GBP/USD Forecast January 15, 2016, Technical Analysis

by FX Empire | January 15, 2016 6:08 am
The GBP/USD pair went back and forth during the course of the session on Thursday, but still shows a significant amount of resistance near the 1.45 handle. In fact, we believe that the resistance goes not only...

EUR/USD Forecast January 15, 2016, Technical Analysis

by FX Empire | January 15, 2016 6:08 am
The EUR/USD pair initially tried to rally during the course of the day on Thursday, but turned back around at the 1.0950 reason to turn this market into a negative candle for the day. It appears that...

AUD/USD Forecast January 15, 2016, Technical Analysis

by FX Empire | January 15, 2016 6:07 am
The AUD/USD pair initially tried to fall during the day on Thursday, but turned back around to form a positive candle. However, we think that the market is certainly consolidating at the moment, and as a result...

EURGBP Ascending Channel (Jan 15, 2016)

by Kate Curtis | January 15, 2016 5:45 am
EURGBP recently broke above the top of its long-term range, indicating that a longer-term climb is in play. Zooming in to the 1-hour time frame shows that price is moving inside an ascending channel and is currently...

USD/JPY Forecast January 14, 2016, Technical Analysis

by FX Empire | January 14, 2016 6:13 am
The USD/JPY pair fell during the day on Wednesday, as the 118.50 level offered far too much in the way of resistance. That being the case, the market looks as if it should continue to go towards...

USD/CAD Forecast January 14, 2016, Technical Analysis

by FX Empire | January 14, 2016 6:12 am
The USD/CAD pair fell during the course of the session on Wednesday, but then turn right back around and broke well above the 1.43 level. Because of this, the market should continue to go higher as the...

GBP/USD Forecast January 14, 2016, Technical Analysis

by FX Empire | January 14, 2016 6:11 am
The GBP/USD pair fell during the day on Wednesday, as the market continues to show negativity. We bounced enough to form a hammer though, and as a result it looks as if the market may have a...

EUR/USD Forecast January 14, 2016, Technical Analysis

by FX Empire | January 14, 2016 6:10 am
The EUR/USD pair went back and forth during the course of the day on Wednesday, using the 1.08 level as a bit of a springboard in order to keep the market afloat. That being the case, it...

AUD/USD Forecast January 14, 2016, Technical Analysis

by FX Empire | January 14, 2016 6:10 am
AUD/USD fell significantly during the course of the session on Wednesday, as the market continues to bounce around the 0.70 level. The market has broken down previously, and as a result it’s more than likely that the...

USDJPY Complex Head and Shoulders (Jan 14, 2016)

by Kate Curtis | January 14, 2016 4:36 am
USDJPY could be in for a long-term selloff, as the pair has formed a complex head and shoulders pattern on its daily time frame. Price is still hovering around the neckline around 117.50-118.00, with a downside break...