USD/CAD Forecast May 7, 2014, Technical Analysis

by FX Empire | May 7, 2014 4:59 am
The USD/CAD pair fell hard during the session on Tuesday, testing the support level below that is the absolute bottom of the consolidation area. While we anticipate that there should be buyers in this region, the fact...

EUR/USD Forecast May 7, 2014, Technical Analysis

by FX Empire | May 7, 2014 4:58 am
The EUR/USD pair rose during the session on Tuesday, after the Germans printed better than anticipated numbers with the Services PMI announcement. With this, we slammed into the 1.3950 area, but could not break above there. However,...

AUD USD Forecast May 7, 2014, Technical Analysis

by FX Empire | May 7, 2014 4:57 am
The AUD/USD pair took off to the upside during the session on Tuesday, breaking the top of the hammers and more importantly, breaking above the sideways grind that we have been stuck in for 2 weeks. With...

USD/CHF Countertrend Day Trade (May 6, 2014)

by Kate Curtis | May 6, 2014 7:20 am
USD/CHF has been moving inside a falling trend channel for the past week, as dollar demand has remained weak while Swiss economic data have shown improvements. The pair just came off a test of the channel resistance...

USD/JPY Forecast May 6, 2014, Technical Analysis

by FX Empire | May 6, 2014 2:54 am
The USD/JPY pair fell initially during the session on Monday, but like most of the stock indices around the world, we found buyers towards the end of the day. The resulting candle is a hammer and it...

USD/CAD Forecast May 6, 2014, Technical Analysis

by FX Empire | May 6, 2014 2:53 am
The USD/CAD pair fell during the session on Monday after initially trying to go higher, but at the end of the day we are still within a relatively tight consolidation range between 1.09 and 1.10 as we...

GBP/USD Forecast May 6, 2014, Technical Analysis

by FX Empire | May 6, 2014 2:52 am
The GBP/USD pair fell slightly during the session on Monday, but found enough support at the 1.6850 level that the British pound essentially was unchanged by the time the session ended. There is a significant area of...

EUR/USD Forecast May 6, 2014, Technical Analysis

by FX Empire | May 6, 2014 2:50 am
The EUR/USD pair did very little during the session on Monday as the markets were content to sit just below the 1.39 level. It is at that area of that we start to see significant resistance, so...

AUD/USD Forecast May 6, 2014, Technical Analysis

by FX Empire | May 6, 2014 2:49 am
The AUD/USD pair did nothing during the session on Monday as we continue to hover above the 0.9250 handle. The Australian dollar has been relatively flat for several sessions now, and there is nothing on this chart...

NZD/USD Range Resistance Play (May 5, 2014)

by Kate Curtis | May 5, 2014 9:41 am
NZD/USD is approaching the top of the range on its 4-hour time frame, suggesting that the pair’s rallies are soon over. This depends on the top-tier data releases from New Zealand and the U.S. this week though....