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Daily Forex Reports


EUR/USD Forecast September 17, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 17 September 2014 06:01 UTC
The EUR/USD pair broke higher during the course of the day on Tuesday, but found the 1.30 level to be far too resistive. That area has offered far too much in the way of pressure to keep the market going higher, and as a result we feel that the market is simply sitting in this general vicinity waiti ...

AUD/USD Forecast September 17, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 17 September 2014 06:01 UTC
The AUD/USD pair initially fell during the course of the day on Tuesday, but found the 0.90 level to be supportive enough to bounce significantly. With that, we crashed into the 0.91 handle for resistance, and look as if we are ready to continue going to the 0.92 level. Pullbacks on short-term chart ...

GBPUSD Major Market Correction (Sept 17, 2014)

Daily Forex Reports | by Kate Curtis | Wednesday, 17 September 2014 05:33 UTC
GBPUSD is taking a break from its recent selloff as the pair found support at a long-term area of interest. The daily chart shows price stalling at the 38.2% Fibonacci retracement level, which lines up with a former resistance zone. Stochastic is also confirming this potential pickup in buying pres ...

AUDUSD Potential Correction (Sept 16, 2014)

Daily Forex Reports | by Kate Curtis | Tuesday, 16 September 2014 07:49 UTC
AUDUSD has been on a strong downtrend since the start of the month but may be due for a quick correction after gapping down early this trading week. Price dipped below the .9000 major psychological level and could pull up to the .9100 mark before heading further south. MACD is reflecting a pickup i ...

USD/JPY Forecast September 16, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 16 September 2014 05:39 UTC
The USD/JPY pair fell during the course of the day on Monday, but found a bit of support at the 107 level. Once we got that support, we ended up bouncing enough to form a hammer. This market is very bullish in general, and as a result we are only buying this market, and have no chance whatsoever to ...

USD/CAD Forecast September 16, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 16 September 2014 05:38 UTC
The USD/CAD pair fell hard during the session on Monday, but remains well above the 1.10 level. That level was the scene of a break out, and we feel that this market will more than likely try to retest that area for support. With that, we feel that the market will more than likely continue to go hig ...

GBP/USD Forecast September 16, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 16 September 2014 05:37 UTC
The GBP/USD pair fell slightly during the session on Monday, as the gap continues to push the market a little bit lower. However, if we can get above the 1.63 level, we feel that this market will shoot towards the 1.65 handle. With that being the case, on a move above there we are more than willing ...

EUR/USD Forecast September 16, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 16 September 2014 05:37 UTC
The EUR/USD pair fell during most of the day on Monday, but as you can see bounced enough to form a hammer. Because of this, we feel that the market is going to try to break out above the 1.30 level, an area that is significantly resistant. If we can get above there, we believe that this market will ...

AUD/USD Forecast September 16, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 16 September 2014 05:36 UTC
The AUD/USD pair went back and forth during the course of the day on Monday, showing the 0.90 level to be supportive though, which of course is very important as far as we can see. The fact that we covered the range of the gap during the session suggests to us that if we can managed to break the top ...

GBPUSD Long-Term Support (Sept 15, 2014)

Daily Forex Reports | by Kate Curtis | Monday, 15 September 2014 07:36 UTC
GBPUSD is currently testing a key area of interest as seen on its daily time frame, which could mean that the recent selloff could reverse. Stochastic is starting to move up from the oversold zone, indicating that selling pressure is exhausted.   A rally could take GBPUSD back up to its previous ...

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