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Daily Forex Reports


GBP/USD Forecast August 10, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Saturday, 08 August 2015 14:34 UTC
The GBP/USD pair fell during most of the session on Friday, but did bounce off of the uptrend line that is just below. With this, the market should find buyers on a break above the top of the hammer, which would be a buying opportunity heading towards the 1.57 level. We believe that this market cont ...

EUR/USD Forecast August 10, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Saturday, 08 August 2015 14:34 UTC
The EUR/USD pair initially fell during the course of the session on Friday, but after the Nonfarm Payroll Numbers came out, the market then turned back around and reach towards the 1.10 level. Because of this, we ended up forming a bit of a hammer. We think that this market will more than likely con ...

AUD/USD Forecast August 10, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Saturday, 08 August 2015 14:32 UTC
The AUD/USD pair initially pulled back during the course of the session on Friday but then shot higher towards the 0.74 handle. By forming this hammer, and looks as if the market is ready to continue going higher, but the 0.75 level above should be massively resistive. At this point in time we are s ...

GBPUSD Triangle Breakout (Aug 7, 2015)

Daily Forex Reports | by Kate Curtis | Friday, 07 August 2015 06:37 UTC
GBPUSD broke below the ascending triangle support on its 4-hour chart, signaling that price is in for more declines. The chart pattern is around 300 pips in height so the resulting selloff could last by the same amount. Stochastic is on the move down, confirming that sellers are in control of price ...

GBPUSD Super Thursday Consolidation (Aug 6, 2015)

Daily Forex Reports | by Kate Curtis | Thursday, 06 August 2015 08:08 UTC
GBPUSD is consolidating inside an ascending triangle pattern on its 4-hour chart ahead of today’s event risks. Price just bounced off the bottom of the formation and may be due for another test of resistance around the 1.5650 minor psychological mark or even an upside break. Stochastic is still o ...

USD/JPY Forecast August 6, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 06 August 2015 06:24 UTC
The USD/JPY pair initially fell during the course of the session on Wednesday, but found enough support below to turn things back around and slammed into the 125 handle. If we can get above this area, we feel that this market should go much higher, and with a Nonfarm Payroll Numbers coming out on Fr ...

USD/CAD Forecast August 6, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 06 August 2015 06:23 UTC
The USD/CAD pair initially fell during the course of the session on Wednesday, but just as a bit on Tuesday, the buyers came back into the marketplace to push this market higher. With this, we feel that the market does break out to the upside given enough time, and with the oil markets falling it ma ...

GBP/USD Forecast August 6, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 06 August 2015 06:22 UTC
The GBP/USD pair broke higher during the course of the session on Wednesday, but as you can see remains well within the consolidation area that we’ve seen for some time. We believe that the 1.55 level below is supportive, just as the 1.57 level above is resistance. Keep in mind that the Bank of En ...

EUR/USD Forecast August 6, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 06 August 2015 06:22 UTC
The EUR/USD pair rose slightly during the course of the session on Wednesday, but quite frankly we are simply consolidating at the moment. We believe that the 1.08 level on the bottom is the support, while the 1.12 level on the top is the ultimate resistance. In the meantime, with Nonfarm Payroll Nu ...

AUD/USD Forecast August 6, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 06 August 2015 06:21 UTC
The AUD/USD pair went back and forth during the course of the day on Wednesday, essentially settling nothing. However, it appears that the market is not willing to put a lot of faith into the Australian dollar, as the recent surge after the rate statement really hasn’t produced much in the way of ...

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