USD/JPY Forecast September 1, 2014, Technical Analysis

by FX Empire | August 30, 2014 1:23 pm
The USD/JPY pair broke higher during the day on Friday, breaking the top of the hammer that informed on Thursday. On top of that, we close above the 104 level so we feel that this market should...

USD/CAD Forecast September 1, 2014, Technical Analysis

by FX Empire | August 30, 2014 1:22 pm
The USD/CAD pair fell during the bulk of the session on Friday, but then turned back around and form a nice-looking hammer. This hammer sits right at the 1.0850 region, which makes us think that the market...

GBP/USD Forecast September 1, 2014, Technical Analysis

by FX Empire | August 30, 2014 1:22 pm
The GBP/USD pair initially fell during the course of the day on Friday, but then bounced enough to break above the 1.66 handle. The resulting candle is a hammer, so we can break the top of that...

EUR/USD Forecast September 1, 2014, Technical Analysis

by FX Empire | August 30, 2014 1:21 pm
The EUR/USD pair had another negative session on Friday, breaking below the support that we’ve seen recently. With that being the case, we feel that the market will head to the 1.31 level, and then eventually the...

AUD/USD Forecast September 1, 2014, Technical Analysis

by FX Empire | August 30, 2014 1:21 pm
The AUD/USD pair initially tried to rally during the course of the day on Friday, but found the 0.9350 level to be a bit too resistive. With that being the case, the shooting star that form for...

GBPJPY Trend Setup (August 29, 2014)

by Kate Curtis | August 29, 2014 8:41 am
GBPJPY has been on a downtrend, as a falling trend line can be drawn to connect the recent highs of price. The pair is finding resistance at the 172.00 major psychological level, which could continue to keep...

USD/JPY Forecast August 29, 2014, Technical Analysis

by FX Empire | August 29, 2014 5:33 am
The USD/JPY pair initially fell during the day on Thursday, but found enough support near the 103.50 level to bounce and form a nice-looking hammer. Because of this, we feel that the market certainly will have buyers...

USD/CAD Forecast August 29, 2014, Technical Analysis

by FX Empire | August 29, 2014 5:32 am
The USD/CAD pair fell during the day on Thursday, but as you can see bounced in order to form a bit of a hammer. With that being the case, it appears that the market may be trying...

GBP/USD Forecast August 29, 2014, Technical Analysis

by FX Empire | August 29, 2014 5:31 am
The GBP/USD pair broke higher during the day on Thursday, but again the 1.66 level has offered enough resistance to turn the market back around and form a shooting star. With this, we feel that the market...

EUR/USD Forecast August 29, 2014, Technical Analysis

by FX Empire | August 29, 2014 5:30 am
The EUR/USD pair tried to rally again during the session on Thursday, but yet again the 1.32 level has offered resistance, and therefore the market formed a shooting star again. The US dollar looks like its still...