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Daily Forex Reports


AUD/USD Forecast April 15, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 15 April 2016 08:50 UTC
The AUD/USD pair rose during the course of the day on Thursday, as we continue to try to grind higher. The 0.80 level above is the target for the longer term as far as we can tell, and we believe the pullbacks will be buying opportunities again and again on short-term charts. The gold markets of cou ...

USD/JPY Forecast April 14, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 14 April 2016 09:12 UTC
The USD/JPY pair rose during the course of the session on Wednesday, as we continue to reach towards the 110 level. The 110 level was previously massively supportive, so it should be massively resistive now. With this, if we find a resistive candle somewhere near the 110 level, it’s likely that th ...

USD/CAD Forecast April 14, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 14 April 2016 09:11 UTC
The USD/CAD pair rose slightly during the course of the session on Wednesday, but still seems to be hanging about the 1.28 handle. With this being the case, it’s very unlikely that the buyers can come in and push this market in the short-term. The 1.30 level is of course very important, so as long ...

GBP/USD Forecast April 14, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 14 April 2016 09:10 UTC
The GBP/USD pair fell during the course of the day on Wednesday, showing that we are starting to roll over a little bit in this pair as we continue to make lower highs. With this being the case, we will more than likely try to reach back towards the 1.40 level below, which has been the bottom of the ...

EUR/USD Forecast April 14, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 14 April 2016 09:09 UTC
The EUR/USD pair fell rather hard during the course of the day on Wednesday, breaking below the 1.13 level. With this, looks as if the market will probably continue to try to grind lower for the short-term, but we need to wait to see whether or not we get supportive action between here and the 1.12 ...

AUD/USD Forecast April 14, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 14 April 2016 09:08 UTC
The AUD/USD pair fell slightly during the course of the day on Wednesday, but at this point in time it looks like we continue to grind higher over the longer term. Any pullback at this point in time should be supported, and we believe that the absolute floor in the market is near the 0.75 level. Tha ...

GBPNZD Downtrend Pullback (Apr 14, 2016)

Daily Forex Reports | by Kate Curtis | Thursday, 14 April 2016 04:51 UTC
GBPNZD has been trending lower on its 1-hour time frame, with a descending trend line connecting the latest highs of price action. The pair bounced off the 2.1000 major psychological mark and might be due for a pullback to the falling resistance area.  Using the Fib tool on the latest swing high a ...

USDCAD Countertrend Setup (Apr 13, 2016)

Daily Forex Reports | by Kate Curtis | Wednesday, 13 April 2016 02:18 UTC
USDCAD has been trending lower, moving inside a descending channel pattern on its 4-hour time frame. Price is now making its way close to the channel support near the 1.2700-1.2750 and might be due for a bounce.  If so, USDCAD could climb back up to the channel resistance around 1.3000-1.3050. Thi ...

USD/JPY Forecast April 12, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 12 April 2016 10:28 UTC
The USD/JPY pair initially tried to rally during the course of the session on Monday, but we turn right back around to form a bit of a shooting star. This suggests that we are going to go lower, and a break below the bottom of the range for the day would be reason enough to start selling as the mark ...

USD/CAD Forecast April 12, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 12 April 2016 10:28 UTC
The USD/CAD pair broke down during the course of the day on Monday, clearing the bottom of the trend line that had been keeping this market somewhat afloat. Having said this, we have not made a fresh, new low yet, so we are waiting to see whether or not we can break down below the bottom of the hamm ...

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