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Daily Forex Reports


USD/JPY Forecast February 23, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Saturday, 21 February 2015 06:05 UTC
The USD/JPY pair initially fell during the course of the session on Friday, but found enough support at the 118 level to turn things back around and form a hammer. That hammer of course suggests that the market is going to continue to grind higher and try to break out above the 120 handle. With that ...

USD/CAD Forecast February 23, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Saturday, 21 February 2015 06:04 UTC
The USD/CAD pair fell during the course of the session on Friday, but then found support below in order to break above the 1.25 handle. The resulting candle is a hammer, and that suggests that the market is going to go much higher. However, we also recognize that there is a significant amount of res ...

GBP/USD Forecast February 23, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Saturday, 21 February 2015 06:04 UTC
The GBP/USD pair fell during the bulk of the session on Friday, but bounced off of the 1.53 region in order to form a hammer. Because of this, it appears that the market is trying to reach the 1.55 handle, we anticipate seeing quite a bit of resistance in that area. With that, we are looking for neg ...

EUR/USD Forecast February 23, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Saturday, 21 February 2015 06:03 UTC
The EUR/USD pair broke back and forth during the course of the session on Friday, as we continue to find quite a bit of volatility in this general vicinity. We believe that the 1.13 level below is supportive, and that the 1.15 level above is resistive. With that, this market looks like it’s going ...

AUD/USD Forecast February 23, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Saturday, 21 February 2015 06:02 UTC
The AUD/USD pair broke higher during the course of the session on Friday, as the market continues to bounce around the 0.78 handle. Ultimately, we see a significant amount of resistance above, especially at the 0.80 handle, where we feel that the sellers are going to come back into play, and start p ...

USD/JPY Forecast February 20, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 20 February 2015 06:42 UTC
The USD/JPY pair initially rose during the session on Thursday, but found a little bit of resistance above the 190 handle. With that, we ended up forming a little bit of a shooting star, but quite frankly the market looks like it’s ready to grind away in this general vicinity. The 118 level below ...

USD/CAD Forecast February 20, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 20 February 2015 06:41 UTC
USD/CAD pair broke higher during the course of the session on Thursday, as the 1.25 level continues to be a bit of a magnet for price. That being the case, the market looks as if it’s ready to continue to go higher, if we can break above the top of the range for the session. Ultimately though, we ...

GBP/USD Forecast February 20, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 20 February 2015 06:40 UTC
The GBP/USD pair went back and forth during the course of the session on Thursday as we continue to try to get above the 1.55 handle. There are several things going on at the same time here, such as the large, round, psychologically significant number of 1.55 back in as resistance, and the 100 day E ...

EUR/USD Forecast February 20, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 20 February 2015 06:40 UTC
The EUR/USD pair did very little during the course of the day on Thursday, as we continue to hover around the 1.14 region. Ultimately, this market looks as if it is consolidating between the 1.13 level on the bottom, and the 1.15 level on the top. Because of this, we are really that interested in tr ...

AUD/USD Forecast February 20, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 20 February 2015 06:39 UTC
The AUD/USD pair went back and forth during the session on Thursday as we continue to hang about the 0.78 handle. Ultimately, we believe that this pair isn’t going to go above the 0.80 handle, so having said that we are sellers of resistive candles between here and there, as well as a seller of a ...

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