USD/CAD Forecast July 6, 2016, Technical Analysis

by FX Empire | July 6, 2016 5:52 am
The USD/CAD pair rose during the day on Tuesday, reaching towards the 1.30 level. Ultimately, this is a market that should continue to be very volatile, but on top of that highly influenced by the oil markets....

GBP/USD Forecast July 6, 2016, Technical Analysis

by FX Empire | July 6, 2016 5:51 am
The GBP/USD pair fell during the course of the day on Tuesday, breaking down to a fresh, new low. Because of this, I believe that the market should continue to go lower but I also recognize that...

EUR/USD Forecast July 6, 2016, Technical Analysis

by FX Empire | July 6, 2016 5:50 am
The EUR/USD pair initially tried to rally during the course of the day on Tuesday but found the previous uptrend line as resistive, and as a result we turn right back around to form a fairly negative...

AUD/USD Forecast July 6, 2016, Technical Analysis

by FX Empire | July 6, 2016 5:49 am
The AUD/USD pair fell a bit during the course of the day on Tuesday as traders returned from the Independence Day holiday in America. The 0.76 level appears to be offering quite a bit of resistance, so...

EURGBP Rising Wedge Breakout (July 06, 2016)

by Kate Curtis | July 6, 2016 2:05 am
EURGBP was recently consolidating inside a rising wedge formation then recently broke to the upside, indicating that buyers are gaining strength. The chart pattern is approximately 400 pips tall so the resulting rally could last by the...

USD/JPY Forecast July 5, 2016, Technical Analysis

by FX Empire | July 5, 2016 6:08 am
The USD/JPY pair did very little during the course of the day on Monday, and as a result I am simply standing on the sidelines when it comes to the Japanese yen. On top of that, we...

USD/CAD Forecast July 5, 2016, Technical Analysis

by FX Empire | July 5, 2016 6:08 am
The USD/CAD pair fell during the day on Monday, and fairly light trading. After all, the Americans were celebrating Independence Day, which of course ways upon liquidity. The amount of money coming out of the United States...

GBP/USD Forecast July 5, 2016, Technical Analysis

by FX Empire | July 5, 2016 6:07 am
The GBP/USD pair did very little on Monday, as the market continues to simply grind sideways. The British pound has been sold off drastically lately, and I do see the 1.35 level above as massively resistant, and...

EUR/USD Forecast July 5, 2016, Technical Analysis

by FX Empire | July 5, 2016 6:05 am
The EUR/USD pair initially fell during the day on Monday, but then turned back around to form a bit of a hammer. The hammer of course is a bullish sign but I also have the previous uptrend...

AUD/USD Forecast July 5, 2016, Technical Analysis

by FX Empire | July 5, 2016 6:04 am
The AUD/USD pair broke above the 0.75 level during the day on Monday, but we are still below the pressure that had formed a shooting star from the previous week. Because of this I believe that the...