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Daily Forex Reports


GBP/USD Forecast July 9, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 09 July 2014 05:23 UTC
The GBP/USD pair initially fell during the session on Tuesday, but found enough support below in order to turn things back around and form a hammer yet again. We have been bullish of this pair for some time now, and that most certainly has not changed after the Tuesday session. The market broke out ...

EUR/USD Forecast July 9, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 09 July 2014 05:23 UTC
The EUR/USD pair initially fell during the session on Tuesday, but found enough support below to turn things back around and form a hammer. This hammer suggests that the market is ready to go higher, perhaps testing the 1.37 level. We don’t think that the market will go much higher than that, as t ...

AUD/USD Forecast July 9, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 09 July 2014 05:22 UTC
The AUD/USD pair broke higher during the day on Tuesday, clearing the top of the Monday hammer. We suggested that this market would go higher, and it did exactly that. However, we have a significant amount of resistance between the 0.9450 and the 0.95 handle, meaning that we will have to be very cau ...

USD/JPY Forecast July 8, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 08 July 2014 07:40 UTC
The USD/JPY pair fell during the session on Monday, but as you can see really remains mired in a significant amount of consolidation. With that, we don’t necessarily have a trade at this moment in time, but do recognize that the market is consolidating between the 101 level on the bottom, and the ...

USD/CAD Forecast July 8, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 08 July 2014 07:39 UTC
The USD/CAD pair initially fell during the session on Monday, but found support at the exact same place that we have several times in a row. On top of that, there is an uptrend line that the longer-term market has been following, and as a result we believe that this market could break out to the ups ...

GBP/USD Forecast July 8, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 08 July 2014 07:39 UTC
The GBP/USD pair fell initially during the session on Monday, but found enough support near the 1.71 level to go ahead and balance to form a hammer like candle. This suggests that this market should continue higher, probably heading to our ultimate target of 1.75 given enough time. We think the pull ...

EUR/USD Forecast for July 8, 2014: Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 08 July 2014 07:38 UTC
The EUR/USD pair initially fell during the session on Monday, but found enough support below the 1.36 level in order to continue going higher. This market of course formed a hammer for the day, which seems to be very strong and because of this we feel that the market will probably continue to go hig ...

AUD/USD Forecast July 8, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 08 July 2014 07:37 UTC
The AUD/USD pair initially fell during the session on Monday, but found enough support below in order to turn things back around and form a hammer. The hammer of course suggests that the market is going to go higher, and we believe that ultimately this market breaks above the 0.95 handle, a source o ...

How strong was June’s US NFP report? – Paxforex

Daily Forex Reports | by Paxforex | Sunday, 06 July 2014 15:11 UTC
On Thursday forex traders received a rather big NFP report. As you know the NFP report is usually released on Friday’s, but due to the Independence Day holiday celebrated on Friday the report was moved to Thursday. Regardless of which day it was released, the June non-farm payroll report or NFP ga ...

USD/JPY Forecast July 7, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Saturday, 05 July 2014 03:41 UTC
The USD/JPY pair fell slightly during the session on Friday, but with the Americans away for the Independence Day holiday, we feel that this market should continue to find buyers eventually and the slightly negative candle for the Friday session would be a bit difficult to take too much information ...

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