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Daily Forex Reports


AUD/USD Forecast April 11, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 11 April 2014 03:19 UTC
The AUD/USD pair rose during the session on Thursday, touching the 0.9450 level at one point during the day, but pulling back enough to form a shooting star. The shooting star suggests that we are in fact going to pull back from here, but we think that a pullback to the 0.93 handle would be very hea ...

Japanese/Chinese Data Points to Slowdown – Paxforex

Daily Forex Reports | by Paxforex | Thursday, 10 April 2014 13:05 UTC
Economic data released out of Japan and China pointed towards an economy much slower than current market prices as well as currency crosses suggested. Forex traders have been slow to react to the economic disappointments which mean that there could be a period where prices will catch up with reality ...

EUR/USD Trend Reversal (April 10, 2014)

Daily Forex Reports | by Kate Curtis | Thursday, 10 April 2014 09:18 UTC
EUR/USD recently broke above a falling trend line on its 1-hour time frame, indicating that the downtrend is already over. The pair also surged past the 1.3800 area of interest, suggesting that more gains are in the works. Do take note though that stochastic has already reached the overbought area, ...

USD/JPY Forecast April 10, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 10 April 2014 03:21 UTC
The USD/JPY pair went back and forth during the session on Wednesday falling just below the 102 level. The candle going back and forth during the session on Wednesday suggests that we are trying to find some type of support down in this general vicinity, after falling so harshly during the session o ...

USD/CAD Forecast April 10, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 10 April 2014 03:20 UTC
The USD/CAD market fell during the session on Wednesday, breaking below the 1.09 handle. Although we did not collapse, we do fear that this market is probably going to go lower, thereby causing us to sell this market on a break of the lows from the session. We will not sell until then, but do recogn ...

GBP/USD Forecast April 10, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 10 April 2014 03:19 UTC
The GBP/USD pair initially fell during the session on Wednesday, but found enough support underneath in order to move the market higher. The 1.68 level should offer resistance, and as a result we need to clear the highs in order to go to the 1.70 level, which of course is our longer-term target. We ...

EUR/USD Forecast April 10, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 10 April 2014 03:19 UTC
The EUR/USD pair rose during the session on Wednesday, continuing the bullish move that we’ve seen over the last three sessions. We are now heading towards the 1.3850 level, an area that could probably offer quite a bit of resistance. If we can get above this area, the market should head to the 1. ...

AUD/USD Forecast April 10, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 10 April 2014 03:18 UTC
The AUD/USD pair rose during the session on Wednesday, finding enough strength to break out above the highs from the previous session which of course was a breakout candle to begin with. Because of that, we feel that the market should continue to gain overall, and that pullback should be nice buying ...

AUD/JPY Break and Retest (April 9, 2014)

Daily Forex Reports | by Kate Curtis | Wednesday, 09 April 2014 06:25 UTC
AUD/JPY recently made a strong break and sustained rally past the 94.00 major psychological level but it appears that a quick correction might take place. The pair has retreated upon reaching the 96.00 major psychological resistance and might bounce off the Fibonacci retracement levels on the 4-hour ...

USD/JPY Forecast April 9, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 09 April 2014 02:44 UTC
The USD/JPY pair fell rather hard during the session on Tuesday, slicing through the 103 level, and falling all the way down to the 101.50 handle. Because of that, it appears that the market has sliced through quite a bit a different minor support levels. The 101 level has been rather supportive rec ...

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