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Daily Forex Reports


EUR/USD Forecast December 18, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 18 December 2014 08:11 UTC
The EUR/USD pair fell during the session on Wednesday, as the 1.25 level has offered resistance yet again. The fall was rather significant, so we feel that we were probably heading back to the bottom of the recent consolidation area, which should send this pair down to the 1.2250 level fairly soon. ...

AUD/USD Forecast December 18, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 18 December 2014 08:05 UTC
The AUD/USD pair rose during the course of the day on Wednesday, bouncing slightly and breaking above the 0.82 level at one point. However, we think that any rally at this point in time should be a selling opportunity for the Australian dollar, as it is a currency that is most certainly bearish of t ...

EURGBP Symmetrical Triangle (Dec 18, 2014)

Daily Forex Reports | by Kate Curtis | Thursday, 18 December 2014 04:15 UTC
EURGBP has been moving inside a symmetrical triangle chart pattern since mid-August, as price made higher lows and lower highs. This suggests indecision between buyers and sellers, with a potential breakout in either direction looming. Price has just tested the top of the triangle around the .8000 ...

USD/JPY Forecast December 17, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 17 December 2014 05:29 UTC
The USD/JPY pair fell hard during the course of the session on Tuesday, but found enough support just above the 115 level to form a little bit of a hammer. That being the case, we feel that this market can be bought on signs of support on even short-term charts. We have no interest in selling this p ...

USD/CAD Forecast December 17, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 17 December 2014 05:28 UTC
The USD/CAD pair went back and forth during the course of the session on Tuesday, but as you can see just looks like it’s settling down in this general vicinity. Even if we do fall from here, we believe that it is only going to be a buying opportunity and therefore this is a market that should con ...

GBP/USD Forecast December 17, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 17 December 2014 05:27 UTC
The GBP/USD pair as you can see initially fell during the session on Tuesday, and then broke much higher. However, the 1.58 level continues to offer resistance and therefore we are not ready to start buying yet. In fact, we are bit hesitant to buy this pair until we break above the 1.60 handle, whic ...

EUR/USD Forecast December 17, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 17 December 2014 05:27 UTC
EUR/USD pair broke higher during the course of the session on Tuesday, but ran into quite a bit of resistance just above the 1.25 handle. That being the case, we ended up forming a massive shooting star, and as a result we feel that the EUR/USD pair will continue to selloff in this general vicinity. ...

AUD/USD Forecast December 17, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 17 December 2014 05:26 UTC
The AUD/USD pair originally broke higher during the session on Tuesday, but as you can see the sellers step back in and started pushing the market down at the 0.8250 level. Ultimately, we ended up forming a shooting star which of course is a negative sign, and that has us thinking that this market i ...

GBPUSD Short-term Forex Range (Dec 17, 2014)

Daily Forex Reports | by Kate Curtis | Wednesday, 17 December 2014 04:25 UTC
GBPUSD has been stuck in a range on its 1-hour time frame, as the pair found support at the 1.5600 major psychological level and resistance at the 1.5750 minor psychological mark. Price recently bounced off the bottom of the range and is currently testing the top. Weaker than expected UK CPI wasn†...

USD/JPY Forecast December 16, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 16 December 2014 06:30 UTC
The USD/JPY pair fell during the course of the session on Monday, as we continue to meander around the 117.50 level. With that being the case, the market looks as if it could find support in this area but even if we fell from here we would more than likely find a significant amount of support near t ...

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