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Daily Forex Reports


The Top 5 Forex Developments 11/17/14 through 11/21/14 – Paxforex

Daily Forex Reports | by Paxforex | Monday, 24 November 2014 13:05 UTC
Here are the Top 5 Forex Developments for the trading week between 11/17/14 and 11/21/14: Number One: Japanese GDP The Japanese economy tanked into a recession in the third-quarter as Abe’s Abenomics once again after his sales tax increase on April 1st has punished the Japanese economy, its busi ...

AUDUSD Reversal Pattern (Nov 24, 2014)

Daily Forex Reports | by Kate Curtis | Monday, 24 November 2014 06:10 UTC
A short-term rally might take place for AUDUSD, as the pair formed a double bottom pattern on its 4-hour time frame. Price is still a few pips away from the neckline around the .8800 major psychological level but stochastic is indicating that there may be enough buying pressure left for a breakout. ...

USD/JPY Forecast November 21, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 21 November 2014 08:10 UTC
The USD/JPY pair initially tried to rally during the course of the day on Thursday, but turned back around to form a shooting star. The shooting star suggests to us that the market is going to pull back, and quite frankly we look at that as value in the US dollar. We believe that the 115 level below ...

USD/CAD Forecast November 21, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 21 November 2014 08:10 UTC
The USD/CAD pair initially tried to rally during the session here on Thursday, but fell back down and tested the 1.13 level. With that, it appears that the market should continue to find buyers just below, and as a result we are looking for some type of supportive candle in order to start going long ...

GBP/USD Forecast November 21, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 21 November 2014 08:09 UTC
The GBP/USD pair went back and forth during the course of the day on Thursday, testing the 1.57 level. The market showed a neutral candle, so quite frankly it’s almost impossible to imagine place a trade at the moment. However, if we see some type of resistant candle above, we would be more than w ...

EUR/USD Forecast November 21, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 21 November 2014 08:08 UTC
The EUR/USD pair went back and forth during the course of the session on Thursday, testing the 1.25 level for support. It did in fact find it, but at the end of the day we continue to go sideways. We believe that ultimately if we can break down below the 1.25 level, we would be massively bearish. A ...

AUD/USD Forecast November 21, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 21 November 2014 08:07 UTC
The AUD/USD pair initially fell during the course of the day on Thursday, testing the 0.86 handle. Because of that, we do forming a little bit of a hammer like candle and it suggests to us that we may bounce a little bit. Quite frankly that’s a selling opportunity as far as we can see, and we are ...

USDJPY Uptrend Retracement (Nov 21, 2014)

Daily Forex Reports | by Kate Curtis | Friday, 21 November 2014 06:36 UTC
USDJPY has been on a steady climb but it appears to be retreating from its latest rally. Price peaked close to the 119.00 handle then showed signs of retracement to the 116.50-117.00 levels.   The Fibonacci tool on the latest swing high and low shows that the 61.8% level lines up with the rising ...

EURUSD Rising Trend Channel (Nov 20, 2014)

Daily Forex Reports | by Kate Curtis | Thursday, 20 November 2014 06:06 UTC
EURUSD is moving inside a rising channel on its 1-hour forex chart, with price just finding resistance at the top of the range. Stochastic is moving lower, indicating that sellers are in control of price action for now. MACD is also heading down, which confirms the bearish momentum. With that, EURU ...

USD/JPY Forecast November 20, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 20 November 2014 06:01 UTC
The USD/JPY pair broke higher during the course of the day here on Wednesday, as we tested the 118 handle. Because of this, it looks like the USD/JPY pair is ready to continue going higher over the longer term, and we feel that the market is then heading to the 120 level given enough time. Quite fra ...

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