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Daily Forex Reports


EUR/USD Forecast April 26, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 26 April 2016 06:06 UTC
The EUR/USD pair rose during the course of the session on Monday, as we continue to see support just below. The 1.12 level has offered enough support to cause a bit of a bounce, and it should in theory continue to see upward pressure in a market that tries to reach towards the 1.14 handle. If we can ...

AUD/USD Forecast April 26, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 26 April 2016 06:05 UTC
The AUD/USD pair went back and forth during the course of the day on Monday, as we simply continue to test support at the 0.77 level. With this being the case, the market should continue to go higher on a break above the top of the range during the course of the Monday should send buyers into a stro ...

GBPJPY Reversal Signals (Apr 26, 2016)

Daily Forex Reports | by Kate Curtis | Tuesday, 26 April 2016 04:07 UTC
GBPJPY had been trading below a descending trend line on its 4-hour time frame earlier this year before an upside breakout took place, signaling a potential reversal. In addition, a complex double bottom pattern has formed and price is currently testing the neckline resistance at 161.00-162.00. A bu ...

USDJPY Uptrend Pullback (Apr 25, 2016)

Daily Forex Reports | by Kate Curtis | Monday, 25 April 2016 04:59 UTC
USDJPY broke out of its double bottom formation on the 1-hour time frame, signaling that a reversal from the previous downtrend is about to take place. However, price has encountered resistance near the 112.00 major psychological level and might be due for a pullback. Using the Fibonacci retracemen ...

USD/JPY Forecast April 25, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Sunday, 24 April 2016 06:17 UTC
The USD/JPY pair broke down during the course of the day on Friday, slicing through the 110 level, and of course the 111 level. Because of this, it looks as if the market is going to continue to go much higher, perhaps reaching towards the 114 handle. It will be choppy though, because there is a lot ...

USD/CAD Forecast April 25, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Sunday, 24 April 2016 06:16 UTC
The USD/CAD pair initially fell during the day on Friday, but turned back around to form a bit of a hammer. The hammer of course is a bullish sign, so if we can rally from here we should see a bit of a move higher. Ultimately, there is a massive amount of resistance at the 1.30 level above, and with ...

GBP/USD Forecast April 25, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Sunday, 24 April 2016 06:15 UTC
The GBP/USD pair broke higher during the course of the session on Friday, testing the top of the shooting star from the Thursday session. That being the case, the market looks as if there is quite a bit of resistance above, perhaps reaching towards the 1.45 handle. Ultimately, if we can break down b ...

EUR/USD Forecast April 25, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Sunday, 24 April 2016 06:14 UTC
The EUR/USD pair fell significantly during the day on Friday, after initially forming a shooting star from Thursday. That being the case, we broke down below the 1.1250 level, which had previously been support. With this, looks as if the Euro will continue to lose value, but it is going to be choppy ...

AUD/USD Forecast April 25, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Sunday, 24 April 2016 06:14 UTC
The AUD/USD pair initially tried to rally during the day on Friday, but turned back around to form a slightly negative candle. The 0.77 level offered a bit of support, and it now looks as if we will more than likely trying to drive a little bit lower and find a supportive candle. As soon as we get t ...

USD/JPY Forecast April 22, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 22 April 2016 06:39 UTC
The USD/JPY pair fell slightly during the course of the day on Thursday, as the 110 level offered enough resistance to turn the market back around a bit. Ultimately, this is a market that should continue to struggle the 110 level, so we can break down below the bottom of the range for the session on ...

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