USD/JPY Forecast May 18, 2016, Technical Analysis

by FX Empire | May 18, 2016 7:15 am
The USD/JPY pair initially tried to rally during the course of the session on Tuesday, but turned around to form a bit of a shooting star as the 110 level above continues to be massively resistive. It...

USD/CAD Forecast May 18, 2016, Technical Analysis

by FX Empire | May 18, 2016 7:14 am
The USD/CAD pair went back and forth during the course of the day on Tuesday, showing that we continue to struggle just below the 1.30 level. If we can break above there, that would be a very...

GBP/USD Forecast May 18, 2016, Technical Analysis

by FX Empire | May 18, 2016 7:11 am
The GBP/USD pair initially tried to rally during the day on Tuesday, but found the area above the 1.45 level to be far too resistive. By doing so, we ended up forming a shooting star and it...

EUR/USD Forecast May 18, 2016, Technical Analysis

by FX Empire | May 18, 2016 7:11 am
The EUR/USD pair rose slightly during the course of the day on Tuesday, as we continue to bounce around off of the 1.13 level. Ultimately, this is a market that will try to get to the 1.14...

AUD/USD Forecast May 18, 2016, Technical Analysis

by FX Empire | May 18, 2016 7:10 am
The AUD/USD pair rose during the day on Tuesday, reaching back above the 0.73 handle again. However, we have the 200 day exponential moving average just above, as it was resistance previously. Because of this, we are...

GBPJPY Triangle Formation (May 18, 2016)

by Kate Curtis | May 18, 2016 2:50 am
GBPJPY has formed higher lows and lower highs, creating a symmetrical triangle pattern on its 4-hour time frame. Price just bounced off the triangle support around the 155.50 minor psychological level and might be due for a...

USD/JPY Forecast May 17, 2016, Technical Analysis

by FX Empire | May 17, 2016 5:40 am
The USD/JPY pair rose slightly during the day on Monday, as we continue to bounce around the 109 handle. With that being the case, looks like we are trying to build up enough momentum to finally break...

USD/CAD Forecast May 17, 2016, Technical Analysis

by FX Empire | May 17, 2016 5:39 am
The USD/CAD pair fell during the course of the session on Monday, as we continue to see quite a bit of resistance of the 1.30 level. That being the case, it’s likely that we will test significant...

GBP/USD Forecast May 17, 2016, Technical Analysis

by FX Empire | May 17, 2016 5:38 am
The GBP/USD pair rose during the day on Monday, as we found quite a bit of support initially. However, there is a lot of resistance all the way to the 1.45 handle, so in exhaustive candle gives...

EUR/USD Forecast May 17, 2016, Technical Analysis

by FX Empire | May 17, 2016 5:38 am
The EUR/USD pair did very little during the day on Monday, as we continue to hang just above the 1.13 level. Because of this, the market doesn’t really attract much attention from us, although we do think...