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Daily Forex Reports


USD/CAD Forecast August 5, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 05 August 2016 05:56 UTC
The USD/CAD pair initially tried to rally during the course of the day on Thursday, but turned right back around to crash into the 1.30 handle. However, this is going to be a monumental day for this particular pair on several different fronts at this point in time. We get the Nonfarm Payroll Numbers ...

GBP/USD Forecast August 5, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 05 August 2016 05:55 UTC
The GBP/USD pair fell significantly during the day on Thursday as we continue to consolidate overall. We have been testing the 1.30 level below for support, and the nonfarm payroll numbers coming out today could possibly be a catalyst to drive money into the US dollar. However, this is a market that ...

EUR/USD Forecast August 5, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 05 August 2016 05:54 UTC
The EUR/USD pair initially fell during the course of the session on Thursday, but found enough support to turn around and form a bit of a hammer. However, with the Nonfarm Payroll Numbers coming out during the day today, it’s likely that we will get an extraordinarily high amount of volatility. If ...

AUD/USD Forecast August 5, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 05 August 2016 05:53 UTC
The AUD/USD pair rose slightly during the day on Thursday, as we continue to see bullish pressure. However, the 0.77 level above continues offer resistance, so we need a break above there before we can start buying again. I believe the pullbacks offer support, and that the 0.75 level below there sho ...

EURGBP Bullish Flag Pattern (Aug 05, 2016)

Daily Forex Reports | by Kate Curtis | Friday, 05 August 2016 04:46 UTC
EURGBP is trending higher on its 1-hour time frame, moving inside an ascending channel and signaling a possible upside break. Price has formed a bullish flag on the channel resistance at the .8475 area, with an upside breakout likely to start a sharper climb.  The 100 SMA is above the longer-term ...

USD/JPY Forecast August 4, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 04 August 2016 06:24 UTC
The USD/JPY pair initially drifted lower during the course of the session on Wednesday, but bounced enough to form a bit of a hammer. The hammer of course is likely to be a sign of support, and a bounce could be coming given enough time. Ultimately, the 100 level below should continue to be supporti ...

USD/CAD Forecast August 4, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 04 August 2016 06:23 UTC
The USD/CAD pair initially tried to rally during the course of the day on Wednesday, but turned back around to form a bit of a shooting star. There is a massive amount of support below though, especially near the 1.30 level below. At this point in time, the market will more than likely find buyers b ...

GBP/USD Forecast August 4, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 04 August 2016 06:22 UTC
The GBP/USD pair did nothing during the course of the day on Wednesday, as we continue to consolidate in general. I still believe that the 1.35 level above is massively resistive and the resistance extends all the way to the 1.3650 level, based upon the gap that had formed after the vote to exit the ...

EUR/USD Forecast August 4, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 04 August 2016 06:22 UTC
The EUR/USD pair fell significantly during the course of the session on Wednesday, forming what is essentially a “today shooting star” in this market at the 1.12 level. If we can break down below the 1.1150 level, I feel that this market will probably drop from there and reach towards the 1.10 l ...

AUD/USD Forecast August 4, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 04 August 2016 06:21 UTC
The AUD/USD pair went back and forth during the course of the day on Wednesday, essentially settling on a neutral candle. There is quite a bit of support just below though, so ultimately it’s very likely that a pullback will continue to bring in buyers based upon value. With this, given enough tim ...

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