GBP/USD Forecast May 4, 2016, Technical Analysis

by FX Empire | May 4, 2016 6:03 am
The GBP/USD pair initially tried to rally during the day on Tuesday, but turned back around to form a very negative candle. The 1.45 level is offering support though, so this point in time not quite ready...

EUR/USD Forecast May 4, 2016, Technical Analysis

by FX Empire | May 4, 2016 6:02 am
The EUR/USD pair initially rose during the day on Tuesday, but turned back around to form a shooting star. The shooting star of course is a very negative sign, but as we have recently broken above resistance,...

AUD/USD Forecast May 4, 2016, Technical Analysis

by FX Empire | May 4, 2016 6:01 am
The AUD/USD pair fell significantly during the course of the session on Tuesday, crashing into the 0.75 support level. I believe that there is support all the way down to the 0.74 level, so a supportive candle...

EURAUD Double Bottom Pattern (May 04, 2016)

by Kate Curtis | May 4, 2016 4:25 am
EURAUD could be in for a reversal from its selloff, as price formed a double bottom pattern on the 4-hour time frame and broke above the neckline. Price is trading past the resistance at 1.5100 and could...

USD/ JPY Forecast May 3, 2016, Technical Analysis

by FX Empire | May 3, 2016 5:44 am
The USD/JPY pair rallied during the day on Monday, but turned right back around to form a bit of an exhaustive candle. That being the case, looks as if the US dollar will continue to fall against...

USD/CAD Forecast May 3, 2016, Technical Analysis

by FX Empire | May 3, 2016 5:43 am
The USD/CAD pair did almost nothing during the course of the session on Monday, as it appears that the 1.25 level is going to offer quite a bit of support. With this being the case, we could...

GBP/USD Forecast May 3, 2016, Technical Analysis

by FX Empire | May 3, 2016 5:43 am
The GBP/USD pair rose during the day, breaking out to a fresh new high on Monday. With that being the case, the market should continue to go towards the 1.48 level, and then eventually the 1.50 level....

EUR/USD Forecast May 3, 2016, Technical Analysis

by FX Empire | May 3, 2016 5:42 am
The EUR/USD pair broke higher during the course of the day, clearing the 1.15 level. By doing so, this market looks like it’s ready to continue going higher and that the Euro is going to break out....

AUD/USD Forecast May 3, 2016, Technical Analysis

by FX Empire | May 3, 2016 5:41 am
The AUD/USD pair rose during the course of the session on Monday, as we continue to find buyers every time this market pulls down. Ultimately, it appears that the 0.75 level below is massively supportive, and with...

NZDUSD Countertrend Idea (May 03, 2016)

by Kate Curtis | May 3, 2016 4:12 am
NZDUSD has been trending higher on its 4-hour time frame, moving inside an ascending channel patter. Price already bounced off support and is nearing the channel resistance at the .7100 major psychological mark.   If this resistance...