Sponsors

Daily Forex Reports


NZDUSD Short-Term Reversal Signal (Feb 24, 2017)

Daily Forex Reports | by Kate Curtis | Friday, 24 February 2017 06:41 UTC
NZDUSD failed in its last two attempts to break below the .7150 minor psychological level, creating a double bottom formation visible on its 1-hour chart. Price has yet to break above the neckline around the .7250 level to confirm the reversal. If that breakout materializes, NZDUSD could climb by a ...

USD/JPY Forecast February 23, 2017, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 23 February 2017 08:09 UTC
The USD/JPY pair fell initially on Wednesday but found enough support again near the 112.50 level to turn things around and form a hammer. The hammer of course is a bullish sign and if we can break above the top of a, I don’t see any reason we can’t continue to go towards the 115 level above. ...

USD/CAD Forecast February 23, 2017, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 23 February 2017 08:08 UTC
The US dollar initially pulled back during the day on Wednesday but found enough support at the 1.31 level to turn things around and rally. We broke above the 1.32 level during the day, and if we can break above the top of the range for the Wednesday session, I believe that this market continues t ...

GBP/USD Forecast February 23, 2017, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 23 February 2017 08:06 UTC
The British pound went back and forth during the day on Wednesday, testing the 1.25 level for resistance. We found that there again, but it just tells me that if we can break above there, the market should then reach towards the 1.2700 level above there, and the perhaps breakout longer term. Short ...

EUR/USD Forecast February 23, 2017, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 23 February 2017 08:05 UTC
The EUR/USD pair fell slightly during the day on Wednesday, testing the 1.05 level. That’s an area that has been supportive in the past, so it makes sense that we might bounce from here. However, I see a lot of negativity in the moving averages, and I believe that there is a lot of fear when it ...

AUD/USD Forecast February 23, 2017, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 23 February 2017 08:02 UTC
The Australian dollar rallied a bit during the day on Wednesday, but found a bit of resistance at the 0.77 handle. Nonetheless, I believe that it’s only a matter of time before the Aussie continues to climb, so I have no interest in shorting. I believe there is a significant amount of support ne ...

EURJPY Descending Channel (Feb 23, 2017)

Daily Forex Reports | by Kate Curtis | Thursday, 23 February 2017 04:41 UTC
EURJPY is trending lower on its 4-hour chart, moving inside a descending channel connecting the latest highs and lows of price action. The pair is bouncing off support at the moment and may be due for a test of resistance. The 100 SMA is below the longer-term 200 SMA on this time frame so the path ...

USD/JPY Forecast February 22, 2017, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 22 February 2017 08:22 UTC
The USD/JPY pair rallied a bit during the day on Tuesday as we continue to see support near the 112.500 level. If we can break above the top of the range I think that we will test the 115 level again for resistance. If we can break above back, then we can reach the highs. I believe short-term pull ...

USD/CAD Forecast February 22, 2017, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 22 February 2017 08:21 UTC
The USD/CAD pair rally during the day on Tuesday, breaking above the 1.31 handle. It looks as if the markets are going to have a significant amount of push back at the 1.32 level above, so even though it is a bullish move, I think it is going to be choppy and difficult to deal with. When I do find ...

GBP/USD Forecast February 22, 2017, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 22 February 2017 08:20 UTC
The GBP/USD pair fell during the day on Tuesday initially but found enough support near the 1.24 level to turn things around to form a hammer. It now looks as if we are trying to break above the 1.25 level, but there is a lot of resistance just above as well. I think that it is going to be choppy ...

Recommended Forex Trading Platforms

Forex Trading We know that the right opportunity can happen at anytime, anywhere. Saxo Capital Markets is committed to giving you a suite of platforms that will enable you to access your account and trade the markets whenever and wherever you want.

Sponsors

Subscribe to Newsletter

To receive alerts by email when Free Forex Analysis are updated. Enter your email address below.