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Daily Forex Reports


GBPJPY Retracement Setup (Feb 11, 2015)

Daily Forex Reports | by Kate Curtis | Wednesday, 11 February 2015 06:12 UTC
GBPJPY looks ready to resume its longer-term selloff, as price is completing its retracement on its 4-hour forex chart. The pair has recently bounced off support around the 176.00 levels and pulled up to the 50% Fibonacci level on the latest swing high and low.   The 50% Fib might hold as resista ...

USD/JPY Forecast February 11, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 11 February 2015 05:38 UTC
The USD/JPY pair broke higher during the course of the session on Tuesday, as we continue to drive towards the 120 level. That area above is massively resistive though, so it’s more than likely going to be a very volatile pair going forward. Ultimately we believe that the market will then head to ...

USD/CAD Forecast February 11, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 11 February 2015 05:37 UTC
The USD/CAD pair broke higher during the session on Tuesday, clearing the 1.25 level. That area is a bit of a magnet for the market at the moment, and we believe that the pair will ultimately head towards the 1.28 handle. Above there, we have the 1.30 handle which of course is massively resistive du ...

GBP/USD Forecast February 11, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 11 February 2015 05:37 UTC
The GBP/USD pair fell initially during the session on Monday, but for the second day in a row bounced enough to form a hammer. That hammer of course suggests that there are buyers below and the fact that we are now testing previous resistance as support is simple classic technical analysis. Because ...

EUR/USD Forecast February 11, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 11 February 2015 05:36 UTC
The EUR/USD pair fell initially during the course of the day on Tuesday, but found enough support at the 1.13 level to turn things back around and form a hammer. That being the case, the market looks as if it is ready to continue grinding away sideways. We believe that the market will continue to be ...

AUD/USD Forecast February 11, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 11 February 2015 05:36 UTC
The AUD/USD pair fell during the course of the session on Tuesday, as we continue to meander around the 0.7750 handle. We believe that a move below that level though has this market selling off towards the 0.76 handle, and then perhaps even lower than that. Ultimately, the market will probably go to ...

USD/JPY Forecast February 10, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 10 February 2015 08:07 UTC
The USD/JPY pair fell during the session on Monday, testing the 118 level. As you can see though, we ended up bouncing slightly and it does look like the buyers are going to step into the advantage of value in the US dollar. With that, we like the idea of going long of this pair right now, and aimin ...

USD/CAD Forecast February 10, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 10 February 2015 08:06 UTC
The USD/CAD pair initially fell during the course of the session on Monday, as we continue to meander around the 1.25 handle. Because of this, the market looks as if it’s ready to grind sideways for a little while but we believe ultimately we are going to break out to the upside. Because of this, ...

GBP/USD Forecast February 10, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 10 February 2015 08:06 UTC
The GBP/USD pair fell during the course of the session on Monday, testing the 1.52 level. This was the area that had offered so much resistance previously, so the fact that we came back to test it for support really wasn’t a big surprise. On signs of support and bullishness in this general vicinit ...

EUR/USD Forecast February 10, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 10 February 2015 08:04 UTC
The EUR/USD pair initially tried to fall during the course of the day on Monday, but found enough support at the 1.13 level to bounce and form a little bit of a hammer. This suggests that the market is ready to bounce and perhaps trying to reach towards the 1.15 level which we see as being significa ...

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