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Daily Forex Reports


EUR/USD Forecast November 25, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 25 November 2014 05:20 UTC
The EUR/USD pair initially fell during the course of the day on Monday, but as you can see bounced enough to break back above the 1.24 handle. However, this is a market that is most certainly in a negative downtrend, showing that the market will more than likely continue to meander around in this ar ...

AUD/USD Forecast November 25, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 25 November 2014 05:19 UTC
The AUD/USD pair fell hard during the session on Monday, continuing the downtrend that we have seen for some time. We tested the 0.86 level, which is just above the support so on that we are looking at all the way down to the 0.85 handle. If we get below there, we feel that the market can continue t ...

USDCHF Range Setup (Nov 25, 2014)

Daily Forex Reports | by Kate Curtis | Tuesday, 25 November 2014 03:22 UTC
USDCHF has been moving sideways recently, creating a range between support at the .9575 area and resistance at .9725. The simple moving averages are criss-crossing, confirming the range-bound market behavior. Price just came off a test of resistance and may be headed for the bottom for now. However ...

The Top 5 Forex Developments 11/17/14 through 11/21/14 – Paxforex

Daily Forex Reports | by Paxforex | Monday, 24 November 2014 13:05 UTC
Here are the Top 5 Forex Developments for the trading week between 11/17/14 and 11/21/14: Number One: Japanese GDP The Japanese economy tanked into a recession in the third-quarter as Abe’s Abenomics once again after his sales tax increase on April 1st has punished the Japanese economy, its busi ...

AUDUSD Reversal Pattern (Nov 24, 2014)

Daily Forex Reports | by Kate Curtis | Monday, 24 November 2014 06:10 UTC
A short-term rally might take place for AUDUSD, as the pair formed a double bottom pattern on its 4-hour time frame. Price is still a few pips away from the neckline around the .8800 major psychological level but stochastic is indicating that there may be enough buying pressure left for a breakout. ...

USD/JPY Forecast November 21, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 21 November 2014 08:10 UTC
The USD/JPY pair initially tried to rally during the course of the day on Thursday, but turned back around to form a shooting star. The shooting star suggests to us that the market is going to pull back, and quite frankly we look at that as value in the US dollar. We believe that the 115 level below ...

USD/CAD Forecast November 21, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 21 November 2014 08:10 UTC
The USD/CAD pair initially tried to rally during the session here on Thursday, but fell back down and tested the 1.13 level. With that, it appears that the market should continue to find buyers just below, and as a result we are looking for some type of supportive candle in order to start going long ...

GBP/USD Forecast November 21, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 21 November 2014 08:09 UTC
The GBP/USD pair went back and forth during the course of the day on Thursday, testing the 1.57 level. The market showed a neutral candle, so quite frankly it’s almost impossible to imagine place a trade at the moment. However, if we see some type of resistant candle above, we would be more than w ...

EUR/USD Forecast November 21, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 21 November 2014 08:08 UTC
The EUR/USD pair went back and forth during the course of the session on Thursday, testing the 1.25 level for support. It did in fact find it, but at the end of the day we continue to go sideways. We believe that ultimately if we can break down below the 1.25 level, we would be massively bearish. A ...

AUD/USD Forecast November 21, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 21 November 2014 08:07 UTC
The AUD/USD pair initially fell during the course of the day on Thursday, testing the 0.86 handle. Because of that, we do forming a little bit of a hammer like candle and it suggests to us that we may bounce a little bit. Quite frankly that’s a selling opportunity as far as we can see, and we are ...

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