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Daily Forex Reports


AUD/USD Forecast June 7, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 07 June 2016 05:53 UTC
The Australian dollar initially fell during the day on Monday, but did in doubt turning back around to form a bit of a hammer. By doing so, and more importantly bouncing off of the 0.73 level below, I believe that this market is getting ready to break out to the upside. If we can clear the 0.74 leve ...

EURJPY Falling Wedge (June 07, 2016)

Daily Forex Reports | by Kate Curtis | Tuesday, 07 June 2016 05:01 UTC
EURJPY has formed lower highs and lower lows, creating a falling wedge pattern on its 4-hour time frame. Price just bounced off support and could be due for a test of resistance soon. This resistance area lines up with a broken short-term support level around 122.75, which might now hold as r ...

GBPJPY Triangle Breakdown (June 06, 2016)

Daily Forex Reports | by Kate Curtis | Monday, 06 June 2016 05:18 UTC
GBPJPY had been moving inside an ascending triangle pattern on its 4-hour time frame and has just broken below support. This signals that the pair could be in for longer-term losses, possibly by around a thousand pips or the same height as the chart formation.  However, the 100 SMA is above the 20 ...

USD/JPY Forecast June 6, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Sunday, 05 June 2016 06:04 UTC
The USD/JPY pair fell significantly during the course of the day on Friday, breaking below the 106 level. We closed at the very bottom of the range and therefore I think that we should get continuation to the downside. After all, the market should continue to show disappointment in the jobs number t ...

USD/CAD Forecast June 6, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Sunday, 05 June 2016 06:03 UTC
The USD/CAD pair fell significantly during the course of the session on Friday, as the jobs number coming out of America was horrific. We ended up only adding 38,000 jobs during the month of May, and that of course is a significant bearish turn of events, so having said that there is more than enoug ...

GBP/USD Forecast June 6, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Sunday, 05 June 2016 06:03 UTC
The GBP/USD pair broke higher during the course of the session on Friday, breaking above the 1.45 handle. What’s most important to me is the fact that we formed a bit of a hammer during the course of the week, so I think that if we can break above the top of the range during the session on Friday, ...

EUR/USD Forecast June 6, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Sunday, 05 June 2016 06:02 UTC
The EUR/USD pair broke higher during the course of the session on Friday, as we got a horrible jobs number coming out of the United States. That being the case, the US dollar fell rather significantly. With that being the case, it’s likely that the market will continue to go higher, as we have see ...

AUD/USD Forecast June 6, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Sunday, 05 June 2016 06:01 UTC
The AUD/USD pair broke out to the upside during the course of the day on Friday, clearing the 0.73 level. In fact, we got fairly close to the 0.74 level, and a move above there would be a buying opportunity for a little bit longer-term move to the upside. I think pullbacks at this point in time will ...

USD/JPY Forecast June 3, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 03 June 2016 06:44 UTC
The USD/JPY pair fell significantly during the day on Thursday again, but there is still quite a bit of support at the 108.50 level, and as a result we did bounce a bit. Ultimately, this is a market that’s going to be very volatile today due to the fact that the Nonfarm Payroll Numbers come out du ...

USD/CAD Forecast June 3, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 03 June 2016 06:43 UTC
The USD/CAD pair rose during the course of the session on Thursday, as we continue to see strength in the US dollar against the Canadian dollar. Oil markets struggle, and that of course propels the US dollar higher against the Loonie. With this, if we continue going higher, and more and poorly break ...

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