Sponsors

Daily Forex Reports


USDCAD Trend Line Pullback (Jan 22, 2016)

Daily Forex Reports | by Kate Curtis | Friday, 22 January 2016 03:33 UTC
USDCAD has been trending higher on its long-term time frames, with the recent selloff offering an opportunity to catch the uptrend. On the 4-hour time frame, an ascending trend line can be drawn to connect the recent lows of price action.  Using the Fib tool on the latest swing low and high on the ...

USD/JPY Forecast January 21, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 21 January 2016 07:02 UTC
The USD/JPY pair broke down during the course of the session on Wednesday, testing the 116 handle. This is an area that offered a little bit of a bounce, but quite frankly we see more support down at the 115 handle, and therefore believe that it is probably going to be the real target. Given enough ...

USD/CAD Forecast January 21, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 21 January 2016 07:01 UTC
The USD/CAD pair fell initially during the day on Wednesday, but found enough support at the 1.45 level to turn things around and form a hammer. We had a Bank of Canada interest-rate announcement and policy statement during the day, and as a result there was quite a bit of volatility. However, the u ...

GBP/USD Forecast January 21, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 21 January 2016 07:00 UTC
The GBP/USD pair had a slightly positive session on Wednesday, as the 1.42 level continues to attract a lot of attention in this market. At this point, we think that any rally should end up being a selling opportunity, because quite frankly this is such a bearish market. We like selling exhaustive c ...

EUR/USD Forecast January 21, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 21 January 2016 06:59 UTC
The EUR/USD pair initially fell during the course of the day on Wednesday, but found enough buying pressure underneath to turn things back around and form a bit of a hammer. The hammer of course is a bullish sign and as a result it’s likely that the buyers may step into this market. However, keep ...

AUD/USD Forecast January 21, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 21 January 2016 06:58 UTC
The AUD/USD pair fell during the day on Wednesday, but bounced off of the lows again, and therefore ended up forming a hammer. The hammer of course is a bullish sign, and as a result we could get a bit of a bounce from here. Nonetheless, we recognize that we are in a very negative market, and theref ...

GBPJPY Retracement Setup (Jan 21, 2016)

Daily Forex Reports | by Kate Curtis | Thursday, 21 January 2016 03:53 UTC
GBPJPY has been trending lower recently, moving below a descending trend line connecting the recent highs of price action. Price just broke below an area of interest at 166.50 then dipped to a low of 164.00 before pulling back.  Using the Fib tool on the latest swing high and low shows that the 50 ...

USD/JPY Forecast January 20, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 20 January 2016 06:00 UTC
The USD/JPY pair initially rose during the course of the session on Tuesday, but turned back around as the 118 level offered enough resistance to turn this market around and form a shooting star. The shooting star of course is a fairly negative candle, so on a break down below the bottom of that we ...

USD/CAD Forecast January 20, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 20 January 2016 05:59 UTC
The USD/CAD pair fell initially during the day on Tuesday but found enough support below the 1.45 level to turn things back around and form a bit of a hammer. The hammer of course is a very bullish sign, and as a result it looks as if the market will continue to try to go higher. This is interesting ...

GBP/USD Forecast January 20, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 20 January 2016 05:58 UTC
The GBP/USD pair initially tried to rally during the course of the day on Tuesday, but turned back around and fall significantly. We still believe that this market is going to eventually reach towards the 1.40 level, and with that being the case we are sellers of short-term rallies as the market see ...

Recommended Forex Trading Platforms

Forex Trading We know that the right opportunity can happen at anytime, anywhere. Saxo Capital Markets is committed to giving you a suite of platforms that will enable you to access your account and trade the markets whenever and wherever you want.

Sponsors

Subscribe to Newsletter

To receive alerts by email when Free Forex Analysis are updated. Enter your email address below.