AUD/USD Forecast May 9, 2016, Technical Analysis

by FX Empire | May 9, 2016 7:47 am
The AUD/USD pair initially fell during the course of the session on Friday, but turn right back around to form a hammer. Quite frankly, this is a market that has sold off rather drastically after the Reserve...

AUDUSD Major Correction (May 09, 2016)

by Kate Curtis | May 9, 2016 5:37 am
AUDUSD has been selling off in the past weeks but is currently finding support at the 50% Fibonacci retracement level on the 4-hour time frame. This lines up with an area of interest or former resistance around...

USD/JPY Forecast May 6, 2016, Technical Analysis

by FX Empire | May 6, 2016 6:27 am
The USD/JPY pair went back and forth during the course of the day on Thursday, showing that we saw quite a bit of volatility. If we can break higher, the 108 level will be tested. I think...

USD/CAD Forecast May 6, 2016, Technical Analysis

by FX Empire | May 6, 2016 6:27 am
The USD/CAD pair initially fell during the course of the day on Thursday, but turn right back around to form a bit of a hammer. We are approaching the 1.30 level, and what will be interesting today...

GBP/USD Forecast May 6, 2016, Technical Analysis

by FX Empire | May 6, 2016 6:26 am
The GBP/USD pair broke down during the course of the day on Thursday, but still remains above the 1.44 level. That’s the area that we would have to break down in order for me to start selling...

EUR/USD Forecast May 6, 2016, Technical Analysis

by FX Empire | May 6, 2016 6:25 am
The EUR/USD pair fell significantly during the course of the session on Thursday, as we broke down below the bottom of the shooting star from the previous day. However, there is a significant amount of support near...

AUD/USD Forecast May 6, 2016, Technical Analysis

by FX Empire | May 6, 2016 6:25 am
The AUD/USD pair fell during the course of the session on Thursday, as we test the support down between the 0.75 level and the 0.74 handle. Ultimately, this is a market that will be very sensitive to...

GBPAUD Trend Line Test (May 06, 2016)

by Kate Curtis | May 6, 2016 3:47 am
GBPAUD has been trending lower on the 4-hour time frame, moving below a descending trend line connecting the latest highs of price action. Price looks ready for another test of this trend line soon and technical indicators...

USD/JPY Forecast May 5, 2016, Technical Analysis

by FX Empire | May 5, 2016 9:28 am
The USD/JPY pair initially fell during the day on Wednesday but found enough support near the 106 level to turn things back around and form a hammer. The hammer of course is a bullish sign, and it...

USD/CAD Forecast May 5, 2016, Technical Analysis

by FX Empire | May 5, 2016 9:27 am
The USD/CAD pair broke higher during the course of the day on Wednesday, as it looks like we are ready to try to reach towards the 1.30 level. This is an area that should be massively resistive...