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Daily Forex Reports


USD/CAD Forecast May 28, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 28 May 2015 08:41 UTC
The USD/CAD pair initially fell during the course of the day on Wednesday, but found enough support below to turn things back around and test the 1.25 level. If we can break above the top of the range for the session, the market should then march towards the 1.27 level, and pullbacks should continue ...

GBP/USD Forecast May 28, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 28 May 2015 08:41 UTC
The GBP/USD pair went back and forth during the day on Wednesday, but found enough resistance near the 1.54 level to turn things back around and fall. However, the 1.53 level offered enough support that the market looks like it’s going to struggle to break down below there. We do think that it doe ...

EUR/USD Forecast May 28, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 28 May 2015 08:40 UTC
The EUR/USD pair went back and forth wildly during the session on Wednesday, as we continue to move based upon rumors coming out of Athens. With that being said, it’s quite frankly easier to simply avoid this pair than it is to trade it at the moment. We do believe that it’s more apt to be beari ...

AUD/USD Forecast May 28, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 28 May 2015 08:39 UTC
The AUD/USD pair initially broke down during the course of the day on Wednesday, but found enough support below the 0.77 level to turn things back around and form a hammer like candle. With that being the case, if we can break above the 0.78 level, we would be buyers at that point in time. On the ot ...

USDCAD Support Turned Resistance (May 28, 2015)

Daily Forex Reports | by Kate Curtis | Thursday, 28 May 2015 06:53 UTC
USDCAD has been climbing since the middle of the month but may be due to head south again, as the pair is hitting an area of interest. Price appears to be finding resistance at the 61.8% Fibonacci retracement level, which lines up with the broken support at the 1.2500 major psychological level.   ...

USD/JPY Forecast May 27, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 27 May 2015 06:13 UTC
The USD/JPY pair broke higher during the course of the day on Tuesday, clearing the 122 handle. We are broken out at this point, and we feel that this market then heads to the 125 handle over the course of the next several weeks. We believe that pullbacks continue to offer buying opportunities, and ...

USD/CAD Forecast May 27, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 27 May 2015 06:13 UTC
The USD/CAD pair broke higher during the course of the session on Tuesday, slicing through the 1.24 level. This is of course in anticipation of the interest-rate coming out of the Bank of Canada, which of course is a market moving event. If we can get above the top of the range for the session on Tu ...

GBP/USD Forecast May 27, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 27 May 2015 06:12 UTC
The GBP/USD pair fell initially during the day on Tuesday, but found enough support near the 1.54 level to turn things back around and form a hammer. This is the area that we set had to hold as support in order for the uptrend to continue. Because of this, if we can get back above the 1.55 handle, w ...

EUR/USD Forecast May 27, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 27 May 2015 06:12 UTC
EUR/USD pair fell during the course of the session on Tuesday, slicing below the 1.09 level. Because of this, we feel the market is ready to go much lower, probably heading towards the lows of the 1.06 handle, or even the lows at the 1.05 handle. Even though we broke down below the 1.10 level previo ...

AUD/USD Forecast May 27, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 27 May 2015 06:11 UTC
The AUD/USD pair broke down during the day on Tuesday, slicing through the 0.78 level. The market looks very bearish at the moment, but there is a lot of noise just below so quite frankly we feel it’s easier to sell the New Zealand dollar than it is the Australian dollar. We believe that the 2 mar ...

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