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Daily Forex Reports


EUR/USD Forecast October 13, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Saturday, 11 October 2014 12:30 UTC
The EUR/USD pair fell during the course of the day on Friday, continuing the bearish pressure that we have seen for quite some time. The market tested the 1.26 level for support, and did find a slight amount. However, the market certainly seems to be bearish overall, so we are not concerned of the s ...

AUD/USD Forecast October 13, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Saturday, 11 October 2014 12:29 UTC
The AUD/USD pair fell during the session on Friday, heading back towards the 0.8650 level. That area offered support last time, and if we can break below there we feel that this market will then head to the 0.85 handle. Gold markets aren’t helping much, and as a result we feel that it’s only a m ...

Canadian Employment Report – Paxforex

Daily Forex Reports | by Paxforex | Friday, 10 October 2014 15:13 UTC
Forex traders received the Canadian Employment Report for September roughly 30 minutes ago. The data was much stronger than expected, but the Canadian Dollar did not rally as strong as one would have imagined despite a rock solid employment report. The Canadian Dollar has experienced a long period o ...

USD/JPY Forecast October 10, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 10 October 2014 08:14 UTC
The USD/JPY pair went back and forth during the course of the day on Thursday, forming a fairly neutral candle just below the 108 level. Because of this, we feel that this market could very well bounce from here, but it could be a bit of a struggle as well as there is certainly the need for a rest a ...

USD/CAD Forecast October 10, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 10 October 2014 08:13 UTC
The USD/CAD pair rose during the course of the day on Wednesday, bouncing off the 1.11 level. This of course is a very positive sign, as the market continues to find support every time it falls. With the Canadian Employment numbers coming out later today, this market could get a little bit more dire ...

GBP/USD Forecast October 10, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 10 October 2014 08:13 UTC
The GBP/USD pair tried to rally during the course of the session on Thursday, but failed to hang onto the gains and turned back around to form a negative candle. With this, we think that the bearish pressure will continue on the British pound, and that it’s only a matter of time before we head bac ...

EUR/USD Forecast October 10, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 10 October 2014 08:12 UTC
The EUR/USD pair initially rallied during the course of the day on Thursday, testing the 1.28 resistance barrier. We eventually sold off from there, and then turned back around to form a very negative looking candle. Because of this, we believe that a break below the bottom of the range for the Thur ...

AUD/USD Forecast October 10, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 10 October 2014 08:11 UTC
The AUD/USD pair fell during the course of the day on Thursday, slicing back below the 0.88 handle, showing just how hard it is for the Australian dollar to pick up any serious traction to the upside. With that, we feel that this market probably continues to drift lower but in a fairly choppy manner ...

GBPNZD Retracement Play (Oct 10, 2014)

Daily Forex Reports | by Kate Curtis | Friday, 10 October 2014 03:11 UTC
GBPNZD has been on a strong uptrend in the past few weeks, as diverging monetary policy biases have driven the pair to the 2.1000 levels. A correction is taking place, with the pair pulling back to the Fibonacci levels on the 4-hour chart. The 38.2% Fibonacci level lines up with the 100 simple movi ...

EURUSD Major Correction (Oct 9, 2014)

Daily Forex Reports | by Kate Curtis | Thursday, 09 October 2014 04:50 UTC
EURUSD seems to have capped off its selloff, as price is now retreating from the 1.2500 levels to the 1.2700 area. The pair got a boost from a dovish FOMC minutes, which indicated that the Fed isn’t likely to hike interest rates early next year. A pullback could take EURUSD up to the previous sup ...

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