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Daily Forex Reports


USD/JPY Forecast June 29, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Monday, 29 June 2015 09:03 UTC
The USD/JPY pair rose during the course of the day on Friday, showing that there is still some resilience in this market. However, we recognize that the market has cooled off lately, mainly because the 125 level above is so resistive. We believe the market will continue to grind away, and it’s onl ...

EURUSD Triangle Breakout (June 29, 2015)

Daily Forex Reports | by Kate Curtis | Monday, 29 June 2015 09:03 UTC
  URUSD finally broke out of its triangle consolidation pattern visible on longer-term time frames, signaling that the pair is ready for more declines. Price gapped down over the weekend and opened below the ascending triangle support.   Stochastic is still moving down, indicating that sellers ...

USD/CAD Forecast June 29, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Monday, 29 June 2015 09:02 UTC
Initially during the session on Friday, the USD/CAD pair tried to rally but failed. The 1.24 level continues offer significant resistance, so we believe that the market is just simply going to fall from here but will likely will find support just below. In other words, we should have more choppiness ...

GBP/USD Forecast June 29, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Monday, 29 June 2015 09:02 UTC
The GBP/USD pair went back and forth on Friday, essentially doing nothing. However, we did find out is that the 1.57 level continues to be supportive, and therefore we feel that it’s only a matter of time before this market bounces. Once it does, we will test the 1.58 level, the 1.59 level, and th ...

EUR/USD Forecast June 29, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Monday, 29 June 2015 09:01 UTC
The EUR/USD pair went back and forth during the course of the day on Friday, essentially settling nothing. But the one thing that we did see was that the 1.11 level continues offer support, as does the area just above it. With this, we believe that eventually the market will break out to the upside, ...

AUD/USD Forecast June 29, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Monday, 29 June 2015 09:01 UTC
The AUD/USD pair fell during the course of the day on writing, but remains well within the consolidation area that we have been stuck in for some time. With that, we don’t really have a trade at the moment, and quite frankly are on the sidelines when it comes to the Australian dollar in general. T ...

USD/JPY Forecast June 26, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 26 June 2015 07:46 UTC
The USD/JPY pair went back and forth during the course of the session on Thursday, essentially forming a rather neutral candle. The 123.50 level seems to be a bit of an epicenter of the range, but we believe ultimately this market will probably pull back a little bit from here, offering a buying opp ...

USD/CAD Forecast June 26, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 26 June 2015 07:45 UTC
The USD/CAD pair fell during the session on Thursday, as we continue to consolidate in general. Remember, the Canadian dollar is highly sensitive to the oil markets, and they are an absolute choppy mess at the moment. With that, it might take a significant move in one of the petroleum markets to mov ...

GBP/USD Forecast June 26, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 26 June 2015 07:44 UTC
The GBP/USD pair bounced off of the 1.57 level in order to form a positive candle. However, the market looks as if it is ready to go higher, and that it’s only a matter of time before we break out to the upside. If we can break above the 1.58 handle, we feel that this market will then go to the 1. ...

EUR/USD Forecast June 26, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 26 June 2015 07:44 UTC
The EUR/USD pair fell initially during the course of the session on Thursday, but found enough support below the 1.12 level to turn things back around and form a bit of a hammer. There is an uptrend line just below, and of course the 1.10 level that we have been talking about here at FX Empire as be ...

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