GBP/USD Forecast December 6, 2013, Technical Analysis

by FX Empire | December 6, 2013 7:31 am
The GBP/USD pair fell during the session on Thursday, dipping to the 1.63 handle before the day ended. However, we did get a little bit of a bounce from their and it appears that the market is...

EUR/USD Forecast December 6, 2013, Technical Analysis

by FX Empire | December 6, 2013 7:31 am
The EUR/USD pair initially fell during the session on Thursday, but shot much higher and close above the 1.36 level for the first time in ages. That being the case, we still have a little bit of...

AUD/USD Forecast December 6, 2013, Technical Analysis

by FX Empire | December 6, 2013 7:27 am
The AUD/USD pair initially fell during the session on Thursday, but found enough support at the 0.90 level again to bounce. We believe that this level should hold, at least until the nonfarm payroll numbers come out.

USD/JPY Forecast December 5, 2013, Technical Analysis

by FX Empire | December 5, 2013 6:43 am
The USD/JPY pair is one that will be very interesting to watch the rest of this week. With the nonfarm payroll number coming out on Friday, it is not surprising that the market simply went back and...

USD/CAD Forecast December 5, 2013, Technical Analysis

by FX Empire | December 5, 2013 6:42 am
The USD/CAD pair rose during the session on Wednesday, breaking the top of the shooting star that had formed on Tuesday. This is a very bullish sign, and we think this pair continues to go higher. The...

GBP/USD Forecast December 5, 2013, Technical Analysis

by FX Empire | December 5, 2013 6:40 am
The GBP/USD pair fell during a large portion of the session on Wednesday, but as you can see bounced off of the 1.63 handle in order to form a nice looking hammer. This hammer is preceded by...

EUR/USD Forecast December 5, 2013, Technical Analysis

by FX Empire | December 5, 2013 6:39 am
The EUR/USD pair initially fell during the session on Wednesday, but as you can see found support right above the 1.35 handle in order to bounce and form a hammer. This hammer of course suggests that we...

AUD/USD Forecast December 5, 2013, Technical Analysis

by FX Empire | December 5, 2013 6:38 am
The AUD/USD pair fell hard during the session on Wednesday, as GDP numbers out of that country came in a bit light. Because of this, it had people running from the Australian dollar, and we did in...

NZD/USD Forming a Channel (December 5, 2013)

by Kate Curtis | December 5, 2013 6:33 am
NZD/USD has been trending lower in the near term, as seen on the 1-hour and 4-hour time frames. To be specific, a falling channel is starting to form on the 4-hour chart, as the pair is getting...

Global Service Sector Snapshot – Paxforex

by Paxforex | December 4, 2013 6:12 pm
On Monday trader’s received plenty of report on the global manufacturing sector which overall came in much better than expected and some traders were hopefully that the more important service sector would follow suit and beat expectations...