EUR/USD Forecast February 18, 2016, Technical Analysis

by FX Empire | February 18, 2016 6:07 am
The EUR/USD pair initially fell during the course of the day on Wednesday, but found enough support just below to turn things back around and form a hammer. The hammer of course is a very bullish sign...

AUD/USD Forecast February 18, 2016, Technical Analysis

by FX Empire | February 18, 2016 6:06 am
The AUD/USD pair broke higher during the course of the session on Wednesday, but still remains below the 0.72 level, an area that we see as the “ceiling” in this market. Ultimately, if we can get a...

NZDUSD Broken Triangle Pullback (Feb 18, 2016)

by Kate Curtis | February 18, 2016 4:41 am
NZDUSD had previously been trading inside a symmetrical triangle formation but broke to the downside. Price then dipped to a low of .6550 before showing signs of a pullback.  Using the Fib tool on the breakout move...

USD/JPY Forecast February 17, 2016, Technical Analysis

by FX Empire | February 17, 2016 8:26 am
The USD/JPY pair fell during the course of the day on Tuesday, as the 115 level proved to be far too resistive. If we can break down below the bottom of the range for the session on...

USD/CAD Forecast February 17, 2016, Technical Analysis

by FX Empire | February 17, 2016 8:26 am
The USD/CAD pair initially fell during the day on Tuesday, but turned around and shot higher. By doing so, the market looks fairly healthy and it also looks as if it should reach towards the 1.40 handle....

GBP/USD Forecast February 17, 2016, Technical Analysis

by FX Empire | February 17, 2016 8:25 am
The GBP/USD pair initially tried to rally during the course of the day here on Tuesday, but turned back around to form a very negative candle. With that being the case, now looks as if the GBP/USD...

EUR/USD Forecast February 17, 2016, Technical Analysis

by FX Empire | February 17, 2016 8:24 am
The EUR/USD pair initially tried to rally during the day on Tuesday, but turned back around to form a bit of a shooting star. This of course is negative, and it looks like we made test the...

AUD/USD Forecast February 17, 2016, Technical Analysis

by FX Empire | February 17, 2016 8:24 am
The AUD/USD pair initially tried to rally but turned back around to fall significantly during the day. The market has a larger consolidation area that extends all the way down to the 0.70 level, and we believe...

GBPUSD Bearish Flag (Feb 17, 2016)

by Kate Curtis | February 17, 2016 5:02 am
GBPUSD suffered a sharp selloff in recent trading and is currently consolidating. A bearish flag continuation pattern can be seen on the 1-hour time frame, signaling another round of potential losses for the pair.  The mast of...

USD/JPY Forecast February 16, 2016, Technical Analysis

by FX Empire | February 16, 2016 7:09 am
The USD/JPY pair rose during the course of the day on Monday, as we reach towards the 115 handle. This is an area where we anticipate quite a bit of resistance to show itself again, so we...