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Daily Forex Reports


USD/CAD Forecast April 7, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 07 April 2015 06:06 UTC
The USD/CAD pair went back and forth during the course of the session on Monday, testing the 1.2450 level. With that, it appears that the support is going to continue to hold up, and if we can get above the 1.25 level, we are buyers of the marketplace and willing to aim for the 1.27 handle. We belie ...

GBP/USD Forecast April 7, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 07 April 2015 06:05 UTC
The GBP/USD pair tried to rally during the course of the session on Monday, but found the 1.50 level to be a bit too resistive. Ultimately, we feel the market will then go back down to the 1.48 handle, as we continue to consolidate overall. If we break down below there, and more importantly the 1.47 ...

EUR/USD Forecast April 7, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 07 April 2015 06:04 UTC
The EUR/USD pair tried to break above the 1.10 level during the course of the session on Monday, but as you can see show quite a bit of resistance. With that being the case, the market should continue to see sellers every time we rally, and I believe that this market will continue to be one that hea ...

AUD/USD Forecast April 7, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 07 April 2015 06:03 UTC
The AUD/USD pair initially tried to rally during the course of the day on Monday, but as you can see struggled to keep any gains in ended up turning back around to form a shooting star the shooting star is of course a very bearish signal, and as a result we feel that it’s only a matter of time bef ...

USD/JPY Forecast April 6, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Saturday, 04 April 2015 07:16 UTC
The USD/JPY pair fell during the session on Friday after a less than stellar jobs number out of the United States. Having said that though, this is a market that has plenty of support below, especially near the 118 handle. We are simply waiting for some type of supportive candle in order to continue ...

USD/CAD Forecast April 6, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Saturday, 04 April 2015 07:16 UTC
The USD/CAD pair fell during the course of the session on Friday, breaking below the 1.25 handle. With that, we tested the 1.24 level which we believe is massively supportive. Ultimately, will have to see what happens in that general vicinity, we feel it’s only a matter of time before the buyers w ...

GBP/USD Forecast April 6, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Saturday, 04 April 2015 07:15 UTC
The GBP/USD pair broke higher during the course of the session on Friday, as the market continues to find buyers just below the 1.48 handle. However, you have to keep in mind that there is significant resistance of the 1.50 level, so at this point time we are a bit cautious about going long. We beli ...

EUR/USD Forecast April 6, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Saturday, 04 April 2015 07:14 UTC
The EUR/USD pair broke much higher during the course of the session on Friday, as the nonfarm payroll numbers out of the United States were much lower than anticipated. Because of this, it looks as if the market will punish the US dollar for the time being. However, we see a significant amount of re ...

AUD/USD Forecast April 6, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Saturday, 04 April 2015 07:14 UTC
The AUD/USD pair broke higher during the course of the session on Friday, going all the way to the 0.77 handle. This was basically in reaction to the less than anticipated addition of jobs in the United States, as the Nonfarm Payroll numbers were so disappointing. Because of this, we believe that th ...

USD/JPY Forecast April 3, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 03 April 2015 06:06 UTC
The USD/JPY pair did very little during the session on Thursday, as one would expect because of the nonfarm payroll numbers coming out during the day today. The 120 level above is still resistive, but we do think that once the market breaks above the highs from earlier this week, we should continue ...

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