AUD/USD Forecast May 6, 2016, Technical Analysis

by FX Empire | May 6, 2016 6:25 am
The AUD/USD pair fell during the course of the session on Thursday, as we test the support down between the 0.75 level and the 0.74 handle. Ultimately, this is a market that will be very sensitive to...

GBPAUD Trend Line Test (May 06, 2016)

by Kate Curtis | May 6, 2016 3:47 am
GBPAUD has been trending lower on the 4-hour time frame, moving below a descending trend line connecting the latest highs of price action. Price looks ready for another test of this trend line soon and technical indicators...

USD/JPY Forecast May 5, 2016, Technical Analysis

by FX Empire | May 5, 2016 9:28 am
The USD/JPY pair initially fell during the day on Wednesday but found enough support near the 106 level to turn things back around and form a hammer. The hammer of course is a bullish sign, and it...

USD/CAD Forecast May 5, 2016, Technical Analysis

by FX Empire | May 5, 2016 9:27 am
The USD/CAD pair broke higher during the course of the day on Wednesday, as it looks like we are ready to try to reach towards the 1.30 level. This is an area that should be massively resistive...

GBP/USD Forecast May 5, 2016, Technical Analysis

by FX Empire | May 5, 2016 9:27 am
The GBP/USD pair initially tried to rally during the day but then dipped below the 1.45 handle. Ultimately, we ended up forming something akin to a shooting star so it looks as if the market is trying...

EUR/USD Forecast May 5, 2016, Technical Analysis

by FX Empire | May 5, 2016 9:26 am
The Euro tried to rally during the day on Wednesday, but struggled above the 1.15 level again. By doing so, we ended up forming a bit of a shooting star and it looks as if we may...

AUD/USD Forecast May 5, 2016, Technical Analysis

by FX Empire | May 5, 2016 9:25 am
The AUD/USD pair initially tried to rally during the day on Wednesday but found the area above the 0.75 level to be a little bit too rich. By doing so, we ended up turning a bit negative...

GBPUSD Uptrend Correction (May 05, 2016)

by Kate Curtis | May 5, 2016 3:57 am
GBPUSD has been trending higher recently, moving above a rising trend line on its 4-hour time frame. Price found resistance near the 1.4750 minor psychological level and seems to be in the middle of a correction. Applying...

USD/JPY Forecast May 4, 2016, Technical Analysis

by FX Empire | May 4, 2016 6:04 am
The USD/JPY pair initially fell during the course of the session on Tuesday, reaching towards the 105 level. This is an area that we have been talking about as being extremely important for some time, so having...

USD/CAD Forecast May 4, 2016, Technical Analysis

by FX Empire | May 4, 2016 6:03 am
The USD/CAD pair initially fell during the course of the session on Tuesday, but found enough support below the 1.25 level to turn things around and form a rather positive candle. This engulfing candle should signal that...