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Daily Forex Reports


GBP/USD Forecast May 19, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 19 May 2015 06:18 UTC
The GBP/USD pair fell during the course of the day on Monday, as the 1.58 level continues to offer significant amount of resistance. Ultimately though, we feel that the 1.55 level below is massively supportive, and that any type of supportive candle in that area is more than likely going to end up b ...

EUR/USD Forecast May 19, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 19 May 2015 06:17 UTC
The EUR/USD pair fell during the session on Monday, as we pulled back from the 1.15 level. We do believe that this market eventually goes higher, but we obviously need to pull back a little bit and try to find some buyers below to increase the momentum. Momentum is what will be needed in order to br ...

AUD/USD Forecast May 19, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 19 May 2015 06:16 UTC
The AUD/USD pair fell during the day on Monday, dropping below the 0.80 level. This of course is a very negative looking candle, but there is quite a bit in the way of support just below so we need to see whether or not we get enough support to turn things back around and form something along the li ...

GBPUSD Market Correction (May 19, 2015)

Daily Forex Reports | by Kate Curtis | Tuesday, 19 May 2015 05:03 UTC
GBPUSD has been on a strong uptrend, as the pair has been trading above a rising trend line forming on its 4-hour forex chart. The pair recently rallied up to the 1.5800 major psychological resistance before showing signs of a pullback. Applying the Fibonacci retracement tool on the latest swing lo ...

EURJPY Channel Resistance (May 18, 2015)

Daily Forex Reports | by Kate Curtis | Monday, 18 May 2015 04:25 UTC
EURJPY is moving inside an ascending channel on its 1-hour chart, indicating that a short-term uptrend is taking place. However, the pair has already reached the top of the channel and may fall from the resistance near the 137.00 major psychological mark. Stochastic is indicating overbought conditi ...

USD/JPY Forecast May 18, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Saturday, 16 May 2015 13:10 UTC
The USD/JPY pair initially tried to rally during the course of the day on Friday, but found the 120 level to be a far too tough of an opponent to take out. Because of this, we feel that the market should continue to bounce around in this general vicinity, and with that we are playing the range betwe ...

USD/CAD Forecast May 18, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Saturday, 16 May 2015 13:09 UTC
The USD/CAD pair tried to break higher during the course of the day on Friday, and did manage to close above the 1.20 level. However, we ended up forming a shooting star which of course is a fairly bearish sign, as we continue to grind around the 1.20 handle again and again. Ultimately though, it do ...

GBP/USD Forecast May 18, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Saturday, 16 May 2015 13:08 UTC
The GBP/USD pair tried to rally during the course of the day on Friday, but found the 1.58 level to be a bit too resistive. However, this market does look like it’s going to be bullish overall for the longer term, and with that we are buyers on dips. On a supportive candle, we would in fact start ...

EUR/USD Forecast May 18, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Saturday, 16 May 2015 13:07 UTC
The EUR/USD pair initially fell during the day on Friday, but found enough support below to turn things back around and form a hammer. The hammer of course is a very bullish sign and it is sitting just below the 1.15 level which we think is a sign that the trend changes. Above the 1.15 level, we bec ...

AUD/USD Forecast May 18, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Saturday, 16 May 2015 13:06 UTC
The AUD/USD pair fell during the course of the day on Friday, testing the 0.80 level. Ultimately though, we ended up bouncing enough to form a nice-looking hammer and it appears of the market is going to continue to go higher. This coincides nicely with a significant move higher in the gold markets, ...

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