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Daily Forex Reports


GBP/USD Forecast July 18, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 18 July 2014 07:34 UTC
GBP/USD fell during the session on Thursday, testing the 1.71 level. This area continues to be somewhat supportive though, and as a result we feel that the market should continue to bounce from here and head to the 1.72 handle. Getting above the 1.72 level would be reason enough for the market to he ...

EUR/USD Forecast July 18, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 18 July 2014 07:34 UTC
The EUR/USD pair went back and forth during the session on Thursday, showing that the 1.35 level would of course continue to be supportive. With this being the case, the market feels as if it’s ready to bounce from here, and then could head back towards the top of the consolidation area at the 1.3 ...

AUD/USD Forecast July 18, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 18 July 2014 07:33 UTC
The AUD/USD pair tried to rally during the course of the session on Thursday, but as you can see pulled back to form a shooting star. The shooting star was preceded by a hammer, and we do see a significant amount of support just below as well. Because of this, the market looks as if it’s a bit con ...

USD/JPY Forecast July 16, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 16 July 2014 07:05 UTC
The USD/JPY pair broke higher during the session on Tuesday, after initially dipping. However, we are closer to the bottom of the consolidation area them the top, so it makes sense that we would continue to see buyers stepping into this market as they perceive it as being “value.” That being the ...

USD/CAD Forecast July 16, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 16 July 2014 07:04 UTC
The USD/CAD pair broke higher during the session on Tuesday, and even broke the top of the shooting star from the Monday session, and obviously bullish sign. We like this pair now that we have proven the trend line to continue to be supportive from the longer-term move out, and now we believe that t ...

GBP/USD Forecast July 16, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 16 July 2014 07:03 UTC
The GBP/USD pair broke higher during the session on Tuesday, but could not clear the 1.72 level that we have been looking for in order to start buying again. Because of this, we are still on the sidelines of this pair, but recognize that the move is likely to happen sooner or later. After all, this ...

EUR/USD Forecast July 16, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 16 July 2014 07:02 UTC
The EUR/USD pair fell during the session on Tuesday, breaking below the lows from the past couple of weeks. However, we see a significant support region at the 1.35 handle, so we are simply waiting to see this market will test that area and find buyers. With that, we would be very interested in goin ...

AUD/USD Forecast July 16, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 16 July 2014 07:02 UTC
The AUD/USD as you can see fell during the session on Tuesday, only to turn back around and form a hammer. Because of this, it looks like the market is still trying to build up enough momentum to break out to the upside, and clear the 0.95 handle. Above there, this becomes a “buy-and-hold” type ...

USD/JPY Forecast July 15, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 15 July 2014 06:13 UTC
The USD/JPY pair rose during the course of the session on Monday, as we continue to bounce around in this consolidation area. Because of this, we feel that the market will ultimately go to the 102.50 level. Because of this, we feel that the market should continue to be one that you can buy on dips, ...

USD/CAD Forecast July 15, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 15 July 2014 06:13 UTC
The USD/CAD pair broke higher initially during the session on Monday, but then turned back around in order to form a little bit of a shooting star, as the market looks like it’s ready to continue to burn and churn down here. That being the case, a supportive candle below and still above the uptren ...

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