EUR/USD Forecast May 14, 2015, Technical Analysis

by FX Empire | May 14, 2015 6:27 am
The EUR/USD pair initially broke higher during the course of the session on Wednesday, but found resistance at the 1.14 level again. We do believe ultimately this pair goes higher, but we will wait until we get...

AUD/USD Forecast May 14, 2015, Technical Analysis

by FX Empire | May 14, 2015 6:26 am
The AUD/USD pair broke higher during the course of the session on Wednesday, clearing the 0.80 level. By doing so, this market looks very strong all of a sudden, and we now believe that the Australian dollar...

NZDJPY Market Correction (May 14, 2015)

by Kate Curtis | May 14, 2015 4:30 am
NZDJPY popped up from its previous lows around the 88.00 major psychological level and is in the middle of a market correction. Applying the Fibonacci retracement tool on the swing high and low on the pair’s 4-hour...

USD/JPY Forecast May 13, 2015, Technical Analysis

by FX Empire | May 13, 2015 6:17 am
The USD/JPY pair fell during the session on Tuesday, but found a little bit of support in order to form a candle that suggests we could eventually break out to the upside. Ultimately though, it is not...

USD/CAD Forecast May 13, 2015, Technical Analysis

by FX Empire | May 13, 2015 6:16 am
The USD/CAD pair broke down during the course of the day on Tuesday, slicing through the 1.20 handle. This is an area that has been massively supportive, and is also the 38.2% Fibonacci retracement from the entire...

GBP/USD Forecast May 13, 2015, Technical Analysis

by FX Empire | May 13, 2015 6:15 am
The GBP/USD pair broke higher during the course of the day on Tuesday, as we tested the 1.57 level. This is a market that is most certainly bullish at this point in time, so we are looking...

EUR/USD Forecast May 13, 2015, Technical Analysis

by FX Empire | May 13, 2015 6:14 am
The EUR/USD pair broke above the 1.12 level during the course of the session on Tuesday, which of course is a bullish sign. Adding to that is the fact that we broke above the top of the...

AUD/USD Forecast May 13, 2015, Technical Analysis

by FX Empire | May 13, 2015 6:14 am
The AUD/USD pair broke higher during the course of the session on Tuesday, testing the 0.80 level. That being the case, the market could find quite a bit of selling pressure in this area, and it will...

EURUSD Potential Reversal (May 13, 2015)

by Kate Curtis | May 13, 2015 3:04 am
EURUSD could be in for a potential reversal from its recent uptrend, as price is creating a head and shoulders pattern on its 1-hour time frame. The pair is still forming the right shoulder and is still...

USD/JPY Forecast May 12, 2015, Technical Analysis

by FX Empire | May 12, 2015 8:40 am
The USD/JPY pair rose during the course of the session on Monday, as we climbed above the 120 level. With that though, we see quite a bit of resistance just above, and it seems that the market...