GBP/USD Forecast August 4, 2015, Technical Analysis

by FX Empire | August 4, 2015 5:56 am
The GBP/USD pair fell again during the session on Monday, but we are essentially just grinding sideways overall. With that being the case, the market looks as if we could see significant consolidation in the short-term, but...

EUR/USD Forecast August 4, 2015, Technical Analysis

by FX Empire | August 4, 2015 5:55 am
The EUR/USD pair fell slightly during the course of the session on Monday, as we simply meandered below the 1.10 level. With this, the market looks like its essentially grinding lower, but there isn’t too much to...

AUD/USD Forecast August 4, 2015, Technical Analysis

by FX Empire | August 4, 2015 5:54 am
During the session today, we will be hearing from the Reserve Bank of Australia. They are expected to do very little as far as the rates are concerned, but the statement will of course be important. Any...

EURUSD Descending Triangle (Aug 3, 2015)

by Kate Curtis | August 3, 2015 7:04 am
EURUSD is currently testing the descending triangle resistance and might be due for a move back to the support at the 1.0850 minor psychological level. Stochastic is pointing down, indicating that sellers are in control, while RSI...

USD/JPY Forecast August 3, 2015, Technical Analysis

by FX Empire | August 3, 2015 6:51 am
The USD/JPY pair went back and forth during the session on Friday, showing significant volatility. However, we still believe that this market goes higher over the longer term, so pullbacks will be buying opportunities in this market....

USD/CAD Forecast August 3, 2015, Technical Analysis

by FX Empire | August 3, 2015 6:51 am
The USD/CAD pair initially fell during the course of the session on Friday, but broken well above the 1.30 level in order to continue going higher. In fact, it looks like if we can get above the...

GBP/USD Forecast August 3, 2015, Technical Analysis

by FX Empire | August 3, 2015 6:50 am
The GBP/USD pair went back and forth during the course of the session on Friday, and as a result we should continue to have plenty of volatility. That being the case, the market looks as if the...

EUR/USD Forecast August 3, 2015, Technical Analysis

by FX Empire | August 3, 2015 6:50 am
The EUR/USD pair rallied pretty significantly during the session on Friday, but as you can see the 1.11 level offered enough resistance to turn this market back around and send it below the 1.10 level. With that,...

AUD/USD Forecast August 3, 2015, Technical Analysis

by FX Empire | August 3, 2015 6:48 am
The AUD/USD pair went back and forth during the course of the session on Friday, at one point in time breaking down to a fresh, new low. With that, if we break down below the bottom of...

AUDUSD Downtrend Reversal (July 31, 2015)

by Kate Curtis | July 31, 2015 7:45 am
 AUDUSD is forming a double bottom pattern on its 1-hour chart, signaling a potential reversal from the selloff. Price has failed in its last two attempts to break below the .7250 minor psychological support level and is...