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Daily Forex Reports


EUR/USD Forecast February 16, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Saturday, 14 February 2015 06:12 UTC
The EUR/USD pair fell slightly during the session on Friday, as the market continues to grind away below the 1.15 handle. We look at this is the massive resistance that the market is trying to find its way to, and as a result we would like to see this market go a little higher in that it would test ...

AUD/USD Forecast February 16, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Saturday, 14 February 2015 06:09 UTC
The AUD/USD pair fell on Friday, as we continue to consolidate overall. The market looks as if it is still going to be soft in general, and with this we are looking to sell sooner or later. The candle for the session on Friday is a hammer, and this means that we may get a chance to sell at a higher ...

AUDUSD Double Bottom (Feb 13, 2015)

Daily Forex Reports | by Kate Curtis | Friday, 13 February 2015 09:05 UTC
AUDUSD could be in for a strong long-term reversal, as price appears to be forming a double bottom pattern on its 4-hour chart. As you can see, price bounced a couple of times off the .7700 major psychological support and is on its way to test the neckline around .7850.   A break past the necklin ...

USD/JPY Forecast February 13, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 13 February 2015 06:21 UTC
The USD/JPY pair broke down during the course of the session on Thursday, falling all the way down to the 118.50 region. However, we found a little bit of support in this area as one would expect, which of course is a strong sign. That being the case, the market below has plenty of noise so we have ...

USD/CAD Forecast February 13, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 13 February 2015 06:20 UTC
The USD/CAD pair fell during the course of the session on Thursday, but found enough support near the 1.24 level to turn things back around at the end of the day. We believe the market still continues to go higher longer-term, as we should then head to the 1.28 level given enough time. Even if we br ...

GBP/USD Forecast February 13, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 13 February 2015 06:19 UTC
The GBP/USD pair had a very strong session on Thursday as we broke above the top of the shooting star from Wednesday. This was based upon the last few sessions of upward momentum, and we feel now that the market is ready to head back to the next major resistance barrier, the 1.55 level. With that, t ...

EUR/USD Forecast February 13, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 13 February 2015 06:18 UTC
The EUR/USD pair broke higher during the course of the session on Thursday, clearing the top of a couple of neutral candles. By doing so, it appears that the market will more than likely try to get to the 1.55 level, where we would anticipate seeing quite a bit of resistance. With that, we would be ...

AUD/USD Forecast February 13, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 13 February 2015 06:17 UTC
The AUD/USD pair broke higher during the course of the session on Thursday, but found quite a bit of resistance at the 0.78 region. With that, we fell a bit, and it appears that the sellers are still in control. We look at rallies as selling opportunities, as the market should continue to be bearish ...

USD/JPY Forecast February 12, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 12 February 2015 08:18 UTC
The USD/JPY pair broke higher during the course of the session on Wednesday, slicing through the 120 level. That being the case, the market looks as if it is ready to continue going higher, but we are a bit overextended so there is the possibility that we get some type of pullback. That of course is ...

USD/CAD Forecast February 12, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 12 February 2015 08:18 UTC
The USD/CAD pair tried to go higher during the course of the session on Wednesday, but gave back about half of the gains in order to form a shooting star like candle. That being the case, the market looks like it could pull back a little bit but there’s plenty of support below and as a result we l ...

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