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Daily Forex Reports


AUDNZD Reversal Signal (Apr 24, 2015)

Daily Forex Reports | by Kate Curtis | Friday, 24 April 2015 05:19 UTC
AUDNZD formed a reversal pattern on its 4-hour chart, hinting that the long-term downtrend might soon turn. Price has already broken past the neckline around the 1.0200 major psychological resistance and seems poised for more gains. The chart formation is approximately 150 pips in height, which mean ...

USD/JPY Forecast April 23, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 23 April 2015 05:55 UTC
The USD/JPY pair initially fell during the session on Wednesday, but found enough support below to turn things back around and form a bit of a hammer. Because of this, the market looks as if it is ready to continue going higher and heading to the 120.50 level. We think that the markets are eventuall ...

USD/CAD Forecast April 23, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 23 April 2015 05:54 UTC
The USD/CAD pair fell slightly during the session on Wednesday, but we continue to consolidate overall. Because of this, the market looks as if it’s simply going to be a place of the dead money. With that, we don’t have any interest in trading this market but we will continue to watch the USD/CA ...

GBP/USD Forecast April 23, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 23 April 2015 05:53 UTC
The GBP/USD pair rallied during the session on Wednesday, breaking above the 1.50 level. With that, it appears of the market is trying to break out to the upside but we are not buyers until we get above the 1.52 level as that is the end of the significant resistance as far as we can see. We have no ...

EUR/USD Forecast April 23, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 23 April 2015 05:53 UTC
The EUR/USD pair tried to rally during the course of the session on Wednesday, but found enough resistance above the 1.08 level to turn things back around and form a shooting star. Because of this, it looks as if the EUR/USD pair will continue to be soft, and that rallies will continue to be sold of ...

AUD/USD Forecast April 23, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 23 April 2015 05:52 UTC
The AUD/USD pair initially tried to rally during the course of the day on Wednesday, but found enough resistance above to turn things back around and form a nice-looking shooting star. Because of this, we believe that the market is ready to break down again, and that it is only a matter of time befo ...

EURNZD Moving Average Resistance (Apr 23, 2015)

Daily Forex Reports | by Kate Curtis | Thursday, 23 April 2015 04:17 UTC
EURNZD has been in a steady downtrend but the pair is starting to make a correction on its 4-hour forex chart. Price has bounced off support at the 1.3900 major psychological level and might pull up to the dynamic resistance around the longer-term exponential moving average. For now, the short-term ...

Trading GBPUSD During the BOE Minutes (Apr 22, 2015)

Daily Forex Reports | by Kate Curtis | Wednesday, 22 April 2015 06:35 UTC
A double bottom reversal pattern can clearly be seen on Cable’s 4-hour forex chart, indicating that a long-term rally might take place. Price is currently testing the neckline of the pattern around the 1.5000 major psychological resistance. An upside break from this level could mean a 400-pip cli ...

USD/JPY Forecast April 22, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 22 April 2015 05:45 UTC
The USD/JPY pair rose during the course of the session on Tuesday, plowing into the 120 handle. That level offered a little bit of resistance, but ultimately it’s only a matter time before we break above there in our opinion. With this, we remain bullish of the US dollar as the world seems to favo ...

USD/CAD Forecast April 22, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 22 April 2015 05:44 UTC
The USD/CAD pair initially fell during the course of the session on Tuesday, but found enough support below to turn things back around and form a nice-looking hammer. This hammer suggests that the market could go as high as 1.25, but in that region we would anticipate seeing quite a bit of resistanc ...

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