USD/JPY Forecast November 11, 2016, Technical Analysis

by FX Empire | November 11, 2016 6:06 am
The USD/JPY pair initially fell during the day on Thursday, but found the 105 level to be supportive enough to turn things around and cause a significant bounce. We are now looking at trying to break out...

USD/CAD Forecast November 11, 2016, Technical Analysis

by FX Empire | November 11, 2016 6:05 am
The USD/CAD pair tried to rally during the course of the week, reaching towards the 1.35 level above. That is an area that has been resistance, and at this point in time I think that we may...

GBP/USD Forecast November 11, 2016, Technical Analysis

by FX Empire | November 11, 2016 6:05 am
The GBP/USD pair broke higher during the day on Thursday, clearing the 1.25 level. If we can break above the top of the shooting star from the Wednesday session, this market could easily reach towards the 1.2850...

EUR/USD Forecast November 11, 2016, Technical Analysis

by FX Empire | November 11, 2016 6:04 am
The EUR/USD pair initially rallied at the open on Thursday, but then continued the bearishness that we have seen. It looks as if we are pressing against the 1.0850 level below, and we could continue to go...

AUD/USD Forecast November 11, 2016, Technical Analysis

by FX Empire | November 11, 2016 6:03 am
The AUD/USD pair initially rallied on Thursday, but continues to find the 0.7750 level above massively resistive. Because of this, we did up falling rather significantly and now it looks like we are going to continue to...

GBPJPY Descending Channel (Nov 11, 2016)

by Kate Curtis | November 11, 2016 5:30 am
GBPJPY has staged a strong rally recently but is currently hitting the ceiling at the top of its descending channel pattern visible on the 4-hour chart. If this area keeps gains in check, price could head back...

USD/JPY Forecast November 10, 2016, Technical Analysis

by FX Empire | November 10, 2016 5:38 am
The USD/JPY pair initially collapsed during the day on Wednesday in reaction to the surprise presidential election, but as you can see ended up turning around in forming a massive hammer. We are now where we started...

USD/CAD Forecast November 10, 2016, Technical Analysis

by FX Empire | November 10, 2016 5:37 am
The USD/CAD pair broke higher during the day on Wednesday, as we cleared the 1.35 level at one point. We did get back some of the gains though, so at this point I believe that we will...

GBP/USD Forecast November 10, 2016, Technical Analysis

by FX Empire | November 10, 2016 5:36 am
The British pound initially rallied during the day Wednesday, but found enough resistance above the 1.25 level to turn things around and form a shooting star. This is a shooting star right at a major resistance barrier,...

EUR/USD Forecast November 10, 2016, Technical Analysis

by FX Empire | November 10, 2016 5:35 am
The EUR/USD pair initially tried to skyrocket during the day on Wednesday, as we had seen quite a bit of negative reaction initially to the US election of Donald Trump as the 45th president. Ultimately, the market...