AUD/USD Forecast February 1, 2016, Technical Analysis

by FX Empire | January 30, 2016 11:47 am
The AUD/USD pair went back and forth during the day on Friday, essentially settling on a neutral candle. Ultimately though, it is very likely that we will struggle above, as the previous uptrend line should now be...

USD/JPY Forecast January 29, 2016, Technical Analysis

by FX Empire | January 29, 2016 8:12 am
The USD/JPY pair did very little during the day on Thursday, perhaps anticipating the Bank of Japan releasing its monetary policy statement later. However, the one thing that we do recognize that is going on as we...

USD/CAD Forecast January 29, 2016, Technical Analysis

by FX Empire | January 29, 2016 8:12 am
The USD/CAD pair fell significantly during the course of the session on Thursday, testing the 1.40 level for support. We did in fact find it, and at FX Empire we have been waiting for this move. The...

GBP/USD Forecast January 29, 2016, Technical Analysis

by FX Empire | January 29, 2016 8:11 am
The GBP/USD pair rose during the course of the day on Thursday, but we still believe that there is quite a bit of downward pressure on this pair. Because of this, we are simply waiting to see...

EUR/USD Forecast January 29, 2016, Technical Analysis

by FX Empire | January 29, 2016 8:10 am
The EUR/USD pair rose somewhat significantly during the course of the session on Thursday, but we still find yourselves just below significant resistance as we are still within the consolidation area that we have been trading in...

AUD/USD Forecast January 29, 2016, Technical Analysis

by FX Empire | January 29, 2016 8:07 am
The AUD/USD pair broke higher during the course of the session on Thursday, testing the 61.8% Fibonacci retracement level. This is a market that still remains underneath the previous uptrend line, and the fact that we did...

NZDUSD Triangle Formation (Jan 29, 2016)

by Kate Curtis | January 29, 2016 5:26 am
NZDUSD has formed higher lows and lower highs on its 1-hour time frame, creating a symmetrical triangle formation. Price is making its way towards the top of the triangle, possibly to test the resistance at the .6500...

NZDUSD Short-term Double Top (Jan 28, 2016)

by Kate Curtis | January 28, 2016 6:08 am
NZDUSD could be in for more declines, as a double top pattern can be seen on its 1-hour time frame. Price failed in its last two attempts to break past the .6550 minor psychological mark and is...

USD/JPY Forecast January 28, 2016, Technical Analysis

by FX Empire | January 28, 2016 6:05 am
The USD/JPY pair broke higher during the course of the day on Wednesday, clearing the 118.50 level yet again. We believe that a break above the top of the range during the course of the session from...

USD/CAD Forecast January 28, 2016, Technical Analysis

by FX Empire | January 28, 2016 6:04 am
The USD/CAD pair fell slightly during the course of the session on Wednesday, testing the 1.40 level. The area just below is massively supportive in our opinion, so we are waiting to see whether or not we...