GBP/USD Forecast September 7, 2016, Technical Analysis

by FX Empire | September 7, 2016 4:25 am
The GBP/USD pair broke higher during the course of the day on Tuesday, as we reach towards the 1.35 handle. However, I recognize that there is a lot of resistance between here and the 1.3650 level, so...

EUR/USD Forecast September 7, 2016, Technical Analysis

by FX Empire | September 7, 2016 4:24 am
The EUR/USD pair had a very strong session on Tuesday, slicing through the 1.12 level during the day. This of course signifies that we are heading back into the previous consolidation area, and it should reach towards...

AUD/USD Forecast September 7, 2016, Technical Analysis

by FX Empire | September 7, 2016 4:23 am
The AUD/USD pair broke higher during the course of the session on Tuesday, slamming into the 0.7675 handle. This is an area that was pretty big resistance, and now that we get an interest-rate announcement coming out...

GBPUSD Ascending Channel (Sep 07, 2016)

by Kate Curtis | September 7, 2016 3:43 am
GBPUSD has been trending higher on its 1-hour chart, moving inside an ascending channel and testing the resistance. If the ceiling holds for now, price could pull back to the channel support before resuming its climb. Applying...

USD/JPY Forecast September 6, 2016, Technical Analysis

by FX Empire | September 6, 2016 6:11 am
USD/JPY markets fell during the day on Monday, as we continue to see quite a bit of volatility in this pair. I believe that the 102.50 level below is supportive though, so sooner or later the buyers...

USD/CAD Forecast September 6, 2016, Technical Analysis

by FX Empire | September 6, 2016 6:10 am
The USD/CAD pair broke down during the course of the day on Monday, slamming into the 1.29 handle. By doing so, we ended up testing the support that one would expect there due to the action a...

GBP/USD Forecast September 6, 2016, Technical Analysis

by FX Empire | September 6, 2016 6:09 am
The British pound initially tried to rally during the day on Monday, but turn right back around to form a shooting star. The shooting star of course is a negative sign, and as a result I believe...

EUR/USD Forecast September 6, 2016, Technical Analysis

by FX Empire | September 6, 2016 6:08 am
The EUR/USD pair went back and forth during the course of the day on Monday, essentially settling nothing. Perhaps lack of volume was part of the problem as Americans were away for Labor Day. That being the...

AUD/USD Forecast September 6, 2016, Technical Analysis

by FX Empire | September 6, 2016 6:07 am
The AUD/USD pair rallied slightly during the day on Monday, but we await the Reserve Bank of Australia and its interest-rate announcement first thing in the morning. With this, it’s likely to see a lot of volatility...

EURAUD Range Support (Sep 06, 2016)

by Kate Curtis | September 6, 2016 3:18 am
EURAUD seems to be trading inside a range these days, finding support at the 1.4500 major psychological mark and resistance at 1.4850. Price bounced off the top of the range and seems to have its sights set...