GBP/USD Forecast May 5, 2016, Technical Analysis

by FX Empire | May 5, 2016 9:27 am
The GBP/USD pair initially tried to rally during the day but then dipped below the 1.45 handle. Ultimately, we ended up forming something akin to a shooting star so it looks as if the market is trying...

EUR/USD Forecast May 5, 2016, Technical Analysis

by FX Empire | May 5, 2016 9:26 am
The Euro tried to rally during the day on Wednesday, but struggled above the 1.15 level again. By doing so, we ended up forming a bit of a shooting star and it looks as if we may...

AUD/USD Forecast May 5, 2016, Technical Analysis

by FX Empire | May 5, 2016 9:25 am
The AUD/USD pair initially tried to rally during the day on Wednesday but found the area above the 0.75 level to be a little bit too rich. By doing so, we ended up turning a bit negative...

GBPUSD Uptrend Correction (May 05, 2016)

by Kate Curtis | May 5, 2016 3:57 am
GBPUSD has been trending higher recently, moving above a rising trend line on its 4-hour time frame. Price found resistance near the 1.4750 minor psychological level and seems to be in the middle of a correction. Applying...

USD/JPY Forecast May 4, 2016, Technical Analysis

by FX Empire | May 4, 2016 6:04 am
The USD/JPY pair initially fell during the course of the session on Tuesday, reaching towards the 105 level. This is an area that we have been talking about as being extremely important for some time, so having...

USD/CAD Forecast May 4, 2016, Technical Analysis

by FX Empire | May 4, 2016 6:03 am
The USD/CAD pair initially fell during the course of the session on Tuesday, but found enough support below the 1.25 level to turn things around and form a rather positive candle. This engulfing candle should signal that...

GBP/USD Forecast May 4, 2016, Technical Analysis

by FX Empire | May 4, 2016 6:03 am
The GBP/USD pair initially tried to rally during the day on Tuesday, but turned back around to form a very negative candle. The 1.45 level is offering support though, so this point in time not quite ready...

EUR/USD Forecast May 4, 2016, Technical Analysis

by FX Empire | May 4, 2016 6:02 am
The EUR/USD pair initially rose during the day on Tuesday, but turned back around to form a shooting star. The shooting star of course is a very negative sign, but as we have recently broken above resistance,...

AUD/USD Forecast May 4, 2016, Technical Analysis

by FX Empire | May 4, 2016 6:01 am
The AUD/USD pair fell significantly during the course of the session on Tuesday, crashing into the 0.75 support level. I believe that there is support all the way down to the 0.74 level, so a supportive candle...

EURAUD Double Bottom Pattern (May 04, 2016)

by Kate Curtis | May 4, 2016 4:25 am
EURAUD could be in for a reversal from its selloff, as price formed a double bottom pattern on the 4-hour time frame and broke above the neckline. Price is trading past the resistance at 1.5100 and could...