GBP/USD Forecast December 11, 2014, Technical Analysis

by FX Empire | December 11, 2014 8:58 am
The GBP/USD pair pulled back during the session on Wednesday, but then went much higher and hit the 1.57 level. We believe that there is a significant amount resistance in this general vicinity though, and as a...

EUR/USD Forecast December 11, 2014, Technical Analysis

by FX Empire | December 11, 2014 8:55 am
The EUR/USD pair initially fell during the session on Wednesday, but turned back around to form a relatively positive session. With that, we feel that this market should ultimately find resistance at the 1.25 level, which has...

AUDUSD Channel Resistance (Dec 11, 2014)

by Kate Curtis | December 11, 2014 5:41 am
AUDUSD is moving up to test the channel resistance on its 4-hour time frame, as the top of the falling range lines up with the 200 simple moving average. This has acted as a dynamic inflection point...

USD/JPY Forecast December 10, 2014, Technical Analysis

by FX Empire | December 10, 2014 7:44 am
The USD/JPY pair fell during the course of the session on Tuesday, but bounced enough in order to turn things back around and form a hammer. The hammer of course suggests that the market is in fact...

USD/CAD Forecast December 10, 2014, Technical Analysis

by FX Empire | December 10, 2014 7:42 am
USD/CAD pair fell during the bulk of the session on Tuesday, but found a little bit of support at the 1.14 level to turn things back around and form a slightly supportive looking candle. Ultimately though, we...

GBP/USD Forecast December 10, 2014, Technical Analysis

by FX Empire | December 10, 2014 7:41 am
The GBP/USD pair initially broke higher during the course of the session on Tuesday, and as a result ran into significant resistance at the 1.57 level. That area of course turned the market back around, and as...

EUR/USD Forecast December 10, 2014, Technical Analysis

by FX Empire | December 10, 2014 7:41 am
The EUR/USD pair broke higher during the course of the day on Tuesday, but turned back around and gave up about half of the gains. With that being said, the market looks as if it is one...

AUD/USD Forecast December 10, 2014, Technical Analysis

by FX Empire | December 10, 2014 7:40 am
The AUD/USD pair initially rallied during the course of the session on Tuesday, but gave back about half of the gains. That being the case, the Australian dollar still looks like it’s ready to sell off, and...

USDCHF Rising Trend Channel (Dec 10, 2014)

by Kate Curtis | December 10, 2014 7:01 am
USDCHF is in a steady climb, as the pair has been moving inside a rising trend channel on its 1-hour time frame. Price just came off a test of the channel bottom around the .9700 major psychological...

USD/JPY Forecast December 9, 2014, Technical Analysis

by FX Empire | December 9, 2014 8:37 am
The US dollar continues to strengthen overall on the longer-term charts, but the USD/JPY pair ended up pulling back during the length of the day, and headed down to the 120 level. The 120 level offered enough...