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Daily Forex Reports


AUD/USD Forecast January 14, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 14 January 2015 06:10 UTC
The AUD/USD pair fell initially during the session on Tuesday, but found support below the 0.8150 level in order to turn things back around and form a hammer. The hammer as you can see sits right on top of support, and as a result a break above the top of the hammer could send this market even highe ...

NZDJPY Ascending Triangle Break (Jan 14, 2015)

Daily Forex Reports | by Kate Curtis | Wednesday, 14 January 2015 04:00 UTC
NZDJPY has shown increased downside momentum, as price broke below the bottom of the ascending triangle on its 4-hour time frame. The chart pattern is roughly 600 pips in height, suggesting that the resulting breakdown could be of the same size. If the selloff carries on, price could head to the ne ...

USD/JPY Forecast January 13, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 13 January 2015 07:04 UTC
The USD/JPY pair initially tried to rally during the course of the day on Monday, but then turned back around to form a massive shooting star. Because of this, it appears that the market is ready to continue falling, but we have no interest in selling this market. After all, it is in a massive uptre ...

USD/CAD Forecast January 13, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 13 January 2015 07:04 UTC
The USD/CAD pair broke much higher during the course of the session on Monday as you can see, mainly in reaction to the way the oil markets have fallen apart. We have been targeting the 1.20 level for some time now, and we are just below it at close on Monday. However, the fact that we are closing s ...

GBP/USD Forecast January 13, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 13 January 2015 07:03 UTC
The GBP/USD pair initially fell during the course of the session on Monday, but as you can see found enough support to turn things back around and form a nice-looking hammer. With that, we believe that this market is getting ready to bounce and perhaps head to the 1.53 level next. Above there, we th ...

EUR/USD Forecast January 13, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 13 January 2015 07:02 UTC
The EUR/USD pair as you can see initially fell during the bulk of the session on Monday, testing the 1.18 level for support. With that being the case, the market looks as if it bounced from there based upon significant buying pressure for the third session in a row, and the fact that we are forming ...

AUD/USD Forecast January 13, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 13 January 2015 07:02 UTC
The AUD/USD pair fell during the course of the session as you can see on Monday, but found enough support at the 0.8150 level to hang about. With that, if we can break down below the bottom of the range we feel that this market should then go down to the 0.80 level. That level in and of itself is a ...

AUDUSD Resistance Turned Support (Jan 13, 2015)

Daily Forex Reports | by Kate Curtis | Tuesday, 13 January 2015 05:56 UTC
AUDUSD broke past a resistance area on its 1-hour time frame and rallied to a high of .8250 before retreating. Price is now retracing to the 50% Fibonacci level, which lines up with the broken resistance level at the .8150 minor psychological support. Stochastic is moving up, indicating a buildup i ...

The Top 5 Forex Developments 01/05/15 – 01/09/15 – Paxforex

Daily Forex Reports | by Paxforex | Monday, 12 January 2015 15:59 UTC
Here are the Top Forex Developments for the trading week between 01/05/15 and 01/09/15: Number One: US NFP The US economy added more jobs in December than expected as the NFP report showed the addition of 252,000 jobs which beat expectations for an increase of 240,000. The unemployment rate decrea ...

GBPUSD Major Correction (Jan 12)

Daily Forex Reports | by Kate Curtis | Monday, 12 January 2015 03:59 UTC
GBPUSD is showing signs of a pullback, as price previously found support near the 1.5000 major psychological level. Using the Fibonacci retracement tool on the latest swing high and low on the 4-hour time frame indicates that the 61.8% Fibonacci level lines up with a former support zone. The broken ...

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