EURGBP Range Retracement (Feb 4, 2016)

by Kate Curtis | February 4, 2016 4:48 am
EURGBP recently broke to the upside of its long-term range pattern visible on the daily time frame then zoomed up to the .7750 minor psychological level before showing signs of a pullback. Using the Fib tool on...

USD/JPY Forecast February 3, 2016, Technical Analysis

by FX Empire | February 3, 2016 5:56 am
The USD/JPY pair fell significantly during the course of the session on Tuesday, as it appears we are trying to find significant support below. There is quite a bit of support at the 118.50 level, but quite...

USD/CAD Forecast February 3, 2016, Technical Analysis

by FX Empire | February 3, 2016 5:56 am
The USD/CAD pair tried to rally during the course of the session on Tuesday, but turned back around to form a bit of a shooting star. That being the case, the market looks as if it is...

GBP/USD Forecast February 3, 2016, Technical Analysis

by FX Empire | February 3, 2016 5:55 am
The GBP/USD pair initially fell during the day on Tuesday, but turned back around to form a bit of a hammer. The hammer is suggesting that the market is going to try to reach above the 1.45...

EUR/USD Forecast February 3, 2016, Technical Analysis

by FX Empire | February 3, 2016 5:54 am
The EUR/USD pair went back and forth during the course of the day on Tuesday, as we struggled above the 1.09 region. Because of this, looks like we may pullback and continue the overall consolidation that we’ve...

AUD/USD Forecast February 3, 2016, Technical Analysis

by FX Empire | February 3, 2016 5:54 am
The AUD/USD pair fell during the day on Tuesday, as it looks like we are starting to roll over a little bit. Because of this, we are sellers on a break down below the bottom of the...

EURUSD Potential Breakout (Feb 3, 2016)

by Kate Curtis | February 3, 2016 3:48 am
EURUSD has been consolidating lately, forming higher lows and lower highs to create a symmetrical triangle pattern on its 4-hour time frame. Price is currently testing the top of the pattern, which might continue to hold as...

EURGBP Descending Triangle (Feb 2, 2016)

by Kate Curtis | February 2, 2016 3:21 am
EURGBP is in a consolidation pattern and is currently testing the bottom of a descending triangle formation visible on the 1-hour time frame. Price appears to be bouncing off support at the .7550 minor psychological mark and...

GBPUSD Trend Line Pullback (Feb 01, 2016)

by Kate Curtis | February 1, 2016 6:49 am
GBPUSD recently made a strong downside break from the short-term rising trend line support visible on its 1-hour time frame. This suggests that the pair might be in for a downtrend, although a pullback to the broken...