USD/CAD Forecast May 19, 2016, Technical Analysis

by FX Empire | May 19, 2016 6:10 am
The USD/CAD pair initially tried to rally during the course of the day on Wednesday, but found the 1.30 level to be far too resistive again as we ended up forming a shooting star. This is preceded...

GBP/USD Forecast May 19, 2016, Technical Analysis

by FX Empire | May 19, 2016 6:10 am
The GBP/USD pair initially fell during the day on Wednesday, but turned around to slice through the top of the shooting star from the Tuesday session. This of course is a very bullish sign, and as a...

EUR/USD Forecast May 19, 2016, Technical Analysis

by FX Empire | May 19, 2016 6:08 am
The EUR/USD pair fell slightly during the course of the day on Wednesday, as we continue to see quite a bit of volatility in this choppy market. However, we still have plenty of support just below, so...

AUD/USD Forecast May 19, 2016, Technical Analysis

by FX Empire | May 19, 2016 6:04 am
The AUD/USD pair initially fell during the course of the session on Wednesday but turned around to form a hammer. It is preceded by a shooting star on Tuesday though, and as a result it looks as...

GBPJPY Ascending Triangle (May 19, 2016)

by Kate Curtis | May 19, 2016 3:36 am
GBPJPY has formed higher lows and found resistance at the 162.00 major psychological level, creating an ascending triangle pattern on its 4-hour time frame. Price made a bounce off support around 155.50 earlier on and appears poised...

USD/JPY Forecast May 18, 2016, Technical Analysis

by FX Empire | May 18, 2016 7:15 am
The USD/JPY pair initially tried to rally during the course of the session on Tuesday, but turned around to form a bit of a shooting star as the 110 level above continues to be massively resistive. It...

USD/CAD Forecast May 18, 2016, Technical Analysis

by FX Empire | May 18, 2016 7:14 am
The USD/CAD pair went back and forth during the course of the day on Tuesday, showing that we continue to struggle just below the 1.30 level. If we can break above there, that would be a very...

GBP/USD Forecast May 18, 2016, Technical Analysis

by FX Empire | May 18, 2016 7:11 am
The GBP/USD pair initially tried to rally during the day on Tuesday, but found the area above the 1.45 level to be far too resistive. By doing so, we ended up forming a shooting star and it...

EUR/USD Forecast May 18, 2016, Technical Analysis

by FX Empire | May 18, 2016 7:11 am
The EUR/USD pair rose slightly during the course of the day on Tuesday, as we continue to bounce around off of the 1.13 level. Ultimately, this is a market that will try to get to the 1.14...

AUD/USD Forecast May 18, 2016, Technical Analysis

by FX Empire | May 18, 2016 7:10 am
The AUD/USD pair rose during the day on Tuesday, reaching back above the 0.73 handle again. However, we have the 200 day exponential moving average just above, as it was resistance previously. Because of this, we are...