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...

EUR USD Forecast February 3, 2015, Technical Analysis

by FX Empire | February 3, 2015 11:15 am
The EUR/USD pair did very little during the session on Monday, but continues to essentially grind its way sideways, as the market has no idea what to do at this point. The 1.14 level continues to be...

EURNZD Countertrend Setup (Feb 3, 2015)

by Kate Curtis | February 3, 2015 4:30 am
EURNZD is forming a rising channel on its 1-hour time frame but seems prime for a countertrend play, as price is testing the range resistance. The pair has consolidated around the 1.5550-1.5600 psychological levels and may be...

EURJPY Short-Term Range (Feb 2, 2015)

by Kate Curtis | February 2, 2015 5:02 am
EURJPY has been trading sideways on its 1-hour time frame, creating a range between support at 132.50 and resistance at 134.00. Price has just bounced off support at the bottom of the range and may be due...

USD/JPY Forecast February 2, 2015, Technical Analysis

by FX Empire | January 31, 2015 12:52 pm
The USD/JPY pair broke down during the session on Friday but remains within the consolidation of area that we have been in for some time now. Because of this, we have no interest in trading this pair,...