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Daily Forex Reports


GBP/USD Forecast December 17, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 17 December 2014 05:27 UTC
The GBP/USD pair as you can see initially fell during the session on Tuesday, and then broke much higher. However, the 1.58 level continues to offer resistance and therefore we are not ready to start buying yet. In fact, we are bit hesitant to buy this pair until we break above the 1.60 handle, whic ...

EUR/USD Forecast December 17, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 17 December 2014 05:27 UTC
EUR/USD pair broke higher during the course of the session on Tuesday, but ran into quite a bit of resistance just above the 1.25 handle. That being the case, we ended up forming a massive shooting star, and as a result we feel that the EUR/USD pair will continue to selloff in this general vicinity. ...

AUD/USD Forecast December 17, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 17 December 2014 05:26 UTC
The AUD/USD pair originally broke higher during the session on Tuesday, but as you can see the sellers step back in and started pushing the market down at the 0.8250 level. Ultimately, we ended up forming a shooting star which of course is a negative sign, and that has us thinking that this market i ...

GBPUSD Short-term Forex Range (Dec 17, 2014)

Daily Forex Reports | by Kate Curtis | Wednesday, 17 December 2014 04:25 UTC
GBPUSD has been stuck in a range on its 1-hour time frame, as the pair found support at the 1.5600 major psychological level and resistance at the 1.5750 minor psychological mark. Price recently bounced off the bottom of the range and is currently testing the top. Weaker than expected UK CPI wasn†...

USD/JPY Forecast December 16, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 16 December 2014 06:30 UTC
The USD/JPY pair fell during the course of the session on Monday, as we continue to meander around the 117.50 level. With that being the case, the market looks as if it could find support in this area but even if we fell from here we would more than likely find a significant amount of support near t ...

USD/CAD Forecast December 16, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 16 December 2014 06:29 UTC
The USD/CAD pair broke out to the upside during the session on Monday, as the 1.16 level has been shot straight through. The candle of course is a very positive looking, and a large one on top of that. If we pullback from here, we would anticipate seeing all kinds of support, and that’s especially ...

GBP/USD Forecast December 16, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 16 December 2014 06:28 UTC
The GBP/USD pair fell hard during the session on Monday, but remains within the consolidation area that we have been in for some time. That being the case, the market looks as if it is ready to simply bounce around in this general vicinity, but if we get below the 1.55 level, we would be massive sel ...

EUR/USD Forecast December 16, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 16 December 2014 06:27 UTC
The EUR/USD pair went back and forth during the course of the session on Monday, but ended up forming a relatively benign and neutral candle. Because of this, it feels as if the market should continue to struggle just below the 1.25 handle, and as a result we are not interested in buying. We believe ...

AUD/USD Forecast December 16, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 16 December 2014 06:26 UTC
The AUD/USD pair went back and forth during the course of the session on Monday, and as a result it looks as if it is ready to simply go sideways. Ultimately though, if we can close below the 0.82 level, we feel that the Australian dollar then goes down to the 0.8080 given enough time. Ultimately, a ...

EURUSD Symmetrical Triangle (Dec 16, 2014)

Daily Forex Reports | by Kate Curtis | Tuesday, 16 December 2014 04:18 UTC
EURUSD is consolidating inside a symmetrical triangle pattern ahead of the top-tier events from both the euro zone and the US this week. For today, German and French manufacturing and services PMIs are lined up and these might provide volatility for the pair. Price is on its way to test the top of ...

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