GBP/USD Forecast December 17, 2013, Technical Analysis

by FX Empire | December 17, 2013 8:37 am
The GBP/USD pair trying to rally during the session on Monday, but as you can see ran into too much resistance of the 1.6350 handle. The resulting resistance pushed the market lower, and formed a shooting star....

EUR/USD Forecast December 17, 2013, Technical Analysis

by FX Empire | December 17, 2013 8:36 am
The EUR/USD pair tried to rally during the session on Monday, but as you can see failed at the 1.38 level yet again. This area has been resistance for some time now, and as a result we...

AUD/USD Forecast December 17, 2013, Technical Analysis

by FX Empire | December 17, 2013 8:34 am
The AUD/USD pair went back and forth during the session on Monday, essentially doing nothing at the end of the day. As we ended the day basically unchanged, this market looks like it’s still comfortable being below...

GBP/USD Reversal Signal? (December 16, 2013)

by Kate Curtis | December 16, 2013 12:25 pm
A double top pattern has formed on GBP/USD’s 4-hour time frame, indicating that the pair’s rally might soon be over. The pair seems to be testing the neckline around the 1.6300 major psychological support. The pattern is...

USD/JPY Forecast December 16, 2013, Technical Analysis

by FX Empire | December 14, 2013 6:09 am
The USD/JPY pair initially tried to rally during the session on Friday, but as you can see pullback to form a shooting star. However, the shooting star is probably just going to be an opportunity to buy...

USD/CAD Forecast December 16, 2013, Technical Analysis

by FX Empire | December 14, 2013 6:07 am
The USD/CAD pair initially tried to rally during the session on Friday, but as you can see pullback in crashed back into the 1.06 handle. This level of course is supportive, and we see support all the...

GBP/USD Forecast December 16, 2013, Technical Analysis

by FX Empire | December 14, 2013 6:05 am
The GBP/USD pair fell during the session on Friday, but as you can see bounced at the 1.6250 level in order to form something along the lines of a hammer for the daily candle. If the top...

EUR/USD Forecast December 16, 2013, Technical Analysis

by FX Empire | December 14, 2013 6:02 am
The EUR/USD pair fell during most of the session on Friday, but as you can see found enough support in the region of the 1.37 level in order to bounce and form a hammer. This hammer suggests...

AUD/USD Forecast December 16, 2013, Technical Analysis

by FX Empire | December 14, 2013 5:59 am
The AUD/USD pair bounced during the session on Friday, but as you can see is still well below the 0.90 level. That area should offer a bit of resistance, and as a result we would not take...

NZD/JPY Rising Channel (December 13, 2013)

by Kate Curtis | December 13, 2013 8:48 am
NZD/JPY has been on a steady uptrend on its 1-hour time frame and might be ready to push higher, given the RBNZ’s hawkish rhetoric in their latest interest rate decision. Although the central bank kept interest rates...