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Daily Forex Reports


EUR/USD Forecast September 28, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 28 September 2016 07:15 UTC
The EUR/USD pair fell slightly during the course of the session on Tuesday, and as a result it looks as if we are ready to continue to go lower at this point in time. The real support is closer to the 1.1150 level, so I think that’s what we are going to reach towards. With this being the case, I a ...

AUD/USD Forecast September 28, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 28 September 2016 07:14 UTC
The AUD/USD pair had a slightly positive session during the day on Tuesday, breaking above the 0.77 level for the briefest of moments. I believe that the market breaking above the top of the range during the day on Tuesday could be a buying opportunity, but you can see that the market did of course ...

EURUSD Descending Triangle (Sep 28, 2016)

Daily Forex Reports | by Kate Curtis | Wednesday, 28 September 2016 04:50 UTC
EURUSD has formed lower highs and found support at the 1.1130 area, creating a descending triangle formation on its 4-hour chart. Price is currently testing the triangle resistance and might be due for a drop back towards support.   The 100 SMA is below the longer-term 200 SMA so the path of leas ...

USD/JPY Forecast September 27, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 27 September 2016 05:51 UTC
The USD/JPY pair fell slightly during the course of the day on Monday, as we continue to hover above the 100 level. I believe that the 100 level will be very influential in this market, as the Bank of Japan looks very likely to defend this general vicinity. A supportive candle could be a short-term ...

USD/CAD Forecast September 27, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 27 September 2016 05:49 UTC
The USD/CAD pair initially rallied during the course of the session on Monday, but turn right back around to form a shooting star. The shooting star testing the 1.32 level of course is a sign that we are trying to break out, but don’t have enough momentum to do so quite yet. Nonetheless, I do beli ...

GBP/USD Forecast September 27, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 27 September 2016 05:48 UTC
The GBP/USD pair initially fell during the course of the session on Monday, but turn right back around to form a bit of a hammer. The hammer of course is very bullish, and as a result it looks as if we could bounce from here in the short-term. There is the high likelihood that the sellers will retur ...

EUR/USD Forecast September 27, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 27 September 2016 05:47 UTC
The EUR/USD pair initially fell during the course of the session on Monday, but turn right back around to reach higher. Because of this, it looks as if the market is trying to go higher but I think there is a lot of noise above that could cause quite a bit of trouble. Exhaustive candles are more tha ...

AUD/USD Forecast September 27, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 27 September 2016 05:46 UTC
The AUD/USD pair initially fell during the course of the session on Monday, but then turned around to form a very positive candle. Ultimately, this is a market that has a lot of noise above though, so I think probably the best way to handle this is to buy this market on short-term pullbacks are very ...

NZDUSD Channel Break Correction (Sep 27, 2016)

Daily Forex Reports | by Kate Curtis | Tuesday, 27 September 2016 04:47 UTC
NZDUSD was previously trading inside an ascending channel formation before making a downside break and hitting a low of .7220. From there, price showed signs of a pullback and looks ready to make a retest of the broken channel support at the .7300 major psychological level.   Applying the Fib too ...

AUDUSD Descending Channel (Sep 26, 2016)

Daily Forex Reports | by Kate Curtis | Monday, 26 September 2016 05:29 UTC
AUDUSD is starting to trend lower, forming a descending channel pattern on its 4-hour time frame. Price is currently testing the resistance near the .7650 minor psychological level and could be due to resume its drop to the channel support at .7450. Stochastic is turning lower and making its way ou ...

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