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...

USD/CAD Forecast April 6, 2016, Technical Analysis

by FX Empire | April 6, 2016 6:04 am
The USD/CAD pair rose during the course of the day on Tuesday, but pullback a little bit to get some of the gains bank. Ultimately though, it does look like that we are trying to break out...

GBP/USD Forecast April 6, 2016, Technical Analysis

by FX Empire | April 6, 2016 6:03 am
The GBP/USD pair fell during the course of the day on Tuesday, as we continue to bang around in a consolidation area in this market. Ultimately this is a market that seems like it is going to...

EUR/USD Forecast April 6, 2016, Technical Analysis

by FX Empire | April 6, 2016 6:03 am
The EUR/USD pair initially fell during the course of the day on Tuesday, but turned right back around to form a bit of a hammer. That hammer suggests that we are going to try to go higher...

AUD/USD Forecast April 6, 2016, Technical Analysis

by FX Empire | April 6, 2016 6:02 am
AUD/USD pair initially tried to rally during the day on Tuesday but turn right back around to fall into the 0.75 handle. The 0.75 handle has support all the way to the 0.74 level below it, so...