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Daily Forex Reports


USD/JPY Forecast March 26, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 26 March 2015 08:11 UTC
The USD/JPY pair fell during the course of the session on Wednesday, but found enough support at the 119 level again to turn things back around and form a hammer for the second day in a row. Because of this, we believe that the market is going to continue to go higher given enough time, and that a b ...

USD/CAD Forecast March 26, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 26 March 2015 08:11 UTC
The USD/CAD pair rose slightly during the session on Wednesday, as the 1.25 level offered a bit of support. If we can break above the top of the hammer from the Tuesday session, we would be buyers as the market should then go to the 1.28 handle given enough time. If we can break above there, we will ...

GBP/USD Forecast March 26, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 26 March 2015 08:09 UTC
The GBP/USD pair broke higher during the course of the session on Wednesday, but found the 1.50 level to be far too resistive and turned back around to form a shooting star. If we can break down below the 1.48 level, we feel that this market should go much lower, probably heading down to the next ps ...

EUR/USD Forecast March 26, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 26 March 2015 08:08 UTC
The EUR/USD pair tried to rally during the course of the day on Wednesday, but ran into trouble at the 1.10 level yet again. With that, it looks like the market will sell off again, and a break below the lows from the Tuesday session has us selling and aiming for the 1.05 level. We believe that the ...

AUD/USD Forecast March 26, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 26 March 2015 08:07 UTC
The AUD/USD pair initially tried to rally during the course of the session on Wednesday, but fell back down in order to form a relatively negative candle. Because of this, and a break below the shooting star from the Tuesday session, we feel that this market should drop down to the 0.78 level. In fa ...

EURNZD Reversal Formation (Mar 26, 2015)

Daily Forex Reports | by Kate Curtis | Thursday, 26 March 2015 03:49 UTC
EURNZD’s recent downtrend might soon be over, as the pair formed a reversal pattern on its 4-hour chart. The pair has yet to break above the resistance levels around the neckline of the double bottom and the longer-term exponential moving average before confirming the uptrend. Stochastic is alrea ...

USD/JPY Forecast March 25, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 25 March 2015 06:03 UTC
The USD/JPY pair fell initially during the course of the session, but found enough support to turn things back around and form a hammer. The top of the hammer touches of the 120 level, and as a result we believe that a move above 120 is a buying opportunity as we should head to the 122 level. After ...

USD/CAD Forecast March 25, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 25 March 2015 06:02 UTC
The USD/CAD pair initially fell during the course of the day on Tuesday, slicing below the 1.25 handle. However, there was enough support below to turn things back around and form a nice-looking hammer. This of course has us buying on a break above the top of the range, and we believe at that point ...

GBP/USD Forecast March 25, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 25 March 2015 06:00 UTC
The GBP/USD pair initially tried to rally during the course of the session on Tuesday, but found the 1.50 level to be a bit too resistive. By doing so, the market turned back around and form a fairly negative candle, but it is not until we get below the 1.48 level that we feel comfortable selling. O ...

EUR/USD Forecast March 25, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 25 March 2015 05:59 UTC
The EUR/USD pair broke higher during the course of the session on Tuesday, but as you can see found enough resistance near the 1.10 level to turn things back around and form a massive shooting star. This shooting star is just about as perfect as you can find one, and most certainly at the perfect sp ...

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