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Daily Forex Reports


EUR/USD Forecast September 2, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 02 September 2014 09:04 UTC
During a particularly line session on Monday, the EUR/USD pair went nowhere. With that, we feel that the market really hasn’t told his much but we understand that the downside is most certainly favored at this point. After all, there’s no real opportunity for buying the Euro, especially consider ...

AUD/USD Forecast September 2, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 02 September 2014 09:04 UTC
The AUD/USD pair tried to rally during the day on Monday, but found enough resistance to turn things back around and form a shooting star. The shooting star keeps us in the consolidation area we have been in for some time, and as a result we feel that a pullback is probably coming. On top of that, t ...

GBPCAD Countertrend Setup (Sept 1, 2014)

Daily Forex Reports | by Kate Curtis | Monday, 01 September 2014 08:58 UTC
GBPCAD has been moving in a downtrend on its 4-hour time frame but appears to be finding support at the bottom of the rising channel. Price has bounced off the 1.8000 major psychological level and might rally up to the middle of the channel or the top. Stochastic has also moved out of the oversold ...

Is the EURUSD correction over? – Paxforex

Daily Forex Reports | by Paxforex | Saturday, 30 August 2014 16:44 UTC
The EURUSD has dropped sharply and looking just at the chart it seems as if there is no end in sight as traders do not want to try and catch a falling dagger. From a technical perspective you may get conflicting signals depending on your trading strategy. While the EURUSD this week broke down below ...

USD/JPY Forecast September 1, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Saturday, 30 August 2014 13:23 UTC
The USD/JPY pair broke higher during the day on Friday, breaking the top of the hammer that informed on Thursday. On top of that, we close above the 104 level so we feel that this market should continue to go higher, probably aiming for the 105 level. That level of course will be resistive, but ulti ...

USD/CAD Forecast September 1, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Saturday, 30 August 2014 13:22 UTC
The USD/CAD pair fell during the bulk of the session on Friday, but then turned back around and form a nice-looking hammer. This hammer sits right at the 1.0850 region, which makes us think that the market should continue to go higher. A break above the top of the hammer has us aiming for the 1.10 l ...

GBP/USD Forecast September 1, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Saturday, 30 August 2014 13:22 UTC
The GBP/USD pair initially fell during the course of the day on Friday, but then bounced enough to break above the 1.66 handle. The resulting candle is a hammer, so we can break the top of that we feel that the market then goes to the 1.67 level, and then possibly the 1.68 handle. Any pullback from ...

EUR/USD Forecast September 1, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Saturday, 30 August 2014 13:21 UTC
The EUR/USD pair had another negative session on Friday, breaking below the support that we’ve seen recently. With that being the case, we feel that the market will head to the 1.31 level, and then eventually the 1.30 level which we see as much more supportive. That being the case, we are bearish ...

AUD/USD Forecast September 1, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Saturday, 30 August 2014 13:21 UTC
The AUD/USD pair initially tried to rally during the course of the day on Friday, but found the 0.9350 level to be a bit too resistive. With that being the case, the shooting star that form for the day suggests that we are heading back into the previous consolidation area that we had been in. A brea ...

GBPJPY Trend Setup (August 29, 2014)

Daily Forex Reports | by Kate Curtis | Friday, 29 August 2014 08:41 UTC
GBPJPY has been on a downtrend, as a falling trend line can be drawn to connect the recent highs of price. The pair is finding resistance at the 172.00 major psychological level, which could continue to keep any gains in check. Further downside momentum could take the pair down to the previous lows ...

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