GBP/USD Forecast May 26, 2016, Technical Analysis

by FX Empire | May 26, 2016 6:11 am
The GBP/USD pair rose during the day on Wednesday, as we tested the 1.47 handle. We did pullback slightly, but at the end of the day we think there is more than enough buying pressure underneath to...

EUR/USD Forecast May 26, 2016, Technical Analysis

by FX Empire | May 26, 2016 6:10 am
The EUR/USD pair rallied slightly during the course of the day on Wednesday, but at this point in time the pair certainly looks very negative. With this being the case, we are looking for shorter-term resistive candles...

AUD/USD Forecast May 26, 2016, Technical Analysis

by FX Empire | May 26, 2016 6:09 am
The Australian dollar initially tried to rally during the day on Wednesday, but turned around back around to form a bit of a shooting star. It looks as if we are trying to bring ourselves lower, but...

EURUSD Descending Channel (May 26, 2016)

by Kate Curtis | May 26, 2016 4:20 am
EURUSD has been trending lower on its 1-hour time frame, moving inside a descending channel connecting the latest highs and lows. Price appears to be on its way to test the resistance once more after the channel...

USD/JPY Forecast May 25, 2016, Technical Analysis

by FX Empire | May 25, 2016 5:38 am
The USD/JPY pair initially fell on Tuesday, but found enough support near the 109 level to turn things back around and reach towards the 110 level. If we can break above there, the market could very well...

USD/CAD Forecast May 25, 2016, Technical Analysis

by FX Empire | May 25, 2016 5:38 am
The USD/CAD pair went back and forth during the course of the day on Tuesday, as we continue to see quite a bit of volatility. We have an interest rate decision coming out of the Bank of...

GBP/USD Forecast May 25, 2016, Technical Analysis

by FX Empire | May 25, 2016 5:37 am
The GBP/USD pair broke higher during the day on Tuesday as the 1.45 level has now offered quite a bit of support. In fact, we went much higher and we believe that the market will probably try...

EUR/USD Forecast May 25, 2016, Technical Analysis

by FX Empire | May 25, 2016 5:36 am
The EUR/USD pair initially tried to rally during the course of the session on Tuesday, but fell significantly and broke down below the 1.12 level. This signifies that the EUR/USD pair will more than likely try to...

AUD/USD Forecast May 25, 2016, Technical Analysis

by FX Empire | May 25, 2016 5:36 am
The AUD/USD pair fell initially during the course of the day on Tuesday, but found enough support to turn things back around and form a hammer. The hammer of course is a bullish sign, so we can...

USDCAD Short-Term Pullback (May 25, 2016)

by Kate Curtis | May 25, 2016 2:50 am
USDCAD has been trending higher on its short-term time frame, moving above a rising trend line connecting the latest lows of price action on the 1-hour chart. Price appears to be hitting a resistance at the 1.3150...