Author: Irit Rutenberg

By FXEmpire.com For the last 5 sessions, the GBP/USD has tried to break through the 1.65 level. While it can do that, it simply cannot stay above that level. Tuesday saw a shooting star form from this level, and the technical...

By FXEmpire.com The USD/CHF continued to be the “place were money goes to die” on Tuesday. The market is in a very tight range, and it appears that it is “stuck” at this time. The 0.8000 level is massive...

By FXEmpire.com The EUR/CHF pair rose on Tuesday, but managed to fall short of breaking above the 1.15 level again. The 1.15 level is a massive resistance area, and it seems that the pair simply cannot break it. If it ever does...

By FXEmpire.com The AUD/USD shot straight up on Tuesday, and jumped over the 1.05 level. This resistance level keeps getting in the way, and it should be noted that the candle did stop once it broke through. However, the trend...

By FXEmpire.com The USD/CAD pair fell during the Tuesday session, but only slightly. This might be because of the uncertainty involving the Jackson Hole meeting of central bankers this week. On Friday, Ben Bernanke, the Federal...

By FXEmpire.com The NZD/USD pair rose on the Tuesday session, and ended at the top of the candle. The candle did stop at the 0.8350 resistance level, which has been tough lately. The pair could react by falling a bit, but it...

By FXEmpire.com The EUR/USD pair rose on Monday, but pulled back to form a shooting star. This is an especially bearish signal as it not only shows a lack of follow through, but the top of a downward channel as well. This shows...

By FXEmpire.com USD/JPY had a wild run on Monday, as it was both bullish and bearish at times, eventually forming a long-legged doji at the end of the session. The market wants to short this pair, but the Bank of Japan is making...