EUR/USD Forecast September 19, 2014, Technical Analysis

by FX Empire | September 19, 2014 6:18 am
The EUR/USD pair broke higher during the course of the day on Thursday, bouncing off of the lows from the Wednesday session. That being the case though, we still feel that this market is and consolidation area...

AUD/USD Forecast September 19, 2014, Technical Analysis

by FX Empire | September 19, 2014 6:17 am
The AUD/USD pair fell initially during the day on Thursday, but you can see found enough support below to turn things back around and form a hammer. This hammer sits just below the 0.90 handle, and if...

USDCAD Reversal Pattern (Sept 19, 2014)

by Kate Curtis | September 19, 2014 5:23 am
USDCAD is forming a head and shoulders pattern on its 4-hour forex time frame, indicating that a reversal from the previous uptrend might take place. For now, price is still testing the neckline of the formation near...

GBPNZD Short-term Pullback (Sept 18, 2014)

by Kate Curtis | September 18, 2014 6:13 am
An uptrend appears to be forming on GBPNZD, as a rising trend line can be drawn to connect the recent lows on the 1-hour time frame. However, stochastic has just reached the overbought area and is heading...

USD/JPY Forecast September 17, 2014, Technical Analysis

by FX Empire | September 17, 2014 6:03 am
The USD/JPY pair initially fell during the course of the session on Tuesday, but found enough support below to show the 107 level to be supportive. The resulting candle was a hammer, and as a result it...

USD/CAD Forecast September 17, 2014, Technical Analysis

by FX Empire | September 17, 2014 6:03 am
The USD/CAD pair fell hard during the course of the day on Tuesday, slicing back through the 1.10 support level in order to show real Canadian dollar strength. This would’ve been basically as a result of strengthening...

GBP/USD Forecast September 17, 2014, Technical Analysis

by FX Empire | September 17, 2014 6:02 am
The GBP/USD pair went back and forth during the course of the day on Tuesday, and ended up forming a nice hammer for the day. We are testing the resistance above, we feel that it is only...

EUR/USD Forecast September 17, 2014, Technical Analysis

by FX Empire | September 17, 2014 6:01 am
The EUR/USD pair broke higher during the course of the day on Tuesday, but found the 1.30 level to be far too resistive. That area has offered far too much in the way of pressure to keep...

AUD/USD Forecast September 17, 2014, Technical Analysis

by FX Empire | September 17, 2014 6:01 am
The AUD/USD pair initially fell during the course of the day on Tuesday, but found the 0.90 level to be supportive enough to bounce significantly. With that, we crashed into the 0.91 handle for resistance, and look...

GBPUSD Major Market Correction (Sept 17, 2014)

by Kate Curtis | September 17, 2014 5:33 am
GBPUSD is taking a break from its recent selloff as the pair found support at a long-term area of interest. The daily chart shows price stalling at the 38.2% Fibonacci retracement level, which lines up with a...