EUR/USD Forecast December 8, 2014, Technical Analysis

by FX Empire | December 7, 2014 4:07 am
The EUR/USD pair fell hard during the session on Friday, as the nonfarm payroll number came out much stronger than anticipated. Because of this, we made a fresh low, as the market close to just below the...

AUD/USD Forecast December 8, 2014, Technical Analysis

by FX Empire | December 7, 2014 4:06 am
The AUD/USD pair fell during the course of the day on Friday, as the nonfarm payroll numbers came out stronger than anticipated. With that being the case, the market looks like it’s heading down to the 0.80...

USD/JPY Forecast December 5, 2014, Technical Analysis

by FX Empire | December 5, 2014 8:09 am
The USD/JPY pair went back and forth during the course of the day on Thursday, testing the 120 handle. That’s an area where we see a significant amount of resistance in our opinion, as it is a...

USD/CAD Forecast December 5, 2014, Technical Analysis

by FX Empire | December 5, 2014 8:08 am
USD/CAD pair went back and forth during the session on Thursday, as we continue to meander just above the 1.13 region. The fact that both of these countries release employment numbers today suggests that we will have...

GBP/USD Forecast December 5, 2014, Technical Analysis

by FX Empire | December 5, 2014 8:07 am
The GBP/USD pair went back and forth during the course of the session on Thursday as we continue to meander in this consolidation area. We believe that it’s only a matter of time before the market breaks...

EUR/USD Forecast December 5, 2014, Technical Analysis

by FX Empire | December 5, 2014 8:06 am
The EUR/USD pair tried to rally during most of the day on Thursday, but as you can see struggled as we get close to the 1.25 handle. Because of this, we did of giving up about half...

AUD/USD Forecast December 5, 2014, Technical Analysis

by FX Empire | December 5, 2014 8:04 am
The AUD/USD pair went back and forth during the course of the day on Thursday, as we continue to bounce along just below the 0.84 handle. We believe that this market will eventually go lower, probably heading...

USDJPY Rising Trend Line (Dec 5, 2014)

by Kate Curtis | December 5, 2014 3:15 am
USDJPY is encountering strong resistance at the 120.00 major psychological mark and may be due for a pullback soon. Price could test the rising trend line on its 1-hour chart, as this has been holding as support...

Abenomics: From Faith to Failure

by ForexCycle.com | December 5, 2014 3:08 am
By Elliott Wave International When Shinzo Abe became the Prime Minister of Japan in December 2012, he was regarded with the kind of reverence that politicians dream about. He was featured in a hit pop song (“Abeno...

USDCAD Daily Analysis – December 5, 2014

by ForexCycle.com | December 5, 2014 3:05 am
USDCAD stays in a trading range between 1.1313 and 1.1458. As long as 1.1313 support holds, another rise to test 1.1466 resistance could be expected, a break of this level will signal resumption of the uptrend from...