GBP/USD Forecast January 30, 2015, Technical Analysis

by FX Empire | January 30, 2015 8:57 am
The GBP/USD pair fell during the course of the session on Thursday, testing the 1.50 level yet again. That being the case it looks like we are going to continue to consolidate, but we will be paying...

EUR/USD Forecast January 30, 2015, Technical Analysis

by FX Empire | January 30, 2015 8:56 am
The EUR/USD pair initially tried to break higher during the course of the session on Thursday, but turned back around as the Euro continues to suffer overall. We believe that this market will continue to drift lower,...

AUD/USD Forecast January 30, 2015, Technical Analysis

by FX Empire | January 30, 2015 8:55 am
The AUD/USD pair continued to fall during the session on Thursday, as we have now significantly broken below the 0.80 handle. We believe that this market will then head to the 0.75 handle, and that rallies going...

USDJPY Long-Term Triangle (Jan 30, 2015)

by Kate Curtis | January 30, 2015 5:15 am
USDJPY has been trading inside a descending triangle pattern on its 4-hour time frame, with price hovering around the resistance. Stochastic is still pointing up, which means that buying pressure is present and that an upside break...

EURNZD Inverse Head and Shoulders (Jan 29, 2015)

by Kate Curtis | January 29, 2015 6:51 am
EURNZD’s selloff might soon be over, as price formed an inverse head and shoulders pattern on its 4-hour forex chart. Price is currently testing the neckline around the 1.5400 major psychological resistance and may make an upside...

USD/JPY Forecast January 29, 2015, Technical Analysis

by FX Empire | January 29, 2015 6:19 am
The USD/JPY pair initially broke down during the course of the day on Wednesday, but we remain within the consolidation area that we have been stuck in for a couple of weeks now. Ultimately, the market should...

USD/CAD Forecast January 29, 2015, Technical Analysis

by FX Empire | January 29, 2015 6:18 am
The USD/CAD pair went back and forth during the course of the session on Wednesday, as the market continues to try to come up with enough momentum to break above the 1.25 handle. With that, we are...

GBP/USD Forecast January 29, 2015, Technical Analysis

by FX Empire | January 29, 2015 6:17 am
The GBP/USD pair initially broke higher during the course of the session on Wednesday, but struggled a just below the 1.52 level. That area of course has offered resistance recently, so we can break the bottom of...

EUR/USD Forecast January 29, 2015, Technical Analysis

by FX Empire | January 29, 2015 6:17 am
The EUR/USD pair went back and forth during the course of the day on Wednesday, essentially doing nothing. With that being the case, we believe that the 1.15 level above is massively resistive, and we are looking...

AUD/USD Forecast January 29, 2015, Technical Analysis

by FX Empire | January 29, 2015 6:16 am
The AUD/USD pair continues to hang about the 0.80 handle, as the market suggests that the Australian dollar will more than likely continue to soften. With that, we feel that the market can be sold on resistive...