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Daily Forex Reports


USD/CAD Forecast September 8, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Saturday, 06 September 2014 10:08 UTC
The USD/CAD pair fell initially during the session on Friday, but as you can see formed a hammer. With the US employment numbers coming out a bit on the light side, we did of course see this market show some weakness. However, we ultimately saw the market turned back around by the fact that the Cana ...

GBP/USD Forecast September 8, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Saturday, 06 September 2014 10:07 UTC
The GBP/USD pair broke higher during the course of the day on Friday, after falling significantly on Thursday. That being the case, the 1.63 level offered enough support in order to turn things back around for the day at least, but we believe that this is more or less a “dead cat bounce” at this ...

EUR/USD Forecast September 8, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Saturday, 06 September 2014 10:06 UTC
The EUR/USD pair initially tried to rally during the session on Friday, but found the 1.30 level to be far too resistive. In the end, we ended up forming a shooting star, which of course suggests that the market goes much lower. With that, we feel that selling this market is the only thing that can ...

AUD/USD Forecast September 8, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Saturday, 06 September 2014 10:05 UTC
The AUD/USD pair broke higher during the course of the session on Friday, and even broke above the top of the shooting star from Thursday. That being the case, the market looks as if it is trying to break out to the upside and head to the 0.9450 level, but that level will more than likely keep the m ...

USDJPY Stalling At Key Resistance (Sept 5, 2014)

Daily Forex Reports | by Kate Curtis | Friday, 05 September 2014 06:59 UTC
USDJPY has staged strong gains in the past few days yet it appears to be stalling at a major resistance zone. Price is moving around the 105.50 area, which lines up with the previous year highs and a long-term support zone broken in the past years. This also lines up with the 61.8% Fibonacci retrace ...

USD/JPY Forecast September 5, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 05 September 2014 06:41 UTC
The USD/JPY pair rose during the course of the day on Thursday, hanging about the 105 level. With today being the nonfarm payroll announcement, it’s likely that there will be quite a bit of volatility in this pair. This pair tends to rise with employment numbers out of the United States, so the be ...

USD/CAD Forecast September 5, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 05 September 2014 06:40 UTC
The USD/CAD pair had a fairly negative session but bounced enough at the end of the day on Thursday to form a nice-looking hammer. However, with today been nonfarm payroll number in the United States, and Canadian employment numbers coming out at the same time, this market could be the place to be. ...

GBP/USD Forecast September 5, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 05 September 2014 06:39 UTC
GBP/USD fell during the course of the day on Thursday, breaking down significantly. In fact, we are already testing the 1.63 handle, and as a result we feel that the market will continue to sell off and probably aim for the 1.60 handle, giving traders an opportunity to sell this market again and aga ...

EUR/USD Forecast September 5, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 05 September 2014 06:38 UTC
The EUR/USD pair fell hard during the session on Thursday as the European Central Bank surprised that the markets with a slight rate cut. With that, the market looks as if it is going to continue selling, as the length of the candle is pretty drastic. On top of that, we broke below the 1.30 level, a ...

AUD/USD Forecast September 5, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 05 September 2014 06:38 UTC
The AUD/USD pair tried to rally significantly during the session on Thursday but failed. The pullback ended up forming a shooting star, and as a result it looks like the market wants to stay within the consolidation area. However, today is nonfarm payroll, and as a result it’s likely that this mar ...

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