By FXEmpire.com The EUR/USD pair attempted to rally on Tuesday, but fell short and formed a shooting star. The shooting star suggests that perhaps we are going to try the uptrend line or bottom of the rising wedge over the next...
Read MoreBy FXEmpire.com The USD/JPY pair had a bullish session on Monday, as the Yen sold off in general. The 78.75 level gave way, and as such we think that this pair will continue to rise over time. We have been waiting for this...
Read MoreBy FXEmpire.com The GBP/USD pair had a bullish session on Thursday, but for the second day in a row failed to hang on to gains above the 1.57 level. This is two shooting stars in a row, and this suggests to us that it is really...
Read MoreBy FXEmpire.com The EUR/GBP pair attempted a rally on Tuesday, but was repelled at the former uptrend line of what we thought was a bearish flag. Nonetheless, it is a trend line that has acted as both support and resistance now,...
Read MoreBy FXEmpire.com EUR/JPY rallied for the second day in a row on Tuesday, to break through the 97.50 level before selling back off. The pair looks relatively supportive, but the truth is that we may be forming a larger bearish...
Read MoreBy FXEmpire.com The AUD/USD pair fell during the session on Tuesday, but managed to bounce back to hugging the 1.05 level. This suggests to us that perhaps there is support coming back into the marketplace, and as such we may...
Read MoreBy FXEmpire.com The USD/CAD pair fell slightly during the session on Tuesday, but still remains above the 0.99 support level. The pair is obviously in a bearish trend, but we think that the move lower will be dependent on the...
Read MoreBy FXEmpire.com US markets sold off into the close after trading higher at the start of the day on a much better than expected July retail sales number. The S&P 500 finished flat while Canada’s TSX composite fared...
Read MoreBy FXEmpire.com The NZD/USD pair fell during the session on Tuesday, to close near the 0.8050 level. However, this area is the beginning of serious support in this pair, and we do not expect much of a decline from this point. We...
Read MoreBy FXEmpire.com The silver markets had an extremely quiet session on Tuesday, which is becoming the norm in this market recently. We have been stuck in a range between $27 and $28, and believe that this will continue for at...
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