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Daily Forex Reports


How fast is New Zealand slowing down? – Paxforex

Daily Forex Reports | by Paxforex | Friday, 24 October 2014 07:53 UTC
The New Zealand economy has enjoyed robust growth which can largely be a contributor to its commodity sector and demand from China.  This has allowed the New Zealand Dollar to appreciate in value against other major currencies.  While the economic expansion in New Zealand created plenty of great o ...

USD/JPY Forecast October 24, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 24 October 2014 05:25 UTC
The USD/JPY pair did in fact break above the 107.50 level during the session on Thursday, which was the signal that we had been waiting on in order to start buying again. Now that we’ve had that happen, it appears that we are all that destined to go to the 110 level, an area that we believe will c ...

USD/CAD Forecast October 24, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 24 October 2014 05:25 UTC
The USD/CAD pair initially fell during the course of the session on Thursday, but found the 1.12 level supportive yet again. By doing so, and ended up forming a nice-looking hammer, and right where you want to see it. A break of the top of the hammer, we believe that this market probably heads back ...

GBP/USD Forecast October 24, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 24 October 2014 05:24 UTC
The GBP/USD pair initially fell during the course of the day on Thursday, but tested the 1.60 level in found plenty of support there. That being the case, the market looks like it wants to go higher from here because of the fact that it formed a hammer. We have to keep in mind that the weekly candle ...

EUR/USD Forecast October 24, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 24 October 2014 05:23 UTC
EUR/USD fell initially during the session here on Thursday, but ended up forming enough positive momentum towards the end of the day to form a little bit of a hammer. The fact is that the market essentially used trying to digest its next move in this region, and as a result we are still sellers thou ...

AUD/USD Forecast October 24, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 24 October 2014 05:23 UTC
The AUD/USD pair tried to rally during the course of the day on Thursday, but found the 0.88 level be far too resistive and therefore turned back around and form a shooting star. That shooting star of course is very weak and suggests that we are going to go lower, perhaps testing the bottom of the c ...

USDJPY Correction Over? (Oct 24, 2014)

Daily Forex Reports | by Kate Curtis | Friday, 24 October 2014 04:53 UTC
USDJPY is stalling at an area of interest, which lines up with the 108.00 major psychological resistance level. This also coincides with the 200 SMA and the 61.8% Fibonacci retracement on the latest swing high and low of the 4-hour chart. Stochastic is suggesting a pickup in selling pressure, as th ...

USD/JPY Forecast October 23, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 23 October 2014 07:18 UTC
The USD/JPY pair rose slightly during the course of the day on Wednesday, testing the 107.50 handle. Because of this, it appears that more bullish pressure is appearing in the marketplace, and that the buyers are more than likely going to pick it up from here. With that, we still believe that buying ...

GBP/USD Forecast October 23, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 23 October 2014 07:18 UTC
The GBP/USD pair fell during the session on Wednesday, but found the 1.60 level to be supportive as one would anticipate. Because of this, we are bit leery of getting involved as we are so close to a supportive level, but at the same time the candle does look very bearish. With this, we are simply g ...

USD/CAD Forecast October 23, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 23 October 2014 07:16 UTC
The USD/CAD pair went back and forth during the session here on Wednesday, testing the 1.12 level for support. It did in fact find it, so therefore we feel that this market will more than likely go higher given enough time but it obviously needs to work things out in the meantime. With that, we are ...

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