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Daily Forex Reports


AUDUSD Forex Correction (Mar 13, 2015)

Daily Forex Reports | by Kate Curtis | Friday, 13 March 2015 03:27 UTC
AUDUSD has recently made a strong drop below a key support level near the .7750 minor psychological mark. After that, price reached the .7750 minor psychological handle before making a retracement. Price is waiting at the 38.2% Fibonacci retracement level at the moment and may be due for a move low ...

USD/JPY Forecast March 12, 2015, technical analysis

Daily Forex Reports | by FX Empire | Thursday, 12 March 2015 05:45 UTC
The USD/JPY pair went back and forth during the course of the session on Wednesday, essentially proving nothing. The one thing that we do notice though is the fact that the market didn’t break down after breaking out. That’s a sign that the buyers are serious, and could very well continue to pus ...

USD/CAD Forecast March 12, 2015, technical analysis

Daily Forex Reports | by FX Empire | Thursday, 12 March 2015 05:44 UTC
The USD/CAD pair broke out to the upside during the session on Wednesday, testing the 1.28 handle. We have had our target of 1.30 in place for some time now, and we still believe the pullbacks will help get us the momentum to get to that level. We believe that level is going to be very difficult to ...

GBP/USD Forecast March 12, 2015, technical analysis

Daily Forex Reports | by FX Empire | Thursday, 12 March 2015 05:43 UTC
The GBP/USD pair broke down during the course of the day on Wednesday, slicing through the 1.50 level finally. This is a massive support level on the longer-term charts, and of course a large, round, psychologically significant number. Because of this, it appears that the market will continue to be ...

EUR/USD Forecast March 12, 2015, technical analysis

Daily Forex Reports | by FX Empire | Thursday, 12 March 2015 05:42 UTC
The EUR/USD pair broke down during the session on Wednesday, testing the 1.05 level, which we see as massively supportive. In the meantime, we think that this market simply grinds sideways, as it seems to be a bit oversold. With that, we will pay attention to the movement and wait for any significan ...

AUD/USD Forecast March 12, 2014, technical analysis

Daily Forex Reports | by FX Empire | Thursday, 12 March 2015 05:41 UTC
The AUD/USD pair tried to break out during the session on Wednesday, but found the area above the 0.76 level to be far too resistive. Because of this, the market ended up forming a shooting star looks ready to continue going lower. The 0.75 level course is the next major area below, and we fully ant ...

EURCHF Descending Triangle Pattern (Mar 12, 2015)

Daily Forex Reports | by Kate Curtis | Thursday, 12 March 2015 04:53 UTC
EURCHF could be in for a break below its descending triangle pattern, as the ongoing quantitative easing program of the European Central Bank has been weighing on the shared currency. At the moment, the pair is still finding support at the 1.0650 minor psychological level but might be due for a brea ...

USD/JPY Forecast March 11, 2015, technical analysis

Daily Forex Reports | by FX Empire | Wednesday, 11 March 2015 08:40 UTC
The USD/JPY pair broke down during the session on Tuesday, we trace in all of the gains for Monday. Ultimately though, this market has broken out to the upside in as well above the 120 level. Because of this, we are looking for short-term supportive candles in order to go long, and a market that we ...

USD/CAD Forecast March 11, 2015, technical analysis

Daily Forex Reports | by FX Empire | Wednesday, 11 March 2015 08:37 UTC
The USD/CAD pair initially fell during the session on Tuesday, but found enough support below the 1.26 level to turn things back around and form a positive candle. The candle in fact ended up being a hammer, which of course is a very positive sign. Because of this, we feel that this market is ready ...

GBP/USD Forecast March 11, 2015, technical analysis

Daily Forex Reports | by FX Empire | Wednesday, 11 March 2015 08:36 UTC
The GBP/USD pair broke down during the session on Tuesday, only to find support just above the 1.50 level again, and bounce. The bounce formed the hammer that you see on the chart now, and as a result it looks like we might meander a little bit just above the 1.50 support area. This of course is a l ...

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