GBPUSD Reversal Pattern (June 8, 2015)

by Kate Curtis | June 8, 2015 5:34 am
GBPUSD could turn from its recent uptrend, as the pair is forming a reversal pattern on its 4-hour chart. Price is in the middle of completing the right shoulder of the head and shoulders formation and might...

USD/JPY Forecast June 8, 2015, Technical Analysis

by FX Empire | June 6, 2015 6:13 am
The USD/JPY pair broke down during the course of the session on Friday as the jobs number came out stronger than anticipated. Because of this, we feel that breaking above the 125 level is of course a...

USD/CAD Forecast June 8, 2015, Technical Analysis

by FX Empire | June 6, 2015 6:12 am
The USD/CAD pair initially rallied during the session on Friday, but found a bit of resistance at the 1.2550 level to turn things back around and form a rather negative candle. If we can break down below...

GBP/USD Forecast June 8, 2015, Technical Analysis

by FX Empire | June 6, 2015 6:11 am
The GBP/USD pair initially fell during the course of the session on Friday, in response to a stronger than anticipated jobs number out of America. However, you can see that we bounce significantly off of the 1.52...

EUR/USD Forecast June 8, 2015, Technical Analysis

by FX Empire | June 6, 2015 6:11 am
The EUR/USD pair initially rallied during the session on Friday, but then fell rather hard as the jobs number out of America came out stronger than anticipated. However, which is often the case, the knee-jerk reaction was...

AUD/USD Forecast June 8, 2015, Technical Analysis

by FX Empire | June 6, 2015 6:10 am
The AUD/USD pair initially tried to rally during the course of the session on Friday, but turned back around and crashed into the 0.76 handle. Even if we break below there though, we feel that the 0.75...

USD/JPY Forecast June 5, 2015, Technical Analysis

by FX Empire | June 5, 2015 5:59 am
The USD/JPY pair fell initially during the course of the day on Thursday, but found enough support just below the 124 level to turn things back around and form a hammer. Is because of this that we...

USD/CAD Forecast June 5, 2015, Technical Analysis

by FX Empire | June 5, 2015 5:58 am
The USD/CAD pair went back and forth during the course of the session on Thursday, as we continue to consolidate between the 1.24 level on the bottom, and the 1.25 level on the time. With that being...

GBP/USD Forecast June 5, 2015, Technical Analysis

by FX Empire | June 5, 2015 5:58 am
The GBP/USD pair initially rallied during the session on Thursday, but then turned back around to form a bit of a shooting star. However, we believe that a lot of the selling pressure probably was due to...

EUR/USD Forecast June 5, 2015, Technical Analysis

by FX Empire | June 5, 2015 5:57 am
The EUR/USD pair initially broke higher during the course of the day on Thursday, but found enough resistance at the 1.14 level to turn things back around and form a shooting star. The shooting star is of...