Sponsors

Daily Forex Reports


EUR/USD Forecast February 22, 2017, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 22 February 2017 08:19 UTC
The EUR/USD pair fell during the day on Tuesday, reaching towards the 1.05 level, an area that I think should cause quite a bit of support. If we can break down below there though, the market could reach towards the 1.0350 level. Any rally at this point should be a selling opportunity, and I will ...

AUD/USD Forecast February 22, 2017, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 22 February 2017 08:17 UTC
The AUD/USD pair fell on Tuesday, but found enough support near the 0.7650 level to turn things around to form a hammer. The hammer of course is a very bullish sign, and if we can break above the top of that I believe that we then go towards the 0.7750 resistance barrier again. If we can break abo ...

EURGBP Head and Shoulders (Feb 22, 2017)

Daily Forex Reports | by Kate Curtis | Wednesday, 22 February 2017 06:54 UTC
EURGBP formed a long-term reversal pattern visible on its daily time frame, signaling that price is done with its climb and that a selloff could be due. The pair is still testing the neckline support at .8400-.8450 at the moment but a break lower could send it down by 700 pips or the same height as ...

USD/JPY Forecast February 21, 2017, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 21 February 2017 09:03 UTC
The USD/JPY pair rallied a bit during the day on Friday, but the markets were quiet in general. The 112.50 level looks to be the beginning of significant support, and if we can break above the top of the Friday session, I believe that the market will then reach towards the 115 handle. Ultimately, ...

USD/CAD Forecast February 21, 2017, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 21 February 2017 09:02 UTC
The USD/CAD pair had a volatile session on Monday, as the 1.31 level offered enough resistance to keep the market fairly flat. This makes a lot of sense as US banks were closed for Presidents’ Day, so it would have basically been left to Canadians to move this pair. I think that we will eventual ...

GBP/USD Forecast February 21, 2017, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 21 February 2017 09:01 UTC
The GBP/USD pair rallied on Monday, slamming towards the 1.25 resistance barrier. If we can break above the 1.2550 level, I think that the market will continue to reach towards the 1.27 level. Pullbacks continue to find buyers, and ultimately, I believe that the British pound is changing the overa ...

EUR/USD Forecast February 21, 2017, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 21 February 2017 09:00 UTC
The EUR/USD pair rallied a bit during the day on Monday, but we remain relatively choppy in this area, so I believe that the 50-day exponential moving average could offer resistance, and push this market back towards the 1.05 level. The 1.0750 level above there should be resistance as well, so itâ ...

AUD/USD Forecast February 21, 2017, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 21 February 2017 08:59 UTC
The AUD/USD pair initially fell on Monday, but found enough bullish pressure at the 0.7650 level to show signs of continuation in the uptrend. The market should then reach towards the 0.7750 level. That area continues to be resistive, but given enough time I do believe that we will continue to bre ...

GBPUSD Descending Triangle (Feb 21, 2017)

Daily Forex Reports | by Kate Curtis | Tuesday, 21 February 2017 08:41 UTC
GBPUSD formed lower highs and found support at the 1.2400 major psychological level recently, creating a descending triangle chart pattern. Price just bounced off the resistance and is moving closer to testing support. The pair is also approaching the peak of the pattern, which means that a breakou ...

USDJPY Broken Channel Correction (Feb 20, 2017)

Daily Forex Reports | by Kate Curtis | Monday, 20 February 2017 06:22 UTC
USDJPY recently broke above its descending channel visible on the 1-hour time frame, indicating that it's done with its downtrend. Price climbed up to a high of 115.00 before pulling back and applying the Fib tool on its latest swing high and low shows that the 61.8% retracement level lines up with ...

Recommended Forex Trading Platforms

Forex Trading We know that the right opportunity can happen at anytime, anywhere. Saxo Capital Markets is committed to giving you a suite of platforms that will enable you to access your account and trade the markets whenever and wherever you want.

Sponsors

Subscribe to Newsletter

To receive alerts by email when Free Forex Analysis are updated. Enter your email address below.