EUR/USD Forecast October 15, 2014, Technical Analysis

by FX Empire | October 15, 2014 7:36 am
The EUR/USD pair fell during the course of the day on Tuesday, testing the 1.2650 level for support. However, we believe that this market will ultimately go back down to the 1.25 handle, an area of significant...

AUD/USD Forecast October 15, 2014, Technical Analysis

by FX Empire | October 15, 2014 7:35 am
The AUD/USD pair fell hard during the course of the day on Tuesday, showing the 0.88 level as been resistance. Because of this, it appears that the market is going to try to go down to the...

EURUSD Double Top Formation (Oct 15, 2014)

by Kate Curtis | October 15, 2014 6:38 am
EURUSD may be in for another set of losses, as the pair formed a reversal chart pattern on its 1-hour time frame. A double top formation can be seen, with price nearing the neckline around the 1.2600...

USD/JPY Forecast October 14, 2014, Technical Analysis

by FX Empire | October 14, 2014 9:10 am
The USD/JPY pair initially tried to rally during the course of the session on Monday, but as you can see fell back down and formed a shooting star. Because of this, it appears that the market is...

USD/CAD Forecast October 14, 2014, Technical Analysis

by FX Empire | October 14, 2014 9:10 am
The USD/CAD pair tried to rally during the session on Monday, but found the 1.12 level to be a bit too resistive and therefore pullback to form a shooting star. The shooting star of course signifies that...

GBP/USD Forecast October 14, 2014, Technical Analysis

by FX Empire | October 14, 2014 9:09 am
The GBP/USD pair fell during the course of the day on Monday, continuing to meander around the 1.6050 level. Because of this, we feel that the market is essentially one that’s going to go sideways for a...

EUR/USD Forecast October 14, 2014, Technical Analysis

by FX Empire | October 14, 2014 9:08 am
The EUR/USD pair initially fell during the course of the day on Monday, and then turned back around to attempt to break out above the 1.28 handle. That level of course is very resistive though, and we...

AUD/USD Forecast October 14, 2014, Technical Analysis

by FX Empire | October 14, 2014 9:07 am
The AUD/USD pair tried to rally, but gave back about half of the gains. However, the 0.88 level looks to be somewhat resistive, and we think that there is a significant amount of resistance all the way...

AUDUSD Reversal Chart Formation (Oct 14, 2014)

by Kate Curtis | October 14, 2014 6:13 am
AUDUSD appears to be forming a reversal chart pattern on its 4-hour time frame, indicating that the downtrend is already over. A triple bottom can be seen, as price found support around the .8700 handle and is...

EURJPY Descending Triangle Breakdown (Oct 13, 2014)

by Kate Curtis | October 13, 2014 5:20 am
EURJPY looks poised for more losses, as the pair recently broke below the descending triangle support on its daily time frame. Stochastic is already in the oversold zone, indicating that a bounce might take place in case...