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Daily Forex Reports


AUD/USD Forecast September 29, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 29 September 2016 06:14 UTC
The AUD/USD pair initially tried to rally during the course of the session, but turned around to form a shooting star. I believe that an area below near the 0.76 level is essentially the “floor” at this point in time, but I also recognize that there is a bit of negativity in the market at the mo ...

USDCAD Reversal Pattern (Sep 29, 2016)

Daily Forex Reports | by Kate Curtis | Thursday, 29 September 2016 04:44 UTC
USDCAD failed in its recent attempts to break past the 1.3250 minor psychological resistance and is moving closer to testing support at the 1.3000 mark. This could complete the formation of a double top pattern, with a break below the neckline likely sending the pair lower by at least 250 pips.   ...

USD/JPY Forecast September 28, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 28 September 2016 07:18 UTC
The USD/JPY pair went back and forth during the course of the session on Tuesday, ultimately forming a fairly neutral candle. The neutral candle is only neutral because we are sitting on top of the 100 level which of course is so supportive. I believe that the Bank of Japan is very interested in thi ...

USD/CAD Forecast September 28, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 28 September 2016 07:17 UTC
The USD/CAD pair went back and forth during the course of the session on Tuesday, bouncing around the 1.32 level. Now that we have broken above to a fresh, new high at one point during the session, I believe it’s only a matter of time before the buyers get involved and we push much higher. A break ...

GBP/USD Forecast September 28, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 28 September 2016 07:16 UTC
The British pound initially fell during the day on Tuesday, but found enough support below to turn things around and shoot the market much higher. Ultimately, I believe that we will continue to go higher, but only for a short amount of time. I believe that the 1.31 level will be resistive enough tha ...

EUR/USD Forecast September 28, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 28 September 2016 07:15 UTC
The EUR/USD pair fell slightly during the course of the session on Tuesday, and as a result it looks as if we are ready to continue to go lower at this point in time. The real support is closer to the 1.1150 level, so I think that’s what we are going to reach towards. With this being the case, I a ...

AUD/USD Forecast September 28, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 28 September 2016 07:14 UTC
The AUD/USD pair had a slightly positive session during the day on Tuesday, breaking above the 0.77 level for the briefest of moments. I believe that the market breaking above the top of the range during the day on Tuesday could be a buying opportunity, but you can see that the market did of course ...

EURUSD Descending Triangle (Sep 28, 2016)

Daily Forex Reports | by Kate Curtis | Wednesday, 28 September 2016 04:50 UTC
EURUSD has formed lower highs and found support at the 1.1130 area, creating a descending triangle formation on its 4-hour chart. Price is currently testing the triangle resistance and might be due for a drop back towards support.   The 100 SMA is below the longer-term 200 SMA so the path of leas ...

USD/JPY Forecast September 27, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 27 September 2016 05:51 UTC
The USD/JPY pair fell slightly during the course of the day on Monday, as we continue to hover above the 100 level. I believe that the 100 level will be very influential in this market, as the Bank of Japan looks very likely to defend this general vicinity. A supportive candle could be a short-term ...

USD/CAD Forecast September 27, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 27 September 2016 05:49 UTC
The USD/CAD pair initially rallied during the course of the session on Monday, but turn right back around to form a shooting star. The shooting star testing the 1.32 level of course is a sign that we are trying to break out, but don’t have enough momentum to do so quite yet. Nonetheless, I do beli ...

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