USD/CAD Forecast May 9, 2013, Technical Analysis

by FX Empire | May 9, 2013 4:04 am
The USD/CAD pair fell during the session on Wednesday, but remains above the parity level. The pair did get a little bit of a bounce later in the session, although it did not bounce enough to form...

GBP/USD Forecast May 9, 2013, Technical Analysis

by FX Empire | May 9, 2013 4:01 am
The GBP/USD pair rallied during the session on Wednesday, but as you can see found for what the 1.56 level yet again. Because of the pullback, it’s obvious that we are still within the recent consolidation area,...

EUR/USD Forecast May 9, 2013, Technical Analysis

by FX Empire | May 9, 2013 4:00 am
The EUR/USD pair had a strong showing during the session on Wednesday, but most importantly could not break above the 1.32 resistance level that has contained the pair for some time now.

AUD/USD Forecast May 9, 2013, Technical Analysis

by FX Empire | May 9, 2013 3:58 am
The AUD/USD pair initially rallied during the session on Wednesday, but as you can see the 1.02 level did offer enough resistance in order to form a shooting star. This shooting star is at the bottom of...

USD/JPY Forecast May 8, 2013, Technical Analysis

by FX Empire | May 8, 2013 9:46 am
The USD/JPY pair fell during the session on Tuesday, but just barely sell. The 99 handle offered support, and as you can see stopped any significant selloff. In our opinion, this is a “buy only” market place,...

USD/CAD Forecast May 8, 2013, Technical Analysis

by FX Empire | May 8, 2013 9:45 am
The USD/CAD pair fell during the session on Tuesday again, but still remained above the all-important parity level. Because of this, we don’t essentially see much in the way of trading this market, but do understand that...

GBP/USD Forecast May 8, 2013, Technical Analysis

by FX Empire | May 8, 2013 9:44 am
The GBP/USD pair fell on Tuesday, breaking below the 1.55 level. The market continues to grind away though, and as you can see support came back into the marketplace and push prices up a bit from the...

EUR/USD Forecast May 8, 2013, Technical Analysis

by FX Empire | May 8, 2013 9:43 am
The EUR/USD continues to grind away sideways, stuck in a consolidation area between the 1.30 handle, and the 1.32 level. With that being the case, this is not an easy currency pair to trade unless you’re going...

AUD/USD Forecast May 8, 2013, Technical Analysis

by FX Empire | May 8, 2013 9:42 am
The AUD/USD pair fell during the session on Tuesday, breaking below the 1.02 level for the first time in what seems like ages. This would’ve been predicated mainly upon the Reserve Bank of Australia cutting rates down...

EUR/USD Descending Triangle (May 8, 2013)

by Kate Curtis | May 8, 2013 7:13 am
  EUR/USD is slowly edging closer and closer to the 1.3000 major psychological support again as the pair has formed lower highs on its 1-hour chart. In fact, it has created a descending triangle pattern on the...