GBP/USD Forecast January 21, 2016, Technical Analysis

by FX Empire | January 21, 2016 7:00 am
The GBP/USD pair had a slightly positive session on Wednesday, as the 1.42 level continues to attract a lot of attention in this market. At this point, we think that any rally should end up being a...

EUR/USD Forecast January 21, 2016, Technical Analysis

by FX Empire | January 21, 2016 6:59 am
The EUR/USD pair initially fell during the course of the day on Wednesday, but found enough buying pressure underneath to turn things back around and form a bit of a hammer. The hammer of course is a...

AUD/USD Forecast January 21, 2016, Technical Analysis

by FX Empire | January 21, 2016 6:58 am
The AUD/USD pair fell during the day on Wednesday, but bounced off of the lows again, and therefore ended up forming a hammer. The hammer of course is a bullish sign, and as a result we could...

GBPJPY Retracement Setup (Jan 21, 2016)

by Kate Curtis | January 21, 2016 3:53 am
GBPJPY has been trending lower recently, moving below a descending trend line connecting the recent highs of price action. Price just broke below an area of interest at 166.50 then dipped to a low of 164.00 before...

USD/JPY Forecast January 20, 2016, Technical Analysis

by FX Empire | January 20, 2016 6:00 am
The USD/JPY pair initially rose during the course of the session on Tuesday, but turned back around as the 118 level offered enough resistance to turn this market around and form a shooting star. The shooting star...

USD/CAD Forecast January 20, 2016, Technical Analysis

by FX Empire | January 20, 2016 5:59 am
The USD/CAD pair fell initially during the day on Tuesday but found enough support below the 1.45 level to turn things back around and form a bit of a hammer. The hammer of course is a very...

GBP/USD Forecast January 20, 2016, Technical Analysis

by FX Empire | January 20, 2016 5:58 am
The GBP/USD pair initially tried to rally during the course of the day on Tuesday, but turned back around and fall significantly. We still believe that this market is going to eventually reach towards the 1.40 level,...

EUR/USD Forecast January 20, 2016, Technical Analysis

by FX Empire | January 20, 2016 5:57 am
The EUR/USD pair initially fell during the course of the session on Tuesday, but turned back around to form a rather positive candle. However, there is a lot of noise between here and the 1.1050 level, which...

AUD/USD Forecast January 20, 2016, Technical Analysis

by FX Empire | January 20, 2016 5:56 am
The AUD/USD pair rose during the course of the day on Tuesday, but sees quite a bit of a resistance barrier above, and extending all the way to the 0.71 level. Because of this, we are simply...

GBPAUD Breakdown and Pullback (Jan 20, 2016)

by Kate Curtis | January 20, 2016 4:00 am
GBPAUD had previously been consolidating inside a symmetrical triangle pattern on its 1-hour time frame before breaking lower. Price had dipped close to the 2.0400 major psychological support before showing signs of a retracement.  Using the Fib...