EUR/USD Forecast May 31, 2016, Technical Analysis

by FX Empire | May 31, 2016 6:21 am
The EUR/USD pair rose slightly during the course of the day on Monday, but you have to keep in mind that the Americans were away for the Memorial Day holiday. Because of this, the market would have...

AUD/USD Forecast May 31, 2016, Technical Analysis

by FX Empire | May 31, 2016 6:20 am
The AUD/USD pair initially fell during the course of the day on Monday, but turned back around to form a hammer. The hammer of course is very supportive, but there is quite a bit of noise just...

USDJPY Rising Channel (May 31, 2016)

by Kate Curtis | May 31, 2016 4:30 am
USDJPY has been trending higher recently, moving inside a rising channel pattern on the 1-hour time frame. Price just came off a test of resistance and might be ready for a pullback to the channel support, which...

EURGBP Long-Term Area of Interest (May 30, 2016)

by Kate Curtis | May 30, 2016 5:42 am
EURGBP has been selling off recently but it appears to be stalling at a longer-term correction level. Zooming out to the daily time frame reveals that price is stalling at the 50% Fibonacci retracement level and might...

USD/JPY Forecast May 30, 2016, Technical Analysis

by FX Empire | May 28, 2016 6:43 am
The USD/JPY pair initially fell during the day on Friday, but then shot higher and above the 110 handle. This is a market that continues to see quite a bit of support underneath this area, so with...

GBP/USD Forecast May 30, 2016, Technical Analysis

by FX Empire | May 28, 2016 6:42 am
The GBP/USD pair initially tried to rally on Friday but then turn right back around form a negative candle. That being the case, looks as if we’re going to try to grind our way back down to...

EUR/USD Forecast May 30, 2016, Technical Analysis

by FX Empire | May 28, 2016 6:41 am
The EUR/USD pair fell slightly during the course of the session on Friday, as we continue to see bearishness. However, there is a massive amount of support near the 1.10 level below, so we are not expecting...

AUD/USD Forecast May 30, 2016, Technical Analysis

by FX Empire | May 28, 2016 6:41 am
The AUD/USD pair fell slightly during the course of the session here on Friday, as we continue to see quite a bit of negative pressure. With this being the case, we believe that rallies will continue to...

NZDUSD Descending Channel (May 27, 2016)

by Kate Curtis | May 27, 2016 4:49 am
NZDUSD has been trending lower on the short-term charts, moving inside a descending channel on the 1-hour time frame. Price is currently testing the resistance and a drop towards support might be due. The top of the...

USD/JPY Forecast May 26, 2016, Technical Analysis

by FX Empire | May 26, 2016 6:14 am
The USD/JPY pair went back and forth during the course of the day on Wednesday, as we continue to be attracted to the 110 handle. If we can break above the top of the shooting star from...