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Daily Forex Reports


EURAUD Uptrend Pullback (Sep 16, 2016)

Daily Forex Reports | by Kate Curtis | Friday, 16 September 2016 04:01 UTC
EURAUD recently broke above the neckline of an inverse head and shoulders pattern, signaling a reversal from its previous downtrend. Before price resumes its climb, it could still make a pullback to the broken resistance area.   Applying the Fib tool on the latest swing low and high on the 4-hour ...

USD/JPY Forecast September 15, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 15 September 2016 06:16 UTC
The USD/JPY pair initially tried to rally during the course of the session on Wednesday, but turn right back around to form some type of shooting star. This being the case, it’s likely that we will have to go looking for support at lower levels and as a result it would not surprise me at all if th ...

USD/CAD Forecast September 15, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 15 September 2016 06:15 UTC
The USD/CAD pair went back and forth during the course of the day on Wednesday, as we turned right back around to form a slightly positive candle. However, I think the 1.32 level of course is resistive as we have seen resistance previously. Pullbacks at this point in time should be buying opportunit ...

GBP/USD Forecast September 15, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 15 September 2016 06:14 UTC
The GBP/USD pair went back and forth during the course of the day on Wednesday, but we ended up forming a hammer which of course is a very bullish sign. With this, I believe that a break above the top of the hammer would be a buying opportunity for the short-term, but only the short-term. There is a ...

EUR/USD Forecast September 15, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 15 September 2016 06:14 UTC
The Euro rose again against the US dollar, but we are still very much stock in the consolidation area that we have been in for some time now. I believe that the larger consolidation area extends all the way down to the 1.1150 level on the bottom, and the 1.1350 level on the top. We are essentially i ...

AUD/USD Forecast September 15, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 15 September 2016 06:13 UTC
The AUD/USD pair initially tried to fall, but then turned around to slam into the 0.75 level. Ultimately, this is a market that is at fairly low levels, but I also feel that the market could be bought if we can clear the top of the range for the session on Wednesday. At that point in time, I feel th ...

USDCAD Ascending Triangle (Sep 15, 2016)

Daily Forex Reports | by Kate Curtis | Thursday, 15 September 2016 04:30 UTC
USDCAD has formed higher lows and found resistance at the 1.3200 major psychological level, creating an ascending triangle pattern on its 4-hour time frame. Price is currently testing the resistance, still deciding whether to go for a bounce or a break.   The moving averages are oscillating, whic ...

USD/JPY Forecast September 14, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 14 September 2016 05:56 UTC
The USD/JPY pair went back and forth during the course of the day on Tuesday, but then turned right back around to form a slightly positive candle. By doing so, the market looks as if we are going back and forth and therefore we are going to continue to see quite a bit of volatility. I believe this ...

USD/CAD Forecast September 14, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 14 September 2016 05:55 UTC
The USD/CAD pair broke much higher during the course of the day on Tuesday, breaking well above the top of the shooting star from the Monday session. By doing so, it shows that the USD/CAD pair should continue to go higher. I do recognize that there is a lot of resistance above though, so having sai ...

GBP/USD Forecast September 14, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 14 September 2016 05:54 UTC
The GBP/USD pair fell during the course of the session on Tuesday, breaking down below the 1.32 level. I believe eventually that this market continues to go lower, especially considering that the British pound itself is starting to be punished for the boat to leave the European Union. We are current ...

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