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Daily Forex Reports


EUR/USD Forecast July 29, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 29 July 2015 11:03 UTC
The EUR/USD pair initially fell during the day on Tuesday, but found the 1.10 level to be supportive enough to turn the market back around. By doing so, it shows that the 1.10 level continues to have a significant influence on this market, but is what we would consider to be a “minor” support le ...

AUD/USD Forecast July 29, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 29 July 2015 11:02 UTC
The AUD/USD pair broke higher during the course of the day on Tuesday, but still has plenty of noise just above, not to mention the fact that we have a ceiling at the 0.75 level at the moment. We have no interest in buying this pair, and we believe that it’s only a matter of time before resistive ...

EURAUD Uptrend Line (July 29, 2015)

Daily Forex Reports | by Kate Curtis | Wednesday, 29 July 2015 07:16 UTC
 EURAUD has been trending higher on the 4-hour time frame and price looks ready to make another test of the uptrend line connecting the recent lows. Price could draw support around the 1.5000 to 1.5100 area, which lines up with the trend line and former resistance level.   In addition, the trend ...

GBPAUD Correction Setup (July 28, 2015)

Daily Forex Reports | by Kate Curtis | Tuesday, 28 July 2015 07:12 UTC
GBPAUD has been on a strong uptrend on its longer-term time frames, but a pullback seems to be materializing on the 1-hour chart. The pair has recently found resistance at the 2.1400 major psychological mark and might retreat to the 2.1200 levels.   This potential correction area lines up with th ...

USD/JPY Forecast July 28, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 28 July 2015 06:11 UTC
The USD/JPY pair fell during the session on Monday, but did find a little bit of support near the 123 handle. There is a gap at this particular area from early June, so we feel that it would make sense if we bounce to from here. Nonetheless, we have no interest whatsoever in selling this market. We ...

USD/CAD Forecast July 28, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 28 July 2015 06:11 UTC
The USD/CAD pair initially fell during the day on Monday, testing the 1.30 level for support. It did in fact find it there, and therefore we bounce enough to form a hammer. The hammer of course suggests that there are buyers below, and as a result we would be buyers on a break above the top of the c ...

GBP/USD Forecast July 28, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 28 July 2015 06:10 UTC
The GBP/USD pair bounced back and forth during the course of the session on Monday, using the 1.55 level as support. However, we did not hang onto the gains the entire session. With this, we think that the market will continue to chop around, but we think it is more than likely going to head towards ...

EUR/USD Forecast July 28, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 28 July 2015 06:10 UTC
The EUR/USD pair rose during the course of the day on Monday, breaking well above the 1.10 handle, and testing the 1.11 level. Because of this, we feel the market will continue to go higher, probably heading towards the 1.12 level given enough time. With this, we are buyers of short-term pullbacks, ...

AUD/USD Forecast July 28, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 28 July 2015 06:09 UTC
The AUD/USD pair initially tried to rally during the course of the day on Monday, but turned back around somewhere near the 0.7350 handle. By doing so, we ended up forming a shooting star and it does look as if the Australian dollar is going to continue going lower. We have no interest whatsoever in ...

USDCAD Short-Term Pullback (July 27, 2015)

Daily Forex Reports | by Kate Curtis | Monday, 27 July 2015 06:11 UTC
USDCAD recently made a strong rally past a key resistance area around 1.3000 and is currently retreating to that level at the start of the week. Price surged to the 1.3100 mark after the breakout and could be in for new highs after this correction.   At the moment, price is finding support around ...

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