USD/JPY Forecast February 9, 2016, Technical Analysis

by FX Empire | February 9, 2016 6:44 am
The USD/JPY pair fell rather significantly during the course of the session on Monday, testing the 115 level. By doing so, the market looks as if it is testing a very significant amount of support and if...

USD/CAD Forecast February 9, 2016, Technical Analysis

by FX Empire | February 9, 2016 6:44 am
The USD/CAD pair had a back-and-forth type of session during the day on Monday, as we tested the 1.40 level. That area offered enough resistance to turn the market back around and form a somewhat weak looking...

GBP/USD Forecast February 9, 2016, Technical Analysis

by FX Empire | February 9, 2016 6:43 am
The GBP/USD pair fell initially during the course of the day on Monday, but found enough support near the 1.44 level to turn things back around. By doing so, the market looks as if it is trying...

EUR/USD Forecast February 9, 2016, Technical Analysis

by FX Empire | February 9, 2016 6:42 am
The EUR/USD pair went back and forth during the course of the day on Monday, ultimately showing quite a bit of support just above the 1.1050 level. That level was significantly resistive in the past, so it...

AUD/USD Forecast February 9, 2016, Technical Analysis

by FX Empire | February 9, 2016 6:42 am
The AUD/USD pair went back and forth during the course of the session on Monday, showing that there is quite a bit of confusion in this market. With that being the case, we think that there is...

USDJPY Head and Shoulders Breakout (Feb 09, 2016)

by Kate Curtis | February 9, 2016 5:02 am
USDJPY appears to have a made a convincing break below the head and shoulders neckline on its daily time frame. This suggests that the pair could be in for more longer-term losses, possibly amounting to around 900...

AUDUSD Ascending Channel (Feb 8, 2016)

by Kate Curtis | February 8, 2016 8:06 am
AUDUSD has been trending higher lately, moving inside an ascending channel on its 1-hour time frame. Price is currently testing support at the .7100 major psychological level and might be due for a bounce to the top....

USD/JPY Forecast February 8, 2016, Technical Analysis

by FX Empire | February 7, 2016 5:12 am
The USD/JPY pair had a fairly neutral session during the day on Friday, as it appears we have found a little bit of support just below the 117 handle. Ultimately, it is a market that is reaching...

USD/CAD Forecast February 8, 2016, Technical Analysis

by FX Empire | February 7, 2016 5:11 am
The USD/CAD pair broke higher during the course of the day on Friday, clearing the top of the hammer from Thursday. This is a very bullish sign, and the fact that it was at the 50% Fibonacci...

GBP/USD Forecast February 8, 2016, Technical Analysis

by FX Empire | February 7, 2016 5:11 am
The GBP/USD pair fell a bit during the course of the session on Friday, but did get back some of the losses by the time we closed. It appears that the market needs to break above the...