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Daily Forex Reports


GBP/USD Forecast July 13, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 13 July 2016 06:20 UTC
This market is very bullish, at least in the short-term. However, I do see a lot of noise at the 1.35 level that could cause quite a bit of trouble, extending all the way to at least the 1.3650 level. In other words, even if we do break to the upside, we need to get above the aforementioned 1.3650 l ...

EUR/USD Forecast July 13, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 13 July 2016 06:20 UTC
The EUR/USD pair broke to the upside during the day on Tuesday, but turn right back around to form a bit of a shooting star. With this, I believe that the market will continue to favor selling opportunities on short-term moves, and eventually we could break down below the 1.10 level, because the lar ...

AUD/USD Forecast July 13, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 13 July 2016 06:18 UTC
The AUD/USD pair broke out to the upside during the course the day on Tuesday, forming a very strong candle as we crashed into the 0.7650 level. Because of this, if we continue to go higher and break above the top of the candle for the Tuesday session, I believe that we will continue to see bullish ...

AUDJPY Retracement Setup (July 13, 2016)

Daily Forex Reports | by Kate Curtis | Wednesday, 13 July 2016 03:23 UTC
AUDJPY has been on such a strong rally these days but a correction might be due. Price appears to have hit a ceiling at the 80.00 major psychological level and could make a pullback to the Fib levels on the 1-hour time frame. In particular, the 61.8% Fibonacci retracement level could serve as stron ...

USD/JPY Forecast July 12, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 12 July 2016 08:19 UTC
The USD/JPY pair broke higher during the course of the day on Monday, as the Japanese got an opportunity to react to the better than anticipated jobs number out of America. The 103 level above will be resistive though, so having said that it would not be surprising to see a little bit of a pullback. ...

USD/CAD Forecast July 12, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 12 July 2016 08:18 UTC
The USD/CAD pair broke higher during the day on Monday, as we continue to see bullish pressure in this market. Oil markets look a little bit soft at this point in time, and as a result I believe that the Canadian dollar will continue to soften as well. If we can break above the 1.32 level, I feel th ...

GBP/USD Forecast July 12, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 12 July 2016 08:17 UTC
The British pound fell during the day but did end up bouncing on Monday in order to form a bit of a hammer. The hammer sits just below the 1.30 level, an area of interest obviously as it is a large, round, psychologically significant number. Any bounce at this point in time should be a nice selling ...

EUR/USD Forecast July 12, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 12 July 2016 08:16 UTC
The EUR/USD pair initially fell during the day on Monday, but then turn right back around to form a hammer. With this being the case, the market looks as if it is ready to grind away in this general vicinity, perhaps bouncing between the 1.12 level on the top, and the 1.10 level on the bottom. Ultim ...

AUD/USD Forecast July 12, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 12 July 2016 08:15 UTC
The AUD/USD pair initially tried to rally but then turn right back around during the day on Monday to turn back around and reach towards the 0.75 level. Any type of supportive candle in this general vicinity should be a potential buying opportunity, and I also see that there is quite a bit of suppor ...

EURNZD Descending Channel (July 12, 2016)

Daily Forex Reports | by Kate Curtis | Tuesday, 12 July 2016 03:40 UTC
EURNZD is in the middle of pulling back up to the descending channel resistance visible on its 4-hour time frame. Using the Fib tool on the latest swing high and low shows that the 61.8% retracement level lines up with a former support area around the 1.5400 major psychological level and the top of ...

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