EUR/USD Forecast April 8, 2016, Technical Analysis

by FX Empire | April 8, 2016 6:18 am
The EUR/USD pair went back and forth during the course of the session on Thursday, showing that we continue to struggle at the 1.14 level. The market looks as if there is quite a bit of resistance...

AUD/USD Forecast April 8, 2016, Technical Analysis

by FX Empire | April 8, 2016 6:18 am
The AUD/USD pair initially tried to rally during the course of the session on Thursday, but turn right back around to crash into the 0.75 level below. We believe that there is a significant amount of support...

EURJPY Broken Trend Line Pullback (Apr 08, 2016)

by Kate Curtis | April 8, 2016 5:33 am
EURJPY previously broke below a rising trend line support on the 4-hour time frame and might be due for a correction soon. Price is already nearing the previous lows at 122.00 and sellers might be waiting for...

USD/JPY Forecast April 7, 2016, Technical Analysis

by FX Empire | April 7, 2016 9:00 am
The USD/JPY pair broke down during the course of the session on Wednesday, breaking below the 110 level. Because of this, if we can break down below the bottom of the range during the course of the...

USD/CAD Forecast April 7, 2016, Technical Analysis

by FX Empire | April 7, 2016 8:59 am
The USD/CAD pair initially tried to rally during the course of the day on Wednesday, but turned back around to form a bit of an exhaustive candle. Because of this, looks as if the market is going...

GBP/USD Forecast April 7, 2016, Technical Analysis

by FX Empire | April 7, 2016 8:58 am
The GBP/USD pair initially fell during the course of the day on Wednesday, but found enough support at the 1.40 level to turn things around drastically and form a nice-looking hammer. The hammer of course suggesting that...

EUR/USD Forecast April 7, 2016, Technical Analysis

by FX Empire | April 7, 2016 8:57 am
The EUR/USD pair initially fell during the day on Wednesday, but turn right back around to form a fairly bullish candle. Because of this, it looks as if the Euro is trying to reach towards the 1.15...

AUD/USD Forecast April 7, 2016, Technical Analysis

by FX Empire | April 7, 2016 8:57 am
The AUD/USD pair initially fell on Wednesday but found enough support just above the 0.75 level again to bounce. Because of this, it’s very likely that we will continue to go higher forward, but we recognize it...

USDCAD Downtrend Channel (Apr 07, 2016)

by Kate Curtis | April 7, 2016 5:33 am
USDCAD has been trending lower, thanks to the recent rallies in oil prices. Price has formed lower highs and lower lows, creating a descending channel pattern on its 4-hour chart. The pair just recently tested the resistance...

USD/JPY Forecast April 6, 2016, Technical Analysis

by FX Empire | April 6, 2016 6:05 am
The USD/JPY pair fell during the course of the day on Tuesday, testing the 110 level. We did bounce from there though, as the market is preparing to deal with the FOMC Meeting Minutes. With that being...