GBP/USD Forecast June 6, 2014, Technical Analysis

by FX Empire | June 6, 2014 4:58 am
The GBP/USD pair rose during the bulk of the session on Thursday, busting above the 1.68 level area. The market looks rather bullish, and as a result it is likely that we will continue to go higher,...

EUR/USD Forecast June 6, 2014, Technical Analysis

by FX Empire | June 6, 2014 4:44 am
The EUR/USD pair fell during the bulk of the session on Thursday as the Europeans went to negative real interest rates. However, you can see that perhaps the market had already priced this in, and the 1.35...

AUD/USD Forecast June 6, 2014, Technical Analysis

by FX Empire | June 6, 2014 4:35 am
The AUD/USD pair rose during the session on Thursday, breaking above the 0.93 handle. It appears that we are getting ready to go higher, and validate the consolidation area that we have been in for some time....

EUR/CAD Break and Retest Play (June 5, 2014)

by Kate Curtis | June 5, 2014 6:58 am
EUR/CAD might be in for a retest of the broken neckline and support at the 1.5000 major psychological level, with the ECB set to ease in today’s rate statement. Stochastic is already pointing down, which means that...

USD/JPY Forecast June 5, 2014, Technical Analysis

by FX Empire | June 5, 2014 6:22 am
The USD/JPY pair initially fell during the session on Wednesday, but found enough buyers below in order to send the market back up. Ultimately, we formed a positive candle, and it appears that we are in fact...

USD/CAD Forecast June 5, 2014, Technical Analysis

by FX Empire | June 5, 2014 6:21 am
The USD/CAD pair tried to breakout during the session on Wednesday, but in the end it appears that the market ran into far too much resistance above in order to continue going higher. With that, we feel...

GBP/USD Forecast June 5, 2014, Technical Analysis

by FX Empire | June 5, 2014 6:21 am
The GBP/USD pair went back and forth during the course of the session on Wednesday, ultimately settling at a relatively unchanged rate. In the case, we feel that this market is trying to find support below at...

EUR/USD Forecast June 5, 2014, Technical Analysis

by FX Empire | June 5, 2014 6:20 am
The EUR/USD pair fell during the session on Wednesday, as we simply grind away in the current area while we await whatever it is that the European Central Bank has decided. With that being the case, expect...

AUD/USD Forecast June 5, 2014 Technical Analysis

by FX Empire | June 5, 2014 6:19 am
The AUD/USD pair rose during the course of the session on Wednesday, but gave back roughly half of the gains by the time the session closed. That being the case, it looks as if we are in...

USDCAD Daily Analysis – June 5, 2014

by ForexCycle.com | June 5, 2014 2:18 am
USDCAD continued its upward movement from 1.0822, and the rise extended to as high as 1.0955. Further rise could be expected after a minor consolidation, and next target would be at 1.0980 area. Support is at 1.0900,...