USD/CAD Forecast February 5, 2014, Technical Analysis

by FX Empire | February 5, 2014 3:51 am
The USD/CAD pair fell during the session on Tuesday, but as you can see found enough support right around the 1.1050 level in order to bounce and form a nice looking hammer. This is a market that...

GBP/USD Forecast February 5, 2014, Technical Analysis

by FX Empire | February 5, 2014 3:51 am
The GBP/USD pair fell below the 1.63 level during the session on Tuesday, but bounce back above that level in order to form a hammer. This hammer of course suggests that there is plenty of support below,...

EUR/USD Forecast February 5, 2014, Technical Analysis

by FX Empire | February 5, 2014 3:50 am
The EUR/USD pair continues to meander around the 1.35 handle, as the Tuesday session provided little in the way of volatility. Because of this, I am more and more convinced that the market is essentially going to...

AUD/USD Forecast February 5, 2014, Technical Analysis

by FX Empire | February 5, 2014 3:49 am
The AUD/USD pair rose during the session on Tuesday, blowing through the 0.88 handle like it wasn’t even there. However, we still see significant resistance up to the 0.90 handle, and this move was more or less...

USD/JPY Potential Retracement (February 4, 2014)

by Kate Curtis | February 4, 2014 8:49 am
USD/JPY recently broke below the 102.00 major psychological support level and dipped below the 101.00 mark this week. However, with stochastic reaching the oversold region and crossing upwards, dollar bulls may be back in action for the...

USD/JPY Forecast February 4, 2014, Technical Analysis

by FX Empire | February 4, 2014 6:20 am
The USD/JPY pair fell during the session on Monday, testing the 101 level. However, we think that there is significant support all the way down to the 100 level, and although we think that we will eventually...

USD/CAD Forecast February 4, 2014, Technical Analysis

by FX Empire | February 4, 2014 6:19 am
The USD/CAD pair fell during the session on Monday, but as you can see found enough support at the 1.1050 area to bounce and form a nice-looking hammer. This is a market that’s been in an uptrend...

GBP/USD Forecast February 4, 2014, Technical Analysis

by FX Empire | February 4, 2014 6:19 am
The GBP/USD pair fell hard during the session on Monday, slamming into the 1.63 support level. This is an area that’s acted rather supportive of the last couple of months, so with that being the case we...

EUR/USD Forecast February 4, 2014, Technical Analysis

by FX Empire | February 4, 2014 6:18 am
The EUR/USD pair found the 1.35 level supportive in order to bounce during the session on Monday, but really didn’t go anywhere as far as the range is concerned. Yes, we did see the support that we...

AUD/USD Forecast February 4, 2014, Technical Analysis

by FX Empire | February 4, 2014 6:18 am
The AUD/USD pair try to rally during the session on Monday, finding the 0.88 level far too resistive though. The shooting started formed for the session of course suggests that the Australian dollar will continue to weaken...