EUR/USD Forecast October 27, 2016, Technical Analysis

by FX Empire | October 27, 2016 6:03 am
The EUR/USD pair rallied rather significantly during the day on Wednesday, touching the 1.0950 region. However, we gave up a lot of this gains in order to form a shooting star like candle, and that of course...

AUD/USD Forecast October 27, 2016, Technical Analysis

by FX Empire | October 27, 2016 6:02 am
The AUD/USD pair initially tried to rally during the course of the day on Wednesday but turned around to form a massive shooting star. While this is typically a negative sign, the reality is that the lows...

EURJPY Inverse Head and Shoulders (Oct 27, 2016)

by Kate Curtis | October 27, 2016 3:28 am
EURJPY could be in for a reversal from its selloff, as the pair formed an inverse head and shoulders pattern on its 1-hour time frame. Price already broke past the neckline at the 114.00 major psychological mark...

USD/JPY Forecast October 26, 2016, Technical Analysis

by FX Empire | October 26, 2016 6:34 am
The USD/JPY pair initially tried to rally during the course of the session on Tuesday, but found the 105 level above to be far too resistive to continue going higher. Because of this, we pulled back to...

USD/CAD Forecast October 26, 2016, Technical Analysis

by FX Empire | October 26, 2016 6:33 am
The USD/CAD pair went back and forth during the day on Tuesday, as we continue to see quite a bit of volatility in this market. We recently had a nice move higher, and I believe at this...

GBP/USD Forecast October 26, 2016, Technical Analysis

by FX Empire | October 26, 2016 6:32 am
The GBP/USD pair fell during the day on Tuesday, but bounced enough to form a bit of a hammer. It makes a lot of sense that we would see it here, because the 1.20 level is still...

EUR/USD Forecast October 26, 2016, Technical Analysis

by FX Empire | October 26, 2016 6:31 am
The EUR/USD pair initially fell during the course of the day on Tuesday, but found the 1.0850 level to be supportive enough to turn things around and form a bit of a hammer. The hammer of course...

AUD/USD Forecast October 26, 2016, Technical Analysis

by FX Empire | October 26, 2016 6:31 am
The AUD/USD pair rallied during the day on Tuesday, breaking above the top of the shooting star from the Monday session. Ultimately, if we can break above the top of the candle from the session on Tuesday,...

EURAUD Triangle Pullback (Oct 26, 2016)

by Kate Curtis | October 26, 2016 4:41 am
EURAUD recently broke below the short-term triangle consolidation pattern. Price dipped to a low of 1.4125 before showing signs of pulling up and using the Fib tool on the breakout move shows that the 61.8% level is...

USD/JPY Forecast October 25, 2016, Technical Analysis

by FX Empire | October 25, 2016 6:32 am
The USD/JPY pair initially fell during the day on Monday, but turned around to form a green and bullish candle. However, we have not broken out and I still think that there is a significant amount of...