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Daily Forex Reports


AUD/USD Forecast July 27, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 27 July 2016 05:28 UTC
The AUD/USD pair rose during the course of the day on Tuesday, reaching out and above the 0.73 level. Pay attention to the gold market, because of gold rises, the Australian dollar should as well. There will be quite a bit of volatility though, that’s probably the one thing you can count on. I bel ...

USDCAD Breakout Correction (July 27, 2016)

Daily Forex Reports | by Kate Curtis | Wednesday, 27 July 2016 02:16 UTC
USDCAD recently made an upside breakout from its symmetrical triangle pattern, signaling that buyers have taken control of price action. However, the rally was cut short at the 1.3200 area and a correction seems to be taking place. Applying the Fib tool on the latest swing high and low on the 4-hou ...

USD/JPY Forecast July 26, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 26 July 2016 05:39 UTC
The USD/JPY pair initially rallied during the course of the session on Monday, but turned right back around to form a shooting star. The shooting star of course is a negative sign, and we could drop down to the 105 level as a result. There should be quite a bit of support there though, so a supporti ...

USD/CAD Forecast July 26, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 26 July 2016 05:38 UTC
The USD/CAD pair broke higher during the course of the session here on Monday, slicing through the 1.32 level. Now that we broke above there, and the fact that the oil markets are looking soft, I believe that this market continues to go much higher. Probably reaching towards the 1.34 level, and then ...

GBP/USD Forecast July 26, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 26 July 2016 05:38 UTC
The GBP/USD pair did very little during the day on Monday, as we continue to see support at the 1.30 level. Alternately, if we rally at this point in time, I think that the sellers will reenter the market at higher levels, as the 1.35 level above is massively resistive. If we can break down from her ...

EUR/USD Forecast July 26, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 26 July 2016 05:37 UTC
The EUR/USD pair initially fell during the day on Monday, but turned around to slam into the 1.10 level again. This is an area that had been rather supportive recently, so it should now in theory be resistive. Am waiting to see whether or not we get an exhaustive candle that we can start selling as ...

AUD/USD Forecast July 26, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 26 July 2016 05:36 UTC
The AUD/USD pair initially tried to rally during the day on Monday, but turned back around to form a bit of a shooting star. I think that if we can break above the 0.75 level, that would be a significant enough move to the upside to push this market higher. I believe that this market breaking down f ...

USDCAD Triangle Breakout (July 26, 2016)

Daily Forex Reports | by Kate Curtis | Tuesday, 26 July 2016 02:48 UTC
USDCAD formed lower highs and higher lows in the past few weeks since late May, creating a symmetrical triangle pattern on its 4-hour time frame. Price has broken above the triangle resistance, indicating that buyers are gaining the upper hand in price action.   The chart pattern is approximately ...

USD/CAD Forecast July 25, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Monday, 25 July 2016 06:16 UTC
The USD/CAD pair broke higher during the course of the session on Friday, as we have shown quite a bit of bullish pressure and not only the US dollar, but also we have seen quite a bit of weakness in the crude oil market. This is a “double whammy” when it comes to this marketplace, and as a resu ...

USD/JPY Forecast July 25, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Monday, 25 July 2016 06:14 UTC
The USD/JPY pair initially tried to rally during the course of the session on Friday, but stalled in the middle of the day. At this point in time, looks as if the 105 level will be tested for support, and if we can get a supportive candle or a bounce from there would be a nice buying opportunity. If ...

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