EUR/USD Trend Reversal (April 10, 2014)

by Kate Curtis | April 10, 2014 9:18 am
EUR/USD recently broke above a falling trend line on its 1-hour time frame, indicating that the downtrend is already over. The pair also surged past the 1.3800 area of interest, suggesting that more gains are in the...

USD/JPY Forecast April 10, 2014, Technical Analysis

by FX Empire | April 10, 2014 3:21 am
The USD/JPY pair went back and forth during the session on Wednesday falling just below the 102 level. The candle going back and forth during the session on Wednesday suggests that we are trying to find some...

USD/CAD Forecast April 10, 2014, Technical Analysis

by FX Empire | April 10, 2014 3:20 am
The USD/CAD market fell during the session on Wednesday, breaking below the 1.09 handle. Although we did not collapse, we do fear that this market is probably going to go lower, thereby causing us to sell this...

GBP/USD Forecast April 10, 2014, Technical Analysis

by FX Empire | April 10, 2014 3:19 am
The GBP/USD pair initially fell during the session on Wednesday, but found enough support underneath in order to move the market higher. The 1.68 level should offer resistance, and as a result we need to clear the...

EUR/USD Forecast April 10, 2014, Technical Analysis

by FX Empire | April 10, 2014 3:19 am
The EUR/USD pair rose during the session on Wednesday, continuing the bullish move that we’ve seen over the last three sessions. We are now heading towards the 1.3850 level, an area that could probably offer quite a...

AUD/USD Forecast April 10, 2014, Technical Analysis

by FX Empire | April 10, 2014 3:18 am
The AUD/USD pair rose during the session on Wednesday, finding enough strength to break out above the highs from the previous session which of course was a breakout candle to begin with. Because of that, we feel...

AUD/JPY Break and Retest (April 9, 2014)

by Kate Curtis | April 9, 2014 6:25 am
AUD/JPY recently made a strong break and sustained rally past the 94.00 major psychological level but it appears that a quick correction might take place. The pair has retreated upon reaching the 96.00 major psychological resistance and...

USD/JPY Forecast April 9, 2014, Technical Analysis

by FX Empire | April 9, 2014 2:44 am
The USD/JPY pair fell rather hard during the session on Tuesday, slicing through the 103 level, and falling all the way down to the 101.50 handle. Because of that, it appears that the market has sliced through...

USD/CAD Forecast April 9, 2014, Technical Analysis

by FX Empire | April 9, 2014 2:43 am
The USD/CAD pair fell hard during the session on Tuesday, slamming into the 1.09 level. That area should offer a bit of support, and as a result we are waiting to see whether or not a supportive...

GBP/USD Forecast April 9, 2014, Technical Analysis

by FX Empire | April 9, 2014 2:42 am
The GBP/USD pair took off to the upside during the session on Tuesday, breaking above the resistance level at the 1.67 handle, and heading towards the 1.68 level, the next resistance area. We believe that if we...