AUD/USD Forecast Nov. 1st, 2011, Technical Analysis

by FX Empire | November 1, 2011 8:36 am
The AUD/USD pair fell during the Monday session and even touched the 1.05 area that we have been watching so closely. The 1.05 level was once massive resistance, and it could now be support. The bounce wasn’t...

USD/CHF Forecast Nov. 1st, 2011, Technical Analysis

by FX Empire | November 1, 2011 8:35 am
The USD/CHF rose during the Monday session as the 0.85 level continues to offer a psychological barrier for the sellers in this market. The pair is the inverse of the EUR/USD quite often, and as a result...

GBP/USD Forecast Nov. 1st, 2011, Technical Analysis

by FX Empire | November 1, 2011 8:33 am
GBP/USD fell hard during the Monday session, but bounced from the 1.60 level – an area that we said could produce support. The shape of the daily candle is a hammer, and this also shows that the...

USD/JPY Forecast Nov. 1st, 2011, Technical Analysis

by FX Empire | November 1, 2011 8:32 am
USD/JPY had an interesting day on Monday. The Bank of Japan intervened in the market, driving prices much, higher. The top of the move was 79.50 or so, and it should be noted that the 80 level...

EUR/USD Forecast Nov. 1st, 2011, Technical Analysis

by FX Empire | November 1, 2011 8:32 am
The EUR/USD pair absolutely fell apart during the Monday session as traders continue to scrutinize the EU bailout plans. The market sliced right through the potentially supportive 1.39 – 1.40 level, and this is a very bearish...