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Daily Forex Reports


EUR/USD Forecast March 25, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 25 March 2015 05:59 UTC
The EUR/USD pair broke higher during the course of the session on Tuesday, but as you can see found enough resistance near the 1.10 level to turn things back around and form a massive shooting star. This shooting star is just about as perfect as you can find one, and most certainly at the perfect sp ...

AUD/USD Forecast March 25, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 25 March 2015 05:56 UTC
The AUD/USD pair initially tried to rally during the course of the session, but as you can see struggled above the 0.79 level, and as a result ended up forming a shooting star. With that, we feel that the market will then continue to break back down, as we should head towards the 0.76 level. This wo ...

AUDUSD Trend Line Break (Mar 25, 2015)

Daily Forex Reports | by Kate Curtis | Wednesday, 25 March 2015 04:05 UTC
AUDUSD has been in a steady downtrend since December last year and has been trading below a descending trend line connecting its recent highs on the 4-hour chart. Price seems to have broken above the trend line recently though, indicating that a reversal is in the works.   In addition, AUDUSD has ...

USD/JPY Forecast March 24, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 24 March 2015 10:04 UTC
The USD/JPY pair went back and forth during the course of the session on Monday, as the 120 level offered resistance. However, we believe that ultimately this market will find enough buyers to push this particular market higher, and with that if we can break above the top of the range for the Monday ...

USD/CAD Forecast March 24, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 24 March 2015 10:01 UTC
The USD/CAD pair initially broke down to the upside during the session on Monday, but turned back around to test the 1.25 handle. This is the beginning of significant support, and we believe that it extends all the way down to the 1.24 handle. With that, we are buyers on a supportive candle just bel ...

GBP/USD Forecast March 24, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 24 March 2015 09:59 UTC
The GBP/USD pair initially fell during the course of the session on Monday, but found enough support at the 1.48 level to turn things back around and form a hammer. Because of this, looks like the British pound will test the 1.50 level, but we recognize there could be a bit of resistance in that are ...

EUR/USD Forecast March 24, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 24 March 2015 09:58 UTC
The EUR/USD pair initially fell during the session on Monday, but then shot higher later in the day in order to challenge the 1.0950 region. We still see the 1.10 level as resistance, as the market has seen that level as resistance and support in the past. Because of this, we are looking for some ty ...

AUD/USD Forecast March 24, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 24 March 2015 09:57 UTC
The AUD/USD pair initially fell during the session on Monday, but turned back around and shot much higher. However, there is still much in the way of resistance, extending all the way to at least the 0.80 handle. Because of this, we are not willing to buy this market, and quite frankly are waiting t ...

NZDUSD Reversal Confirmation (Mar 24, 2015)

Daily Forex Reports | by Kate Curtis | Tuesday, 24 March 2015 03:22 UTC
NZDUSD has recently formed a double bottom pattern on its 4-hour time frame and seems to be confirming the potential reversal, as price has already broken above the neckline of the chart pattern at the .7600 major psychological resistance. At the same time, the shorter-term exponential moving averag ...

GBPUSD Double Bottom Pattern (Mar 23, 2015)

Daily Forex Reports | by Kate Curtis | Monday, 23 March 2015 03:15 UTC
GBPUSD could be in for a reversal, as a double bottom pattern formed on its 1-hour forex chart. This could be a sign that the recent downtrend is already over as soon as price breaks past the neckline of the formation around the 1.5000 major psychological resistance. Stochastic seems to be indicati ...

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