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Daily Forex Reports


EUR/USD Forecast November 20, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 20 November 2014 05:59 UTC
The EUR/USD pair tried to rally during the course of the day on Wednesday, but as you can see ran into trouble at the 1.26 level yet again and fell to form a shooting star. Because of this, we believe that a move below the 1.25 level is in fact a selling opportunity in a market that most certainly i ...

AUD/USD Forecast November 20, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 20 November 2014 05:58 UTC
The AUD/USD pair fell during the course of the session on Wednesday, as we continue to see weakness in the Australian dollar in general. After all, the market heads down to the 0.85 handle, and then ultimately below there given enough time. We have no interest in buying this pair, and believe that r ...

USD/JPY Forecast November 19, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 19 November 2014 05:47 UTC
The USD/JPY pair went slightly higher during the course of the day on Tuesday, as we continue to grind higher. We believe that this market eventually goes to the 120 level, and every time we pullback it should be another buying opportunity as there are plenty of supportive areas below. We believe th ...

USD/CAD Forecast November 19, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 19 November 2014 05:46 UTC
The USD/CAD pair tried to break up above the 1.13 level during the session on Tuesday, but as you can see struggled to do so. With that being the case, the market looks as if it is going to eventually bounce around between here and the 1.12 level. We think that there are plenty buyers below though, ...

GBP/USD Forecast November 19, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 19 November 2014 05:44 UTC
The GBP/USD pair initially tried to rally during the session on Tuesday, but struggled in order to hang onto any type of gains, so therefore we ended up falling. The market is a little bit slow at this point though, but ultimately we believe that rallies will continue to offer selling opportunities. ...

EUR/USD Forecast November 19, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 19 November 2014 05:43 UTC
The EUR/USD pair broke higher during the course of the day on Tuesday, clearing the 1.25 level yet again. This market continues to slice back and forth, so therefore we feel that this market will eventually turned back around and had much lower. We are looking for resistive candles in order to start ...

AUD/USD Forecast November 19, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 19 November 2014 04:54 UTC
The AUD/USD pair went back and forth during the session on Tuesday, struggling to gain any significant momentum to the upside. There is a significant amount of resistance just above at the 0.88 handle, an area that has been like a magnet for price for some time. We believe that breaking down in this ...

AUDUSD Head and Shoulders (Nov 19, 2014)

Daily Forex Reports | by Kate Curtis | Wednesday, 19 November 2014 04:43 UTC
AUDUSD has recently been on a short-term climb, but it looks like the rally could be reversed now that a head and shoulders pattern formed on its 1-hour forex time frame. Price is a few pips away from testing the neckline below the .8700 handle and may be due for a breakdown soon. If that happens, ...

USD/JPY Forecast November 18, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 18 November 2014 06:27 UTC
The USD/JPY pair initially fell during the session on Monday, but as you can see found enough support below in order to go a bit higher. The 115 level below continues to be massively supportive, and we believe that ultimately this market will probably grind its way to the 120 handle. Pullbacks will ...

USD/CAD Forecast November 18, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 18 November 2014 06:27 UTC
The USD/CAD pair tried to break out to the upside during the session on Monday, but the 1.13 level of course offered quite a bit of resistance. As I’ve that surprising though, because we have been banging around sideways for some time. If we can break the top of the shooting star, we feel that thi ...

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