GBP/USD Forecast January 10, 2014, Technical Analysis

by FX Empire | January 10, 2014 7:41 am
The GBP/USD pair rose during the session on Thursday, but found the 1.65 level resistive yet again. Because of this, the market pulled back slightly but still looks like it is going to struggle to get above...

EUR/USD Forecast January 10, 2014, Technical Analysis

by FX Empire | January 10, 2014 7:40 am
The EUR/USD pair rose during the session on Thursday, slamming into the 1.36 level. This market shows that the 1.3550 level has supportive again, and as a result I believe that this market is going to grind...

AUD/USD Forecast January 10, 2014, Technical Analysis

by FX Empire | January 10, 2014 7:39 am
The AUD/USD pair fell during the bulk of the session on Thursday, but as you can see found the 0.89 level supportive enough to form a hammer. It is this pair that could be greatly influenced by...

USD/CHF Descending Trend Line Break (January 9, 2014)

by Kate Curtis | January 9, 2014 9:04 am
The downtrend on USD/CHF may soon be over as the pair already closed above the falling trend line on its daily time frame. As you can see though, stochastic has reached the overbought zone, which means that...

USD/JPY Forecast January 9, 2014, Technical Analysis

by FX Empire | January 9, 2014 6:50 am
The USD/JPY pair has been one that we been very bullish of for a significant amount of time now, and as you can see it has enjoyed a nice rally since the beginning of November. That being...

USD/CAD Forecast January 9, 2014, Technical Analysis

by FX Empire | January 9, 2014 6:49 am
The USD/CAD pair rose during the session on Wednesday, breaking above the 1.08 handle for the first time in ages. This market appears like it’s ready to continue going higher, and therefore we are looking for short-term...

GBP/USD Forecast January 9, 2014, Technical Analysis

by FX Empire | January 9, 2014 6:49 am
The GBP/USD pair rose during the session on Wednesday as we approach the 1.65 handle again. This is an area that we think will be overcome sooner or later, but do recognize the fact that the large,...

EUR/USD Forecast January 9, 2014, Technical Analysis

by FX Empire | January 9, 2014 6:47 am
EUR/USD pair fell during the session on Wednesday, testing the 1.3550 level again. There is a significant cluster in this area from the end of November that we think will continue to offer a bit of support,...

AUD/USD Forecast January 9, 2014, Technical Analysis

by FX Empire | January 9, 2014 6:46 am
The AUD/USD pair try to rally during the session on Wednesday, but as you can see fell after doing so. The resulting candle is a shooting star, and this of course suggests that the market is going...

ADP shows 238,000 Private Sector Jobs Created – PaxForex

by Paxforex | January 8, 2014 3:50 pm
With Friday’s non-farm payroll report out of the US and the usual volatility which comes with it forex traders often try to position their portfolios ahead of the release, depending on their forex strategy as well as...