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Daily Forex Reports


EUR/USD Forecast April 7, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Monday, 07 April 2014 01:00 UTC
The EUR/USD pair fell during the session on Friday, but bounce back above the 1.37 level in order to form a nice hammer. This hammer of course is a bullish sign, but it appears that the euro is and quite ready to break down now because of it. On a break of the top of the hammer, we are buyers and ai ...

AUD/USD Forecast April 7, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Monday, 07 April 2014 01:00 UTC
The AUD/USD pair rose during the session on Friday, breaking above the 0.9250 handle. Because of this, it appears the market is in fact going to try and go higher, so a break of the highs for the session on Friday is enough to get us to start buying. On top of that, we have the gold markets take off ...

USD/JPY Forecast April 4, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 04 April 2014 09:58 UTC
The USD/JPY pair tried to rally during the session on Thursday, but as you can see lost most of the gains by the time we closed at the end of the day. The 104 level proved to be rather resistive, so the fact that we pullback and formed a shooting star suggests that we are in fact going to see some t ...

USD/CAD Forecast April 4, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 04 April 2014 09:56 UTC
The USD/CAD pair fell during a majority the session on Thursday, but as you can see bounced off of the 1.10 level yet again in order to prove it to be very supportive. We feel that the support runs all the way down to the 1.09 level, and that the market will continue to find support in that general ...

GBP/USD Forecast April 4, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 04 April 2014 09:55 UTC
The GBP/USD pair had a pretty volatile session on Thursday, but ultimately settled on selling off for the day. This market looks like it’s trying to continue to go lower, perhaps trying to reach the 1.65 level. That level should be rather supportive though, and going forward we feel that buyers wi ...

EUR/USD Forecast April 4, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 04 April 2014 09:53 UTC
The EUR/USD pair initially try to rally during the session on Thursday, but fell hard enough to slam back into the 1.37 level. That area has been supportive several times now, and as a result we think it’s a natural place for this market to sit still before the nonfarm payroll numbers come out, bu ...

AUD/USD Forecast April 4, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 04 April 2014 09:52 UTC
The AUD/USD pair fell during most of the session on Thursday, but found enough support to turn things back around and form a hammer. They hammer of course is a sign of bullishness, but we can some resistance in the same general area as well. Because of this, we feel that this market will more than l ...

Watching USD/JPY’s Channel During the NFP (April 4, 2014)

Daily Forex Reports | by Kate Curtis | Friday, 04 April 2014 08:36 UTC
USD/JPY is testing a key resistance level at the 104.00 major psychological mark prior to the release of the US non-farm payrolls figure today. Analysts are expecting to see a 200K increase in hiring, higher than the previous 175K figure and enough to bring the jobless rate from 6.7% to 6.6%. A wea ...

AUD/USD Double Top Pattern (April 3, 2014)

Daily Forex Reports | by Kate Curtis | Thursday, 03 April 2014 06:29 UTC
AUD/USD has formed a reversal pattern on its 1-hour time frame, indicating that the uptrend may be over and that a selloff is ready to take place. The pair is still testing the neckline around the .9225 level though before confirming the potential downtrend. Stochastic is pointing do ...

NFP Report Less Than 48 Hours Away – Paxforex

Daily Forex Reports | by Paxforex | Wednesday, 02 April 2014 16:03 UTC
The non-farm payroll report or NFP report will be released in less than 48hours and many market participants look forward to this report in order to guide them through the rest of the trading month. January’s report disappointed the markets severely while February’s report offer a slight upside ...

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