Sponsors

Daily Forex Reports


USD/ JPY Forecast May 3, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 03 May 2016 05:44 UTC
The USD/JPY pair rallied during the day on Monday, but turned right back around to form a bit of an exhaustive candle. That being the case, looks as if the US dollar will continue to fall against the Japanese yen, as it is falling against most other currencies. With that being the case, the market s ...

USD/CAD Forecast May 3, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 03 May 2016 05:43 UTC
The USD/CAD pair did almost nothing during the course of the session on Monday, as it appears that the 1.25 level is going to offer quite a bit of support. With this being the case, we could get a bit of a bounce but any bounce at this point in time will more than likely have enough resistance above ...

GBP/USD Forecast May 3, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 03 May 2016 05:43 UTC
The GBP/USD pair rose during the day, breaking out to a fresh new high on Monday. With that being the case, the market should continue to go towards the 1.48 level, and then eventually the 1.50 level. Pullbacks at this point in time should be supported below as well, and therefore if we do pullback ...

EUR/USD Forecast May 3, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 03 May 2016 05:42 UTC
The EUR/USD pair broke higher during the course of the day, clearing the 1.15 level. By doing so, this market looks like it’s ready to continue going higher and that the Euro is going to break out. We believe that pullbacks will be buying opportunities, on signs of support of course. We believe th ...

AUD/USD Forecast May 3, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 03 May 2016 05:41 UTC
The AUD/USD pair rose during the course of the session on Monday, as we continue to find buyers every time this market pulls down. Ultimately, it appears that the 0.75 level below is massively supportive, and with that being the case it’s only a matter time before we break out to the upside. Of no ...

NZDUSD Countertrend Idea (May 03, 2016)

Daily Forex Reports | by Kate Curtis | Tuesday, 03 May 2016 04:12 UTC
NZDUSD has been trending higher on its 4-hour time frame, moving inside an ascending channel patter. Price already bounced off support and is nearing the channel resistance at the .7100 major psychological mark.   If this resistance holds, price could make its way back towards support at the .695 ...

EURGBP Correction Setup (May 2, 2015)

Daily Forex Reports | by Kate Curtis | Monday, 02 May 2016 10:08 UTC
EURGBP recently made a break below a rising trend line, indicating that price was in for a reversal. The pair bounced off support around .7735 and seems to be making a correction from its drop. Applying the Fib tool on the latest swing high and low shows that the 61.8% Fibonacci retracement level l ...

EUR/USD Forecast May 2, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Saturday, 30 April 2016 14:04 UTC
The EUR/USD pair broke higher during the course of the session on Friday, as it looks like we are getting ready to break towards the 1.15 handle. Pullbacks at this point in time will be buying opportunities on signs of support and as a result we are “buy only” when it comes to the Euro. There is ...

AUD/USD Forecast May 2, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Saturday, 30 April 2016 14:03 UTC
The AUD/USD pair fell during the course of the session on Friday, but there is plenty of support just below. That being the case, the market looks as if the buyers are below, and it should continue to jump in as the 0.75 level has been so supportive. That being the case, the market more than likely ...

USD/JPY Forecast April 29, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 29 April 2016 06:49 UTC
The USD/JPY pair fell during the course of the session on Thursday, following a massive move lower on Wednesday. This was predicated mainly upon the idea that the Bank of Japan did nothing to continue quantitative easing, and the market appears to have reacted quite negatively to it. With this being ...

Recommended Forex Trading Platforms

Forex Trading We know that the right opportunity can happen at anytime, anywhere. Saxo Capital Markets is committed to giving you a suite of platforms that will enable you to access your account and trade the markets whenever and wherever you want.

Sponsors

Subscribe to Newsletter

To receive alerts by email when Free Forex Analysis are updated. Enter your email address below.