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Daily Forex Reports


EUR/USD Forecast March 2, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Saturday, 28 February 2015 06:08 UTC
EUR/USD pair tried to rally during the course of the session on Friday, but as you can see gave back all of the gains to close just below the 1.12 handle. The resulting candle is a shooting star of sorts, and it looks like we are ready to continue going lower. With that, we are sellers on a break be ...

AUD/USD Forecast March 2, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Saturday, 28 February 2015 06:07 UTC
The AUD/USD pair tried to break higher during the course of the session on Friday, but as you can see could not hang onto the gains above the 0.78 level. By doing so, it formed a shooting star, and that of course is a negative sign. Nonetheless, this is a bit of a tight market at this point in time ...

USD/JPY Forecast February 27, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 27 February 2015 07:45 UTC
The USD/JPY pair initially fell during the course of the session on Thursday, but found enough support below the 190 level to turn things back around and form a fairly positive looking candle. Ultimately, the market looks as if it’s ready to test the 120 level, but we recognize that area as being ...

USD/CAD Forecast February 27, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 27 February 2015 07:44 UTC
The USD/CAD pair initially fell during the course of the session on Thursday, but found enough support to pop back over the 1.25 handle. Because of this, we believe that the market will continue to go higher but struggle with the potential downtrend line on the potential descending triangle. With th ...

GBP/USD Forecast February 27, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 27 February 2015 07:43 UTC
The GBP/USD pair fell hard during the session on Thursday, forming a massively large red candle. With that, we feel that the market is getting ready to break down from here and that the 1.55 level has in fact offered quite a bit of resistance. With this, we feel that the market should head to the 1. ...

EUR/USD Forecast February 27, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 27 February 2015 07:42 UTC
EUR/USD pair fell hard during the session on Thursday, breaking below the 1.12 handle. Because of this it appears that the market is ready to continue going lower, probably down to the 1.11 handle. We believe that the pair will continue below there and finally aim for the 1.10 handle given enough ti ...

AUD/USD Forecast February 27, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 27 February 2015 07:41 UTC
The AUD/USD pair broke higher during the course of the session on Thursday, testing the 0.79 handle. We did up falling from there though, and forming a relatively significant bearish candle. With that, the market looks as if it has support at the 0.77 handle, so we need to break down below there in ...

GBPUSD Ascending Channel (Feb 27, 2015)

Daily Forex Reports | by Kate Curtis | Friday, 27 February 2015 04:25 UTC
GBPUSD just bounced off resistance at the rising channel on its 1-hour forex chart and is currently testing the bottom of the range. At the same time, a bullish divergence is playing out, after stochastic made lower lows while price drew higher lows. The pair could make a strong bounce off support ...

USD/JPY Forecast February 26, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 26 February 2015 06:47 UTC
The USD/JPY pair tried to break out to the upside during the session on Wednesday, but fell far enough to form a little bit of a shooting star. Ultimately though, the market looks like it’s ready to grind sideways and therefore we are on the sidelines. All things point to a higher value in this pa ...

USD/CAD Forecast February 26, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 26 February 2015 06:47 UTC
The USD/CAD pair initially fell during the course of the session on Wednesday, but found enough support at the 1.24 level to bounce and form a hammer. With that, the market looks like it’s ready to continue going higher for the short-term, but we recognize that this market could possibly be formin ...

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