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Daily Forex Reports


GBP/USD Forecast April 28, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 28 April 2016 08:13 UTC
The GBP/USD pair initially rose during the course of the session on Wednesday, but turned right back around to form a bit of an exhaustive candle. With this, it looks like we are going to test the 1.45 handle for support. This was previous resistance, and with that being the case it makes sense that ...

EUR/USD Forecast April 28, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 28 April 2016 08:12 UTC
The EUR/USD pair had a slightly positive session during the day on Wednesday, pre-FOMC Statement. Because of this, the market looks as if it has a proclivity to go higher over the longer term, so having that in mind I believe that this market will eventually rally. Nonetheless, there is going to be ...

AUD/USD Forecast April 28, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 28 April 2016 08:09 UTC
The AUD/USD pair fell during the course of the session on Wednesday, breaking below the 0.76 level at one point. This is a market that has plenty of support below though, especially at the 0.75 handle. With that being the case, the market will more than likely form some type of supportive candle tha ...

USD/JPY Forecast April 27, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 27 April 2016 06:07 UTC
The USD/JPY pair initially fell during the course of the session on Tuesday but turn right back around to form a significantly bullish candle. That being the case, the market looks as if it is going to continue to grind higher. However, I recognize that there is a lot of noise all the way to the 114 ...

USD/CAD Forecast April 27, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 27 April 2016 06:06 UTC
The USD/CAD pair fell during the day on Tuesday, as we continue to press the 1.26 level below. That’s an area that causes support, but given enough time we should break down below in order to find even more bearishness. The 1.25 level is a large, round, psychologically significant number, so it’ ...

GBP/USD Forecast April 27, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 27 April 2016 06:06 UTC
The GBP/USD pair broke above the 1.45 level significantly during the day on Tuesday, which is exactly what we have been waiting for here at FX Empire as a sign of bullish momentum in the British pound continuing. At this point in time, we are not quite ready to call a trend change yet, but it certai ...

EUR/USD Forecast April 27, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 27 April 2016 06:04 UTC
The EUR/USD pair initially tried to rally during the day on Tuesday, but pullback in order to form a relatively benign candle. That being the case, looks as if the market could drop from here but we have the FOMC Statement coming out today, and that could greatly influence where this market goes nex ...

AUD/USD Forecast April 27, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 27 April 2016 06:03 UTC
The AUD/USD pair tried to rally during the day on Tuesday, but failed to hang onto about half of the gains. This is a relatively weak looking candle, and with that being the case it looks as if the Australian dollar will perhaps soften a bit here, but ultimately is still very much in an uptrend and ...

NZDUSD Bullish Divergence (Apr 27, 2016)

Daily Forex Reports | by Kate Curtis | Wednesday, 27 April 2016 02:26 UTC
NZDUSD has been trending higher and moving inside an ascending channel on its 4-hour chart. Price is currently bouncing off the channel support around the .6800 major psychological level and might be due for a climb to the resistance at .7050-.7100.  The 100 SMA is above the 200 SMA and is current ...

USD/JPY Forecast April 26, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 26 April 2016 06:08 UTC
The USD/JPY pair initially fell during the course of the day on Monday, but turned back around to form a hammer. The hammer of course is a very bullish sign, so it looks like we will continue to go higher, perhaps trying to reach towards the 114 handle. Pullbacks at this point in time should continu ...

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