USD/CAD Forecast February 2, 2015, Technical Analysis

by FX Empire | January 31, 2015 12:51 pm
The USD/CAD pair broke higher during the course of the session on Friday, but turned back around and give up about half of the gains. Ultimately, the market ended up forming a shooting star, which of course...

GBP/USD Forecast February 2, 2015, Technical Analysis

by FX Empire | January 31, 2015 12:51 pm
The GBP/USD pair fell during the beginning of the session on Friday, bouncing off of the 1.50 level. That being the case, we bounced enough to form a hammer, and it now looks as if we are...

EUR/USD Forecast February 2, 2015, Technical Analysis

by FX Empire | January 31, 2015 12:50 pm
The EUR/USD pair did very little during the session on Friday, as we continued to grind sideways as we have seen over the last several sessions. That being the case, it looks like the market is ready...

AUD/USD Forecast February 2, 2015, Technical Analysis

by FX Empire | January 31, 2015 12:50 pm
The AUD/USD pair initially fell during the day on Friday, but found a bit of support to turn things back around and form a hammer. This hammer is not reason to start buying now, but rather suggests...

USD/JPY Forecast January 30, 2015, Technical Analysis

by FX Empire | January 30, 2015 8:58 am
The USD/JPY pair initially fell during the course of the session on Thursday, but found support below again to continue to consolidate in the same general vicinity that we have been in for the last two weeks....

USD/CAD Forecast January 30, 2015, Technical Analysis

by FX Empire | January 30, 2015 8:57 am
The USD/CAD pair broke higher during the course of the session on Thursday, cleanly breaking well above the 1.25 handle. With the oil markets looking is soft as they do, the Bank of Canada surprising the market...

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...