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Daily Forex Reports


USD/CAD Forecast August 27, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 27 August 2014 06:06 UTC
The USD/CAD pair fell during the course of the day on Tuesday, testing the bottom of the hammer that had formed on Monday. That being the case though, we simply look as if we are going sideways for the time being, and we believe that there is plenty of support down at the 1.09 level. With that, look ...

GBP/USD Forecast August 27, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 27 August 2014 06:05 UTC
The GBP/USD pair initially went higher during the course of the day on Tuesday, only to find the 1.66 level a bit too resistive to continue the move higher. With that, we have formed to shooting stars in a row, meaning that British pound continues to have selling pressure put upon it. If we can get ...

EUR/USD Forecast August 27, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 27 August 2014 06:04 UTC
The EUR/USD pair tried to rally initially during the day on Tuesday, but as you can see the 1.32 area has offered resistance again. With that being the case, the market seems like it’s ready to continue the move downwards, especially considering that the daily candle ended up being a short shootin ...

AUD/USD Forecast August 27, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 27 August 2014 05:58 UTC
The AUD/USD pair tried to go higher during the course of the day on Tuesday, and did gain a bit. However, you can see that we continue to hang about the 0.93 level, as the consolidation area has been rather tight. With that being the case, if we can break down below the 0.92 level, we feel that this ...

USD/JPY Forecast August 26, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 26 August 2014 10:50 UTC
The USD/JPY pair fell during the course of the day after initially gapping higher on Monday. With that being the case, the market seems like it’s trying to find support somewhere near the 104 level, which should send this market to the 105 level given enough time. Supportive candles will be the re ...

USD/CAD Forecast August 26, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 26 August 2014 10:50 UTC
The USD/CAD pair initially fell during the session on Monday, but as you can see turned back and formed a massive hammer. This hammer sits just below the 1.10 level, and if we can get above that level we feel that this market suddenly becomes a “buy-and-hold” type of situation as we should then ...

GBP/USD Forecast August 26, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 26 August 2014 10:49 UTC
The GBP/USD pair gapped lower at the open on Monday, but turn things back around in order to form a fairly bullish candle for the day. With that, it appears that the British pound is starting to find buyers, but quite frankly we think the real support is closer to the 1.65 handle, and we could see c ...

EUR/USD Forecast August 26, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 26 August 2014 10:49 UTC
The EUR/USD pair gapped lower at the open on Monday, as the bearish pressure on the Euro continues. Breaking below the 1.33 level was of course a negative sign, and we believe that this market continues to drift lower, probably targeting the 1.30 handle first. After that, we would anticipate this ma ...

AUD/USD Forecast August 26, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 26 August 2014 10:47 UTC
The AUD/USD pair tried to rally during the session on Monday, but fell back down and formed a shooting star. That being the case, the market looks like a market that is still trying to go sideways. There is a significant amount of support down at the 0.92 area, and it is not until we break down belo ...

AUDJPY Pullback Trade (August 26, 2014)

Daily Forex Reports | by Kate Curtis | Tuesday, 26 August 2014 07:29 UTC
AUDJPY recently made a strong break past the 96.00 major psychological resistance level, which has acted as a long-term ceiling for price rallies. This could be a sign that more gains are in the cards for the pair, but a correction might take place first before it heads further north. Using the Fib ...

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