EUR/USD Forecast April 9, 2014, Technical Analysis

by FX Empire | April 9, 2014 2:41 am
The EUR/USD pair broke higher during the session on Tuesday, reaching all the way to the 1.38 level. This was our short-term target, and now we have succeeded in what we anticipated happening. That being the case,...

AUD/USD Forecast April 9, 2014, Technical Analysis

by FX Empire | April 9, 2014 2:41 am
The AUD/USD pair broke higher during the session on Tuesday, finally breaking out above the 0.93 handle. Because of this, it appears that the market is ready to head back to the 0.95 handle, which of course...

NZD/USD Broken Trend Line Retest (April 8, 2014)

by Kate Curtis | April 8, 2014 7:48 am
NZD/USD recently broke below a rising trend line connecting the lows of the price, indicating that the previous uptrend is already over. Before heading any lower though, the pair made a quick retracement move to the Fibonacci...

USD/JPY Forecast April 8, 2014, Technical Analysis

by FX Empire | April 8, 2014 3:22 am
The USD/JPY pair fell during the session on Monday, finding the 103 level by the end of the day. This area could bring in buyers, but in the meantime it’s difficult to buy until we get a...

USD/CAD Forecast April 8, 2014, Technical Analysis

by FX Empire | April 8, 2014 3:21 am
The USD/CAD pair tried to rally during the session on Monday, but found the 1.10 level to be a bit too resistive in order to form a shooting star. This shooting star suggests that the market is...

GBP/USD Forecast April 8, 2014, Technical Analysis

by FX Empire | April 8, 2014 3:21 am
The GBP/USD pair rose during the session on Monday, breaking above the 1.66 level again. This market appears as if it is ready to continue going higher, ultimately testing the 1.70 level given enough time. However, there...

EUR/USD Forecast April 8, 2014, Technical Analysis

by FX Empire | April 8, 2014 3:20 am
The EUR/USD pair rose during the session on Monday, breaking the top of the hammer from the Friday session, so it appears that the market is ready to continue going higher. This is interesting, because the hammer...

AUD/USD Forecast April 8, 2014, Technical Analysis

by FX Empire | April 8, 2014 3:20 am
The AUD/USD pair fell during the session on Monday, but found the 0.9250 level supportive enough to keep the market afloat. Because of this, we feel that this market is ready to continue going higher, not to...

CAD/JPY Triple Bottom Breakout? (April 7, 2014)

by Kate Curtis | April 7, 2014 8:29 am
After trending lower towards the end of last year and the start of this year, CAD/JPY has formed a consolidation pattern and is indicating a possible reversal of the previous downtrend. A triple bottom can be seen...

USD/JPY Forecast April 7, 2014, Technical Analysis

by FX Empire | April 7, 2014 1:02 am
The USD/JPY pair initially try to rally on Friday, but turn things back around and formed a very nasty looking bearish candle. That being said though, we believe that the longer-term Outlook of the pair is higher,...