GBP/USD Forecast July 5, 2016, Technical Analysis

by FX Empire | July 5, 2016 6:07 am
The GBP/USD pair did very little on Monday, as the market continues to simply grind sideways. The British pound has been sold off drastically lately, and I do see the 1.35 level above as massively resistant, and...

EUR/USD Forecast July 5, 2016, Technical Analysis

by FX Empire | July 5, 2016 6:05 am
The EUR/USD pair initially fell during the day on Monday, but then turned back around to form a bit of a hammer. The hammer of course is a bullish sign but I also have the previous uptrend...

AUD/USD Forecast July 5, 2016, Technical Analysis

by FX Empire | July 5, 2016 6:04 am
The AUD/USD pair broke above the 0.75 level during the day on Monday, but we are still below the pressure that had formed a shooting star from the previous week. Because of this I believe that the...

EURUSD Broken Trend Line Pullback (July 05, 2016)

by Kate Curtis | July 5, 2016 3:53 am
EURUSD recently broke below a rising trend line on its daily time frame, signaling that the uptrend is over. Price dipped to a low of 1.0925 then showed signs of a pullback. Applying the Fib tool on...

GBP/USD Forecast July 4, 2016, Technical Analysis

by FX Empire | July 4, 2016 7:17 am
GBP/USD fell slightly during Friday, as we continue to see volatility. At this point in time, we are still within the previous consolidation area, so I don’t see much in the chart but if price can break down...

USD/JPY Forecast July 4, 2016, Technical Analysis

by FX Empire | July 4, 2016 7:16 am
The USD/JPY pair fell slightly during the course of the session on Friday, but quite frankly there is quite a bit of support just below. On top of that, you have to worry about whether or not...

AUD/USD Forecast July 4, 2016, Technical Analysis

by FX Empire | July 4, 2016 7:16 am
The AUD/USD  rose slightly during the Friday, testing the 0.75 level. However, price did not break above it and there is a shooting star from the previous week to worry about. With that in mind, I think we...

USD/CAD Forecast July 4, 2016, Technical Analysis

by FX Empire | July 4, 2016 7:15 am
The USD/CAD pair fell significantly during the day but gave back some of the losses before the day was done. At this point in time, it looks that we could drift a little lower but I’m not...

EUR/USD Forecast July 4, 2016, Technical Analysis

by FX Empire | July 4, 2016 7:14 am
EUR/USD  rallied slightly during session on Friday’s session, but found a little bit of trouble at the previous uptrend line as it offers resistance. With this being the case, market will more than likely form a correction...

AUDJPY Pullback Setup (July 04, 2016)

by Kate Curtis | July 4, 2016 5:12 am
AUDJPY recently broke below a long-term support area in its sharp dive to a low of 72.40 before pulling back up. Applying the Fib tool on the latest swing high and low shows that this former support...