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Daily Forex Reports


GBP/USD Forecast August 11, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Sunday, 10 August 2014 02:16 UTC
The GBP/USD pair initially tried to rally during the session on Friday, but as you can see ended up falling below the 1.68 level. Because of this, we think that this is a reasonably very sign in that the market should head to the 1.67 handle next. At that region, we would anticipate quite a bit of b ...

EUR/USD Forecast August 11, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Sunday, 10 August 2014 02:15 UTC
The EUR/USD pair rose during the course of the day on Friday, but did not break above the significant resistance barrier at 1.3450. With that, we feel that the market sooner or later will run into enough selling pressure to turn it back around. We recognize that the 1.35 handle is a massive ceiling ...

AUD/USD Forecast August 11, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Sunday, 10 August 2014 02:14 UTC
The AUD/USD pair rose during the course of the day on Friday, bouncing off of the 0.9225 region. However, the market really hasn’t taken off to the upside, so we still think that there is a significant amount of bearish pressure above. Ultimately though, we think that this market continues to cons ...

USD/JPY Forecast August 8, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 08 August 2014 06:00 UTC
The USD/JPY pair initially tried to rally during the session on Thursday, but as you can see fell back down as we continue to bang around the 102 level. This area has been supportive in the past, but quite frankly the real support is down at the 101 level, so if we do fall from here, we would expect ...

USD/CAD Forecast August 8, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 08 August 2014 05:59 UTC
The USD/CAD pair rose slightly during the session on Thursday as we continue to grind away sideways between the 1.09 and the 1.10 levels. With that, we feel that the market will more than likely go higher during the day today, we are looking for a very small move and do not anticipate breaking out a ...

GBP/USD Forecast August 8, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 08 August 2014 05:58 UTC
The GBP/USD pair fell during the day on Thursday, but still finds support near the 1.68 handle. Because of this, we feel that the market could bounce here, but we do not have the right supportive action yet to start buying. We suspect that the market still needs to back around in this area, and we a ...

EUR/USD Forecast August 8, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 08 August 2014 05:57 UTC
The EUR/USD pair initially fell during the day on Thursday, but as you can see found support at roughly the same place it did during the Wednesday session. With that, we found the day forming a hammer for the second day in a row, and that means that more than likely we will bounce. Are break above t ...

AUD/USD Forecast August 8, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 08 August 2014 05:47 UTC
The AUD/USD pair fell during the course of the day on Thursday, but as you can see still sits above the 0.92 level, an area that we think is massively supportive. With that, we feel that the market finding a supportive candle in that area might be a nice buying opportunity as it would show that we c ...

USD/JPY Forecast August 7, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 07 August 2014 06:05 UTC
The USD/JPY pair fell during the course of the day on Wednesday, but as you can see bounced back above the 102 level. Because of this, we feel that the market still has plenty of support below, so we are looking for supportive daily candle in order to start buying again, anticipating a move back to ...

USD/CAD Forecast August 7, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 07 August 2014 06:04 UTC
The USD/CAD pair fell during the session after initially trying to break above the 1.10 level on Wednesday. It’s not a huge surprise though, as it is a large number. Also, this area has been resistive in the past, but it should be stated that we did in fact do a little bit higher than the last att ...

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