Sponsors

Daily Forex Reports


AUD/USD Forecast August 19, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 19 August 2014 05:19 UTC
The AUD/USD pair as you can see went back and forth during the course of the day on Monday, continuing to show the 0.93 level is an area where the buyers could step back into the marketplace. We feel that this market will more than likely continue to be consolidated of on the longer-term charts, as ...

EURGBP Countertrend Setup (Aug 18, 2014)

Daily Forex Reports | by Kate Curtis | Monday, 18 August 2014 08:38 UTC
EURGBP has been moving inside a rising channel for most of the month, as price made higher lows and higher highs. At the moment, the pair is testing the top of the rising channel, which lines up with the .8000 major psychological barrier. At the same time, stochastic is moving lower, indicating a p ...

USD/JPY Forecast August 18, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Saturday, 16 August 2014 12:17 UTC
The USD/JPY pair went back and forth during the course of the session on Friday, as markets got very concerned about shooting in eastern Ukraine. With that, there was a bit of a “risk off” feel to the general markets later in the day, and as a result this pair of course sold off. Nonetheless, we ...

USD/CAD Forecast August 18, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Saturday, 16 August 2014 12:17 UTC
The USD/CAD pair fell initially during the session on Friday, but found enough support at the 1.0850 level to turn things back around and form a hammer. This hammer of course is supportive looking, and if we can get a break above the top of that, we believe that this market then goes to the 1.10 han ...

GBP/USD Forecast August 18, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Saturday, 16 August 2014 12:16 UTC
The GBP/USD pair rose slightly during the session on Friday, proving that the hammer does in fact have some significance that we printed on Thursday. However, we think this is a short-term buying opportunity, and probably not too much more than that. Because of this, we feel that the market is proba ...

EUR/USD Forecast August 18, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Saturday, 16 August 2014 12:15 UTC
The EUR/USD pair rose during the course of the day on Friday, but as you can see we stopped just below the 1.34 level again. However, the weekly candle for the third week in a row is a hammer, so we feel that a move to the 1.35 level is very likely. We think that the sellers are starting to lose mom ...

AUD/USD Forecast August 18, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Saturday, 16 August 2014 12:15 UTC
The AUD/USD pair fell initially during the session on Friday, but as you can see found a little bit of support at the 0.93 handle, thereby forming a hammer. We believe that the market is trying to break out to the upside, and ultimately we should head to the 0.9450 level. Most certainly, there is a ...

China slams on the breaks – Paxforex

Daily Forex Reports | by Paxforex | Friday, 15 August 2014 10:18 UTC
The Chinese government, currently trying to manage an economic slowdown in the country, is not following the ill-advised short-term approach to fiscal easing amidst what some refer to as a mild economic crisis with ripple effect throughout the global economy. China is the world’s third largest eco ...

Forex Major Currencies Outlook (August 15, 2014)

Daily Forex Reports | by Kate Curtis | Friday, 15 August 2014 08:45 UTC
USD The US dollar had a mixed performance as it advanced to the euro but gave up some of its gains against the comdolls then consolidated to the pound. Data from the US simply came in line with expectations, as the initial jobless claims landed at 311K while import prices marked a 0.2% decline as e ...

EURUSD Symmetrical Triangle Pattern (August 15, 2014)

Daily Forex Reports | by Kate Curtis | Friday, 15 August 2014 08:44 UTC
EURUSD has been consolidating tightly, as the pair made lower highs and higher lows, forming a symmetrical triangle pattern on its 1-hour time frame. Price is currently testing the bottom of the formation while stochastic is moving out of the oversold zone, indicating that a bounce might take place. ...

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.