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Daily Forex Reports


USD/JPY Forecast February 20, 2017, Technical Analysis

Daily Forex Reports | by FX Empire | Sunday, 19 February 2017 01:47 UTC
The USD/JPY pair fell during the day on Friday, testing the 112.50 level for support. However, I think there’s enough support just below that eventually this market will bounce and reach towards the 115 handle. I think given enough time we can continue to go higher, but we may need to build up e ...

USD/CAD Forecast February 20, 2017, Technical Analysis

Daily Forex Reports | by FX Empire | Sunday, 19 February 2017 01:46 UTC
The USD/CAD pair broke above the top of the hammer from the Thursday session during Friday, attempting to break out to the upside. If we can break above the top of the range for the Friday session, I think that the market will then reach towards the 1.32 level. On the other hand, we could pull bac ...

GBP/USD Forecast February 20, 2017, Technical Analysis

Daily Forex Reports | by FX Empire | Sunday, 19 February 2017 01:45 UTC
The GBP/USD pair fell during the day on Friday, but found enough support at the 1.24 level to turn things around and show signs of life. The 1.24 level should be supportive, and as a result this looks very much like I thought it would. I think buyers are coming back into the marketplace, and they ...

EUR/USD Forecast February 20, 2017, Technical Analysis

Daily Forex Reports | by FX Empire | Sunday, 19 February 2017 01:44 UTC
The EUR/USD pair fell during the Friday session, as the 50-day exponential moving average offered dynamic resistance. However, the weekly candle is a hammer, which is bullish. Because of this, I think the thing that we are going to see in this market more than anything else is going to be volatili ...

AUD/USD Forecast February 20, 2017, Technical Analysis

Daily Forex Reports | by FX Empire | Sunday, 19 February 2017 01:43 UTC
The AUD/USD pair initially tried to rally on Friday, but then dropped down to the 0.7650 region. I think their significant support at the 0.76 handle underneath, so I’m waiting to see whether or not the market can bounce. Markets of course will be paying attention to gold, as it has such an infl ...

USD/JPY Forecast February 17, 2017, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 17 February 2017 08:13 UTC
The USD/JPY pair fell a bit during the day on Thursday, clearing the bottom of the shooting star from Wednesday. This of course is a negative sign but I think there’s plenty of support just below and it’s only a matter of time before we bounce to go higher. If we can break above the top of the ...

USD/CAD Forecast February 17, 2017, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 17 February 2017 08:12 UTC
The USD/CAD pair fell a bit during the day on Thursday, testing the 1.30 level. That is an area that has offered quite a bit of support in the past, and it looks as if it is doing the same now. There’s a significant amount of resistance of the 1.31 level above, so I think we’re going to contin ...

GBP/USD Forecast February 17, 2017, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 17 February 2017 08:11 UTC
The British pound rallied during the day on Thursday, showing signs of strength again. However, the 1.25 level seems to be a bit of a fulcrum for action, so unsurprisingly we stalled a bit there. I think that eventually the buyers win this argument but it is going to be very choppy. If we can brea ...

EUR/USD Forecast February 17, 2017, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 17 February 2017 08:10 UTC
The EUR/USD pair rallied during the day on Thursday, breaking above the top of the hammer from the previous session, this of course is a very bullish sign. However, the 50-day exponential moving averages just above and I expect that eventually we will see some selling pressure. At the first signs ...

AUD/USD Forecast February 17, 2017, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 17 February 2017 08:09 UTC
AUD/USD had an interesting session during the Thursday trading hours, as we reached towards the 0.7750 level. We turned around to form and exhaustive candle, and as a result I think we will more than likely try to pull back and find buyers underneath. The 0.76 level underneath is supportive, so I ...

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