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Daily Forex Reports


USD/JPY Forecast February 5, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 05 February 2016 07:52 UTC
The USD/JPY pair broke down during the session on Thursday, as we are starting to slice through the last vestiges of support. Quite frankly, there is a hammer from a couple of weeks back that if we break down below there, this market should rush to the 115 level. However, it should be noted that we ...

USD/CAD Forecast February 5, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 05 February 2016 07:51 UTC
The USD/CAD pair broke down during the course of the day on Thursday, dipping all the way down to roughly the 1.36 handle. Because of this, we look very negative at one point but by the end of the day we turned back around to form a hammer. This makes a lot of sense though, because we get the Nonfar ...

GBP/USD Forecast February 5, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 05 February 2016 07:50 UTC
The GBP/USD pair had a volatile session on Thursday, but ultimately pull back a little bit to form a somewhat neutral candle. The momentum ran out, but that’s not a huge surprise considering that today is Nonfarm Payroll Friday in the United States. With that being the case, the market looks as if ...

EUR/USD Forecast February 5, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 05 February 2016 07:49 UTC
The EUR/USD pair broke higher during the course of the day on Thursday, as we have completely cleared the previous resistance barrier for the consolidation area. With that being the case, the market looks as if it is already starting to make up its mind, and that it should go much higher. Pullbacks ...

AUD/USD Forecast February 5, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 05 February 2016 07:48 UTC
The AUD/USD pair rallied during the session on Thursday but pullback enough to form a bit of a shooting star. The shooting star sits right at the 0.72 handle, and of course the previous uptrend. Because of this, we feel that it is not until we break above the top of the range for the session on Thur ...

USDCAD Long-Term Uptrend (Feb 5, 2016)

Daily Forex Reports | by Kate Curtis | Friday, 05 February 2016 03:57 UTC
USDCAD has been selling off lately but it is closing in on the rising trend line visible on the daily time frame. Price could make a test of the 1.3500-1.3600 support area, which is in line with the 61.8% Fibonacci retracement level based on the latest swing high and low.   In addition, the long- ...

EURGBP Range Retracement (Feb 4, 2016)

Daily Forex Reports | by Kate Curtis | Thursday, 04 February 2016 04:48 UTC
EURGBP recently broke to the upside of its long-term range pattern visible on the daily time frame then zoomed up to the .7750 minor psychological level before showing signs of a pullback. Using the Fib tool on the swing high and low shows that the 38.2% to 50% levels line up with the broken range r ...

USD/JPY Forecast February 3, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 03 February 2016 05:56 UTC
The USD/JPY pair fell significantly during the course of the session on Tuesday, as it appears we are trying to find significant support below. There is quite a bit of support at the 118.50 level, but quite frankly we don’t even know that were going to get all the way down to that area. If we get ...

USD/CAD Forecast February 3, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 03 February 2016 05:56 UTC
The USD/CAD pair tried to rally during the course of the session on Tuesday, but turned back around to form a bit of a shooting star. That being the case, the market looks as if it is trying to fall but we see the 1.38 level below as the bottom of a big supportive section and should continue to keep ...

GBP/USD Forecast February 3, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 03 February 2016 05:55 UTC
The GBP/USD pair initially fell during the day on Tuesday, but turned back around to form a bit of a hammer. The hammer is suggesting that the market is going to try to reach above the 1.45 level. If and when it does, is very likely that this market will continue to go towards the 1.40 level. A brea ...

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