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Daily Forex Reports


GBP/USD Forecast March 24, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 24 March 2015 09:59 UTC
The GBP/USD pair initially fell during the course of the session on Monday, but found enough support at the 1.48 level to turn things back around and form a hammer. Because of this, looks like the British pound will test the 1.50 level, but we recognize there could be a bit of resistance in that are ...

EUR/USD Forecast March 24, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 24 March 2015 09:58 UTC
The EUR/USD pair initially fell during the session on Monday, but then shot higher later in the day in order to challenge the 1.0950 region. We still see the 1.10 level as resistance, as the market has seen that level as resistance and support in the past. Because of this, we are looking for some ty ...

AUD/USD Forecast March 24, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 24 March 2015 09:57 UTC
The AUD/USD pair initially fell during the session on Monday, but turned back around and shot much higher. However, there is still much in the way of resistance, extending all the way to at least the 0.80 handle. Because of this, we are not willing to buy this market, and quite frankly are waiting t ...

NZDUSD Reversal Confirmation (Mar 24, 2015)

Daily Forex Reports | by Kate Curtis | Tuesday, 24 March 2015 03:22 UTC
NZDUSD has recently formed a double bottom pattern on its 4-hour time frame and seems to be confirming the potential reversal, as price has already broken above the neckline of the chart pattern at the .7600 major psychological resistance. At the same time, the shorter-term exponential moving averag ...

GBPUSD Double Bottom Pattern (Mar 23, 2015)

Daily Forex Reports | by Kate Curtis | Monday, 23 March 2015 03:15 UTC
GBPUSD could be in for a reversal, as a double bottom pattern formed on its 1-hour forex chart. This could be a sign that the recent downtrend is already over as soon as price breaks past the neckline of the formation around the 1.5000 major psychological resistance. Stochastic seems to be indicati ...

USD/JPY Forecast March 23, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Saturday, 21 March 2015 05:40 UTC
The USD/JPY pairĀ  initially tried to rally during the course of the session on Friday, but turned back around to fall the way down to the hundred and 20 level. That being the case, the market looks as if it is going to try to find support in this general vicinity, so having said that we are more th ...

USD/CAD Forecast March 23, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Saturday, 21 March 2015 05:39 UTC
The USD/CAD pair initially rallied during the course of the session on Friday, but turned back around to race back down towards the 1.25 handle. However, this is an area that features quite a bit of support, and extends all the way down to the 1.24 handle. We like buying supportive candles, but do n ...

GBP/USD Forecast March 23, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Saturday, 21 March 2015 05:38 UTC
The GBP/USD pair broke higher during the course of the session on Friday, but remains below the 1.50 level. We think that there is enough resistance above that the market will more than likely continue to struggle above, and offer more selling opportunities. Without though, we recognize that there i ...

EUR/USD Forecast March 23, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Saturday, 21 March 2015 05:38 UTC
The EUR/USD pair broke higher during the course of the session on Friday, closing above the 1.08 level. It looks like we are heading back to the 1.10 level given enough time, but we also recognize that this is a market that is essentially stuck in a consolidative area. We are more than willing to se ...

AUD/USD Forecast March 23, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Saturday, 21 March 2015 05:37 UTC
The AUD/USD pair broke higher during the session on Friday, as the market continues to bounce in the general vicinity that we are in at the moment. With that, we still look to sell rallies as they show up, as we believe that the downtrend will continue to go much lower. Ultimately, we believe that t ...

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