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Daily Forex Reports


USD/JPY Forecast April 3, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 03 April 2015 06:06 UTC
The USD/JPY pair did very little during the session on Thursday, as one would expect because of the nonfarm payroll numbers coming out during the day today. The 120 level above is still resistive, but we do think that once the market breaks above the highs from earlier this week, we should continue ...

USD/CAD Forecast April 3, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 03 April 2015 06:05 UTC
The USD/CAD pair initially broke higher, but as you can see turned back around and formed a shooting star. This is the third shooting star in a row, and as a result we feel that the market will probably continue to drift a little bit lower. However, the 1.25 level below should continue to be very su ...

GBP/USD Forecast April 3, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 03 April 2015 06:05 UTC
The GBP/USD pair broke down during the session initially on Thursday, but the 1.48 level offered enough support to turn things back around and form a hammer. The hammer of course suggests that we are going to go higher, but ultimately there is enough resistance at the 1.50 level to keep us bearish o ...

EUR/USD Forecast April 3, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 03 April 2015 06:04 UTC
The EUR/USD pair broke higher during the course of the session on Thursday, as we start to test a significant amount of resistance between the 1.09 level and the 1.11 handle. Ultimately, if we get some type of resistive candle in that general vicinity, we will not hesitate to start selling again. We ...

AUD/USD Forecast April 3, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 03 April 2015 06:03 UTC
The AUD/USD pair went back and forth during the day on Thursday, but ultimately formed a nice-looking hammer. This hammer should be a nice buying opportunity if we break to the upside, as it should be a decent bounce just waiting to happen. However, we are very bearish of this market and recognize t ...

USD/JPY Forecast April 2, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 02 April 2015 05:35 UTC
The USD/JPY pair tried to rally during the course of the day on Wednesday, but found far too much in the way of resistance above the 120 level. With that being the case, the market ended up pulling back and formed a shooting star. The shooting star courses negative, but there is plenty of support ju ...

USD/CAD Forecast April 2, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 02 April 2015 05:35 UTC
The USD/CAD pair went back and forth on Wednesday, essentially settling on a relatively neutral candle but did have a little bit of bearishness to it. The market looks as if it’s ready to continue to drop a little bit, probably finding support at the 1.24 handle. We look for supportive candles bel ...

GBP/USD Forecast April 2, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 02 April 2015 05:34 UTC
The GBP/USD pair fell during the course of the session on Wednesday, dipping well below the 1.48 level before finding support. That being the case, we ended up bouncing enough to form a bit of a hammer, and as a result it looks like we could get a little bit more bullish momentum. However, we feel t ...

EUR/USD Forecast April 2, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 02 April 2015 05:33 UTC
The EUR/USD pair initially fell during the course of the day on Wednesday, but found enough support below the 1.0750 level to turn things back around and form a hammer. This is the second hammer in a row, so we think that there is probably a bounce coming. However, this bounce should be a nice selli ...

AUD/USD Forecast April 2, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 02 April 2015 05:33 UTC
The AUD/USD pair fell during the course of the session on Wednesday, testing the 0.76 handle. With that, we feel that the market will continue to go much lower. If we can break down below this handle, we feel that the market should then go down to the 0.75 level, and perhaps lower than that. Any ral ...

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