Author: Irit Rutenberg

By FX Empire.com The GBP/USD market continues to meander around the 1.57 – 1.58 area. The pair recently broke through the massive support area in the form of the 1.5850 area, and looks to be weak in the face of a 5 day...

By FX Empire.com USD/CHF rose on Friday, and the pair seems to be lifting slowly. The Swiss National Bank is selling the Franc anytime it rises, so buying this pair is the only way to go in this pair. The USD/CHF is currently...

By FX Empire.com The EUR/CHF continues to be buoyed by the Swiss National Bank and its “line in the sand” at the 1.20 level. The pair cannot be sold because of that, but the pair cannot rise until the Europeans get...

By FX Empire.com The AUD/USD pair managed a bounce from the two previous hammers that it printed this week. The Friday action was positive, but not overly so. The pair looks like it is going to grind higher, so a long is...

By FX Empire.com USD/CAD fell hard on Friday, and even closed at the bottom of the range. The pair is testing the 0.98 level, and we see the next 100 pips down to the 0.97 level as massive support. The oil markets are...

By FX Empire.com NZD/USD continues to fight for the positive at this point, and Friday saw it rising. The 0.81 level is massive support at this point, and the 0.85 – 0.86 levels seem massively resistive. The pair is likely...

By FX Empire.com The previous candle in the EUR/USD weekly chart was horrendous, and although we did in fact get a bounce from the fall this past week, it must be said that resistance came into the market just where support was...

By FX Empire.com USD/JPY fell this week, but remains floating above the 76 handle. The area is considered to be a “line in the sand” for the Bank of Japan as they are willing to jump in and sell the JPY against...

By FX Empire.com Light Sweet Crude The CL contract rose during the Thursday session, and continues to press against the $90 mark; an area that we suggest is a key to making a rally appear in this market. We don’t sell this...

By FX Empire.com The natural gas markets fell on Thursday again, confirming what we spoke of yesterday. The recent consolidation range between the $4.10 and $3.85 levels continues to hold intact, and as such we think that the...