Author: Irit Rutenberg

By FXEmpire.com GBP/USD has been an interesting currency pair as of late, and Friday was no different. We saw a high during the session of 1.57 exactly, and it shows that we are banging against the door yet again. The 1.57 area...

By FXEmpire.com EUR/GBP had another horrible day for the Euro on Friday as the downtrend continues. In fact, it looks like we have broken the up trending line of what would’ve been the bearish flag. This looks like we are...

By FXEmpire.com EUR/JPY fell during the Friday session again, but did get a bit of a bounce as the Americans stepped into the markets. This formed a hammer, which of course seems to be focused on the 96 handle as support....

By FXEmpire.com The AUD/USD pair fell for much of the session on Friday only to bounce back off of the 1.05 level and form a hammer. This shows continued resilience on the part of the Australian dollar, and as such we think that...

By FXEmpire.com USD/CAD and try to rally during the Friday session, but was slapped back down to form a massive shooting star to sit just above the 0.99 level. This shows extreme bearishness, and just how negative the view on...

By FXEmpire.com Introduction: Out of the major currency pairs the most popular and easy to trade currency pair is the EUR/USD. It has become so popular with traders these days that even when there is no visible trade to be had...

By FXEmpire.com Introduction: While the ranges are wider (and so should stops be), the lines are rather distinctive, especially towards the borders of the long term wide range. This pair makes for good trades, with the new...

By FXEmpire.com Introduction: The cross tends to move in ranges, with relatively clear barriers. The narrower ranges made it somewhat harder, but it seems to return to wider ranges. The GBP is does not seem to move in response...

By FXEmpire.com Introduction: The Canadian Dollar moves in reaction to the US Dollar. Movements are small and easy to track and trade. The Canadian Dollar also responds to economic reports within Canada. It has little action...

By FXEmpire.com Introduction: Crude Oil is considered the king of the commodities markets. The Strategic Petroleum Reserve is the United States’ emergency oil stockpile, and it is the largest emergency petroleum supply in...