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Daily Forex Reports


AUD/USD Forecast September 30, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 30 September 2014 05:28 UTC
The AUD/USD pair rose during the course of the day on Monday, as we bounced a bit off of the 0.87 handle. However, the 0.88 level above should be resistive, so we look at this is a potential selling opportunity. In fact, we have no interest whatsoever in buying this market until we get above the 0.9 ...

USDJPY Short-Term Pullback (Sept 30, 2014)

Daily Forex Reports | by Kate Curtis | Tuesday, 30 September 2014 05:07 UTC
USDJPY seems to be having trouble sustaining its gains past the 109.50 minor psychological level, opening the case up for a quick retracement. Price appears to have pulled back to the 38.2% Fibonacci retracement level on the 1-hour forex time frame. A deeper correction could last until the 61.8% Fi ...

EURJPY Corrective Wave (Sept 29, 2014)

Daily Forex Reports | by Kate Curtis | Monday, 29 September 2014 06:18 UTC
EURJPY appears to be retracing from its recent rally earlier in the month, as price has found resistance near the 141.00 major psychological level and pulled back to the 139.00 area. A deeper pullback could last until the 61.8% Fibonacci retracement level, which is close to the 138.00 major psycholo ...

Is the rally in the US Dollar justified? – Paxforex

Daily Forex Reports | by Paxforex | Sunday, 28 September 2014 16:37 UTC
The US Dollar has rallied to multi-year highs as forex traders grow more confident that the US Federal Reserve will raise interest rates sooner than previously expected. Expectations now call for an increase in interest rates by September 2015 or three months earlier, but does this warrant the sharp ...

USD/JPY Forecast September 29, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Saturday, 27 September 2014 08:32 UTC
The USD/JPY pair went higher during the course of the day on Friday, testing the 109.50 level. Because of this, we feel that the market will eventually break out above the 110 level, but it’s going to have to build up a bit of momentum in order to do so. Pullbacks at this point time continue to be ...

USD/CAD Forecast September 29, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Saturday, 27 September 2014 08:31 UTC
The USD/CAD pair initially fell during the day on Friday, but found buyers below at the 1.11 handle, and then shot higher. That being the case, it appears of this market is heading to the 1.12 level next, and then possibly above there given enough momentum. The oil markets certainly have done nothin ...

GBP/USD Forecast September 29, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Saturday, 27 September 2014 08:30 UTC
The GBP/USD pair initially tried to rally during the session on Friday, but the weight of the downtrend continues to keep the buyers a bit calm. However, we feel that the 1.6250 level should continue to be supportive enough to continue to have this market eventually break out to the upside. After al ...

EUR/USD Forecast September 29, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Saturday, 27 September 2014 08:29 UTC
The EUR/USD pair fell during the course of the day on Friday, breaking the bottom of the hammer from the Thursday session. This of course is a very negative sign and therefore we feel that the market should continue to go much lower. From what we see, the 1.25 level is probably the next target, bind ...

AUD/USD Forecast September 29, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Saturday, 27 September 2014 08:28 UTC
The AUD/USD pair initially tried to rally during the course of the day on Friday, but found the 0.88 level as resistance. Because of that, we ended up forming a shooting star which of course is a negative sign, which could send this market much lower. We do however think that the shape of the shooti ...

USD/JPY Forecast September 26, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 26 September 2014 06:54 UTC
The USD/JPY pair went back and forth during the course of the day on Thursday, using the 108.50 level as support. That being the case, it looks like the market is simply going to try to build up enough pressure in this area to continue going higher. The sideways action of course is consolidation, an ...

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