AUD/USD Forecast July 22, 2014, Technical Analysis

by FX Empire | July 22, 2014 5:50 am
The AUD/USD pair fell slightly during the session on Monday, but as you can see we are well supported near the 0.9350 level. Because of this, we feel that the fall will be short-term at best, and...

USD/JPY Forecast July 21, 2014, Technical Analysis

by FX Empire | July 19, 2014 12:37 pm
The USD/JPY pair rose a little bit during the course of the session on Friday, showing the 101 level as support is still. The candle itself isn’t that impressive, but the fact that we hold this area...

USD/CAD Forecast July 21, 2014, Technical Analysis

by FX Empire | July 19, 2014 12:36 pm
The USD/CAD pair fell during the session on Friday, but bounced slightly in order to take back some of the losses. The weekly candle is a shooting star though, and as a result we are not ready...

GBP/USD Forecast July 21, 2014, Technical Analysis

by FX Empire | July 19, 2014 12:35 pm
The GBP/USD pair went back and forth during the session on Friday, but bounced enough to form a hammer. This hammer suggests that the market is going to continue to find buyers every time we drop, and...

EUR/USD Forecast July 21, 2014, Technical Analysis

by FX Empire | July 19, 2014 12:34 pm
The EUR/USD pair initially fell during the course of the day on Friday, but as you can see found quite a bit of support at the 1.35 handle. This area has been supportive for some time now,...

AUD/USD Forecast July 21, 2014, Technical Analysis

by FX Empire | July 19, 2014 12:33 pm
The AUD/USD pair rallied during the session on Friday, but remains within the previous consolidation area so we aren’t necessarily interested in placing money into the market. If we can break above the 0.95 level, we feel...

Is the Canadian Dollar overvalued? – Paxforex

by Paxforex | July 18, 2014 5:00 pm
The Canadian Dollar has rallied from multi-month lows, especially against its Southern neighbor the US Dollar. The rally lasted in excess of 650 pips from an intra-day high of 1.1278 reached on March 20th 2014 to an...

USD/JPY Forecast July 18, 2014, Technical Analysis

by FX Empire | July 18, 2014 7:36 am
The USD/JPY pair fell hard during the session on Thursday, testing the support level just below at the 101 handle. Because of this, we believe that the buyers will stepping into this marketplace, and then the pair...

USD/CAD Forecast July 18, 2014, Technical Analysis

by FX Empire | July 18, 2014 7:35 am
The USD/CAD pair initially tried to fall during the course of the session on Thursday, but as you can see turned back around to form a relatively positive candle. We are still below the 1.08 handle now,...

GBP/USD Forecast July 18, 2014, Technical Analysis

by FX Empire | July 18, 2014 7:34 am
GBP/USD fell during the session on Thursday, testing the 1.71 level. This area continues to be somewhat supportive though, and as a result we feel that the market should continue to bounce from here and head to...