EURJPY Testing Major Support (Apr 29, 2016)

by Kate Curtis | April 29, 2016 2:56 am
EURJPY has been moving sideways on its 4-hour time frame, finding resistance around 127.50 and support at the 122.00 major psychological level. Price is currently testing the bottom of the range, still deciding whether to make a...

USD/JPY Forecast April 28, 2016, Technical Analysis

by FX Empire | April 28, 2016 8:14 am
The USD/JPY pair rose during the course of the day on Wednesday, as we continue to try to grind higher after the significant fall though we had seen previously. With this, we think there is massive support...

USD/CAD Forecast April 28, 2016, Technical Analysis

by FX Empire | April 28, 2016 8:13 am
The USD/CAD pair initially fell during the course of the session on Wednesday, but found enough support to turn things back around and form something akin to a hammer. With this being the case, it’s likely that...

GBP/USD Forecast April 28, 2016, Technical Analysis

by FX Empire | April 28, 2016 8:13 am
The GBP/USD pair initially rose during the course of the session on Wednesday, but turned right back around to form a bit of an exhaustive candle. With this, it looks like we are going to test the...

EUR/USD Forecast April 28, 2016, Technical Analysis

by FX Empire | April 28, 2016 8:12 am
The EUR/USD pair had a slightly positive session during the day on Wednesday, pre-FOMC Statement. Because of this, the market looks as if it has a proclivity to go higher over the longer term, so having that...

AUD/USD Forecast April 28, 2016, Technical Analysis

by FX Empire | April 28, 2016 8:09 am
The AUD/USD pair fell during the course of the session on Wednesday, breaking below the 0.76 level at one point. This is a market that has plenty of support below though, especially at the 0.75 handle. With...

USD/JPY Forecast April 27, 2016, Technical Analysis

by FX Empire | April 27, 2016 6:07 am
The USD/JPY pair initially fell during the course of the session on Tuesday but turn right back around to form a significantly bullish candle. That being the case, the market looks as if it is going to...

USD/CAD Forecast April 27, 2016, Technical Analysis

by FX Empire | April 27, 2016 6:06 am
The USD/CAD pair fell during the day on Tuesday, as we continue to press the 1.26 level below. That’s an area that causes support, but given enough time we should break down below in order to find...

GBP/USD Forecast April 27, 2016, Technical Analysis

by FX Empire | April 27, 2016 6:06 am
The GBP/USD pair broke above the 1.45 level significantly during the day on Tuesday, which is exactly what we have been waiting for here at FX Empire as a sign of bullish momentum in the British pound...

EUR/USD Forecast April 27, 2016, Technical Analysis

by FX Empire | April 27, 2016 6:04 am
The EUR/USD pair initially tried to rally during the day on Tuesday, but pullback in order to form a relatively benign candle. That being the case, looks as if the market could drop from here but we...