GBP/USD Forecast March 24, 2014, Technical Analysis

by FX Empire | March 22, 2014 9:29 am
The GBP/USD pair fell slightly during the session on Friday, but hovers around the 1.65 level which of course is the beginning of significant support. Because of this, we are not ready to sell, and have to...

EUR/USD Forecast March 24, 2014, Technical Analysis

by FX Empire | March 22, 2014 9:29 am
The EUR/USD pair rose slightly during the session on Friday, but essentially sat still. We are right at the 1.38 handle, an area that has been supportive in the past. However, we do not have a set...

AUD/USD Forecast March 24, 2014, Technical Analysis

by FX Empire | March 22, 2014 9:27 am
The AUD/USD pair rose during the session on Friday, breaking the top of the hammer that we had formed on Thursday which of course is a good bullish sign. However, we see a significant amount of resistance...

GBP/JPY Double Bottom Pattern (March 21, 2014)

by Kate Curtis | March 21, 2014 10:04 am
The short-term selloff on GBP/JPY may soon be over, as a classic reversal chart pattern has formed on GBP/JPY’s 1-hour time frame. A double bottom can be seen after the pair tested the support around 167.75 a...

USD/JPY Forecast March 21, 2014, Technical Analysis

by FX Empire | March 21, 2014 7:44 am
The USD/JPY pair did very little during the session on Thursday, hovering just below the 102.50 handle. The market looks as if it is trying to break out, but we are just below a significant amount of...

USD/CAD Forecast March 21, 2014, Technical Analysis

by FX Empire | March 21, 2014 7:44 am
The USD/CAD pair tried to rally during the session on Thursday, but as you can see the 1.1250 level offered far too much in the way of resistance. This made the market pulled back and form a...

GBP/USD Forecast March 21, 2014, Technical Analysis

by FX Empire | March 21, 2014 7:43 am
The GBP/USD pair try to rally during the session on Thursday, but failed to hang onto the gains. With that being the case, we also dipped below the 1.65 handle. At the end of the day, we...

EUR/USD Forecast March 21, 2014, Technical Analysis

by FX Empire | March 21, 2014 7:42 am
The EUR/USD pair fell during the session on Thursday, clearing the 1.38 level to the downside. The market is starting to head towards a cluster of trading near the 1.37 handle, so it doesn’t surprise us that...

AUD/USD Forecast March 21, 2014, Technical Analysis

by FX Empire | March 21, 2014 7:41 am
The AUD/USD pair initially fell on Thursday, but found enough support at the 0.90 level in order to bounce and form a hammer. This of course is a very bullish sign, and as a massive large round...

USD/JPY Forecast March 20, 2014, Technical Analysis

by FX Empire | March 20, 2014 8:55 am
The USD/JPY pair when higher during the session on Wednesday, as the Federal Reserve announced that it believed short-term interest rates would reach 1% by the end of next year. That is stronger and higher than originally...