Sponsors

Daily Forex Reports


EURUSD Descending Channel (May 26, 2015)

Daily Forex Reports | by Kate Curtis | Thursday, 26 May 2016 04:20 UTC
EURUSD has been trending lower on its 1-hour time frame, moving inside a descending channel connecting the latest highs and lows. Price appears to be on its way to test the resistance once more after the channel support held. Applying the Fib tool on the latest swing high and low shows that the 61. ...

USD/JPY Forecast May 25, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 25 May 2016 05:38 UTC
The USD/JPY pair initially fell on Tuesday, but found enough support near the 109 level to turn things back around and reach towards the 110 level. If we can break above there, the market could very well continue to go higher. However, we need to get above the shooting star that formed on Thursday i ...

USD/CAD Forecast May 25, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 25 May 2016 05:38 UTC
The USD/CAD pair went back and forth during the course of the day on Tuesday, as we continue to see quite a bit of volatility. We have an interest rate decision coming out of the Bank of Canada today, so that will of course have a massive effect on the CAD. At this point, as long as we can stay abov ...

GBP/USD Forecast May 25, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 25 May 2016 05:37 UTC
The GBP/USD pair broke higher during the day on Tuesday as the 1.45 level has now offered quite a bit of support. In fact, we went much higher and we believe that the market will probably try to grind its way towards the 1.48 level above. Short-term pullbacks could be buying opportunities on signs o ...

EUR/USD Forecast May 25, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 25 May 2016 05:36 UTC
The EUR/USD pair initially tried to rally during the course of the session on Tuesday, but fell significantly and broke down below the 1.12 level. This signifies that the EUR/USD pair will more than likely try to reach down to the 1.10 level after that. The rallies that appear from time to time in t ...

AUD/USD Forecast May 25, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 25 May 2016 05:36 UTC
The AUD/USD pair fell initially during the course of the day on Tuesday, but found enough support to turn things back around and form a hammer. The hammer of course is a bullish sign, so we can break above the top of it it’s likely that we will continue to go higher. However, I see a massive amoun ...

USDCAD Short-Term Pullback (May 25, 2015)

Daily Forex Reports | by Kate Curtis | Wednesday, 25 May 2016 02:50 UTC
USDCAD has been trending higher on its short-term time frame, moving above a rising trend line connecting the latest lows of price action on the 1-hour chart. Price appears to be hitting a resistance at the 1.3150 minor psychological level, creating the opportunity for a pullback play. Using the Fi ...

USD/JPY Forecast May 24, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 24 May 2016 05:15 UTC
The USD/JPY pair fell during the day on Monday, as the 110 level has proven to be a bit too resistive. Because of this, it shows that we are going to struggle to get above there. However, there is quite a bit of support below at the 190 handle, so a bounce would necessarily be very surprising either ...

USD/CAD Forecast May 24, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 24 May 2016 05:14 UTC
The USD/CAD pair did very little during the course of the day on Monday, as we continue to meander around the 1.31 handle. Quite frankly, it looks a little bit exhausted, so we could very well pullback. The 1.30 level below should continue to be supportive, so a pullback to that area and a supportiv ...

GBP/USD Forecast May 24, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 24 May 2016 05:14 UTC
The GBP/USD pair went back and forth during the course of the session on Monday, testing the 1.45 level in a couple of different directions. Ultimately, we will trade in the same direction that we break out of the Monday candle in. In other words, if we can break above the top of the range we are mo ...

Recommended Forex Trading Platforms

Forex Trading We know that the right opportunity can happen at anytime, anywhere. Saxo Capital Markets is committed to giving you a suite of platforms that will enable you to access your account and trade the markets whenever and wherever you want.

Sponsors

Subscribe to Newsletter

To receive alerts by email when Free Forex Analysis are updated. Enter your email address below.