USD/JPY Forecast May 1, 2013, Technical Analysis

by FX Empire | May 1, 2013 5:29 am
The USD/JPY pair fell during the session on Tuesday, breaking the bottom of a hammer from the Monday session. This is normally a very bearish sign, but quite frankly we don’t short this pair at all based...

USD/CAD Forecast May 1, 2013, Technical Analysis

by FX Empire | May 1, 2013 5:28 am
The USD/CAD pair fell during the session on Tuesday, breaking below the 1.01 handle for the first time in several weeks. Because of this, we feel that this market will continue much lower, and that we could...

GBP/USD Forecast May 1, 2013, Technical Analysis

by FX Empire | May 1, 2013 5:28 am
The GBP/USD pair rose during the session on Tuesday, breaking above the top of the shooting star from Monday as well. Having said that, we have clear the 1.5550 level during the session, but pulled back enough...

EUR/USD Forecast May 1, 2013, Technical Analysis

by FX Empire | May 1, 2013 5:26 am
The EUR/USD pair rose during the session on Tuesday, showing underlying strength as we approach the 1.32 level. The market has been bouncing around in the general vicinity of 1.30 – 1.32 for some time now, and...

AUD/USD Forecast May 1, 2013, Technical Analysis

by FX Empire | May 1, 2013 5:26 am
The AUD/USD pair rose during the session on Tuesday, but failed to crack above the 1.04 level, as we had anticipated. This area will continue to be resistance, as it is the “middle point” of a much...