EUR/USD Forecast May 20, 2013, Technical Analysis

by FX Empire | May 18, 2013 7:32 am
The EUR/USD pair fell during the session on Friday, breaking the bottom of the extremely long legged doji that had formed during the Thursday session. That being the case, this of course brought in more sellers into...

AUD/USD Forecast May 20, 2013, Technical Analysis

by FX Empire | May 18, 2013 7:31 am
The AUD/USD pair fell during the session on Friday, closing well below the 0.98 support level. This market is absolutely broken at the moment, but we are starting to approach significant support levels on the longer-term charts.

USD/JPY Forecast May 17, 2013, Technical Analysis

by FX Empire | May 17, 2013 6:25 am
The USD/JPY pair went back and forth during the session on Thursday, and at the end of the day could hardly decide what it wanted to do. We ended up closing just where we started, forming a...

USD/CAD Forecast May 17, 2013, Technical Analysis

by FX Empire | May 17, 2013 6:24 am
The USD/CAD pair had a positive session during the Thursday trading hours, breaking back towards the 1.02 level. The fact that we formed a shooting star on Wednesday doesn’t help though, and as a result we feel...

EUR/USD Forecast May 17, 2013, Technical Analysis

by FX Empire | May 17, 2013 6:22 am
The EUR/USD pair went back and forth during the session on Thursday, essentially getting nowhere in the end. It is very neutral candle looks like it’s trying to signal that the market is confused down here, and...

AUD/USD Forecast May 17, 2013, Technical Analysis

by FX Empire | May 17, 2013 6:21 am
The AUD/USD pair had a very negative session during the Thursday, lunging all the way down to the 0.98 handle. Even more impressive was the fact that the sellers managed to break the bottom of a perfect...

GBP/USD Trend Line Break and Retest (May 17, 2013)

by Kate Curtis | May 17, 2013 6:08 am
GBP/USD already broke below the rising trend line on the 4-hour time frame earlier this week, but it appears that the pair has found support around the 1.5200 major psychological level for now.

USD/JPY: Chance to Join the Rally? (May 16, 2013)

by Kate Curtis | May 16, 2013 6:17 am
USD/JPY seems to have stalled right below the 103.00 major psychological resistance level as the pair retreated upon reaching a high of 102.78. There could be a chance to hop in the overall uptrend as the pair...

USD/JPY Forecast May 16, 2013, Technical Analysis

by FX Empire | May 16, 2013 5:09 am
The USD/JPY pair went back and forth during the session on Wednesday, forming a very neutral candle. Perhaps this is a sign that a pullback is about to happen, but we see significant support just below at...