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Daily Forex Reports


USD/JPY Forecast July 21, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Saturday, 19 July 2014 12:37 UTC
The USD/JPY pair rose a little bit during the course of the session on Friday, showing the 101 level as support is still. The candle itself isn’t that impressive, but the fact that we hold this area yet again tells us that the market will probably continue to consolidate. Expect tight trading, as ...

USD/CAD Forecast July 21, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Saturday, 19 July 2014 12:36 UTC
The USD/CAD pair fell during the session on Friday, but bounced slightly in order to take back some of the losses. The weekly candle is a shooting star though, and as a result we are not ready to buy until we break above the top of that shooting star candle, which means clearing the 1.08 level. The ...

GBP/USD Forecast July 21, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Saturday, 19 July 2014 12:35 UTC
The GBP/USD pair went back and forth during the session on Friday, but bounced enough to form a hammer. This hammer suggests that the market is going to continue to find buyers every time we drop, and as a result the market will more than likely go higher in trying to break above the 1.72 level, ult ...

EUR/USD Forecast July 21, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Saturday, 19 July 2014 12:34 UTC
The EUR/USD pair initially fell during the course of the day on Friday, but as you can see found quite a bit of support at the 1.35 handle. This area has been supportive for some time now, and is the bottom of a larger consolidation area as far as we can see. The 1.37 level above is the resistance a ...

AUD/USD Forecast July 21, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Saturday, 19 July 2014 12:33 UTC
The AUD/USD pair rallied during the session on Friday, but remains within the previous consolidation area so we aren’t necessarily interested in placing money into the market. If we can break above the 0.95 level, we feel that this market would continue much higher, probably heading to the parity ...

Is the Canadian Dollar overvalued? – Paxforex

Daily Forex Reports | by Paxforex | Friday, 18 July 2014 17:00 UTC
The Canadian Dollar has rallied from multi-month lows, especially against its Southern neighbor the US Dollar. The rally lasted in excess of 650 pips from an intra-day high of 1.1278 reached on March 20th 2014 to an intra-day low of 1.0619 which it reached on July 3rd 2014. Price action has since re ...

USD/JPY Forecast July 18, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 18 July 2014 07:36 UTC
The USD/JPY pair fell hard during the session on Thursday, testing the support level just below at the 101 handle. Because of this, we believe that the buyers will stepping into this marketplace, and then the pair should bounce again. However, if we do break down below the 101 level, we still feel t ...

USD/CAD Forecast July 18, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 18 July 2014 07:35 UTC
The USD/CAD pair initially tried to fall during the course of the session on Thursday, but as you can see turned back around to form a relatively positive candle. We are still below the 1.08 handle now, and as a result we feel that the market will struggle to get above it. However, once we do we fee ...

GBP/USD Forecast July 18, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 18 July 2014 07:34 UTC
GBP/USD fell during the session on Thursday, testing the 1.71 level. This area continues to be somewhat supportive though, and as a result we feel that the market should continue to bounce from here and head to the 1.72 handle. Getting above the 1.72 level would be reason enough for the market to he ...

EUR/USD Forecast July 18, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 18 July 2014 07:34 UTC
The EUR/USD pair went back and forth during the session on Thursday, showing that the 1.35 level would of course continue to be supportive. With this being the case, the market feels as if it’s ready to bounce from here, and then could head back towards the top of the consolidation area at the 1.3 ...

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