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Daily Forex Reports


AUD/USD Forecast September 19, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 19 September 2014 06:17 UTC
The AUD/USD pair fell initially during the day on Thursday, but you can see found enough support below to turn things back around and form a hammer. This hammer sits just below the 0.90 handle, and if we break above the 0.90 level at this point in time, we believe that the Aussie dollar will get a s ...

USDCAD Reversal Pattern (Sept 19, 2014)

Daily Forex Reports | by Kate Curtis | Friday, 19 September 2014 05:23 UTC
USDCAD is forming a head and shoulders pattern on its 4-hour forex time frame, indicating that a reversal from the previous uptrend might take place. For now, price is still testing the neckline of the formation near the 1.0950 minor psychological support area. Stochastic is moving up from the over ...

GBPNZD Short-term Pullback (Sept 18, 2014)

Daily Forex Reports | by Kate Curtis | Thursday, 18 September 2014 06:13 UTC
An uptrend appears to be forming on GBPNZD, as a rising trend line can be drawn to connect the recent lows on the 1-hour time frame. However, stochastic has just reached the overbought area and is heading lower after price tested the 2.0100 major psychological resistance. This could lead to a test ...

USD/JPY Forecast September 17, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 17 September 2014 06:03 UTC
The USD/JPY pair initially fell during the course of the session on Tuesday, but found enough support below to show the 107 level to be supportive. The resulting candle was a hammer, and as a result it appears that the market should continue to go higher. Nonetheless, even if we fall from here we be ...

USD/CAD Forecast September 17, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 17 September 2014 06:03 UTC
The USD/CAD pair fell hard during the course of the day on Tuesday, slicing back through the 1.10 support level in order to show real Canadian dollar strength. This would’ve been basically as a result of strengthening oil prices, and with that we are looking for supportive candles below as we thin ...

GBP/USD Forecast September 17, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 17 September 2014 06:02 UTC
The GBP/USD pair went back and forth during the course of the day on Tuesday, and ended up forming a nice hammer for the day. We are testing the resistance above, we feel that it is only a matter of time before this market goes higher. In fact, this could be one of the best trades in the near term a ...

EUR/USD Forecast September 17, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 17 September 2014 06:01 UTC
The EUR/USD pair broke higher during the course of the day on Tuesday, but found the 1.30 level to be far too resistive. That area has offered far too much in the way of pressure to keep the market going higher, and as a result we feel that the market is simply sitting in this general vicinity waiti ...

AUD/USD Forecast September 17, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 17 September 2014 06:01 UTC
The AUD/USD pair initially fell during the course of the day on Tuesday, but found the 0.90 level to be supportive enough to bounce significantly. With that, we crashed into the 0.91 handle for resistance, and look as if we are ready to continue going to the 0.92 level. Pullbacks on short-term chart ...

GBPUSD Major Market Correction (Sept 17, 2014)

Daily Forex Reports | by Kate Curtis | Wednesday, 17 September 2014 05:33 UTC
GBPUSD is taking a break from its recent selloff as the pair found support at a long-term area of interest. The daily chart shows price stalling at the 38.2% Fibonacci retracement level, which lines up with a former resistance zone. Stochastic is also confirming this potential pickup in buying pres ...

AUDUSD Potential Correction (Sept 16, 2014)

Daily Forex Reports | by Kate Curtis | Tuesday, 16 September 2014 07:49 UTC
AUDUSD has been on a strong downtrend since the start of the month but may be due for a quick correction after gapping down early this trading week. Price dipped below the .9000 major psychological level and could pull up to the .9100 mark before heading further south. MACD is reflecting a pickup i ...

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