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Daily Forex Reports


USD/JPY Forecast May 27, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 27 May 2015 06:13 UTC
The USD/JPY pair broke higher during the course of the day on Tuesday, clearing the 122 handle. We are broken out at this point, and we feel that this market then heads to the 125 handle over the course of the next several weeks. We believe that pullbacks continue to offer buying opportunities, and ...

USD/CAD Forecast May 27, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 27 May 2015 06:13 UTC
The USD/CAD pair broke higher during the course of the session on Tuesday, slicing through the 1.24 level. This is of course in anticipation of the interest-rate coming out of the Bank of Canada, which of course is a market moving event. If we can get above the top of the range for the session on Tu ...

GBP/USD Forecast May 27, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 27 May 2015 06:12 UTC
The GBP/USD pair fell initially during the day on Tuesday, but found enough support near the 1.54 level to turn things back around and form a hammer. This is the area that we set had to hold as support in order for the uptrend to continue. Because of this, if we can get back above the 1.55 handle, w ...

EUR/USD Forecast May 27, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 27 May 2015 06:12 UTC
EUR/USD pair fell during the course of the session on Tuesday, slicing below the 1.09 level. Because of this, we feel the market is ready to go much lower, probably heading towards the lows of the 1.06 handle, or even the lows at the 1.05 handle. Even though we broke down below the 1.10 level previo ...

AUD/USD Forecast May 27, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 27 May 2015 06:11 UTC
The AUD/USD pair broke down during the day on Tuesday, slicing through the 0.78 level. The market looks very bearish at the moment, but there is a lot of noise just below so quite frankly we feel it’s easier to sell the New Zealand dollar than it is the Australian dollar. We believe that the 2 mar ...

USDCHF Area of Interest (May 27, 2015)

Daily Forex Reports | by Kate Curtis | Wednesday, 27 May 2015 06:05 UTC
USDCHF is currently testing a potential resistance zone, which is near the broken support at the .9500 major psychological level. If this area holds as a ceiling, price could turn back down and head to its previous lows around the .9100 major psychological mark.   The resistance area lines up wit ...

USDJPY Ascending Triangle Resistance (May 26, 2015)

Daily Forex Reports | by Kate Curtis | Tuesday, 26 May 2015 06:25 UTC
USDJPY has been trading inside a long-term ascending triangle visible on its daily time frame. Price is testing the triangle resistance near the 122.00 major psychological level right now and may be due for a bounce or a break.   An upside break would confirm that further gains are likely for the ...

USD/CAD Forecast May 26, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 26 May 2015 06:06 UTC
The USD/CAD pair broke a little bit higher during the session here on Monday, but quite frankly we continue to see a lot of noise between here and the 1.24 level. If we can get above there, the market would then become very bullish. On the other hand though, if we find some type of resistant candle ...

GBP/USD Forecast May 26, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 26 May 2015 06:05 UTC
The GBP/USD pair did very little during the session on Monday, but quite frankly that’s not going to be much of a surprise. After all, the Memorial Day holiday in the United States would’ve Liquidity low, but on top of that we have a bank holiday on Monday coming out of the United Kingdom. The f ...

EUR/USD Forecast May 26, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 26 May 2015 06:05 UTC
The EUR/USD pair went back and forth during the course of the session on Monday, as we continue to bounce around the 1.10 level. This is a market that continues to be attracted to this level, an area that was once resistance, and should now be support. However, it’s quite frankly going to be diffi ...

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