USD/CAD Forecast May 10, 2016, Technical Analysis

by FX Empire | May 10, 2016 6:05 am
The USD/CAD pair gapped higher at the open on Monday, testing the 1.30 level above, which of course is a psychologically significant number. If we can break above there on a daily close, then we may see...

GBP/USD Forecast May 10, 2016, Technical Analysis

by FX Empire | May 10, 2016 6:04 am
The GBP/USD pair initially tried to rally during the course of the session on Monday, and then turn right back around for most of the day and formed a shooting star. Ultimately, breakdown below the bottom of...

EUR/USD Forecast May 10, 2016, Technical Analysis

by FX Empire | May 10, 2016 6:04 am
The EUR/USD pair initially tried to rally during the course of the session on Monday, but turned right back around to form a shooting star. That being the case, the market looks as if we’re going to...

AUD/USD Forecast May 10, 2016, Technical Analysis

by FX Empire | May 10, 2016 6:03 am
The AUD/USD pair fell rather significantly during the day on Monday, as we continue to see a selloff against the Australian currency. The 0.73 level below is a large, round, psychologically significant number, but more importantly it...

GBP/USD Forecast May 9, 2016, Technical Analysis

by FX Empire | May 9, 2016 7:50 am
The GBP/USD pair initially tried to rally during the course of the day on Friday, but found the area above the 1.45 level as far too resistive to continue going higher. By doing so, looks as if...

EUR/USD Forecast May 9, 2016, Technical Analysis

by FX Empire | May 9, 2016 7:49 am
The EUR/USD pair initially tried to rally during the course of the session on Friday, but found the 1.15 level above to be far too resistive to continue the move higher. Once we got the disappointing jobs...

USD/JPY Forecast May 9, 2016, Technical Analysis

by FX Empire | May 9, 2016 7:48 am
The USD/JPY pair fell a bit during the course of the session on Friday as we got fairly weak jobs numbers out of the United States. However, there is a significant amount of support just below, so...

USD/CAD Forecast May 9, 2016, Technical Analysis

by FX Empire | May 9, 2016 7:48 am
The USD/CAD pair initially fell during the course of the day on Friday, but turned right back around to continue the bullish pressure. With this being the case, we are now ready to test the 1.30 level...

AUD/USD Forecast May 9, 2016, Technical Analysis

by FX Empire | May 9, 2016 7:47 am
The AUD/USD pair initially fell during the course of the session on Friday, but turn right back around to form a hammer. Quite frankly, this is a market that has sold off rather drastically after the Reserve...

AUDUSD Major Correction (May 09, 2016)

by Kate Curtis | May 9, 2016 5:37 am
AUDUSD has been selling off in the past weeks but is currently finding support at the 50% Fibonacci retracement level on the 4-hour time frame. This lines up with an area of interest or former resistance around...