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Daily Forex Reports


AUD/USD Forecast June 22, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 22 June 2016 05:51 UTC
The AUD/USD pair initially tried to rally during the course of the session on Tuesday, but struggled at the 0.75 level ended up turning things back around and form a shooting star in order to show signs of weakness. I believe that the yellow box that’s on this chart will continue to be the trading ...

EURAUD Descending Channel (June 22, 2016)

Daily Forex Reports | by Kate Curtis | Wednesday, 22 June 2016 02:26 UTC
EURAUD has been trending lower, moving inside a descending channel on its 4-hour time frame. Price is currently testing the channel support and might be due for a bounce back to the resistance at the 1.5200 major psychological level.  The 100 SMA is below the 200 SMA, which suggests that the downt ...

USD/JPY Forecast June 21, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 21 June 2016 06:27 UTC
USD/JPY initially rallied during the day on Monday, but then turned right back around to form a fairly negative candle. That of course gives us an opportunity to sell this market on short-term rallies as they appear. The market should then reach towards the 102 level, and then possibly even the 100 ...

USD/CAD Forecast June 21, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 21 June 2016 06:27 UTC
The USD/CAD pair gapped lower at the open on Monday, and drifted a little bit lower. Ultimately, this is a market that should continue to fall towards the 1.2650 level next, and then perhaps even lower. Remember that oil markets have a massive influence on the Canadian dollar, so having said that th ...

GBP/USD Forecast June 21, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 21 June 2016 06:26 UTC
The GBP/USD pair initially fell during the course of the day and then turn right back around to break out to the upside. However, there is still more than enough resistance at the 1.48 level to keep this market somewhat soft, and this was initially a “knee-jerk reaction” to the latest polling da ...

EUR/USD Forecast June 21, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 21 June 2016 06:25 UTC
The EUR/USD pair initially tried to rally during the day on Monday as we gapped at the open, but at the end of the day we did up turning right back around and filling that gap. At this point in time, you have to think that there is a slight advantage for the Euro because it’s not uncommon to fill ...

AUD/USD Forecast June 21, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 21 June 2016 06:25 UTC
The AUD/USD pair tried to rally during the course of the day on Monday, but gave back about half of the gains in order to form a bit of an exhausted looking candle. That being the case, it’s not until we break out above that Jaime during the Monday session that I’m comfortable buying this pair. ...

Long-Term Resistance on GBPUSD (June 21, 2016)

Daily Forex Reports | by Kate Curtis | Tuesday, 21 June 2016 03:33 UTC
GBPUSD gapped up over the weekend and carried on with its bullish run on Monday, bringing price up to the resistance at the 1.4700 major psychological mark. This level has held as a strong area of interest in the past and might continue to do so.  If this area keeps gains in check, price could hea ...

GBPJPY Support Turned Resistance (June 20, 2016)

Daily Forex Reports | by Kate Curtis | Monday, 20 June 2016 05:20 UTC
GBPJPY recently broke below support around the 153.50 to 154.00 levels and dipped to a low of 145.50. From there, price showed signs of a correction and applying the Fib tool on the latest swing high and low shows that the 50% level is close to this broken support zone. In addition, the 100 SMA is ...

USD/JPY Forecast June 20, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Saturday, 18 June 2016 09:12 UTC
The USD/JPY pair fell during the day on Friday, showing signs of weakness yet again. That being the case, it looks as if we are going to try to reach down towards the lows that we formed on Thursday. This pair seems to be struggling due to the fact that there is so much in the way of uncertainty whe ...

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