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Daily Forex Reports


USD/JPY Forecast July 29, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 29 July 2016 06:03 UTC
The USD/JPY pair went back and forth during the course of the session on Thursday, as we continue to hang about the 105 level. With this, the market looks as it could continue to find a lot of interest in this area, and with that being the case it will likely be very volatile. I do think that there ...

USD/CAD Forecast July 29, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 29 July 2016 06:03 UTC
The USD/CAD pair initially fell during the course of the day but turned right back around to favor the US dollar. With this, the market looks as if it is trying to bounce around and build up enough momentum to continue pushing this market towards the 1.35 handle above. Dips should continue to be buy ...

GBP/USD Forecast July 29, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 29 July 2016 06:02 UTC
The GBP/USD pair initially fell during the course of the session on Thursday, but as you can see we are still very much in consolidation. Because of this, I believe that the market will continue to go back and forth, offering buying and selling in a fairly tight range. With this being the case, the ...

EUR/USD Forecast July 29, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 29 July 2016 06:00 UTC
The EUR/USD pair rose slightly during the course of the session on Thursday, as we continue to show quite a bit of volatility. However, we are starting to show a bit of resistance just above, so I feel it’s only a matter of time before the market sells off. An exhaustive candle somewhere in this g ...

AUD/USD Forecast July 29, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 29 July 2016 05:59 UTC
The AUD/USD pair rose initially during the course of the session on Thursday, but turned back around form a bit of a shooting star. We are sitting just above the 0.75 handle, and that’s an area that of course attract a lot of attention. I see a lot of consolidation in this area, so having said tha ...

GBPUSD Symmetrical Triangle (July 29, 2016)

Daily Forex Reports | by Kate Curtis | Friday, 29 July 2016 04:26 UTC
GBPUSD has been forming higher lows and lower highs, creating a symmetrical triangle pattern on its 1-hour time frame. Price recently bounced off the triangle support and looks ready to make another test of resistance. The 100 SMA is below the longer-term 200 SMA so the path of least resistance is ...

USD/JPY Forecast July 28, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 28 July 2016 06:08 UTC
The USD/JPY pair initially rallied during the course of the day on Wednesday but found enough resistance above to give up about half of the gains. Nonetheless, I believe it’s only a matter of time before we continue to grind higher, so I think short-term traders will continue to be buyers. The Ban ...

USD/CAD Forecast July 28, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 28 July 2016 06:07 UTC
The USD/CAD pair broke higher during the course of the day on Wednesday, as we continue to grind around the 1.32 level. A break above the top of the range for the last couple of days is reason enough to believe that this market will reach towards the 1.35 handle over the next several sessions. Pullb ...

GBP/USD Forecast July 28, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 28 July 2016 06:06 UTC
The GBP/USD pair initially fell during the day but did bounce a bit to form a slight hammer. I believe that this market is going to continue to consolidate just above the 1.30 level, so short-term buying opportunities could present themselves, just as short-term selling opportunities could on signs ...

EUR/USD Forecast July 28, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 28 July 2016 06:05 UTC
The EUR/USD pair initially tried to rally during the course of the session here on Wednesday, but turned around to form a slightly negative candle. This is a bit of a shooting star, and that of course normally have sellers stepping in and also on top of that we have the 1.10 level, which of course i ...

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