USD/CAD Forecast December 12, 2014, Technical Analysis

by FX Empire | December 12, 2014 8:03 am
The USD/CAD pair broke above the 1.15 level finally during the session on Thursday, as the market appears ready to continue of the next leg higher. At this point in time, we believe that the market is...

GBP/USD Forecast December 12, 2014, Technical Analysis

by FX Empire | December 12, 2014 7:58 am
The GBP/USD pair initially fell during the course of the session on Thursday, but found enough support below to turn things back around and form a little bit of a hammer. The hammer sits just below the...

EUR/USD Forecast December 12, 2014, Technical Analysis

by FX Empire | December 12, 2014 7:57 am
The EUR/USD pair initially tried to rally to the 1.25 handle, but as you can see Thursday was far too resistive and negative to hang onto the gains. Because of this, we ended up crashing towards the...

AUD/USD Forecast December 12, 2014, Technical Analysis

by FX Empire | December 12, 2014 7:56 am
The AUD/USD pair fell during the course of the day on Thursday, testing the lows yet again at the 0.82 handle. We believe that a move below that area should send this market looking for the 0.80...

USDJPY SMA Crossover (Dec 12, 2014)

by Kate Curtis | December 12, 2014 5:13 am
USDJPY may be due for a downtrend as the pair recently broke below the rising trend line on the 1-hour time frame and SMAs are crossing down. Price pulled up from the 118.00 support zone to the...

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...