Author: Irit Rutenberg

By FX Empire.com The GBP/USD market rose again on Friday as traders continue to try and sell off the Dollar. The market has found what was once the August lows in the form of the 1.61 area. The market did finish with a green...

By FX Empire.com The USD/CHF pair had a slightly bullish day on Friday, showing that the 0.86 level is the start of possible support in this market. The 0.85 is a more significant level in our eyes, but this area that we found...

By FX Empire.com EUR/CHF continues to sit still. The Swiss National Bank has put a “floor” in on this pair at the 1.20 level, and the whole world knows it. Because of this, we think that the sell side is without a...

By FX Empire.com The AUD/USD pair fell, and then rose again during the Friday session to form a hammer. The candle is at the top of the move up, so it is either supportive – and the rally has been strong, or it will be a...

By FX Empire.com USD/CAD rose and retested the parity level on Friday, only to fall back down. This shows us that the breakdown in this pair was a serious one, and we think a breaking of the lows on Friday could send us into...

By FX Empire.com The NZD/USD pair fell during the early part of the Friday session, only to bounce again during the US session. The commodity trade has been bullish, and the Kiwi has flourished as a result. The candle from...

By FX Empire.com The EUR/USD pair exploded to the upside the previous week. The move saw the pair break through the 1.40 level as the EU finally came out with a bailout plan. The market seems to like what it has learned so far,...

By FX Empire.com USD/JPY fell again this past week, and looks set to test the sub-75 level. The Bank of Japan will not be happy about this development, and could intervene as well. The Non-Farm Payroll report out of the US on...

By FX Empire.com The GBP/USD pair took off this past week, and even managed to break above the 1.60 level – an area that had been very resistive. The market shot straight up to the 1.6150 area, which was supportive several...

By FX Empire.com The USD/CHF fell during the week, and is currently heading down towards the all-important 0.85 level. The area is the beginning of the Swiss National Bank’s intervention candle, and as such we feel that...