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Daily Forex Reports


AUDUSD Downtrend Reversal (July 31, 2015)

Daily Forex Reports | by Kate Curtis | Friday, 31 July 2015 07:45 UTC
 AUDUSD is forming a double bottom pattern on its 1-hour chart, signaling a potential reversal from the selloff. Price has failed in its last two attempts to break below the .7250 minor psychological support level and is on its way to test resistance at the .7350 neckline.   A break above the ne ...

USD/JPY Forecast July 31, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 31 July 2015 06:27 UTC
The USD/JPY pair initially tried to rally during the course of the day on Thursday, but as you can see struggled and turned back around to form a shooting star. With that being the case, looks like the market is going to pull back, and as a result we are expecting a pullback to the 123.50 level, loo ...

USD/CAD Forecast July 30, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 31 July 2015 06:26 UTC
The USD/CAD pair broke higher during the course of the session on Thursday, clearing the top of the hammer that informed on Wednesday. We had suggested that this market was going to continue to consolidate in the area just above, and that looks like what it did after all. Ultimately we believe that ...

GBP/USD Forecast July 31, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 31 July 2015 06:25 UTC
The GBP/USD pair went back and forth during the course of the day on Thursday, eventually settling on what would be a massively neutral candle. Because of this, we feel that this market is going to trying to find support below, and we think that the 1.55 level certainly should be. We think that the ...

EUR/USD Forecast July 31, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 31 July 2015 06:25 UTC
The EUR/USD pair fell during the day on Thursday, but found a little bit of support just below the range for the day. The 1.09 level looks as if it wants to offer enough support to keep the market going higher. With this, we believe that a bounce could be coming, but also recognize that the 1.10 lev ...

AUD/USD Forecast July 31, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 31 July 2015 06:24 UTC
The AUD/USD pair initially fell during the course of the session on Thursday, but found enough support near the 0.7250 level again to cause a bounce and form a hammer. This hammer of course suggests that we are going to go higher again, but quite frankly we are just going to look at these rallies as ...

EURCHF Breakout Correction (July 30, 2015)

Daily Forex Reports | by Kate Curtis | Thursday, 30 July 2015 07:37 UTC
EURCHF is pulling back from its strong upside break past the symmetrical triangle resistance on the 4-hour chart and may be due for a retest of the 1.0500 major psychological support. This lines up with the 61.8% Fibonacci retracement level and the broken triangle resistance.   The 100 SMA crosse ...

USD/JPY Forecast July 29, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 29 July 2015 11:06 UTC
The USD/JPY pair tried to rally during the course of the session on Tuesday, but pullback as the market continues to chop around in general. Nonetheless, we think that this market does go higher given enough time, breaking above the 125 level to have another leg higher overall. We have no interest i ...

USD/CAD Forecast July 29, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 29 July 2015 11:05 UTC
The USD/CAD pair broke down during the course of the session on Tuesday, but still remains within an area of massive support, extending all the way down to the 1.28 handle. With this, we are buyers on a supportive candle, but we do not have that signal yet. With this, we also recognize that the oil ...

GBP/USD Forecast July 29, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 29 July 2015 11:04 UTC
The GBP/USD pair initially fell during the session on Tuesday, but found support near the 1.55 level to turn things back around and climbed higher. We believe that this market is going to continue to go a little bit higher from here, probably heading towards the 1.57 handle. With this, the market co ...

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