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Daily Forex Reports


GBP/USD Forecast August 23, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 23 August 2016 06:47 UTC
The British pound did rally a bit during the course of the day on Monday, using the 1.30 level as a support barrier. That being the case, looks as if sooner or later we should find sellers above as we continue to simply go back and forth in the recent consolidation area. If we rally from here, there ...

EUR/USD Forecast August 23, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 23 August 2016 06:46 UTC
The EUR/USD pair initially fell during the day on Monday, but turned right back around and form a bit of a hammer. By doing so, looks as if we are trying to build up enough pressure to break above the 1.1350 in a. Once we get above there, the market could be free to go to the 1.15 handle, so this po ...

AUD/USD Forecast August 23, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 23 August 2016 06:45 UTC
The AUD/USD pair went back and forth during the course of the session on Monday, but eventually ended up forming a positive candle. With that being the case, the market looks as if it is trying to go higher over the longer term, but it will be difficult to break down to a fresh new high as we have s ...

USDCAD Breakdown Retracement (Aug 23, 2016)

Daily Forex Reports | by Kate Curtis | Tuesday, 23 August 2016 02:42 UTC
USDCAD was previously trading inside an ascending channel pattern before breaking lower to signal a reversal. Price hit a low of 1.2762 before pulling up and indicating that a retracement to the broken support area could be in order. Applying the Fib tool on the latest swing high and low shows that ...

USD/JPY Forecast August 22, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Monday, 22 August 2016 06:36 UTC
The USD/JPY pair bounced slightly during the course of the session on Friday, as the 100 level offered a bit of support. This being the case, the market looks as if it could bounce from here, but there is a significant amount of noise above that should continue to put pressure on this market. The Ba ...

USD/CAD Forecast August 22, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Monday, 22 August 2016 06:35 UTC
The USD/CAD pair rallied during the course of the session on Friday, showing the very explosive move to the upside. It now looks as if we could very well try to reach towards the previous uptrend line that had kept the market going higher. However, you have to keep in mind that there is a significan ...

GBP/USD Forecast August 22, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Monday, 22 August 2016 06:34 UTC
The GBP/USD pair fell slightly during the course of the day, testing the 1.30 level for support. If we can break down below there, I feel that the market then will reach to the 1.2850 level below. If we can break down below there, the market should then reach down to the 1.25 handle. Any rally at th ...

EUR/USD Forecast August 22, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Monday, 22 August 2016 06:33 UTC
The EUR/USD pair fell significantly during the day but did bounce a bit by the end of the day on Friday. By doing so, looks as if we are trying to build up enough momentum to finally break above the 1.1350 level, but with this being the case I have to admit that there is quite a bit of resistance ab ...

AUD/USD Forecast August 22, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Monday, 22 August 2016 06:32 UTC
The AUD/USD pair broke down during the course of the session on Friday, finding the market reaching for the 0.76 level. However, I think there is more than enough support below that sooner or later we will find buyers. There is so much in the way of noise I think that the first supportive candle tha ...

EURUSD Uptrend Correction (Aug 22, 2016)

Daily Forex Reports | by Kate Curtis | Monday, 22 August 2016 05:28 UTC
EURUSD is on an uptrend on its 4-hour time frame, moving above an ascending trend line and getting ready to test support. The Fib tool applied on the latest swing high and low shows that the 61.8% retracement level lines up with the trend line and an area of interest at 1.1200. The 100 SMA is above ...

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