USD/CAD Forecast May 16, 2013, Technical Analysis

by FX Empire | May 16, 2013 5:08 am
The USD/CAD pair initially rallied during the session on Wednesday, touching as high as 1.0225 before pulling back in forming a shooting star. Looking at this candle, it is being formed at an area where you would...

GBP/USD Forecast May 16, 2013, Technical Analysis

by FX Empire | May 16, 2013 5:08 am
The GBP/USD pair went back and forth during the session on Wednesday as the 1.52 level was initially broken. However, by the end of the session we had bounced back above that support level, and in fact...

EUR/USD Forecast May 16, 2013, Technical Analysis

by FX Empire | May 16, 2013 5:07 am
The EUR/USD pair fell during the session on Wednesday, although we did see a bit of a bounce towards the end of the session. The 1.2850 level looks to be offering a bit of support, and this...

AUD/USD Forecast May 16, 2013, Technical Analysis

by FX Empire | May 16, 2013 5:06 am
The AUD/USD pair fell during the session on Wednesday, as the 0.99 support level gave way. However, you can see that there was a bounce towards the end of the session that formed a nice looking hammer.

EUR/USD Daily Reversal Chart Patterns (May 15, 2013)

by Kate Curtis | May 15, 2013 6:43 am
Following a successful break of the double top neckline on the daily time frame, EUR/USD appears poised to test the neckline of the larger head and shoulders formation, which can be seen on both the weekly and...

USD/JPY Forecast May 15, 2013, Technical Analysis

by FX Empire | May 15, 2013 5:09 am
The USD/JPY pair initially fell during the session on Tuesday, but as you can see bounced in order to breakout to the upside in above the 102 handle. As we close up the session, we are well...

USD/CAD Forecast May 15, 2013, Technical Analysis

by FX Empire | May 15, 2013 5:09 am
The USD/CAD pair had an extraordinarily strong showing on Tuesday, closing towards the very top of the daily range. This candle shows significant strength, and as a result the 1.01 handle has significantly been overcome now.

GBP/USD Forecast May 15, 2013, Technical Analysis

by FX Empire | May 15, 2013 5:08 am
The GBP/USD pair initially rallied on Tuesday, but this rally had absolutely no momentum. At the end of the day, we sell this market slamming into the 1.5250 support level, breaking down towards the 1.52 handle.

EUR/USD Forecast May 15, 2013, Technical Analysis

by FX Empire | May 15, 2013 5:07 am
The EUR/USD pair tried to rally during the session on Tuesday, but you can see that there are plenty of sellers just above the 1.30 handle. The resulting candle is a bit of a shooting star, although...

AUD/USD Forecast May 15, 2013, Technical Analysis

by FX Empire | May 15, 2013 5:06 am
The AUD/USD pair initially rose during the session on Tuesday, trying to breakout and above the parity level. However, this is the third session in a row that we’ve seen parity act as resistance, and as a...