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Daily Forex Reports


AUDUSD Area of Interest (May 4, 2015)

Daily Forex Reports | by Kate Curtis | Monday, 04 May 2015 05:21 UTC
AUDUSD previously broke past the resistance at the .7850 minor psychological level and climbed close to the .8100 major psychological level. From there, the pair retreated to the Fibonacci retracement levels drawn on the latest swing high and low of the 4-hour chart and is finding support at the 50% ...

USD/JPY Forecast May 4, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Sunday, 03 May 2015 05:21 UTC
The USD/JPY pair broke higher during the day on Friday, as we continue to grind our way back towards the top of consolidation. We closed above the 120 level, and that of course is bullish. Ultimately, we feel that the market will more than likely continue to go higher and we look at pullbacks on sho ...

USD/CAD Forecast May 4, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Sunday, 03 May 2015 05:20 UTC
The USD/CAD pair rose during the session on Friday, as we continue to see a bit of a bounce from the 1.20 region. Because of this, the market looks as if it is ready to continue going higher, but we did get back a little bit of the gains late in the session. Ultimately though, we believe that this m ...

GBP/USD Forecast May 4, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Sunday, 03 May 2015 05:18 UTC
The GBP/USD pair initially tried to rally during the session on Friday, but failed and fell flat. Because of this, we ended up testing the 1.51 level, and it now seems like we are heading directly to the 1.50 level. On top of that, we have an absolutely wicked shooting star on the weekly chart, and ...

EUR/USD Forecast May 4, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Sunday, 03 May 2015 05:18 UTC
The EUR/USD pair broke higher during the session on Friday initially, clearing the 1.12 level. However, the area offered enough resistance to turn things back around and form a nasty looking shooting star. This is at the very top of the resistance barrier that we had anticipated seen, which started ...

AUD/USD Forecast May 4, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Sunday, 03 May 2015 05:17 UTC
The AUD/USD pair broke down during the session again on Friday, but did find a little bit of support towards the end of the day. The 0.7850 level looks to be somewhat supportive, but ultimately we think that this market will continue to break down from here. A move below the 0.78 level will more tha ...

USD/JPY Forecast May 1, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 01 May 2015 06:34 UTC
The USD/JPY pair initially fell during the course of the session on Thursday, but found support near the 118.50 level yet again. Because of this, it appears that the market is ready to continue going higher, and that we are buyers as a result. However, we recognize that there may be a lot of choppin ...

USD/CAD Forecast May 1, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 01 May 2015 06:33 UTC
The USD/CAD pair broke higher during the course of the day on Thursday, clearing the top of the hammer in order to fire off by signals. However, we did struggle above the 1.21 handle, so it is likely that the markets will chop around a bit in the meantime. We ultimately believe that this market will ...

GBP/USD Forecast May 1, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 01 May 2015 06:32 UTC
The GBP/USD pair initially tried to rally during the course of the session on Thursday, but the 1.55 level offered resistance yet again. Because of this, the market ended up forming the second shooting star in a row, and now it appears that the British pound is going to pull back from here. It would ...

EUR/USD Forecast May 1, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 01 May 2015 06:32 UTC
The EUR/USD pair had a very volatile session on Thursday, breaking above the 1.12 level but pulling back just slightly. This begins a significant area of noise extending all the way to the 1.15 level, so that means that the Euro is probably going to run into a bit of trouble. Pullbacks will be neces ...

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