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Daily Forex Reports


EURUSD Rising Channel (Aug 28, 2015)

Daily Forex Reports | by Kate Curtis | Friday, 28 August 2015 08:36 UTC
Despite its recent sharp selloff, EURUSD is still on an uptrend on its longer-term time frames. The pair is moving inside a rising channel on its 4-hour chart and may be ready to test the channel support at the 1.1000 major psychological level.   Stochastic is already indicating oversold conditio ...

GBPCAD Pullback to 200 SMA (Aug 27, 2015)

Daily Forex Reports | by Kate Curtis | Thursday, 27 August 2015 07:50 UTC
GBPCAD is currently making a correction to the broken resistance around the 2.0600 major psychological support, which lines up with the 200 SMA on the 1-hour time frame. The short-term 100 SMA is still above the 200 SMA so it’s likely that the uptrend could carry on.   In addition, price is fin ...

GBPUSD Retracement Setup (Aug 26, 2015)

Daily Forex Reports | by Kate Curtis | Wednesday, 26 August 2015 07:21 UTC
GBPUSD recently broke past the resistance at the 1.5650-.1.5700 psychological levels and is showing signs of a pullback from the rally. The Fib tool appliced on the swing low and high on the 4-hour chart shows that the 38.2% to 50% retracement levels line up with the broken resistance, which might n ...

USD/JPY Forecast August 26, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 26 August 2015 07:03 UTC
The USD/JPY pair fell slightly during the course of the day on Tuesday, but as you can see continues to hover around the 120 level. By doing so, it looks like the market is trying to find enough buying pressure to continue going higher over the longer term, and we believe that a break above the top ...

GBP/USD Forecast August 26, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 26 August 2015 07:02 UTC
The GBP/USD pair initially tried to rally during the course of the session on Tuesday, but found the 1.58 level be far too resistive. Because of this, we turned back around and we close to the day looking for support near the 1.5680 handle. There is quite a bit of noise here, so we are simply waitin ...

EUR/USD Forecast August 26, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 26 August 2015 07:01 UTC
The EUR/USD pair fell during the day on Tuesday, slamming into the 1.14 handle. This was the scene of significant resistance previously, so it should now be support. If we can break back above the 1.15 level, we feel that this market continues to go higher and the uptrend continues. On the other han ...

AUD/USD Forecast August 26, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 26 August 2015 07:00 UTC
The AUD/USD pair initially tried to rally during the course of the day on Tuesday, but found itself struggling yet again. Because of this, we believe that the market is in fact going to try to reach down to the 0.70 level, and try to find some type of support. In the meantime, we feel that the marke ...

GBPAUD Pullback to 2.1500? (Aug 25, 2015)

Daily Forex Reports | by Kate Curtis | Tuesday, 25 August 2015 07:03 UTC
GBPAUD made a strong break past the key resistance around the 2.1400-2.1500 levels, before zooming up to the 2.2300 area. From there, the pair showed signs of pulling back and using the Fibonacci tool on the latest swing high and low on the 4-hour time frame shows that the 61.8% level lines up with ...

NZDUSD Descending Triangle (Aug 24, 2015)

Daily Forex Reports | by Kate Curtis | Monday, 24 August 2015 05:47 UTC
NZDUSD is forming a descending triangle on its 4-hour time frame, making lower highs and finding support around the .6500 major psychological level. Price just got rejected on its latest test of the triangle resistance and is making its way back towards the bottom of the triangle. The 100 SMA is be ...

USD/JPY Forecast August 24, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Sunday, 23 August 2015 02:43 UTC
The USD/JPY pair broke down during the course of the day on Friday, slicing into the 122 handle. With this, it looks like we’re going to test the uptrend line, so we are looking for some type supportive candle in order to start buying. Nonetheless, we have no interest in selling this pair, at leas ...

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