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Daily Forex Reports


EUR/USD Forecast July 16, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 16 July 2015 06:07 UTC
The EUR/USD pair initially tried to rally during the course of the day on Wednesday, but found the area above the 1.10 level to be a bit too expensive. Because of this, we ended up falling but we see support all the way down to the 1.09 handle. With this, we are looking for supportive candles in ord ...

AUD/USD Forecast July 16, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 16 July 2015 06:06 UTC
The AUD/USD pair fell during the course of the session on Wednesday, breaking to a fresh, new low. That being the case, the market looks as if it is ready to go much lower, as the 0.75 level above continues to be the “ceiling” in this market. The Australian dollar course is going to suffer as mo ...

AUDUSD Short-Term Reversal (July 15, 2015)

Daily Forex Reports | by Kate Curtis | Wednesday, 15 July 2015 07:54 UTC
AUDUSD could be in for a reversal from its recent selloff, as the pair is creating a double bottom pattern on its 1-hour chart. Price has been unable to break below the .7400 floor earlier this month and seems ready to test the neckline around the .7500 level. An upside break from the neckline resi ...

USD/JPY Forecast July 15, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 15 July 2015 06:30 UTC
The USD/JPY pair initially fell during the course of the session on Tuesday, testing the 123 round number. I doing so, we found enough buyers below to turn things back around and form a bit of a hammer. The hammer of course is a very bullish sign, and the fact that it is on top of the recent consoli ...

USD/CAD Forecast July 15, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 15 July 2015 06:29 UTC
The USD/CAD pair broke higher during the course of the session initially on Tuesday, testing the 1.28 level. This area has been massively resistive in the past, and as a result it makes sense that we continue to sell in that general vicinity. However, if we break above the 1.28 handle, this market s ...

GBP/USD Forecast July 15, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 15 July 2015 06:29 UTC
The GBP/USD pair initially fell during the session on Tuesday, but found enough support near the 1.55 level to turn things back around and break above the top of the shooting star from the Monday session. By doing so, this is of course a very bullish sign and we now believe that the British pound is ...

EUR/USD Forecast July 15, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 15 July 2015 06:28 UTC
The EUR/USD pair went back and forth during the course of the day on Tuesday, testing the 1.10 level for support. We did find it there, we still believe that there is a significant amount of support extending all the way down to the 1.09 handle. With this, we are more likely to start buying the Euro ...

AUD/USD Forecast July 15, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 15 July 2015 06:28 UTC
The AUD/USD pair went back and forth during the session on Tuesday, testing the 0.75 level. However, that is an area that has been so resistive that we don’t believe that the market is going to break above there anytime soon. Even if we do, we think that there is a massive amount of resistance jus ...

GBPUSD Trend Line Break (July 14)

Daily Forex Reports | by Kate Curtis | Tuesday, 14 July 2015 07:54 UTC
GBPUSD had been trading below a descending trend line since mid-June but the pair recently broke to the upside. This signals that a reversal is in order, especially since price made a pullback to the broken trend line which now seems to be holding as support. The 100 SMA is still below the longer-t ...

USD/JPY Forecast July 14, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 14 July 2015 07:22 UTC
The USD/JPY pair initially dropped a bit during the session on Monday, but turned around at the 122.50 level. Ultimately, we broke above there and reach towards the 123.50 handle. Ultimately, the market closed towards the top of the range, and therefore we feel that this market should reach towards ...

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