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....

USD/JPY Forecast May 5, 2014, Technical Analysis

by FX Empire | May 3, 2014 5:50 am
The USD/JPY pair reacted positively at first during the session on Friday, as the nonfarm payroll numbers came out much better than anticipated originally. However, the 103 level has offered quite a bit of resistance, and as...

USD/CAD Forecast May 5, 2014, Technical Analysis

by FX Empire | May 3, 2014 5:50 am
The USD/CAD pair went back and forth during the session on Friday, as the nonfarm payroll numbers cannot a little bit stronger than anticipated. Ultimately, the 1.10 level did offer enough resistance to push the market back...

GBP/USD Forecast May 5, 2014, Technical Analysis

by FX Empire | May 3, 2014 5:49 am
The GBP/USD pair fell during the bulk of the session on Friday, but found enough support down at the 1.68 level to bring in buyers and push the market much higher. In the end forming a hammer...

EUR/USD Forecast May 5, 2014, Technical Analysis

by FX Empire | May 3, 2014 5:48 am
The EUR/USD pair initially fell during the session on Friday as the nonfarm payroll came out much higher than anticipated. However, we get a significant bounce of the 1.38 handle, and formed a massive hammer. We believe...

AUD/USD Forecast May 5, 2014, Technical Analysis

by FX Empire | May 3, 2014 5:47 am
The AUD/USD pair initially broke down below the 0.9250 level during the session on Friday, but from enough support to push things back around and form a massive hammer. This hammer of course suggests that there are...

Will April NFP Surprise? – Paxforex

by Paxforex | May 2, 2014 10:58 am
Today’s NFP report is much awaited by the trading community across all trading classes. The US Federal Reserve decided to further taper its economic stimulus program known under the synonym of QE3 by $10 billion down to...