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Daily Forex Reports


GBP/USD Forecast April 23, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 23 April 2014 03:28 UTC
The GBP/USD pair rose during the session on Tuesday, but could not breakout to fresh new highs. However, the 1.6850 level looks like its being challenged rather significantly, so we feel it’s only a matter of time. A move above that level has as buying this pair and aiming for the 1.70 handle, whi ...

EUR/USD Forecast April 23, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 23 April 2014 03:28 UTC
The EUR/USD pair tried to rally during the session on Tuesday, but fell from the 1.3835 level to form a shooting star. This suggests that the market is going to continue falling from here, and that a significant amount of support below will be tested. However, we feel that the market will be overly ...

AUD/USD Forecast April 23, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 23 April 2014 03:27 UTC
The AUD/USD pair rose during the session on Tuesday, breaking the top of the hammer that had formed on Monday. That signifies that we are going higher in our opinion, and as a result we started buying the Aussie dollar early in the session. We think that the market goes to the 0.95 level where it sh ...

USD/JPY Rising Channel Pattern (April 22, 2014)

Daily Forex Reports | by Kate Curtis | Tuesday, 22 April 2014 07:10 UTC
USD/JPY is moving inside an ascending trend channel on its 4-hour time frame, indicating that further gains could be in the cards for the pair. Take note though that stochastic already reached the overbought zone and may indicate weakening buying momentum in the near term. A small pu ...

USD/JPY Forecast April 22, 2014, get technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 22 April 2014 04:45 UTC
The USD/JPY pair went back and forth during the session on Monday, as traders came back from the holiday weekend. However, much of Europe was still away from its desk, and as a result the liquidity would have been a bit thin. With that being the case, there is in too much you can read into this mark ...

USD/CAD Forecast April 22, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 22 April 2014 04:44 UTC
The USD/CAD pair did nothing during the session on Monday, as we continue to meander around the 1.10 level. Isn’t this area that we think that a strong battle between the buyers and sellers is occurring, with our belief that the buyers will eventually take over. After all, the weekly candle from t ...

GBP/USD Forecast April 22, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 22 April 2014 04:43 UTC
The GBP/USD pair tried to rally during the session on Monday, but as you can see giveback most of the gains. At the end of the day, we had form a shooting star, which of course is a negative sign. However, we believe that this is a simple pullback waiting to happen, not some type of meltdown. With t ...

EUR/USD Forecast April 22, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 22 April 2014 04:43 UTC
The EUR/USD pair initially tried to rally on Monday, but found enough resistance above that the market fell. However, the European tour and even at work during the session, so it’s hard to read too much into this candle. We essentially look at this is an unchanged market, and look at the totality ...

AUD/USD Forecast April 22, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 22 April 2014 04:42 UTC
The AUD/USD pair went back and forth during the session on Monday, essentially settling nothing. Because of this, we really don’t have much of a trade set up in this marketplace right now, but we do recognize of the 0.9250 level is supportive. We recognize that there is a massive cluster down ther ...

AUD/NZD Reversal Chart Pattern (April 21, 2014)

Daily Forex Reports | by Kate Curtis | Monday, 21 April 2014 09:24 UTC
A double bottom chart formation can be seen on AUD/NZD’s daily time frame, indicating that a long-term uptrend might be in the cards. This could take place if the pair is able to make a strong break past the neckline of the formation around the 1.0900 major psychological resistance. Stochastic is ...

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