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Daily Forex Reports


GBP/USD Forecast July 23, 2015 Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 23 July 2015 07:00 UTC
The GBP/USD pair broke higher during the course of the session on Wednesday, but turned back around to form a shooting star. With that, we believe that this market will probably try to drift a little bit lower but there should be plenty of buyers below. We think that the 1.55 level is supportive, an ...

EUR/USD Forecast July 23, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 23 July 2015 07:00 UTC
The EUR/USD pair tried to rally during the course of the session on Wednesday, but struggled at the 1.0980 level again in order to fall. With that being the case, we found the 1.09 level offer little bit of support. In other words, this is a very volatile market and we feel that the market is going ...

AUD/USD Forecast July 23, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 23 July 2015 06:59 UTC
The AUD/USD pair fell during the day on Wednesday, testing the 0.7350 level again. The markets are most certainly negative at the moment, and therefore we look at this market as one that offers plenty of selling opportunities on short-term charts. We believe that short-term rallies that show signs o ...

AUDJPY Short-Term Range (July 23, 2015)

Daily Forex Reports | by Kate Curtis | Thursday, 23 July 2015 06:23 UTC
AUDJPY has been moving sideways on the 1-hour time frame, finding support around the 91.00 major psychological level and resistance just above 92.00. The pair seems to be on its way to test the bottom of the range for another potential bounce. However, the 100 SMA just crossed below the 200 SMA, su ...

USD/JPY Forecast July 22, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 22 July 2015 06:20 UTC
The USD/JPY pair broke down significantly during the course of the session on Tuesday, showing real resistance at the 124 level. With this, it appears that the market is going to go lower, searching for support. We believe that there is a massive amount of support at the 123 level, and as a result w ...

USD/CAD Forecast July 22, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 22 July 2015 06:20 UTC
The USD/CAD pair fell during the course of the session on Tuesday, but did find buyers at the end of the day. We believe that this market is simply trying to build up enough momentum to finally break above the 1.30 level. This is a massively resistive barrier above, and as a result we think that the ...

GBP/USD Forecast July 22, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 22 July 2015 06:19 UTC
The GBP/USD pair went back and forth during the course of the day on Tuesday, showing a fairly neutral and benign candle. Because of this, we believe that the buyers are trying to lift this pair. We think that the 1.55 level below should be supportive, and as a result the market should continue to g ...

EUR/USD Forecast July 22, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 22 July 2015 06:19 UTC
The EUR/USD pair higher during the course of the session on Tuesday, breaking the top of the shooting star from Monday which of course is a very bullish sign. However, we recognize that the 1.10 level above should continue to be resistance, because it was so supportive in the past. Ultimately, we fe ...

AUD/USD Forecast July 22, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 22 July 2015 06:18 UTC
The AUD/USD pair broke higher during the course of the session on Tuesday, testing higher levels as we reach towards the 0.75 level. The 0.75 level of course should be resistive as it has been before, and as a result we are sellers on resistive candles. A resistive candle should send this market bac ...

EURUSD Correction Setup (July 22, 2015)

Daily Forex Reports | by Kate Curtis | Wednesday, 22 July 2015 03:39 UTC
After selling off in the past few days, EURUSD is making a correction to the 38.2% Fibonacci retracement level. This coincides with a broken support level around the 1.0950 minor psychological level and the 200 SMA resistance, which could allow the downtrend to resume. Stochastic is pointing down, ...

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