AUDUSD Short-Term Pullback (Aug 5, 2015)

by Kate Curtis | August 5, 2015 7:46 am
AUDUSD recently surged past the .7350 minor psychological resistance, which has served as a barrier towards the end of last month. Price topped out around .7420 and is showing signs of a pullback to the broken resistance....

USD/JPY Forecast August 5, 2015, Technical Analysis

by FX Empire | August 5, 2015 5:50 am
The USD/JPY pair initially fell during the course of the session on Tuesday, but found enough support below the 124 level to turn things back around and form a hammer. Because of this, the market should then...

USD/CAD Forecast August 5, 2015, Technical Analysis

by FX Empire | August 5, 2015 5:49 am
The USD/CAD pair initially fell during the course of the session on Tuesday, but found enough support below to turn things back around and form a hammer. The hammer of course is a bullish sign, so we...

GBP/USD Forecast August 5, 2015, Technical Analysis

by FX Empire | August 5, 2015 5:49 am
The GBP/USD pair went back and forth during the course of the day on Tuesday, essentially settling nothing. With that being the case, the markets look like they are going to continue to consolidate overall, with the...

EUR/USD Forecast August 5, 2015, Technical Analysis

by FX Empire | August 5, 2015 5:48 am
The EUR/USD pair initially tried to rally during the course of the session on Tuesday, but found the 1.10 level to be a bit too resistive. With this, we ended up forming a shooting star we think...

AUD/USD Forecast August 5, 2015, Technical Analysis

by FX Empire | August 5, 2015 5:47 am
The AUD/USD pair broke higher during the course of the day on Tuesday as the RBA suggested that perhaps rate hikes could be in the future, at least before any type of rate cut. The Reserve Bank...

CADJPY Triangle Breakout (Aug 4, 2015)

by Kate Curtis | August 4, 2015 7:44 am
CADJPY had been trading inside a descending triangle pattern on its 4-hour time frame before the pair made a break below support. This suggests that further losses are likely, possibly triggering a downtrend of around 400 pips...

USD/JPY Forecast August 4, 2015, Technical Analysis

by FX Empire | August 4, 2015 5:57 am
The USD/JPY pair went back and forth during the course of the session on Monday, essentially settling nothing. With that, we believe that the market ultimately is bullish, but at the end of the day we don’t...

USD/CAD Forecast August 4, 2015, Technical Analysis

by FX Empire | August 4, 2015 5:56 am
The USD/CAD pair broke higher during the course of the session on Wednesday, breaking above the 1.31 handle handily. We believe that the market will continue to find buyers every time it dips, especially considering that the...

GBP/USD Forecast August 4, 2015, Technical Analysis

by FX Empire | August 4, 2015 5:56 am
The GBP/USD pair fell again during the session on Monday, but we are essentially just grinding sideways overall. With that being the case, the market looks as if we could see significant consolidation in the short-term, but...