AUDCAD Retracement Play (Feb 5, 2015)

by Kate Curtis | February 5, 2015 3:58 am
AUDCAD recently broke below a key support zone at the .9800 major psychological level and appears to be pulling up for a retest. Price just bounced off support at the .9600 major psychological level and my need...

USD/JPY Forecast February 4, 2015, Technical Analysis

by FX Empire | February 4, 2015 5:39 am
The USD/JPY pair broke higher during the course of the session on Tuesday, but as you can see we still remain tight out in consolidation. Because of that, the market looks as if it’s ready to simply...

USD/CAD Forecast February 4, 2015, Technical Analysis

by FX Empire | February 4, 2015 5:38 am
The USD/CAD pair broke down during the course of the session on Tuesday, slicing through the 1.25 handle. In fact, we dipped all the way down to the 1.24 level by the time the day was over...

GBP/USD Forecast February 4, 2015, Technical Analysis

by FX Empire | February 4, 2015 5:37 am
The GBP/USD pair broke higher during the course of the session on Tuesday, as we continue to consolidate just above the 1.50 level. That area is of course a massively supportive region, and therefore we think that...

EUR/USD Forecast February 4, 2015, Technical Analysis

by FX Empire | February 4, 2015 5:37 am
The EUR/USD pair broke higher during the day on Tuesday, slamming into the 1.15 level. However, this is an area that begins a cluster of resistance up to the 1.1650 level, and that of course is followed...

AUD/USD Forecast February 4, 2015, Technical Analysis

by FX Empire | February 4, 2015 5:36 am
The AUD/USD pair broke higher during the course of the session on Tuesday, but as you can see broke above the 0.78 level which of course is a small barrier. However, there is so much resistance above...

AUDUSD Descending Trend Line (Feb 4, 2015)

by Kate Curtis | February 4, 2015 5:35 am
Yesterday’s surge in risk appetite drew Aussie bulls back and triggered a sharp correction for AUDUSD. Price is testing the falling trend line on its 1-hour time frame, which lines up with an area of interest and...

USD CAD Forecast February 3, 2015, Technical Analysis

by FX Empire | February 3, 2015 11:17 am
The USD/CAD pair broke down during the course of the day on Monday as oil markets rebounded a bit. However, the 1.25 level below should be rather supportive, so we are looking for some type of supportive...

USD JPY Forecast February 3, 2015, Technical Analysis

by FX Empire | February 3, 2015 11:16 am
The USD/JPY pair initially fell during the course of the day on Monday, but found support yet again in order to continue consolidating going forward. That being the case, we feel that the market is essentially one...

GBP USD Forecast February 3, 2015, Technical Analysis

by FX Empire | February 3, 2015 11:15 am
The GBP/USD pair fell during the course of the session on Monday, but found the 1.50 level to be supportive enough to cause a little bit of a bounce again. With that being the case, we feel...