EUR/USD Forecast March 18, 2014, Technical Analysis

by FX Empire | March 18, 2014 6:57 am
The EUR/USD pair went back and forth during the session on Monday, essentially showing that the area just above is going to continue to be massively resistive. There is a downtrend line from the monthly timeframe that...

AUD/USD Forecast March 18, 2014, Technical Analysis

by FX Empire | March 18, 2014 6:57 am
The AUD/USD pair initially fell during the session on Monday, but found enough support at the 0.90 level to bounce and go much higher. However, we are still in the consolidation area that we have been in...

USD/JPY Forecast March 17, 2014, Technical Analysis

by FX Empire | March 15, 2014 1:55 pm
USD/JPY pair fell during the session on Friday, but as you can see is above the uptrend line that is in our opinion somewhat major, and above the 101 handle. With that, we feel that the market...

USD/CAD Forecast March 17, 2014, Technical Analysis

by FX Empire | March 15, 2014 1:54 pm
The USD/CAD pair rose slightly during the session on Friday, but quite frankly didn’t impress one way or the other. This market looks like it still stuck in consolidation, as we continue to hover around the 1.11...

GBP/USD Forecast March 17, 2014, Technical Analysis

by FX Empire | March 15, 2014 1:54 pm
The GBP/USD pair initially fell during the session on Friday, but as you can see bounced enough to form a hammer. With this, it appears that the market will continue to consolidate between here and the 1.68...

EUR/USD Forecast March 17, 2014, Technical Analysis

by FX Empire | March 15, 2014 1:53 pm
The EUR/USD pair rose during the session on Friday, but remains stuck to the 1.39 handle. This market looks as if it wants to continue to grind in this general vicinity, but right now we are at...

AUD/USD Forecast March 17, 2014, Technical Analysis

by FX Empire | March 15, 2014 1:52 pm
The AUD/USD pair went back and forth during the session on Friday, but as you can see we still sit just above the 0.90 level. In other words, this market really isn’t going anywhere fast. This is...

Chinese Data Points towards Slower Economy – PaxForex

by Paxforex | March 13, 2014 6:47 pm
This week saw the release of more economic data out of China and the signs were not encouraging as all reports pointed to a slower Chinese economy than anticipated. This sparks global economic growth concerns and had...

USD/JPY Forecast March 13, 2014, Technical Analysis

by FX Empire | March 13, 2014 6:54 am
The USD/JPY pair went back and forth during the session on Wednesday, essentially settling nothing. The area just below has been supportive in the past, so it would make sense that we would find buyers in this...

USD/CAD Forecast March 13, 2014, Technical Analysis

by FX Empire | March 13, 2014 6:53 am
The USD/CAD pair tried to break out to the upside, but pulled back enough to form a shooting star during the day on Wednesday. While this is normally a negative sign, we feel this is more or...