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Daily Forex Reports


EUR/USD Forecast October 23, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 23 October 2014 07:15 UTC
The EUR/USD pair broke lower during the course of the day on Wednesday, sending this market looking for the 1.2650 handle. It appears that we are ready to go lower, and at this point time we feel that any rally should be treated with suspicion and probably sold. With that, we feel that the market go ...

AUD/USD Forecast October 23, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 23 October 2014 07:14 UTC
The AUD/USD pair tried to break out above the 0.88 level yet again, but on Wednesday found the sellers more than willing and up to the task of keeping the markets down. With that, it appears of the market should continue to grind lower, although we would emphasize the word grind. Because of this, yo ...

NZDUSD Rising Channel Support (Oct 23, 2014)

Daily Forex Reports | by Kate Curtis | Thursday, 23 October 2014 03:43 UTC
NZDUSD is currently testing the bottom of the ascending trend channel on its 1-hour time frame, still deciding whether to go for a bounce or a break. Stochastic is indicating oversold conditions with a bullish divergence, suggesting that a bounce might take place. MACD is also in the oversold area a ...

AUDCAD Reversal Pattern (Oct 22, 2014)

Daily Forex Reports | by Kate Curtis | Wednesday, 22 October 2014 06:14 UTC
A short-term selloff might be in the cards for AUDCAD, as the pair created a double top pattern on its 1-hour time frame. Price has found resistance at the .9950 mark and is finding support at the neckline around .9850. A break below this support zone could confirm the potential downtrend, which mi ...

USD/CAD Forecast October 22, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 22 October 2014 05:05 UTC
USD/CAD fell during the course of the session on Tuesday, testing the 1.12 level. This is an area that is an area we anticipated to see a significant amount of support at, and we most certainly did see that. We bounce slightly, but we believe that there is a significant amount of support all the way ...

USD/JPY Forecast October 22, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 22 October 2014 05:04 UTC
The USD/JPY pair initially fell during the session on Tuesday, but found enough support below to turn things back around and form a little bit of a hammer. Because of that, we feel that this market will go higher and on a move above the 107 level should test the 107.50 level, and then possibly the 1 ...

GBP/USD Forecast October 22, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 22 October 2014 05:02 UTC
The GBP/USD pair fell slightly during the session on Tuesday, showing that we are in fact going to have to fight our way higher. The weekly candle was a hammer, and although we have not broken the top of that, it does appear that the market will try to find buyers in the 1.61 handle, thereby sitting ...

EUR/USD Forecast October 22, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 22 October 2014 05:01 UTC
The EUR/USD pair fell during the course of the day on Tuesday, showing the 1.28 level to be resistive yet again. The 1.28 level is the beginning of significant resistance, extending all the way to the 1.30 level as far as we can see. Because of that, we continue to sell the EUR/USD pair every time i ...

AUD/USD Forecast October 22, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 22 October 2014 05:00 UTC
The AUD/USD pair fell during the course of the day on Tuesday, showing the 0.88 level as being resistive. Because of this, we recognize that the sellers may step back in, and if we break down below the bottom of the candle for the session on Tuesday, we believe that the market then heads to the 0.86 ...

How weak is the Chinese economy? – Paxforex

Daily Forex Reports | by Paxforex | Tuesday, 21 October 2014 10:50 UTC
Forex traders received plenty of data out of China today which continue to point towards a slowing Chinese economy.  China, now the world’s biggest economy, is responsible for the majority of Asian as well as global economic activity.  Commodity exporters such as Australia, Canada and New Zealan ...

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