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Daily Forex Reports


USD/JPY Forecast November 6, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 06 November 2014 08:01 UTC
The USD/JPY pair broke higher during the session on Wednesday, testing the 115 level. This is an area that we anticipate seeing quite a bit of resistance at, based upon the fact that it is a large, round, psychologically significant number. We believe that any pullback at this point in time should b ...

USD/CAD Forecast November 6, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 06 November 2014 07:59 UTC
The USD/CAD pair tried to rally during the course of the day on Wednesday, but ran into too much resistance just below the 1.15 level to turn things back around and form a perfect shooting star. We believe that this pair is still going to be bullish though and that any pullback from here should be a ...

GBP/USD Forecast November 6, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 06 November 2014 07:58 UTC
The GBP/USD pair fell during the bulk of the session on Wednesday, but found enough support below to turn things around and form a hammer. This hammer of course suggests that there is buying pressure below, and as a result we should continue to see buyers step been on a break above the top of the ha ...

EUR/USD Forecast November 6, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 06 November 2014 07:58 UTC
The EUR/USD pair broke down during the course of the day on Wednesday, slicing through the 1.25 handle. Because of this, the market looks like it’s ready to test the lows again, and eventually break down. We believe that the EUR/USD pair will eventually hit the 1.2050 handle, an area that has been ...

AUD/USD Forecast November 6, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 06 November 2014 07:57 UTC
The AUD/USD pair broke down during the session on Wednesday, breaking below the fresh lows and signifying that the market should head down to the 0.85 handle. With that being the case, we are very bearish of the Australian dollar still and believe that it should continue to go much lower. With that ...

GBPUSD Support Turned Resistance (Nov 6, 2014

Daily Forex Reports | by Kate Curtis | Thursday, 06 November 2014 04:45 UTC
GBPUSD has recently broken below a significant support level, a sign that further losses could be in the cards. After dipping close to the 1.5850 minor psychological support, price has pulled up for a retest of the area of interest. The broken support zone lines up with the 38.2% Fibonacci retracem ...

USDCHF Short-Term Retracement (Nov 5, 2014)

Daily Forex Reports | by Kate Curtis | Wednesday, 05 November 2014 06:38 UTC
USDCHF has broken above the resistance at the .9550 minor psychological level and looks prime for a pullback to the Fibonacci levels marked on the 1-hour time frame. The pair appears to be finding support at the 38.2% level, although stochastic hasn’t moved up from the oversold area yet. This sug ...

USD/JPY Forecast November 5, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 05 November 2014 05:01 UTC
The USD/JPY pair went back and forth during the day on Tuesday as we continue to see this market show bullish pressure. With that being the case, the market should continue to go much higher, but we look at short-term pullbacks as potential entry point. We have no interest in shorting this market, w ...

USD/CAD Forecast November 5, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 05 November 2014 05:01 UTC
The USD/CAD pair broke higher during the course of the day on Tuesday, testing the 1.14 level. Because of this, the market looks as if it’s ready to break out and start heading towards the 1.15 handle given enough time, and we believe that the US dollar will continue to strengthen against the Cana ...

GBP/USD Forecast November 5, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 05 November 2014 05:00 UTC
The GBP/USD pair did very little during the course of the day on Tuesday, as we continue to hang about the 1.60 level. This is an area that is significant on the longer-term charts, and as a result we feel that this market should continue to be one that attracts a lot of back and forth type of actio ...

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