USD/JPY Forecast December 23, 2016, Technical Analysis

by FX Empire | December 23, 2016 6:24 am
The USD/JPY pair went back and forth during the day on Thursday, as it looks like we are running out of steam. Ultimately, I do believe that the buyers returned but we need a pullback to pick...

USD/CAD Forecast December 23, 2016, Technical Analysis

by FX Empire | December 23, 2016 6:23 am
The USD/CAD pair broke higher during the day on Thursday, testing the 1.35 level for resistance. We turned around at that level, so of course it looks as if we are going to struggle to break above...

GBP/USD Forecast December 23, 2016, Technical Analysis

by FX Empire | December 23, 2016 6:21 am
The British pound fell on Thursday, as we continue to grind lower. In fact, we have broken below the 1.23 level, so it looks as if the market will probably continue down to the 1.21 Anna below....

EUR/USD Forecast December 23, 2016, Technical Analysis

by FX Empire | December 23, 2016 6:20 am
The EUR/USD pair rose on Thursday, but found quite a bit of resistance at the 1.05 level. This is an area that was massively supportive in the past, so it’s not a surprise that it is resistive...

AUD/USD Forecast December 23, 2016, Technical Analysis

by FX Empire | December 23, 2016 6:19 am
The Australian dollar had a volatile session on Thursday as we continue to bang around at fresh, new lows. I believe that the market is going to reach down to the 0.70 level underneath, and at this...

USD/JPY Forecast December 22, 2016, Technical Analysis

by FX Empire | December 22, 2016 7:24 am
The USD/JPY pair initially fell on Wednesday but found enough support underneath to turn things back around and form a hammer. That suggests that we are going to continue to go higher, perhaps reaching towards the 120...

USD/CAD Forecast December 22, 2016, Technical Analysis

by FX Empire | December 22, 2016 7:22 am
The USD/CAD pair rallied just a bit during the session on Wednesday, as we continue to see a lot of choppiness in this pair. Keep in mind that the Canadian dollar is driven by the value of...

GBP/USD Forecast December 22, 2016, Technical Analysis

by FX Empire | December 22, 2016 7:21 am
The British pound went back and forth on Wednesday, as we continue to chop just below the previous uptrend line. Because of this, it’s likely that the market is trying to figure out which way it wants...

EUR/USD Forecast December 22, 2016, Technical Analysis

by FX Empire | December 22, 2016 7:20 am
The EUR/USD pair rallied on Tuesday, trying to reach the 1.05 level. That’s an area that is massively resistive though, as it was massively supportive in the past. Because of this, I’m looking to short-term charts that...

AUD/USD Forecast December 22, 2016, Technical Analysis

by FX Empire | December 22, 2016 7:18 am
The AUD/USD pair fell a bit during the session on Wednesday, as we continue to see quite a bit of resistance near the 0.73 level. I think that any short-term candle that looks suspiciously exhaustive it is...