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Daily Forex Reports


EUR/USD Forecast August 18, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Saturday, 16 August 2014 12:15 UTC
The EUR/USD pair rose during the course of the day on Friday, but as you can see we stopped just below the 1.34 level again. However, the weekly candle for the third week in a row is a hammer, so we feel that a move to the 1.35 level is very likely. We think that the sellers are starting to lose mom ...

AUD/USD Forecast August 18, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Saturday, 16 August 2014 12:15 UTC
The AUD/USD pair fell initially during the session on Friday, but as you can see found a little bit of support at the 0.93 handle, thereby forming a hammer. We believe that the market is trying to break out to the upside, and ultimately we should head to the 0.9450 level. Most certainly, there is a ...

China slams on the breaks – Paxforex

Daily Forex Reports | by Paxforex | Friday, 15 August 2014 10:18 UTC
The Chinese government, currently trying to manage an economic slowdown in the country, is not following the ill-advised short-term approach to fiscal easing amidst what some refer to as a mild economic crisis with ripple effect throughout the global economy. China is the world’s third largest eco ...

Forex Major Currencies Outlook (August 15, 2014)

Daily Forex Reports | by Kate Curtis | Friday, 15 August 2014 08:45 UTC
USD The US dollar had a mixed performance as it advanced to the euro but gave up some of its gains against the comdolls then consolidated to the pound. Data from the US simply came in line with expectations, as the initial jobless claims landed at 311K while import prices marked a 0.2% decline as e ...

EURUSD Symmetrical Triangle Pattern (August 15, 2014)

Daily Forex Reports | by Kate Curtis | Friday, 15 August 2014 08:44 UTC
EURUSD has been consolidating tightly, as the pair made lower highs and higher lows, forming a symmetrical triangle pattern on its 1-hour time frame. Price is currently testing the bottom of the formation while stochastic is moving out of the oversold zone, indicating that a bounce might take place. ...

USD/JPY Forecast August 15, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 15 August 2014 05:48 UTC
The USD/JPY pair initially rallied during the session, but pulled back in order to form a shooting star. The shooting star of course suggests that the market is ready to continue to drop from here, and perhaps find more supportive action below. We still think that ultimately this market heads to the ...

USD/CAD Forecast August 15, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 15 August 2014 05:47 UTC
The USD/CAD pair initially fell during the course of the day on Thursday, but found enough support at the 1.09 level to turn things back around and form a hammer. This hammer of course suggests that the market is ready to go higher again, and it is with the overall trend so we do like the idea of bu ...

GBP/USD Forecast August 15, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 15 August 2014 05:46 UTC
The GBP/USD pair fell during the session on Thursday, but found enough support at the 1.6650 level to bounce and form a hammer. This hammer should signal a bounce to the 1.68 level. The area will feature a lot of selling and as a result we are hesitant to start buying at this point. However, if we b ...

EUR/USD Forecast August 15, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 15 August 2014 05:46 UTC
The EUR/USD pair went back and forth during the day on Thursday, but formed a shooting star yet again. Every time this market rallies, the sellers step been to push it back down. With that, if we break down below the 1.33 level we believe that the market should head down to the 1.30 area. The 1.34 l ...

AUD/USD Forecast August 15, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 15 August 2014 05:45 UTC
AUD/USD initially fell during the course of the day on Thursday, but found enough support just below the 0.93 level to turn things back around and form a bit of a hammer. If we can break the top of the hammer, we feel that this market could go a bit higher, but there’s also resistance at the 0.935 ...

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