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Daily Forex Reports


USD/JPY Forecast June 28, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 28 June 2016 06:17 UTC
The USD/JPY pair had a very volatile session on Monday, chopping around in a fairly tight range. At this point in time, the Bank of Japan has not officially announced that it has intervened in the currency markets, but without a doubt Forex traders are concerned about that happening. With this being ...

USD/CAD Forecast June 28, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 28 June 2016 06:16 UTC
The USD/CAD pair rose during the day on Monday, breaking above the 1.30 level as oil markets fell, and of course the US dollar was purchased in order to get away from other currencies. At this point in time, it appears that the oil markets are going to be testing rather serious support, so if they c ...

GBP/USD Forecast June 28, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 28 June 2016 06:15 UTC
The GBP/USD pair gapped lower at the open on Monday as anticipated, and as a result we continue to see selling pressure. It looks as if the market is going to continue to be a bit on the soft side, so it makes sense that selling short-term rallies that show signs of exhaustion might be the way to go ...

EUR/USD Forecast June 28, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 28 June 2016 06:15 UTC
The EUR/USD pair gapped lower at the open on Monday, and bounced off of the 1.10 level during the day. With this, the market looks as if it is trying to break down but there is a significant amount of support in this area. With that being the case, I think that the easiest way to trade this market r ...

AUD/USD Forecast June 28, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 28 June 2016 06:14 UTC
The AUD/USD pair gapped lower at the open on Monday, and then broke down. This makes a lot of sense, because quite frankly the Australian dollar is highly leveraged to risk appetite, and as a result it makes sense that we will continue to go lower. Short-term rallies offer selling opportunities as f ...

EURCAD Descending Channel (June 28, 2016)

Daily Forex Reports | by Kate Curtis | Tuesday, 28 June 2016 02:56 UTC
EURCAD has been trending lower on its 4-hour time frame, moving inside a descending channel. Price just bounced off support and might be due for a test of resistance at the 1.4500 major psychological level. The 100 SMA is below the 200 SMA so it's likely that the downtrend would carry on. In additi ...

AUDUSD Support Turned Resistance (June 27, 2016)

Daily Forex Reports | by Kate Curtis | Monday, 27 June 2016 05:16 UTC
AUDUSD tested the .7650 minor psychological resistance before selling off sharply last week and a look at the daily time frame shows that this resistance is a long-term area of interest. It held as support in the first half of 2015 before the Chinese stock market slump triggered a breakdown in July ...

USD/JPY Forecast June 27, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Sunday, 26 June 2016 06:50 UTC
The USD/JPY pair fell significantly during the course of the session on Friday, breaking well below the 100 level at one point. However, the market turned around and formed a massive hammer, so if we can break above the top of the range for the Friday session, that could be a very bullish sign. Howe ...

USD/CAD Forecast June 27, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Sunday, 26 June 2016 06:49 UTC
The USD/CAD pair broke higher during the course of the day on Friday, breaking above the 1.30 level at one point. We did find quite a bit of resistance above there though, so having said that it looks as if we are simply going to continue to consolidate in general as this market has been stuck in a ...

GBP/USD Forecast June 27, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Sunday, 26 June 2016 06:49 UTC
The GBP/USD pair fell apart during the day on Friday as it was announced out the United Kingdom has voted believe the European Union. Because of this, the British pound sold off drastically as we sliced through quite a few supportive levels. Ultimately, the British pound will continue to selloff in ...

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