AUD/USD Forecast December 23, 2016, Technical Analysis

by FX Empire | December 23, 2016 6:19 am
The Australian dollar had a volatile session on Thursday as we continue to bang around at fresh, new lows. I believe that the market is going to reach down to the 0.70 level underneath, and at this...

USD/JPY Forecast December 22, 2016, Technical Analysis

by FX Empire | December 22, 2016 7:24 am
The USD/JPY pair initially fell on Wednesday but found enough support underneath to turn things back around and form a hammer. That suggests that we are going to continue to go higher, perhaps reaching towards the 120...

USD/CAD Forecast December 22, 2016, Technical Analysis

by FX Empire | December 22, 2016 7:22 am
The USD/CAD pair rallied just a bit during the session on Wednesday, as we continue to see a lot of choppiness in this pair. Keep in mind that the Canadian dollar is driven by the value of...

GBP/USD Forecast December 22, 2016, Technical Analysis

by FX Empire | December 22, 2016 7:21 am
The British pound went back and forth on Wednesday, as we continue to chop just below the previous uptrend line. Because of this, it’s likely that the market is trying to figure out which way it wants...

EUR/USD Forecast December 22, 2016, Technical Analysis

by FX Empire | December 22, 2016 7:20 am
The EUR/USD pair rallied on Tuesday, trying to reach the 1.05 level. That’s an area that is massively resistive though, as it was massively supportive in the past. Because of this, I’m looking to short-term charts that...

AUD/USD Forecast December 22, 2016, Technical Analysis

by FX Empire | December 22, 2016 7:18 am
The AUD/USD pair fell a bit during the session on Wednesday, as we continue to see quite a bit of resistance near the 0.73 level. I think that any short-term candle that looks suspiciously exhaustive it is...

USD/JPY Forecast December 21, 2016, Technical Analysis

by FX Empire | December 21, 2016 6:39 am
The USD/JPY pair rallied on Tuesday, as we continue to see quite a bit of volatility in this pair. This is a market that continues to find buyers every time we drop, because of the relative “value”...

USD/CAD Forecast December 21, 2016, Technical Analysis

by FX Empire | December 21, 2016 6:38 am
The USD/CAD pair initially tried to rally on Tuesday, but turned around to form a slightly negative candle. This slightly negative candle could lead to a short-term pullback, but I think that the markets may settle down...

GBP/USD Forecast December 21, 2016, Technical Analysis

by FX Empire | December 21, 2016 6:37 am
The GBP/USD pair fell during the session on Tuesday, breaking below the bottom of the uptrend line from previous weeks. Because of this, I think that the market is going to start drifting lower, and if we...

EUR/USD Forecast December 21, 2016, Technical Analysis

by FX Empire | December 21, 2016 6:36 am
The EUR/USD pair fell on Tuesday, making a fresh, new low. In fact, this was a 14 year low in this pair, so it’s obvious that the Euro is absolutely broken. Currently, I believe that the rallies...