EUR/USD Forecast November 20, 2013, Technical Analysis

by FX Empire | November 20, 2013 5:44 am
The EUR/USD pair broke above the 1.35 level during the session on Tuesday, but remains in the very top of the resistance zone that we have been paying attention to. We believe that the resistance goes all...

AUD/USD Forecast November 20, 2013, Technical Analysis

by FX Empire | November 20, 2013 5:43 am
The AUD/USD pair rose during the session on Tuesday, breaking above the top of the shooting star on Monday, which of course is a very strong sign. However, we see quite a bit of noise all the...

USD/JPY Forecast November 19, 2013, Technical Analysis

by FX Empire | November 19, 2013 9:05 am
The USD/JPY pair fell hard during the session on Monday, falling from the 100 level. This area offered significant resistance, and as a result it makes sense that we fell from here. This market needs to break...

USD/CAD Forecast November 19, 2013, Technical Analysis

by FX Empire | November 19, 2013 9:04 am
USD/CAD pair fell during the session on Monday, but as you can see found enough support just above the 1.04 level. The resulting hammer suggests that the market is going to continue to consolidate in this general...

GBP/USD Forecast November 19, 2013, Technical Analysis

by FX Empire | November 19, 2013 9:03 am
The GBP/USD pair rose higher during the session initially on Monday, but as you can see pulled back in order to form a shooting star. This shooting star looks negative at this point, and as a result...

EUR/USD Forecast November 19, 2013, Technical Analysis

by FX Empire | November 19, 2013 9:02 am
The EUR/USD pair tried to break above the 1.35 handle during the session on Monday, but as you can see the 1.3550 level offered enough resistance to push the market back down and form a shooting star.

AUD/USD Forecast November 19, 2013, Technical Analysis

by FX Empire | November 19, 2013 9:01 am
The AUD/USD pair rose during the session on Monday, but found enough resistance in the vicinity of the 0.94 level to push the market back down and form a shooting star. The shooting star suggests that the...

EUR/GBP Long-Term Channel (November 19, 2013)

by Kate Curtis | November 19, 2013 6:18 am
EUR/GBP has sold off in the past few days but the daily time frame seems to suggest that a bounce is in the cards. The pair is currently testing the bottom of the descending channel right around...

GBP/USD Descending Channel (November 18, 2013)

by Kate Curtis | November 18, 2013 7:13 am
Last week’s anti-dollar sentiment and relatively upbeat data from the U.K. has triggered a bounce from the bottom of the descending support level on GBP/USD, yet a descending resistance level can also be seen.

USD/JPY Forecast November 18, 2013, Technical Analysis

by FX Empire | November 16, 2013 7:01 am
The USD/JPY pair went back and forth during the session on Friday, essentially proving that the 100 level should offer little bit of support, and this of course is bullish as far as we can tell.