USD/CAD Forecast December 18, 2014, Technical Analysis

by FX Empire | December 18, 2014 8:12 am
The USD CAD pair fell rather significantly during the session on Wednesday, but as you can see turned back around and formed a massive hammer. The hammer of course suggests that the market is going to go...

GBP/USD Forecast December 18, 2014, Technical Analysis

by FX Empire | December 18, 2014 8:12 am
The GBP/USD pair fell during the session on Wednesday, but for the third day in a row found support below. We ended up bouncing and forming a nice-looking hammer, and that of course suggests that the buyers...

EUR/USD Forecast December 18, 2014, Technical Analysis

by FX Empire | December 18, 2014 8:11 am
The EUR/USD pair fell during the session on Wednesday, as the 1.25 level has offered resistance yet again. The fall was rather significant, so we feel that we were probably heading back to the bottom of the...

AUD/USD Forecast December 18, 2014, Technical Analysis

by FX Empire | December 18, 2014 8:05 am
The AUD/USD pair rose during the course of the day on Wednesday, bouncing slightly and breaking above the 0.82 level at one point. However, we think that any rally at this point in time should be a...

EURGBP Symmetrical Triangle (Dec 18, 2014)

by Kate Curtis | December 18, 2014 4:15 am
EURGBP has been moving inside a symmetrical triangle chart pattern since mid-August, as price made higher lows and lower highs. This suggests indecision between buyers and sellers, with a potential breakout in either direction looming. Price has...

USD/JPY Forecast December 17, 2014, Technical Analysis

by FX Empire | December 17, 2014 5:29 am
The USD/JPY pair fell hard during the course of the session on Tuesday, but found enough support just above the 115 level to form a little bit of a hammer. That being the case, we feel that...

USD/CAD Forecast December 17, 2014, Technical Analysis

by FX Empire | December 17, 2014 5:28 am
The USD/CAD pair went back and forth during the course of the session on Tuesday, but as you can see just looks like it’s settling down in this general vicinity. Even if we do fall from here,...

GBP/USD Forecast December 17, 2014, Technical Analysis

by FX Empire | December 17, 2014 5:27 am
The GBP/USD pair as you can see initially fell during the session on Tuesday, and then broke much higher. However, the 1.58 level continues to offer resistance and therefore we are not ready to start buying yet....

EUR/USD Forecast December 17, 2014, Technical Analysis

by FX Empire | December 17, 2014 5:27 am
EUR/USD pair broke higher during the course of the session on Tuesday, but ran into quite a bit of resistance just above the 1.25 handle. That being the case, we ended up forming a massive shooting star,...

AUD/USD Forecast December 17, 2014, Technical Analysis

by FX Empire | December 17, 2014 5:26 am
The AUD/USD pair originally broke higher during the session on Tuesday, but as you can see the sellers step back in and started pushing the market down at the 0.8250 level. Ultimately, we ended up forming a...