Sponsors

Daily Forex Reports


AUD/USD Forecast May 12, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 12 May 2015 08:33 UTC
The AUD/USD pair broke higher during the course of the session on Monday, but remained fairly stagnant overall. With that, the market looks as if there is a significant amount of resistance at the 0.80 level above, and with that we are simply waiting on the sidelines for some type of resistive candl ...

Long-Term Reversal on GBPUSD (May 12, 2015)

Daily Forex Reports | by Kate Curtis | Tuesday, 12 May 2015 08:03 UTC
GBPUSD may be done with its long-term selloff, as the pair formed a reversal pattern on its daily time frame. An inverse head and shoulders can be seen and price is already testing the neckline around the 1.5500 major psychological resistance. A break above this level could confirm that a reversal ...

AUDUSD Symmetrical Triangle (May 11, 2015)

Daily Forex Reports | by Kate Curtis | Monday, 11 May 2015 05:23 UTC
AUDUSD has been creating lower highs and making higher lows, forming a symmetrical triangle forex chart pattern on its 1-hour time frame. At the moment, the pair is testing the triangle support near the .7900 major psychological level and may be due for a breakdown. Stocahstic is moving down, confi ...

USD/JPY Forecast May 11, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Saturday, 09 May 2015 14:18 UTC
The USD/JPY pair went higher during the beginning of the session on Friday, but turned back around to form a bit of a shooting star. However, the market looks as if it is simply grinding away in this general vicinity, as it tends to bounce between the 120.50 level on the top, and the 118.50 level on ...

USD/CAD Forecast May 11, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Saturday, 09 May 2015 14:17 UTC
The USD/CAD pair fell during the course of the day on Friday, but found support at the 1.20 level yet again. The market looks rather sideways, but in the weekly timeframe we have a significant amount of support being shown, as we have a hammer for the weekly candle. Because of this, we feel that the ...

GBP/USD Forecast May 11, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Saturday, 09 May 2015 14:17 UTC
The GBP/USD pair went back and forth during the course of the day on Friday, testing the 1.55 level. That’s an area that has been resistive previously, and it certainly was on Friday. If we can break down below the bottom of this candle though, we feel the market will head back down to the 1.52 le ...

EUR/USD Forecast May 11, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Saturday, 09 May 2015 14:16 UTC
The EUR/USD pair tried to rally on Friday, but as the Nonfarm Payroll numbers came out, the pair fell back down. The resulting candle is a shooting star, and now is sitting on the 1.12 level. This is a sign of weakness, and with the candle we think this pair could drop back to the 1.10 level as ther ...

AUD/USD Forecast May 11, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Saturday, 09 May 2015 14:15 UTC
The AUD/USD pair had a positive session on Friday, but found the area around the 0.80 level to be resistive yet again. Because of this, the market looks as if it is going to test this area yet again. However, we need to point out that the market fell just below the shooting star from previous attemp ...

EURUSD Ascending Trend Forming (May 8, 2015)

Daily Forex Reports | by Kate Curtis | Friday, 08 May 2015 06:16 UTC
EURUSD could be ready to make another bounce, as the pair is creating an ascending trend line on its 1-hour forex chart. Price just jumped to the 1.1400 handle recently before retreating towards support around the 1.1250 minor psychological level.   This area lines up with a broken resistance lev ...

USD/JPY Forecast May 8, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 08 May 2015 05:26 UTC
The USD/JPY pair initially fell during the session on Thursday, but found enough support below to turn things back around and form a hammer. Does this, the market looks as if it is ready to continue going higher but we have nonfarm payroll numbers coming out during the session on Friday, which of co ...

Recommended Forex Trading Platforms

Forex Trading We know that the right opportunity can happen at anytime, anywhere. Saxo Capital Markets is committed to giving you a suite of platforms that will enable you to access your account and trade the markets whenever and wherever you want.

Sponsors

Subscribe to Newsletter

To receive alerts by email when Free Forex Analysis are updated. Enter your email address below.