GBP/USD Forecast October 5, 2016, Technical Analysis

by FX Empire | October 5, 2016 8:26 am
The GBP/USD pair broke down significantly during the course of the day on Tuesday, slicing through the 1.2850 level. By doing so, looks as if the market will continue to go much lower, perhaps reaching down to...

EUR/USD Forecast October 5, 2016, Technical Analysis

by FX Empire | October 5, 2016 8:25 am
The EUR/USD pair fell rather significantly during the course of the day on Tuesday, crashing into the 1.1150 level. I think if we can break down below the 1.11 level, the market will then break down to...

AUD/USD Forecast October 5, 2016, Technical Analysis

by FX Empire | October 5, 2016 8:25 am
The Australian dollar fell during the day on Tuesday, as we continue to consolidate around the 0.7650 region. At this point in time, I very comfortable sitting on the sidelines as I don’t think there’s much of...

USDJPY Triangle Breakout (Oct 05, 2016)

by Kate Curtis | October 5, 2016 6:06 am
USDJPY seems to be establishing bullish momentum as price started to break above the descending triangle resistance visible on its 4-hour chart. The chart pattern is approximately 700 pips tall so the resulting breakout could be of...

USD/JPY Forecast October 4, 2016, Technical Analysis

by FX Empire | October 4, 2016 8:38 am
The USD/JPY pair has fallen during the course of the session initially on Monday, but then turn right back around to form a bit of a hammer. The hammer of course is a bullish sign and I...

USD/CAD Forecast October 4, 2016, Technical Analysis

by FX Empire | October 4, 2016 8:37 am
The USD/CAD pair initially fell during the day on Monday but turned right back around to form a nice-looking hammer. This was mainly due to the fact that the oil markets got a little bit of a...

GBP/USD Forecast October 4, 2016, Technical Analysis

by FX Empire | October 4, 2016 8:36 am
The GBP/USD pair broke down during the course of the session on Monday, slicing through the 1.2850 level. If we can break down below the bottom of the candle for the session, we should then be able...

AUD/USD Forecast October 4, 2016, Technical Analysis

by FX Empire | October 4, 2016 8:35 am
The EUR/USD pair fell slightly during the course of the session on Monday, and as a result I feel that there is more than enough support below to eventually find buyers, and I believe that the 1.1150...

AUD/USD Forecast October 4, 2016, Technical Analysis

by FX Empire | October 4, 2016 8:34 am
The AUD/USD pair broke higher during the course of the session on Monday, but gave back more than half of the gains from the early part of the session. With this being the case, the market looks...

GBPJPY Triangle Support (Oct 04, 2016)

by Kate Curtis | October 4, 2016 6:02 am
GBPJPY has been selling off recently but is currently testing support at the descending triangle pattern visible on its 4-hour chart. Price seems to have found a floor at the 130.00 major psychological level and could be...