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Daily Forex Reports


GBP/USD Forecast July 26, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 26 July 2016 05:38 UTC
The GBP/USD pair did very little during the day on Monday, as we continue to see support at the 1.30 level. Alternately, if we rally at this point in time, I think that the sellers will reenter the market at higher levels, as the 1.35 level above is massively resistive. If we can break down from her ...

EUR/USD Forecast July 26, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 26 July 2016 05:37 UTC
The EUR/USD pair initially fell during the day on Monday, but turned around to slam into the 1.10 level again. This is an area that had been rather supportive recently, so it should now in theory be resistive. Am waiting to see whether or not we get an exhaustive candle that we can start selling as ...

AUD/USD Forecast July 26, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 26 July 2016 05:36 UTC
The AUD/USD pair initially tried to rally during the day on Monday, but turned back around to form a bit of a shooting star. I think that if we can break above the 0.75 level, that would be a significant enough move to the upside to push this market higher. I believe that this market breaking down f ...

USDCAD Triangle Breakout (July 26, 2016)

Daily Forex Reports | by Kate Curtis | Tuesday, 26 July 2016 02:48 UTC
USDCAD formed lower highs and higher lows in the past few weeks since late May, creating a symmetrical triangle pattern on its 4-hour time frame. Price has broken above the triangle resistance, indicating that buyers are gaining the upper hand in price action.   The chart pattern is approximately ...

USD/CAD Forecast July 25, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Monday, 25 July 2016 06:16 UTC
The USD/CAD pair broke higher during the course of the session on Friday, as we have shown quite a bit of bullish pressure and not only the US dollar, but also we have seen quite a bit of weakness in the crude oil market. This is a “double whammy” when it comes to this marketplace, and as a resu ...

USD/JPY Forecast July 25, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Monday, 25 July 2016 06:14 UTC
The USD/JPY pair initially tried to rally during the course of the session on Friday, but stalled in the middle of the day. At this point in time, looks as if the 105 level will be tested for support, and if we can get a supportive candle or a bounce from there would be a nice buying opportunity. If ...

EUR/USD Forecast July 25, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Monday, 25 July 2016 06:14 UTC
The EUR/USD pair broke down below the bottom of a couple of hammers during the Friday session, so therefore if you we are getting ready to go even lower. I think that the 1.09 level will be targeted first, and then eventually we will try to work our way all the way down to the 1.05 level over the lo ...

GBP/USD Forecast July 25, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Monday, 25 July 2016 06:13 UTC
The British pound fell again during the day on Friday, as we continue to grind our way down towards the 1.30 and a. There is quite a bit of support just below though, so having said that it’s not necessarily going to be easy to search selling here. I would prefer to see some type of rally that sel ...

AUD/USD Forecast July, 25, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Monday, 25 July 2016 06:11 UTC
The AUD/USD pair fell during the course of the day on Friday, as we continue to see this market soften. However, there is quite a bit of support just below as there is quite a bit of bearish pressure on the Aussie at the moment. The US dollar is starting to strengthen, but given enough time it looks ...

USDJPY Descending Channel (July 25, 2016)

Daily Forex Reports | by Kate Curtis | Monday, 25 July 2016 05:07 UTC
USDJPY has been trending lower on its longer-term time frames, moving inside a descending channel on its daily time frame. Price is currently testing the channel resistance at the 106.50-107.00 area, which lines up with a former support level. This also coincides with the 61.8% Fibonacci retracement ...

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