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Daily Forex Reports


AUD/USD Forecast January 20, 2017, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 20 January 2017 06:14 UTC
The Australian dollar rallied on Thursday, showing that the 0.75 level as support. As we continue to grind back and forth just above the 0.75 level again as we see so much in the way of volatility and decision-making. I believe that we’re trying to build up enough momentum to go higher, but if w ...

GBPJPY Downtrend Retracement (Jan 19, 2017)

Daily Forex Reports | by Kate Curtis | Thursday, 19 January 2017 06:28 UTC
GBPJPY has been trending lower since breaking below the head and shoulders neckline recently. Price has reached a low of 136.40 before pulling up and showing signs of a correction. Applying the Fib tool on the latest swing high and low shows that the 50% level coincides with the descending trend lin ...

USD/JPY Forecast January 19, 2017, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 19 January 2017 06:11 UTC
The US dollar bounced a bit against the Japanese yen, but gave back some of the gains towards the end of the session. Given enough time, I think we get a supportive daily candle, but I don’t think this is going to be at. The 111.50 level underneath should be a massive support level, and because ...

USD/CAD Forecast January 19, 2017, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 19 January 2017 06:10 UTC
The USD/CAD pair rallied on Wednesday, as the 1.30 level should continue to be supportive. If we bounce from here, I think it’s only a matter of time before the sellers get involved again. Alternately though, if we can break above the previous uptrend line, I feel that the market will go higher. ...

GBP/USD Forecast January 19, 2017, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 19 January 2017 06:09 UTC
The British pound fell on Wednesday, but found enough support near the 1.2250 level to form a slightly supportive looking candle. The 1.25 level above is massively resistive, so I think somewhere near that area the sellers could get involved, but if we see an exhaustive candle in that area, I feel ...

EUR/USD Forecast January 19, 2017, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 19 January 2017 06:08 UTC
The EUR/USD pair initially fell during the day on Wednesday, testing the 50-day exponential moving average. By doing so, looks as if we are going to try to reach towards 1.0750 level above, which I think is significant resistance. Alternately, if we can break down below the moving average, I think ...

AUD/USD Forecast January 19, 2017, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 19 January 2017 06:06 UTC
The Australian dollar fell initially on Wednesday, but found enough support to turn around and formed a hammer. If we can break above the top of the hammer, I believe that the market will continue to go higher. The attention to gold, it looks as if it is trying to break out, and that of course wil ...

USD/JPY Forecast January 18, 2017, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 18 January 2017 07:54 UTC
The USD/JPY pair broke down during the session on Tuesday, slicing through the bottom of the hammer on Monday. This of course suggests that we are going to go much lower, and I believe there is a massive amount of support at the 111.50 level. Because of this, this is a market that could offer valu ...

USD/CAD Forecast January 18, 2017, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 18 January 2017 07:53 UTC
The US dollar fell significantly during the session on Tuesday, testing the 1.30 level. It now looks as if the market is going to try to break down and we could go below the 1.30 handle, the market should continue to go much lower. It is not until we break above the top of the candle during the se ...

GBP/USD Forecast January 18, 2017, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 18 January 2017 07:52 UTC
The British pound skyrocketed after Teresa may suggested that the UK would be working very closely with the EU after the exit. I’m not sure why traders thought any different, but it’s obvious that the buyers have returned. I think there is a significant amount of resistance at the 1.25 handle ...

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