USD/JPY Forecast October 23, 2014, Technical Analysis

by FX Empire | October 23, 2014 7:18 am
The USD/JPY pair rose slightly during the course of the day on Wednesday, testing the 107.50 handle. Because of this, it appears that more bullish pressure is appearing in the marketplace, and that the buyers are more...

GBP/USD Forecast October 23, 2014, Technical Analysis

by FX Empire | October 23, 2014 7:18 am
The GBP/USD pair fell during the session on Wednesday, but found the 1.60 level to be supportive as one would anticipate. Because of this, we are bit leery of getting involved as we are so close to...

USD/CAD Forecast October 23, 2014, Technical Analysis

by FX Empire | October 23, 2014 7:16 am
The USD/CAD pair went back and forth during the session here on Wednesday, testing the 1.12 level for support. It did in fact find it, so therefore we feel that this market will more than likely go...

EUR/USD Forecast October 23, 2014, Technical Analysis

by FX Empire | October 23, 2014 7:15 am
The EUR/USD pair broke lower during the course of the day on Wednesday, sending this market looking for the 1.2650 handle. It appears that we are ready to go lower, and at this point time we feel...

AUD/USD Forecast October 23, 2014, Technical Analysis

by FX Empire | October 23, 2014 7:14 am
The AUD/USD pair tried to break out above the 0.88 level yet again, but on Wednesday found the sellers more than willing and up to the task of keeping the markets down. With that, it appears of...

NZDUSD Rising Channel Support (Oct 23, 2014)

by Kate Curtis | October 23, 2014 3:43 am
NZDUSD is currently testing the bottom of the ascending trend channel on its 1-hour time frame, still deciding whether to go for a bounce or a break. Stochastic is indicating oversold conditions with a bullish divergence, suggesting...

AUDCAD Reversal Pattern (Oct 22, 2014)

by Kate Curtis | October 22, 2014 6:14 am
A short-term selloff might be in the cards for AUDCAD, as the pair created a double top pattern on its 1-hour time frame. Price has found resistance at the .9950 mark and is finding support at the...

USD/CAD Forecast October 22, 2014, Technical Analysis

by FX Empire | October 22, 2014 5:05 am
USD/CAD fell during the course of the session on Tuesday, testing the 1.12 level. This is an area that is an area we anticipated to see a significant amount of support at, and we most certainly did...

USD/JPY Forecast October 22, 2014, Technical Analysis

by FX Empire | October 22, 2014 5:04 am
The USD/JPY pair initially fell during the session on Tuesday, but found enough support below to turn things back around and form a little bit of a hammer. Because of that, we feel that this market will...

GBP/USD Forecast October 22, 2014, Technical Analysis

by FX Empire | October 22, 2014 5:02 am
The GBP/USD pair fell slightly during the session on Tuesday, showing that we are in fact going to have to fight our way higher. The weekly candle was a hammer, and although we have not broken the...