The EUR/USD pair rallied significantly during the day on Thursday, slamming into the 1.25 handle above, and then slicing through it again. I think that the market is going to continue to go to the upside, you...
If you’ve been reading my work here at FX Empire, you know that I think the area around the 0.80 level is positively crucial for the longer-term attitude of this market. It goes back to the late...
USDCAD remains in the downtrend from 1.2590, the bounce from 1.2281 is likely consolidation of the downtrend. Further decline could be expected after the consolidation and next target would be at 1.2200 area. Near term resistance is...
USDJPY extended its downside movement from 113.38 to as low as 108.49. Further decline is still possible after consolidation and next target would be at 107.31. Near term resistance is at the top trend line of the...
AUDUSD stays above a bullish trend line on its 4-hour chart and remains in the uptrend from 0.7501. As long as the trend line support holds, the fall from 0.8118 could be treated as consolidation of the...
GBPUSD remains in the uptrend from 1.3458. As long as the price is above the rising trend line on the 4-hour chart, the fall from 1.4345 could be treated as consolidation of the uptrend and another rise...
EURUSD remains in the uptrend from 1.1915, the fall from 1.2537 is likely consolidation of the uptrend. As long as the price is in the rising price channel on the 4-hour chart, the uptrend could be expected...
The US dollar broke down significantly during the trading session on Wednesday, slicing through what would have been significant support. The 110 level of course is structurally supportive, but it is also the 61.8% Fibonacci retracement level...
The US dollar has broken down during the trading session on Wednesday, breaking below the 1.24 handle. By doing so, it frees up the market to go much lower, perhaps down to the 1.23 level, and then...
The British pound broke out to the upside during trading on Wednesday, reaching well above the 1.42 level. The breaking of the 1.40 level was in fact a significant event, and it now looks likely that we...
