Sponsors

Daily Forex Reports


GBP/USD Forecast October 17, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 17 October 2014 06:09 UTC
The GBP/USD pair initially tried to fall during the course of the day on Thursday, but then surged higher to test the 1.61 level. That being the case, the markets look as if they are still fairly bearish but we may make an attempt to reach the 1.63 level. Because of this, we believe that short-term ...

EUR/USD Forecast October 17, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 17 October 2014 06:08 UTC
The EUR/USD pair initially fell back below the 1.28 level during the session on Thursday, but found enough buying pressure below to turn things back around and form a nice-looking hammer. This hammer suggests that we are going to continue to pressure this area just above that runs all the way to the ...

AUD/USD Forecast October 17, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 17 October 2014 06:06 UTC
The AUD/USD pair fell during the course of the day on Thursday, but found enough support to turn things back around and form a hammer. Because of this, we feel that this market is more or less a market that is trying to form some type of base in this area although we feel that the market is still mo ...

USD/JPY Forecast October 16, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 16 October 2014 05:46 UTC
The USD/JPY pair fell significantly during the course of the session on Wednesday, but found the 105 level to be as supportive as we had anticipated. Because of this, the market bounced roughly 100 pips, and we believe that there is now a buying opportunity for the longer-term investor who is willin ...

USD/CAD Forecast October 16, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 16 October 2014 05:45 UTC
The USD/CAD pair initially tried to rally during the course of the day on Wednesday, touching the 1.14 region but finding enough resistance to turn things back around and head towards the 1.1250 level. The market should have plenty of support down at the 1.12 handle though, so as a result we believe ...

GBP/USD Forecast October 16, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 16 October 2014 05:44 UTC
The GBP/USD pair broke higher on Wednesday, as the US dollar sold off against most currencies. However, the British pound did run into a bit of trouble at the 1.60 level, as we are closing just and that handle. We believe that there is still a significant amount of downward pressure in this market, ...

EUR/USD Forecast October 16, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 16 October 2014 05:43 UTC
The EUR/USD pair broke higher during the course of the day on Wednesday, breaking above the 1.28 level. However, we are starting to see a bit of resistance just above it, so we are simply waiting for some type of resistant candle in order to start selling again as it is with the longer-term trend. W ...

AUD/USD Forecast October 16, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 16 October 2014 05:42 UTC
The AUD/USD pair broke higher during the course of the day on Wednesday, clearing the 0.88 level but not clearing the resistance above. Because of this, we are still suspicious of the Australian dollar, and although we know that gold is on the precipice of making a break out to the upside, we are st ...

USDCAD Short-Term Pullback (Oct 16, 2014)

Daily Forex Reports | by Kate Curtis | Thursday, 16 October 2014 03:43 UTC
USDCAD has recently broken past the 1.1200 major psychological resistance and zoomed close to the 1.1400 handle in the past weeks, before showing signs of a retracement. Price is now retreating back to the 1.1200 area, which lines up with the moving averages and the Fibonacci levels. In particular, ...

USD/JPY Forecast October 15, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 15 October 2014 07:38 UTC
The USD/JPY pair initially fell during the day on Tuesday, but found enough support at the 107 level in order to form a hammer. The hammer of course suggests that we could bounce from here, and as a result a break above the top of the hammer has us thinking that it’s time to start buying the US do ...

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.