USD/JPY Forecast May 12, 2014, Technical Analysis

by FX Empire | May 10, 2014 5:26 am
The USD/JPY pair rose during the session on Friday, as the 101.50 level offered support yet again. On top of that, the uptrend line offered support also. That being the case, the market looks as if it’s...

USD/CAD Forecast May 12, 2014, Technical Analysis

by FX Empire | May 10, 2014 5:26 am
The USD/CAD pair rose during the session on Friday, breaking back above the 1.09 handle, which was a major support level. Because of this, the weekly candle is actually a hammer, so a break above the highs...

GBP/USD Forecast May 12, 2014, Technical Analysis

by FX Empire | May 10, 2014 5:24 am
The GBP/USD pair fell hard during the session on Friday, testing the 1.6850 level. This area offered a little bit of support, but we feel that the real support as down at the 1.68 handle. Because of...

EUR/USD Forecast May 12, 2014, Technical Analysis

by FX Empire | May 10, 2014 5:24 am
The EUR/USD pair fell like a stone during the session on Friday, as we just simply continue going lower. The market stopped at roughly the 1.3750 handle, an area that is somewhat supportive, but we believe that...

AUD/ USD Forecast May 12, 2014, Technical Analysis

by FX Empire | May 10, 2014 5:23 am
The AUD/USD pair fell during the bulk of the Friday session, but kept in a somewhat tight range. That being the case, we feel that the market will start buying on a break above the highs from...

USD/JPY Forecast May 9, 2014, Technical Analysis

by FX Empire | May 9, 2014 8:13 am
The USD/JPY pair fell during the bulk of the session on Thursday, testing the 101.50 support level. This support level also coincides with an uptrend line from longer-term charts, and as a result we think that this...

USD/CAD Forecast May 9, 2014, Technical Analysis

by FX Empire | May 9, 2014 8:12 am
The USD/CAD pair fell hard during the session on Thursday, breaking below the recent low during early April. With that, it appears that the market is ready to drift down to the next major support area which...

GBP/USD Forecast May 9, 2014, Technical Analysis

by FX Empire | May 9, 2014 8:12 am
The GBP/USD pair went back and forth during the session on Thursday, forming a relatively neutral candle with a slightly negative bias. At the end of the day though, we are only buying this pair, and not...

EUR/USD Forecast May 9, 2014, Technical Analysis

by FX Empire | May 9, 2014 8:11 am
The EUR/USD pair tried to rally during the session on Thursday, mainly predicated upon the fact that the statement from the ECB failed to mention any type of immediate actions to quell the rise of the Euro....

AUD/USD Forecast May 9, 2014, Technical Analysis

by FX Empire | May 9, 2014 8:11 am
The AUD/USD pair rose during the session on Thursday, breaking out and above the 0.9350 handle. That area has been resistive recently, and the fact that we broke above there is very bullish indeed. Because of this,...