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...

USD/JPY Forecast October 13, 2014, Technical Analysis

by FX Empire | October 11, 2014 12:32 pm
The USD/JPY pair initially broke out to the upside during the session on Friday, but as you can see fell to form a shooting star. With that, it appears that the market is going to test the...

USD/CAD Forecast October 13, 2014, Technical Analysis

by FX Empire | October 11, 2014 12:32 pm
The USD/CAD pair went back and forth during the course of the day on Friday, ultimately respecting the 1.12 level for resistance. That being the case, the market should continue to go higher if we can break...

GBP/USD Forecast October 13, 2014, Technical Analysis

by FX Empire | October 11, 2014 12:31 pm
The GBP/USD pair fell during the course of the day on Friday, but found enough support at the 1.6000 level to turn things back around and form a hammer. Because of this, it is possible that we...

EUR/USD Forecast October 13, 2014, Technical Analysis

by FX Empire | October 11, 2014 12:30 pm
The EUR/USD pair fell during the course of the day on Friday, continuing the bearish pressure that we have seen for quite some time. The market tested the 1.26 level for support, and did find a slight...