USDCAD recently broke to the downside of its symmetrical triangle formation and fell to a low of 1.2240. Price has bounced since then and appears to be making a correction to the broken support around 1.2420. Applying...
The US dollar has broken down significantly over the last couple of sessions, and Thursday so more selling pressure. The market looks likely to continue to go towards the 100% Fibonacci retracement level, which is closer to...
The US dollar fell again during the trading session on Thursday, breaking down below the 1.23 handle. However, we have bounced from there, and it looks likely that we are going to try to get a bit...
The British pound rallied a bit during the trading session on Thursday, but slow down as far as the rate of climb is concerned. The market should continue to find buyers underneath, and I think that while...
The EUR/USD pair rallied significantly during the day on Thursday, slamming into the 1.25 handle above, and then slicing through it again. I think that the market is going to continue to go to the upside, you...
If you’ve been reading my work here at FX Empire, you know that I think the area around the 0.80 level is positively crucial for the longer-term attitude of this market. It goes back to the late...
USDCAD remains in the downtrend from 1.2590, the bounce from 1.2281 is likely consolidation of the downtrend. Further decline could be expected after the consolidation and next target would be at 1.2200 area. Near term resistance is...
USDJPY extended its downside movement from 113.38 to as low as 108.49. Further decline is still possible after consolidation and next target would be at 107.31. Near term resistance is at the top trend line of the...
AUDUSD stays above a bullish trend line on its 4-hour chart and remains in the uptrend from 0.7501. As long as the trend line support holds, the fall from 0.8118 could be treated as consolidation of the...
GBPUSD remains in the uptrend from 1.3458. As long as the price is above the rising trend line on the 4-hour chart, the fall from 1.4345 could be treated as consolidation of the uptrend and another rise...
