AUDUSD Downtrend Reversal (July 31, 2015)

by Kate Curtis | July 31, 2015 7:45 am
 AUDUSD is forming a double bottom pattern on its 1-hour chart, signaling a potential reversal from the selloff. Price has failed in its last two attempts to break below the .7250 minor psychological support level and is...

USD/JPY Forecast July 31, 2015, Technical Analysis

by FX Empire | July 31, 2015 6:27 am
The USD/JPY pair initially tried to rally during the course of the day on Thursday, but as you can see struggled and turned back around to form a shooting star. With that being the case, looks like...

USD/CAD Forecast July 30, 2015, Technical Analysis

by FX Empire | July 31, 2015 6:26 am
The USD/CAD pair broke higher during the course of the session on Thursday, clearing the top of the hammer that informed on Wednesday. We had suggested that this market was going to continue to consolidate in the...

GBP/USD Forecast July 31, 2015, Technical Analysis

by FX Empire | July 31, 2015 6:25 am
The GBP/USD pair went back and forth during the course of the day on Thursday, eventually settling on what would be a massively neutral candle. Because of this, we feel that this market is going to trying...

EUR/USD Forecast July 31, 2015, Technical Analysis

by FX Empire | July 31, 2015 6:25 am
The EUR/USD pair fell during the day on Thursday, but found a little bit of support just below the range for the day. The 1.09 level looks as if it wants to offer enough support to keep...

AUD/USD Forecast July 31, 2015, Technical Analysis

by FX Empire | July 31, 2015 6:24 am
The AUD/USD pair initially fell during the course of the session on Thursday, but found enough support near the 0.7250 level again to cause a bounce and form a hammer. This hammer of course suggests that we...

EURCHF Breakout Correction (July 30, 2015)

by Kate Curtis | July 30, 2015 7:37 am
EURCHF is pulling back from its strong upside break past the symmetrical triangle resistance on the 4-hour chart and may be due for a retest of the 1.0500 major psychological support. This lines up with the 61.8%...

USD/JPY Forecast July 29, 2015, Technical Analysis

by FX Empire | July 29, 2015 11:06 am
The USD/JPY pair tried to rally during the course of the session on Tuesday, but pullback as the market continues to chop around in general. Nonetheless, we think that this market does go higher given enough time,...

USD/CAD Forecast July 29, 2015, Technical Analysis

by FX Empire | July 29, 2015 11:05 am
The USD/CAD pair broke down during the course of the session on Tuesday, but still remains within an area of massive support, extending all the way down to the 1.28 handle. With this, we are buyers on...

GBP/USD Forecast July 29, 2015, Technical Analysis

by FX Empire | July 29, 2015 11:04 am
The GBP/USD pair initially fell during the session on Tuesday, but found support near the 1.55 level to turn things back around and climbed higher. We believe that this market is going to continue to go a...