EURJPY Ascending Trend Channel (Feb 6, 2015)

by Kate Curtis | February 6, 2015 4:14 am
EURJPY has been slowly treading higher, creating an ascending trend channel on its 1-hour forex chart. Price has just bounced off the bottom of the range around the 133.00 major psychological support and looks ready to test...

USD/JPY Forecast February 5, 2015, Technical Analysis

by FX Empire | February 5, 2015 8:13 am
The USD/JPY pair fell during the course of the session on Wednesday, as we continue to grind away sideways. With that being the case, the market continues to look a little bit supportive, and we definitely feel...

USD/CAD Forecast February 5, 2015, Technical Analysis

by FX Empire | February 5, 2015 8:11 am
The USD/CAD pair broke higher during the course of the session, continuing uptrend that we’ve seen for some time. With that being the case, it looks like we are ready to go higher, and as a result...

GBP/USD Forecast February 5, 2015, Technical Analysis

by FX Empire | February 5, 2015 8:10 am
The GBP/USD pair tried to break higher during the course of the session on Wednesday, but as you can see the 1.52 level offered enough resistance to form a nice-looking shooting star. Because of this, we feel...

EUR/USD Forecast February 5, 2015, Technical Analysis

by FX Empire | February 5, 2015 8:09 am
The EUR/USD pair fell during the course of the day on Wednesday as the market continues to look soft for the Euro in general. With that, we recognize that the 1.13 level below will be supportive so...

AUD/USD Forecast February 5, 2015, Technical Analysis

by FX Empire | February 5, 2015 8:08 am
The AUD/USD pair fell bit during the session on Wednesday, showing that the 0.78 level above is resistant. Ultimately, we feel that the Australian dollar will continue to soften, so we are looking to sell and breakdowns...

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...