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Daily Forex Reports


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 ...

USD/JPY Forecast October 21, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 21 October 2014 05:16 UTC
The USD/JPY pair initially gapped higher at the open on Monday, but turned back around to fill the gap and test the 107 level for support. If we can break above the top of the range for the day though, we are buyers as the market should then head to the 110 level. If we can get above there, the mark ...

USD/CAD Forecast October 21, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 21 October 2014 05:16 UTC
The USD/CAD pair initially fell during the course of the day, but ultimately break out to the upside. It looks as if we still see plenty of support below, and extending all the way to the 1.12 level. Because of that, the market should then go to the 1.14 level, and perhaps even higher as we have bee ...

GBP/USD Forecast October 21, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 21 October 2014 05:15 UTC
The GBP/USD pair broke higher during the course of the day on Monday, heading higher and aiming for the 1.62 handle. The 1.63 handle above is where we expect a lot of resistance to come into play, and as a result we would be willing to sell any resistive candle that shows up in this general vicinity ...

EUR/USD Forecast October 21, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 21 October 2014 05:14 UTC
The EUR/USD pair initially fell during the session on Monday, but pushed higher and when above the 1.28 level during the day. Ultimately though, it appears that the market is ready to test the resistance barrier above, which we see is going all the way up to the 1.30 handle. With that, it’s likely ...

AUD/USD Forecast October 21, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 21 October 2014 05:14 UTC
The AUD/USD pair did almost nothing during the session on Monday, testing the 0.88 level above for resistance. The market looks very stagnant at this point in time, and the fact that we can’t really make any move in one direction or the other tells us that it’s probably best left alone as the Au ...

EURJPY Retracement Setup (Oct 21, 2014)

Daily Forex Reports | by Kate Curtis | Tuesday, 21 October 2014 02:55 UTC
EURJPY has pulled up from its continuous dive in the past month and appears to be making a quick correction. For now, it is stalling at the 38.2% Fibonacci level, which is aligned with a former support zone and the 136.50 minor psychological resistance. Stochastic is indicating overbought condition ...

Short-Term Uptrend on EURUSD (Oct 20, 2014)

Daily Forex Reports | by Kate Curtis | Monday, 20 October 2014 06:03 UTC
EURUSD is moving in a short-term uptrend since the ascending trend channel on its 1-hour time frame is still holding. Price is making its way to the channel support near the 1.2750 minor psychological level, which might continue to hold as a floor. Stochastic is moving out of the oversold area, wit ...

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