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Daily Forex Reports


AUD/USD Forecast November 22, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 22 November 2016 06:07 UTC
The Australian dollar rally during the day on Monday, as we continue to see a bit of a bounce later in the session. This is a market that has a significant amount of bearish pressure above it though, and I believe that the 0.7450 level above will act as a bit of a “ceiling” in this market. Any e ...

USDCAD Reversal Signal (Nov 22, 2016)

Daily Forex Reports | by Kate Curtis | Tuesday, 22 November 2016 04:54 UTC
USDCAD seems to be tired from its climb, as a double top pattern formed on its 1-hour time frame. Price is still testing the neckline at the 1.3400 major psychological level before conrfirming this reversal signal. A break below the 1.3400 neckline could push the pair down by at least 150 pips or t ...

EURAUD Reversal Pattern (Nov 21, 2016)

Daily Forex Reports | by Kate Curtis | Monday, 21 November 2016 06:22 UTC
EURAUD has formed a double bottom on its 1-hour time frame, signaling that price may be tired from its drop. The pair has yet to break past the neckline around 1.4550-1.4600 before confirming the potential climb.   The chart pattern is approximately 400 pips tall so the resulting breakout could b ...

USD/JPY Forecast November 21, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Saturday, 19 November 2016 10:47 UTC
The USD/JPY pair initially fell on Friday but then continued the bullish pressure that we have seen. It now looks as if we are ready to go even higher, as the surprise election of Donald Trump has a lot of people betting on the US economy. Pullbacks should continue to find plenty of support, and as ...

USD/CAD Forecast November 21, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Saturday, 19 November 2016 10:45 UTC
The USD/CAD pair struggled a bit during the day on Friday as we continue to meander around the 1.35 handle. Ultimately though, this is a market that has quite a bit of bullish pressure underneath, and as a result I think we will continue to go higher over the longer term. I am waiting to see some ty ...

GBP/USD Forecast November 21, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Saturday, 19 November 2016 10:44 UTC
The British pound fell during the day on Friday, as we continue to reach towards the 1.23 level. If we can break down below there, the market should then reach towards the 1.21 handle below, or possibly even break down to the 1.20 level underneath there. I have no interest in buying, and I believe t ...

EUR/USD Forecast November 21, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Saturday, 19 November 2016 10:43 UTC
The EUR/USD pair fell on Friday as we continue to see quite a bit of bearish pressure. However, we are approaching the 1.05 level which should be massively supportive, so I’m waiting to see whether or not we get some type of bounce that show signs of exhaustion to take advantage of. I have no inte ...

AUD/USD Forecast November 21, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Saturday, 19 November 2016 10:42 UTC
The AUD/USD pair fell on Friday as we continue to see a lot of weakness in the Aussie dollar. This is a market that should continue to go lower as there is most certainly a massive amount of bearish pressure on this market. Also, the gold markets haven’t exactly been on fire, so that’s not offer ...

USD/JPY Forecast November 18, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 18 November 2016 06:22 UTC
The USD/JPY pair rallied during the day on Thursday, testing the top of the shooting star from the Wednesday session. Because of this, it’s likely that the market will continue to try to break out to the upside, as this is a very bullish move. If we do break above the top of the shooting star we w ...

USD/CAD Forecast November 18, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 18 November 2016 06:22 UTC
The USD/CAD pair went back and forth on Thursday as we found a bit of support at the 1.34 level below. I think that the market should continue to go higher, perhaps reaching towards the 1.35 handle on a break above the top of the candle. Pay attention to the oil markets, because if they continue to ...

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