Yesterday’s Trading: My Monday’s expectations came off fully. The euro/dollar lifted to 1.1055 and then fell to 1.1003. From here it renewed to 1.1067 due to weak US housing data. Sales of new homes fell to 468,000....
EURCHF has been trading steadily lower on its 1-hour chart, as the recent highs of price action can be connected by a falling trend line. Price is currently testing the trend line resistance, which might still keep...
The USD/JPY pair initially fell during the course of the session on Monday but found enough support near the 120.50 level to turn things back around and form a nice-looking hammer. The hammer of course should signify...
The USD/CAD pair went back and forth during the day on Monday, with a fairly negative tone. However, the 1.31 level offered enough support to turn things back around and form a bit of a hammer. Because...
The EUR/USD pair went back and forth during the course of the day on Monday, bouncing off of the trend line most importantly. This is a trend line that we at FX Empire have been following, as...
AUD/USD pair did nothing during the session on Monday that warranted any type of trading. We quite frankly just went sideways and ended up forming and an extraordinarily neutral candle. With that being the case, we feel...
EURJPY made a break below its symmetrical triangle last week but is still stuck in consolidation. Price is now stalling around the bottom of the descending triangle on its daily time frame. Support is located at the...
By Elliott Wave International The following article on currency devaluation’s role in deflation is from Elliott Wave International, the world’s largest financial forecasting firm. EWI has just released a new report, Deflation and the Devaluation Derby, to...
USDCAD is in downtrend from 1.3456, the rise from 1.2831 is likely correction of the downtrend. Another fall could be expected after correction, and the target would be at 1.2500 area. Resistance is at 1.3456, only break...
USDJPY is facing 121.62 resistance, a break of this level will indicate that the uptrend from 116.13 has resumed, then next target would be at 125.00 area. Support levels are at 118.16 and 116.13, only break below...
