By FXEmpire.com The US Dollar Index had a slightly negative session on Friday, and more importantly formed a shooting star at the 83 handle. This suggests to us that the next move will be down, but we see a ton of support at 82....
Read MoreBy FXEmpire.com The S&P 500 had a relatively benign session on Friday for the third day in a row as we hover around the 1400 level. This doesn’t surprise is, as this is just under the recent highs in May, and is also...
Read MoreBy FXEmpire.com The FTSE 100 had a positive session on Friday, although very quiet. This is perhaps because of traders not willing to take on new risk over the weekend, and the fact that we are overextended at this point. The...
Read MoreBy FXEmpire.com The Dow Jones Industrial Average had another fairly quiet session on Friday as the markets continued hovered just above the 13,100 level. We are currently at the top of a roughly defined uptrend channel, and it...
Read MoreBy FXEmpire.com The US Dollar Index had an interesting week as it closed positive, but just so. We find interesting about this chart is that we are sitting right on support at the 82 handle, and also see a little bit of a rising...
Read MoreBy FXEmpire.com The S&P 500 Index had a strong showing over the last five sessions considering how elevated this market really is. When you look at the weekly candles from the past month or so, you do see one running theme:...
Read MoreBy FXEmpire.com The FTSE 100 had a positive week over the last five sessions, as it approaches the 5900 level. It should be noted however, that the area just above is the start of major resistance that runs all the way to the...
Read MoreBy FXEmpire.com The Dow Jones Industrial Average had a slightly positive week over the last five sessions, only to stall just below the recent highs. This market looks much like the S&P 500 in the sense that it seems...
Read MoreBy FXEmpire.com EUR/USD fell during the session on Friday again, but did get a bounce towards the end of the day to form a hammer. This hammer is sitting just below the 1.23 level, and on top of what would be the up trending...
Read MoreBy FXEmpire.com The USD/JPY pair fell during the Friday session to keep within the recent consolidative area as the markets go back and forth. It is a well-known fact that the Bank of Japan has clandestinely intervened in this...
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