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Daily Forex Reports


GBP/USD Forecast November 3, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Saturday, 01 November 2014 08:57 UTC
The GBP/USD pair went back and forth during the course of the session on Friday, hanging about the 1.60 handle. The resulting candle is a hammer, and as a result if we break above the top of the hammer, we would be buyers of this marketplace and heading towards the 1.62 handle. That being the case, ...

EUR/USD Forecast November 3, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Saturday, 01 November 2014 08:57 UTC
The EUR/USD pair broke down during the course of the session on Friday, breaking the bottom of the hammer from the Thursday session. We even went below the 1.25 level at one point in time, but at the end of the day we ended up bouncing back above it. If we can break down below the 1.32 level on a da ...

AUD/USD Forecast November 3, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Saturday, 01 November 2014 08:56 UTC
The AUD/USD pair as you can see went back and forth during the session on Friday, essentially forming a slightly negative candle. We continue to hang about the 0.88 handle, which of course is an area that has been very attractive to the market for some time. We essentially see this market as one tha ...

How strong is the US Dollar? – Paxforex

Daily Forex Reports | by Paxforex | Friday, 31 October 2014 19:52 UTC
The US Federal Reserved wound down its economic stimulus packaged known as quantitative easing or QE3 for short. The ‘3’ stands for the third installment of such a measure which resulted in the Federal Reserve printing money day and night. As you may recall, the more supply the lower the value w ...

EUR/USD Forecast October 31, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 31 October 2014 07:16 UTC
The EUR/USD pair fell hard during the session on Thursday, but turned back around and bounced hard enough to form a beautiful looking hammer. The hammer is fixated on the 1.26 level, and that being the case the market could very easily bounce from here. However, we still see this is a very negative ...

AUD/USD Forecast October 31, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 31 October 2014 07:14 UTC
The AUD/USD pair bounced during the course of the day on Thursday, but still remains trapped in the basic consolidation that we have seen for some time now. The 0.88 level continues to be a bit of a magnet for price, and as a result we feel that the market will more than likely form another resistiv ...

GBPUSD Range Setup (Oct 31, 2014)

Daily Forex Reports | by Kate Curtis | Friday, 31 October 2014 05:03 UTC
GBPUSD has been moving sideways for most of the month and has recently found support at the bottom of the range once more. Price bounced off the 1.5950 minor psychological support level and may be headed for the top of the range.   The resistance is located around the 1.6125-1.6150 levels, as the ...

CADJPY Countertrend Setup (Oct 30, 2014)

Daily Forex Reports | by Kate Curtis | Thursday, 30 October 2014 05:54 UTC
CADJPY is in a rising channel on its 1-hour time frame but is already nearing the top of the range. Resistance at the 97.50-98.00 area might hold and push the pair back to the bottom of the channel.   Stochastic is already in the oversold area, which means that buying pressure is about to wane so ...

USD/JPY Forecast October 30, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 30 October 2014 05:32 UTC
The USD/JPY pair initially fell during the course of the day on Wednesday, but after a hearty statement by the Federal Reserve, this pair went higher and broke out to the upside. It now seems almost a sure thing that we are going to the 110 level, although there may be a bit of resistance between he ...

USD/CAD Forecast October 30, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 30 October 2014 05:31 UTC
The USD/CAD pair went higher during the session on Wednesday after the Federal Reserve released a more hawkish than anticipated statement. We broke back above the 1.12 level, but there is a significant amount of resistance just above that area so even though we are bullish of this pair, we recognize ...

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