the course of the session on Monday, and as a result I believe it is only a matter time before the buyers return and give us an opportunity to gain from the...

USD/CAD Forecast August 9, 2016, Technical Analysis

by FX Empire | August 9, 2016 6:19 am
The USD/CAD pair fell slightly during the course of the session on Monday, but as you can see did find a little bit of support just below. Ultimately, this is a market that should find buyers getting...

GBP/USD Forecast August 9, 2016, Technical Analysis

by FX Empire | August 9, 2016 6:18 am
The GBP/USD pair did very little during the day on Monday, forming a slightly negative candle. We are currently sitting just above the 1.30 level, an area that is massively supportive. I think the support extends all...

EUR/USD Forecast August 9, 2016, Technical Analysis

by FX Empire | August 9, 2016 6:16 am
The EUR/USD pair initially tried to rally during the course of the day on Monday, but turned back around to form a bit of a shooting star. That being the case, the market ended up showing signs...

AUD/USD Forecast August 9, 2016, Technical Analysis

by FX Empire | August 9, 2016 6:14 am
The AUD/USD pair broke higher during the course of the day on Monday, showing strength yet again. Because of this, it appears of the Aussie is getting ready to break out, and if we can clear above...

EURAUD Descending Trend Line (Aug 09. 2016)

by Kate Curtis | August 9, 2016 4:20 am
EURAUD has been trending lower on its 1-hour time frame, moving below a descending trend line connecting its latest highs. Price is currently testing this resistance area, which lines up with the 61.8% Fibonacci retracement level on...

EUR/USD Forecast August 8, 2016, Technical Analysis

by FX Empire | August 8, 2016 7:46 am
The EUR/USD pair initially tried to rally during the course of the session on Friday, but then fell apart and reached towards the 1.1050 level. That being the case, there is more than enough support below, and...

GBP/USD Forecast August 8, 2016, Technical Analysis

by FX Empire | August 8, 2016 7:45 am
The GBP/USD pair went back and forth during the course of the session on Friday, as we found the 1.30 level to be supportive. I believe that there is a significant amount of support below the 1.3...

AUD/USD Forecast August 8, 2016, Technical Analysis

by FX Empire | August 8, 2016 7:44 am
The AUD/USD pair went back and forth during the course of the session on Friday, as we got stronger than anticipated jobs numbers coming out of the United States. However, this is a market that has been...