USD/JPY Forecast May 31, 2013, Technical Analysis

by FX Empire | May 31, 2013 8:34 am
The USD/JPY pair initially rallied during the session on Thursday, but as you can see it fell back down to form a shooting star. The shooting star is typically a very negative sign, but the reality is...

USD/CAD Forecast May 31, 2013, Technical Analysis

by FX Empire | May 31, 2013 8:33 am
The USD/CAD pair fell rather drastically during the session on Thursday after initially trying to rally. The market is cracking the 1.03 level as we write this story, so at this point in time it does look...

GBP/USD Forecast May 31, 2013, Technical Analysis

by FX Empire | May 31, 2013 8:32 am
The GBP/USD pair had a very strong showing on Thursday, breaking out and shooting towards the 1.5250 handle. We did managed to break above that level for the session, but without a doubt showed a strong candle...

EUR/USD Forecast May 31, 2013, Technical Analysis

by FX Empire | May 31, 2013 8:31 am
The EUR/USD pair found traction during the Thursday session as we plowed through the 1.30 handle finally. If you been watching our videos, you know that I had anticipated this being the “middle point” of a larger...

AUD/USD Forecast May 31, 2013, Technical Analysis

by FX Empire | May 31, 2013 8:30 am
The AUD/USD pair initially fell during the session on Thursday, but as you can see bounced enough to form a hammer. We are currently bouncing around the 0.9650 level, an area that is supportive for the longer-term...

USD/CHF Head and Shoulders Pattern (May 30, 2013)

by Kate Curtis | May 30, 2013 7:48 am
On its 4-hour time frame, USD/CHF seems to have formed a head and shoulders pattern, indicating a potential reversal from the pair’s rallies earlier this year.

USD/JPY Forecast May 30, 2013, Technical Analysis

by FX Empire | May 30, 2013 5:33 am
The USD/JPY pair fell on Wednesday, slamming back into the 101 level. However, this area has been rather supportive lately, so we feel that this is more than likely going to be a buying opportunity more than...

USD/CAD Forecast May 30, 2013, Technical Analysis

by FX Empire | May 30, 2013 5:33 am
The USD/CAD pair fell rather significantly during the session on Wednesday, and managed to close at the very lows of the daily range. However, we still see the 1.03 level as very supportive, and that this market...

GBP/USD Forecast May 30, 2013, Technical Analysis

by FX Empire | May 30, 2013 5:32 am
The GBP/USD pair had a strong showing during the Wednesday session, bouncing off of the 1.50 yet again. However, we did not see a breakout, rather we simply saw a market that bounce back to the top...

EUR/USD Forecast May 30, 2013, Technical Analysis

by FX Empire | May 30, 2013 5:31 am
The EUR/USD pair had a strong showing during the session on Wednesday, as the market continues to bounce around in the consolidation area that we have seen for some time. The 1.28 level on the bottom represents...