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Daily Forex Reports


USD/JPY Forecast June 14, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 14 June 2016 09:40 UTC
The USD/JPY pair initially fell during the course of the session on Monday, but found enough support at the 106 level to turn things around and form a nice-looking hammer. If we can break above the top of the hammer, that would be a very bullish sign and we could see the market reach towards the 108 ...

USD/CAD Forecast June 14, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 14 June 2016 09:39 UTC
The USD/CAD pair initially tried to rally during the course of the Monday session, but turned back around to form a bit of a shooting star. Ultimately, the market looks as if it is going to try to grind lower but there will be a lot of volatility due to the oil markets moving around so rapidly. If w ...

GBP/USD Forecast June 14, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 14 June 2016 09:32 UTC
The GBP/USD pair went back and forth during the course of the day on Monday, but ended up forming a shooting star more than anything else. With this being the case, it looks as if we could break down a bit from here, but at this point in time it’s going to be very difficult to trade the British po ...

EUR/USD Forecast June 14, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 14 June 2016 09:31 UTC
The EUR/USD pair broke higher during the day on Monday, testing the 1.13 level for resistance. Ultimately, the market has been rather impulsive to the upside previously, so if we can break above the top of the candle for the session on Monday, we can reach towards the 1.14 handle above. If we can br ...

AUD/USD Forecast June 14, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 14 June 2016 09:30 UTC
The AUD/USD pair rallied during the course of the session on Monday, but turned back around to form a bit of a shooting star. However, I do see quite a bit of noise just below, so I’m not necessarily interested in selling. If we can break above the top of the shooting star during the course of the ...

EURJPY Correction Setup (June 14, 2016)

Daily Forex Reports | by Kate Curtis | Tuesday, 14 June 2016 05:13 UTC
EURJPY recently made a strong break below support around the 121.50 minor psychological level then dipped close to 119.00. Price seems to be making a pullback from here, offering an opportunity to for sellers to catch the drop at higher levels. Using the Fib tool on the latest swing high and low s ...

NZDUSD Countertrend Play (June 13, 2016)

Daily Forex Reports | by Kate Curtis | Monday, 13 June 2016 05:26 UTC
NZDUSD has been trading inside a long-term rising channel visible on its daily chart. Price is currently testing the resistance and might be due for a selloff towards support.  Stochastic is indicating overbought conditions so buyers might need to take a break and let sellers take over from here. ...

USD/JPY Forecast June 13, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Saturday, 11 June 2016 07:51 UTC
The USD/JPY pair initially fell during the day on Friday but turned right back around to form a hammer. The hammer of course is a bullish sign, which of course was preceded by a hammer on Thursday as well. Ultimately, if we can break out above the shooting star from a handful of sessions ago, we cou ...

USD/CAD Forecast June 13, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Saturday, 11 June 2016 07:50 UTC
The USD/CAD pair initially fell during the course of the session on Friday, but turn right back around to form a hammer. The hammer of course is a bullish sign so we could get a bit of a bounce at this point in time. On top of that, the oil markets did form a bit of a shooting star for the weekly ca ...

GBP/USD Forecast June 13, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Saturday, 11 June 2016 07:50 UTC
The GBP/USD pair fell significantly during the course of the day on Friday, testing the bottom of the recent consolidation area. If we can break down below the bottom of the range for the Friday session, we could continue to go much lower, probably reaching down to the 1.41 level next. A supportive ...

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