AUD/USD Forecast July 10, 2013, Technical Analysis

by FX Empire | July 10, 2013 6:20 am
The AUD/USD pair had a strong showing during the session on Tuesday, slamming towards the 0.92 handle. However, we still see this market as struggling to get higher, and because of this we feel that this market...

USD/CAD: FOMC Minutes Setup (July 10, 2013)

by Kate Curtis | July 10, 2013 6:10 am
USD/CAD is trending higher on its 1-hour time frame after it found support around the 1.0500 area. The Loonie is currently being supported by the rise in oil prices, which was spurred by the conflict in Egypt,...

GBP/USD: Major Correction (July 9, 2013)

by Kate Curtis | July 9, 2013 6:58 am
Thanks to the dovish BOE rate statement, GBP/USD suffered a sharp selloff last week. The pair plummeted more than 400 pips, as it fell from the 1.5300 handle to below 1.4900 towards the end of the week.

USD/JPY Forecast July 9, 2013, Technical Analysis

by FX Empire | July 9, 2013 5:50 am
The USD/JPY pair fell during the session on Monday, sitting right at the 101 handle towards the close in New York. That being said, we expect to see a little bit of a bounce here, perhaps even...

USD/CAD Forecast July 9, 2013, Technical Analysis

by FX Empire | July 9, 2013 5:49 am
The USD/CAD pair fell during the session on Monday, but as you can see not very far. It appears that the market is trying to find support somewhere near the 1.0550 level, and because of that we...

GBP/USD Forecast July 9, 2013, Technical Analysis

by FX Empire | July 9, 2013 5:48 am
The GBP/USD pair rose during the session on Monday, bouncing off of the 1.4850 handle. However, we think that the 1.50 level will offer far too much resistance, and therefore waiting to see this market approach that...

EUR/USD Forecast July 9, 2013, Technical Analysis

by FX Empire | July 9, 2013 5:47 am
The EUR/USD pair bounced off of the 1.28 handle during the session on Monday, an area that we had previously mentioned as being rather supportive. It is because of this that we think that the market will...

AUD/USD Forecast July 9, 2013, Technical Analysis

by FX Empire | July 9, 2013 5:46 am
The AUD/USD pair rose during the session on Monday, as the market seems to be trying to find the bottom just above the 0.90 handle. However, the Australian dollar is one of the weakest currencies out there...

USD/CAD Rising Channel Setup (July 8, 2013)

by Kate Curtis | July 8, 2013 6:30 am
The Loonie has been edging lower against the U.S. dollar gradually, as the pair has formed a shallow rising channel on its 1-hour time frame. The pair is currently testing the top of the channel, with stochastic...