USD/JPY Forecast April 21, 2016, Technical Analysis

by FX Empire | April 21, 2016 5:47 am
The USD/JPY pair broke higher during the course of the day on Wednesday, clearing the top of the shooting star from the Tuesday session. This is a very positive sign, and means that we will more than...

USD/CAD Forecast April 21, 2016, Technical Analysis

by FX Empire | April 21, 2016 5:47 am
The USD/CAD pair fell during the day on Wednesday, breaking below the bottom of the hammer from Tuesday. This is a very bearish sign, and signifies that the sellers are most certainly still in control. It’s probably...

GBP/USD Forecast April 21, 2016, Technical Analysis

by FX Empire | April 21, 2016 5:46 am
The GBP/USD pair went back and forth during the day on Wednesday, as we are starting to run out of momentum to the upside. This is not a huge surprise, quite frankly we are getting close enough...

EUR/USD Forecast April 21, 2016, Technical Analysis

by FX Empire | April 21, 2016 5:45 am
The EUR/USD pair initially tried to rally during the day on Wednesday, but turn right back around to form a rather negative candle. By doing so, the negative candle shows us that there is still quite a...

AUD/USD Forecast April 21, 2016, Technical Analysis

by FX Empire | April 21, 2016 5:44 am
The AUD/USD pair rose during the day on Wednesday, but struggled as we broke above the top of the shooting star from Tuesday. Nonetheless, this is a bullish sign, so it seems as if we are going...

NZDUSD Uptrend Retracement (Apr 21, 2016)

by Kate Curtis | April 21, 2016 4:34 am
NZDUSD has been trending higher recently, moving above an ascending trend line on its 4-hour time frame. Price found resistance around the .7050 minor psychological level and might be due for another test of the trend line....

USD/JPY Forecast April 20, 2016, Technical Analysis

by FX Empire | April 20, 2016 6:32 am
The USD/JPY pair went back and forth during the day on Tuesday, as we broke above the 109 level. However, there’s a lot of noise between here and the 110 level, so it’s likely that we could...

USD/CAD Forecast April 20, 2016, Technical Analysis

by FX Empire | April 20, 2016 6:31 am
The USD/CAD pair fell during the course of the session on Tuesday, as we are now well below the 1.28 handle. That being the case, the market should then go down to the 1.25 handle. Ultimately, it...

GBP/USD Forecast April 20, 2016, Technical Analysis

by FX Empire | April 20, 2016 6:30 am
The GBP/USD pair broke higher during the day on Tuesday, as we continue to drive towards the 1.45 level. We believe that short-term pullbacks might be buying opportunities now, as the market has been consolidating between the...

EUR/USD Forecast April 20, 2016, Technical Analysis

by FX Empire | April 20, 2016 6:30 am
EUR/USD pair rose during the day on Tuesday, as we slammed into the 1.14 region. There is quite a bit of resistance here though, so more than likely we will have to pullback in order to build...