EUR/USD Forecast July 15, 2013, Technical Analysis

by FX Empire | July 13, 2013 5:35 am
The EUR/USD pair fell during the balance of the session on Friday, but as you can see the 1.30 level has offered support yet again. Interestingly enough we have seen two hammers in a row now, and...

AUD/USD Forecast July 15, 2013, Technical Analysis

by FX Empire | July 13, 2013 5:34 am
The AUD/USD pair fell on Friday, but we still remained above the 0.90 handle. We really need to break down below that area in order to be comfortable shorting at this point, although it must be stated...

What Do You Need to Know about the Yield Curve?

by ForexCycle.com | July 12, 2013 1:28 pm
The yield curve is the line that shows determined interest rates of bonds with different maturity levels but with equal credit. Often, it is reported to compare set periods such as six months, two years, and three...

USD/CAD Resistance Turned Support (July 12, 2013)

by Kate Curtis | July 12, 2013 6:01 am
The disappointing FOMC meeting minutes triggered a sharp selloff for USD/CAD, pushing it below the 1.0500 handle and down to the 1.0350 area. Stochastic is already in the oversold region, suggesting that a potential bounce could take...

USD/JPY Forecast July 12, 2013, Technical Analysis

by FX Empire | July 12, 2013 5:12 am
The USD/JPY pair went back and forth during the session on Thursday, essentially ending the day doing nothing. We formed a massively neutral candle, and got nowhere in the end.

USD/CAD Forecast July 12, 2013, Technical Analysis

by FX Empire | July 12, 2013 5:11 am
The USD/CAD pair fell below the 1.04 level again, and now looks suspiciously weak. This is a pair that has been decidedly resilient lately, and below level I.03 level there is a significant support to keep this...

GBP/USD Forecast July 12, 2013, Technical Analysis

by FX Empire | July 12, 2013 5:10 am
The GBP/USD pair did rise initially during the session on Thursday, but as you can see rose in order to form something along the lines of a hammer. Nonetheless, we don’t like this pair at this point...

EUR/USD Forecast July 12, 2013, Technical Analysis

by FX Empire | July 12, 2013 5:09 am
The EUR/USD pair fell during most of Thursday, but as you can see bounced perfectly of the 1.30 level in order to form a hammer for the session. This of course shows that the 1.30 level is...

AUD/USD Forecast July 12, 2013, Technical Analysis

by FX Empire | July 12, 2013 5:08 am
The AUD/USD pair found itself grinding back and forth during the balance of the Thursday session, but as you can see the 0.93 level has offered a bit too much resistance yet again, and as a result...

Major Correction on USD/JPY (July 11, 2013)

by Kate Curtis | July 11, 2013 6:41 am
USD/JPY suffered heavy selling pressure in yesterday’s trading when the FOMC meeting minutes revealed that not all Fed officials are in agreement with Bernanke’s tapering schedule. The minutes showed that some policymakers are still waiting to see...