EURUSD has been consolidating lately, forming higher lows and lower highs to create a symmetrical triangle pattern on its 4-hour time frame. Price is currently testing the top of the pattern, which might continue to hold as...
EURGBP is in a consolidation pattern and is currently testing the bottom of a descending triangle formation visible on the 1-hour time frame. Price appears to be bouncing off support at the .7550 minor psychological mark and...
GBPUSD recently made a strong downside break from the short-term rising trend line support visible on its 1-hour time frame. This suggests that the pair might be in for a downtrend, although a pullback to the broken...
The USD/JPY pair broke higher during the course of the day on Friday as we continue to see quite a bit of volatility due to the fact that the Bank of Japan is suggesting that quantitative easing...
The USD/CAD pair tried to rally, but failed on Friday. However, we think that sooner or later there will be buyers as this area is so strong in support. Oil has been going higher on a shot-term...
The GBP/USD pair fell during the course of the session on Friday, but found a little bit of support below the 1.42 handle. With this being said, the market looks as if it is trying to grind...
The EUR/USD pair fell on Friday, heading back to the 1.08 level. Because of this, it looks as if the market is still in the consolidation area but certainly could be getting ready to break down. The...
The AUD/USD pair went back and forth during the day on Friday, essentially settling on a neutral candle. Ultimately though, it is very likely that we will struggle above, as the previous uptrend line should now be...
The USD/JPY pair did very little during the day on Thursday, perhaps anticipating the Bank of Japan releasing its monetary policy statement later. However, the one thing that we do recognize that is going on as we...
The USD/CAD pair fell significantly during the course of the session on Thursday, testing the 1.40 level for support. We did in fact find it, and at FX Empire we have been waiting for this move. The...
