EUR/USD Forecast May 11, 2017, Technical Analysis

by FX Empire | May 11, 2017 5:55 am
The EUR/USD pair initially tried to rally during the Wednesday session, but found the 1.09 level to be a bit resistive. There is still a gap on the longer-term charts just below, so I think a fresh,...

AUD/USD Forecast May 11, 2017, Technical Analysis

by FX Empire | May 11, 2017 5:54 am
The Australian dollar had a very bullish session on Wednesday, but found the 0.74 level to be far too resistive. The gold markets of course offer quite a bit of bearish pressure on the Australian dollar as...

USD/JPY Forecast May 10, 2017, Technical Analysis

by FX Empire | May 10, 2017 6:25 am
The USD/JPY pair has been explosive during the day on Tuesday, as we have breached the 114 handle. The market will eventually go towards the 115 level above, which of course was the top of the recent...

USD/CAD Forecast May 10, 2017, Technical Analysis

by FX Empire | May 10, 2017 6:24 am
The USD/CAD pair initially was very flat on Tuesday, testing the 1.37 level for resistance. The oil markets were relatively quiet, but then turned around to start falling again. On top of that, Canadian Building Permits caused...

GBP/USD Forecast May 10, 2017, Technical Analysis

by FX Empire | May 10, 2017 6:22 am
GBP/USD daily chart, May 10, 2017 GBP/USD Forecast May 10, 2017, Technical Analysis 11 hours agoByChristopher Lewis Daily GBP/USD Technical Video The British pound initially tried to rally during the day on Tuesday, but found the 1.2950...

EUR/USD Forecast May 10, 2017, Technical Analysis

by FX Empire | May 10, 2017 6:21 am
After initially gapping higher on Monday, the EUR/USD pair has fallen apart. This was a “buy the rumor, sell the news” type of situation when it came to the French elections, and this pullback has been absolutely...

AUD/USD Forecast May 10, 2017, Technical Analysis

by FX Empire | May 10, 2017 6:20 am
The AUD/USD pair fell during the day on Tuesday, as the 0.74 level continues to offer resistance. That was an area that had been important to the market until Tuesday, and now that we have broken below...

USD/JPY Forecast May 9, 2017, Technical Analysis

by FX Empire | May 9, 2017 7:05 am
The USD/JPY pair had a volatile session on Monday, as we initially gapped higher, and then turned around to fall rather significantly. However, about halfway through the session we formed a nice-looking hammer on the hour chart,...

USD/CAD Forecast May 9, 2017, Technical Analysis

by FX Empire | May 9, 2017 7:03 am
The USD/CAD pair rallied significantly during the day on Monday, as oil markets fell apart. In fact, we tested the 1.37 level, but found resistance in that area. I believe that we could get a bit of...

GBP/USD Forecast May 9, 2017, Technical Analysis

by FX Empire | May 9, 2017 7:01 am
The British pound had a volatile session on Monday, as we chopped around above the 1.2950 level initially, and then broke lower. Because of this, I believe that the market is probably going to pull back towards...