EUR/USD Forecast June 5, 2014, Technical Analysis

by FX Empire | June 5, 2014 6:20 am
The EUR/USD pair fell during the session on Wednesday, as we simply grind away in the current area while we await whatever it is that the European Central Bank has decided. With that being the case, expect...

AUD/USD Forecast June 5, 2014 Technical Analysis

by FX Empire | June 5, 2014 6:19 am
The AUD/USD pair rose during the course of the session on Wednesday, but gave back roughly half of the gains by the time the session closed. That being the case, it looks as if we are in...

NZD/USD Resistance Turned Support (June 4, 2014)

by Kate Curtis | June 4, 2014 7:41 am
NZD/USD selloff might soon hit a floor, as the pair is approaching the .8400 major psychological support level. This is in line with a former resistance level and the 50% Fibonacci retracement. Stochastic has been indicating oversold...

USD/JPY Forecast June 4, 2014, Technical Analysis

by FX Empire | June 4, 2014 4:44 am
The USD/JPY pair initially fell during the session on Monday, but as you can see ended up bouncing enough to form a hammer by the end of the day. This hammer of course suggests that the markets...

USD/CAD Forecast June 4, 2014, Technical Analysis

by FX Empire | June 4, 2014 3:56 am
The USD/CAD pair went back and forth during the session on Tuesday, printing a slightly positive candle, but more importantly showing that the 1.09 region continues to be a bit of resistance. The market as at the...

GBP/USD Forecast June 4, 2014, Technical Analysis

by FX Empire | June 4, 2014 3:47 am
The GBP/USD pair tried to rally during the session on Tuesday, but it’s managed to find enough resistance at the 1.68 handle to turn things back around and form a shooting star. The shooting star signifies that...

EUR/USD Forecast June 4, 2014, Technical Analysis

by FX Empire | June 4, 2014 3:46 am
The EUR/USD pair rose during the course of the day on Tuesday, continuing to consolidate in the general vicinity of the 1.36 handle as we have for several sessions. That being the case, it appears that the...

AUD/USD Forecast June 4, 2014, Technical Analysis

by FX Empire | June 4, 2014 3:45 am
The AUD/USD pair rose during the session on Tuesday, breaking above the 0.9250 level. However, we gave back some of the gains late in the day, and as a result the market seems a little bit tepid...

USD/JPY Forecast June 3, 2014, Technical Analysis

by FX Empire | June 3, 2014 7:57 am
The USD/JPY pair broke out to the upside during the session on Monday, essentially cracking the top of a couple of hammers from last week. We are testing the 102.50 level at the moment, and thereby we...

USD/CAD Forecast June 3, 2014, Technical Analysis

by FX Empire | June 3, 2014 7:56 am
The USD/CAD pair shot straight up during the session on Monday, piercing the 1.09 level. With that, we feel that the market is testing the highs of the most recent consolidation area, thereby suggesting that perhaps we...