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Daily Forex Reports


EUR/USD Forecast June 29, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Monday, 29 June 2015 09:01 UTC
The EUR/USD pair went back and forth during the course of the day on Friday, essentially settling nothing. But the one thing that we did see was that the 1.11 level continues offer support, as does the area just above it. With this, we believe that eventually the market will break out to the upside, ...

AUD/USD Forecast June 29, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Monday, 29 June 2015 09:01 UTC
The AUD/USD pair fell during the course of the day on writing, but remains well within the consolidation area that we have been stuck in for some time. With that, we don’t really have a trade at the moment, and quite frankly are on the sidelines when it comes to the Australian dollar in general. T ...

USD/JPY Forecast June 26, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 26 June 2015 07:46 UTC
The USD/JPY pair went back and forth during the course of the session on Thursday, essentially forming a rather neutral candle. The 123.50 level seems to be a bit of an epicenter of the range, but we believe ultimately this market will probably pull back a little bit from here, offering a buying opp ...

USD/CAD Forecast June 26, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 26 June 2015 07:45 UTC
The USD/CAD pair fell during the session on Thursday, as we continue to consolidate in general. Remember, the Canadian dollar is highly sensitive to the oil markets, and they are an absolute choppy mess at the moment. With that, it might take a significant move in one of the petroleum markets to mov ...

GBP/USD Forecast June 26, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 26 June 2015 07:44 UTC
The GBP/USD pair bounced off of the 1.57 level in order to form a positive candle. However, the market looks as if it is ready to go higher, and that it’s only a matter of time before we break out to the upside. If we can break above the 1.58 handle, we feel that this market will then go to the 1. ...

EUR/USD Forecast June 26, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 26 June 2015 07:44 UTC
The EUR/USD pair fell initially during the course of the session on Thursday, but found enough support below the 1.12 level to turn things back around and form a bit of a hammer. There is an uptrend line just below, and of course the 1.10 level that we have been talking about here at FX Empire as be ...

AUD/USD Forecast June 26, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 26 June 2015 07:43 UTC
The AUD/USD pair initially fell during the course of the day on Thursday, but found enough support to turn things back around and form a hammer. The hammer isn’t much to look at though, and quite frankly it is right in the middle of a consolidation zone. With that, we are quite content to stand on ...

USDJPY Range Forming (June 26, 2015)

Daily Forex Reports | by Kate Curtis | Friday, 26 June 2015 07:24 UTC
USDJPY is starting to move sideways on its 1-hour time frame, as resistance at the 124.25 level held. Price is now moving back to the bottom of the range near the 122.50 minor psychological support. Stochastic is starting to climb from the oversold area, hinting that a bounce might take place. If s ...

GBPAUD Ascending Trend Line (June 25, 2015)

Daily Forex Reports | by Kate Curtis | Thursday, 25 June 2015 08:07 UTC
GBPAUD has been forming higher lows, creating an uptrend on its 4-hour time frame. In fact, an ascending trend line can be drawn to connect the latest lows and the pair is moving closer to test the rising support area. RSI is pointing down, suggesting that there’s enough selling pressure left to ...

USD/JPY Forecast June 25, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 25 June 2015 06:42 UTC
The USD/JPY pair tried to break out during the session on Wednesday, but as you can see turned back around to form a shooting star. The shooting star of course is one of the more negative signs that you can get as far as candlesticks are concerned, and as a result we feel that this market is probabl ...

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