AUD/USD Forecast December 4, 2013, Technical Analysis

by FX Empire | December 4, 2013 8:23 am
The AUD/USD pair fell during the session on Tuesday, but as you can see bounced rather hard from the 0.9550 handle. This resulted in a hammer, which of course is very supportive. However, we are most definitely...

EUR/USD Channel Support (December 3, 2013)

by Kate Curtis | December 3, 2013 7:08 am
EUR/USD is still in its uptrend for now, although the pair was pushed down to test the channel support on the ascending trend line on the 1-hour time frame. A bounce from this area could take the...

USD/JPY Forecast December 3, 2013, Technical Analysis

by FX Empire | December 3, 2013 3:46 am
The USD/JPY pair rose during the session on Monday, breaking above the 103 level at one point during the session. However, you can see that we pullback slightly, but we still have a nice solid looking candle...

USD/CAD Forecast December 3, 2013, Technical Analysis

by FX Empire | December 3, 2013 3:45 am
The USD/CAD pair rose during the session on Monday, eclipsing the 1.06 handle by a significant amount. Finally. With that being the case, we are definitely looking to buy this market, and believe that any pullback at...

GBP/USD Forecast December 3, 2013, Technical Analysis

by FX Empire | December 3, 2013 3:44 am
The GBP/USD pair tried to go much higher during the session on Monday, but as you can see turned around and formed a massive shooting star. The shooting star of course is bearish, but we don’t necessarily...

EUR/USD Forecast December 3, 2013, Technical Analysis

by FX Empire | December 3, 2013 3:43 am
The EUR/USD pair went back and forth during the session on Monday, ultimately falling through the 1.3550 level though. This rather bearish candle doesn’t really do much for us though, as we still see significant support below...

AUD/USD Forecast December 3, 2013, Technical Analysis

by FX Empire | December 3, 2013 3:42 am
The AUD/USD pair tried to rally during the session on Monday, but as you can see found far too much resistance and formed a shooting star. Because of this, we think that the market is going to...

AUD/USD Major Pullback (December 2, 2013)

by Kate Curtis | December 2, 2013 12:59 pm
After breaking below the neckline of the head and shoulders pattern on the 4-hour time frame, AUD/USD looks ready to make a quick pullback before resuming its selloff.

USD/JPY Forecast December 2, 2013, Technical Analysis

by FX Empire | December 1, 2013 8:43 am
The USD/JPY pair went back and forth during the session on Friday, essentially settling nothing by the end of the day. However, this market is decidedly bullish, and therefore we will not short it. We would love...

USD/CAD Forecast December 2, 2013, Technical Analysis

by FX Empire | December 1, 2013 8:42 am
The USD/CAD pair initially fell during the session on Friday, but as you can see has bounced high enough to break above the 1.06 handle on the daily close for the first time in ages.