USD/JPY Forecast December 20, 2013, Technical Analysis

by FX Empire | December 20, 2013 7:41 am
The USD/JPY pair fell initially during the session on Thursday, but as you can see continue the bullish action lately day as we bounce to form a hammer. The hammer suggest that the market is in fact...

USD/CAD Forecast December 20, 2013, Technical Analysis

by FX Empire | December 20, 2013 7:40 am
The USD 40/CAD pair fell during the session on Thursday, to retrace about half of the gains found on Wednesday. Nonetheless, we think this simply going to be a buying opportunity as we continue to chop around...

GBP/USD Forecast December 20, 2013, Technical Analysis

by FX Empire | December 20, 2013 7:39 am
The GBP/USD pair initially tried to fall during the session on Thursday, but found enough support around the 1.6350 level to bounce and form a hammer. This hammer suggest that the market would go higher, but we...

EUR/USD Forecast December 20, 2013, Technical Analysis

by FX Empire | December 20, 2013 7:37 am
The EUR/USD pair fell during the session on Thursday, but we still remain above the 1.36 “floor” in this market. We think that that area still will cause a bit of a bounce, so at this low...

AUD/USD Forecast December 20, 2013, Technical Analysis

by FX Empire | December 20, 2013 7:36 am
The AUD/USD pair had a slight positive session on Thursday, bouncing off the 0.8850 level. However, this market is broken by all accounts, and therefore we believe that the downward channel that we see in the market...

AUD/CAD Major Correction (December 19, 2013)

by Kate Curtis | December 19, 2013 10:19 am
 AUD/CAD seems prime for a large correction on its 1-hour time frame, as the pair has found support around its recent lows around .9450. The pair could pull up to any of the Fib levels marked, particularly...

USD/JPY Forecast December 19, 2013, Technical Analysis

by FX Empire | December 19, 2013 3:16 am
The USD/JPY pair broke out to the outside during the session on Wednesday, after the FMOC announced that it was in fact going to go ahead and start tapering off of the bond buyback purchase program that...

USD/CAD Forecast December 19, 2013, Technical Analysis

by FX Empire | December 19, 2013 3:15 am
The USD/CAD pair broke higher during the session on Wednesday at the FMOC went ahead and announced a slight taper from the bond buyback program. Because of this, it appears that this pair is ready to go...

GBP/USD Forecast December 19, 2013, Technical Analysis

by FX Empire | December 19, 2013 3:13 am
The GBP/USD pair shot much higher during the session on Wednesday, breaking above the recent highs, but then pullback as the FMOC announced that they were in fact going to go ahead and start tapering the bond...

EUR/USD Forecast December 19, 2013, Technical Analysis

by FX Empire | December 19, 2013 3:12 am
The EUR/USD pair initially try to rally during the session on Wednesday, but the 1.38 level offered far too much resistance again. The market really started the selloff though as the Federal Reserve announced that it was...