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Daily Forex Reports


USD/JPY Forecast April 17, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 17 April 2014 06:38 UTC
The USD/JPY pair broke above the 102 level during the session on Wednesday, signifying that we would more than likely continue to grind higher. With that, we are bullish of this market, and fully anticipate that it’s going to head to the 103 level. With that, we are cognizant of the fact that ther ...

USD/CAD Forecast April 17, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 17 April 2014 06:37 UTC
The USD/CAD pair initially fell during the session on Wednesday, but bounced enough to break above the 1.10 level. With that, the market looks like it’s ready to go higher, and quite frankly we do feel like this market will make a move towards a 1.12 level, although it will be a bit tough from tim ...

GBP/USD Forecast April 17, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 17 April 2014 06:37 UTC
The GBP/USD pair broke higher during the session on Wednesday, testing the 1.68 level yet again. That area has been resistive previously, and as a result we do not find it very difficult to imagine that the market could pull back from here. However, if we manage to break above the highs from the ses ...

EUR/USD Forecast April 17, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 17 April 2014 06:36 UTC
The EUR/USD pair rose during the session on Wednesday, using the 1.38 level as a springboard. However, we pulled back enough to form a shooting star, and it appears that the market is going to continue to meander in this general sanity. It does make sense, the 1.38 level is a large, round, psycholog ...

AUD/USD Forecast April 17, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 17 April 2014 06:36 UTC
The AUD/USD pair tried to rally during the session on Wednesday, but as you can see pulled back enough to form a shooting star. This shooting star suggests that the market is ready to continue falling, but quite frankly we see so much support in the neighborhood of 0.9250 that we expected by support ...

How strong is the Chinese economy? – Paxforex

Daily Forex Reports | by Paxforex | Wednesday, 16 April 2014 19:33 UTC
There have been quite a few economic reports released over the past three trading days which painted an economic picture in China which is not reflected in many asset prices. Despite lackluster economic data traders have for the biggest part decided to ignore red flags and pushed asset prices higher ...

USD/JPY Forecast April 16, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 16 April 2014 05:21 UTC
The USD/JPY pair fell initially during the session on Tuesday, but found support down near the 101.50 level yet again. This area has been very strong for some time now, and as a result it doesn’t surprise us that the market stepped up at that point. The resulting candle of course was a hammer, and ...

USD/CAD Forecast April 16, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 16 April 2014 05:20 UTC
The USD/CAD pair rose during the session on Tuesday, but fell 1.10 level to be resistive enough to keep the market down. The resulting shooting star course is a negative sign, and as a result we feel that perhaps the market is going about around in the general vicinity as the Monday candle was a ham ...

GBP/USD Forecast April 16, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 16 April 2014 05:20 UTC
The GBP/USD pair fell during a significant portion of the session on Tuesday, but as we have seen time and time again, the market finds buyers below. With that, we find this market to be bullish, and will continue to buy the British pound on dips. With that, we feel that the market will continue to ...

EUR/USD Forecast April 16, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 16 April 2014 05:19 UTC
The EUR/USD pair went back and forth during the session on Tuesday, forming a very neutral candle. Because of this, we feel that the market simply isn’t going to do my share, and quite frankly is probably finding a significant amount of support up to 1.38 handle, perhaps enough to bring the buyers ...

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