Sponsors

Daily Forex Reports


GBP/USD Forecast November 18, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 18 November 2014 06:26 UTC
The GBP/USD pair fell during the course of the day on Monday, continuing the downward pressure that we have seen for several sessions. We believe that a break down below the bottom of the hammer from the Friday session is signal enough to start selling, just as a bounce from here and a resistive mov ...

EUR/USD Forecast November 18, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 18 November 2014 06:25 UTC
The EUR/USD pair tried to break out to the upside, but fell rather hard and closed well below the 1.25 level. The 1.26 level of course was resistive, and as a result we continue to see the sellers step into this marketplace every time it rallies. We believe that the market is eventually going down t ...

AUD/USD Forecast November 18, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 18 November 2014 06:25 UTC
The AUD/USD pair fell during the session on Monday after initially gapping higher, testing the 0.88 level. That area of course is resistance as we have seen several times before, so it does not surprise us at all to see that the Australian dollar fell. We believe that this market should continue to ...

EURGBP Long-Term Reversal (Nov 18, 2014)

Daily Forex Reports | by Kate Curtis | Tuesday, 18 November 2014 04:34 UTC
EURGBP has been falling for the past few months but a reversal pattern has just formed on its daily chart. This indicates that an uptrend may start as soon as price breaks past the .8000-.8050 resistance levels. If the .8000 mark holds as resistance though, price could make another bottom around th ...

GBPUSD Descending Trend Line (Nov 17, 2014)

Daily Forex Reports | by Kate Curtis | Monday, 17 November 2014 06:01 UTC
GBPUSD looks prime for a pullback as price found support around the 1.5600 major psychological level. The pair appears to be retreating to the descending trend line visible on its 4-hour forex chart.   Stochastic has already reached the overbought area, indicating that the correction is almost ov ...

USD/JPY Forecast November 17, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Saturday, 15 November 2014 10:18 UTC
The USD/JPY pair initially broke higher during the course of the session on Friday, but found enough resistance above to turn things back around and form a shooting star. The shooting star of course signifies that we will more than likely pullback but we think that the 115 level is massively support ...

USD/CAD Forecast November 17, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Saturday, 15 November 2014 10:17 UTC
The USD/CAD pair fell during the course of the session on Friday, testing the 1.13 handle. This area is significant support, and we believe that it extends all the way down to the 1.12 handle as well. That being the case, we are looking for supportive candle in order to start going long, but at this ...

GBP/USD Forecast November 17, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Saturday, 15 November 2014 10:17 UTC
The GBP/USD pair fell during the course of the session on Friday, but bounced enough to form a nice-looking hammer. This of course suggests that we could get a little bit of a bounce but we would anticipate selling pressure to pick back up somewhere closer to the 1.59 handle even if we do get that b ...

EUR/USD Forecast November 17, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Saturday, 15 November 2014 10:16 UTC
The EUR/USD pair initially fell during the course of the session on Friday, but then bounced above the 1.25 level by the time we close. This of course is a very positive looking candle, and as a result the market should continue to go higher for the short-term. Ultimately though we think there is pl ...

AUD/USD Forecast November 17, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Saturday, 15 November 2014 10:15 UTC
The AUD/USD pair initially fell during the course of the day on Friday, but then broke higher in order to test the 0.88 region. This is an area where we anticipate to see a lot of resistance, so quite frankly we are looking for a resistant candle in order to start selling. The gold markets had a ver ...

Recommended Forex Trading Platforms

Forex Trading We know that the right opportunity can happen at anytime, anywhere. Saxo Capital Markets is committed to giving you a suite of platforms that will enable you to access your account and trade the markets whenever and wherever you want.

Sponsors

Subscribe to Newsletter

To receive alerts by email when Free Forex Analysis are updated. Enter your email address below.