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Daily Forex Reports


What happened to the Japanese Yen? – Paxforex

Daily Forex Reports | by Paxforex | Friday, 12 September 2014 11:46 UTC
The Japanese Yen plunged to new multi-year lows especially against the US Dollar as the USDJPY broke out above the 107.000 level only to be stopped by a very big resistance level which is located around 107.250. Technically speaking this currency pair is ready for a correction which may take us back ...

USD/CAD Forecast September 12, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 12 September 2014 05:05 UTC
The USD/CAD pair rose during the course of the day on Thursday, breaking the top of two shooting stars in a row. With that being the case, the market has now broken out to the upside, and a move above the top of the range during the session on Thursday should send this market heading to the 1.12 lev ...

EUR/USD Forecast September 12, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 12 September 2014 05:04 UTC
EUR/USD pair went back and forth during the course of the day on Thursday, remaining within the consolidation area we have been in for some time. The 1.30 level above is should continue to offer significant resistance, but ultimately we think that any move towards that area will end up being nice se ...

AUD/USD Forecast September 12, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 12 September 2014 05:03 UTC
The AUD/USD pair broke higher during the course of the day on Thursday, but found the 0.92 level to be far too resistive in order to go higher. That being the case, we ended up turning back around and falling significantly. The resulting candle is a massive shooting star, and it appears that the Aus ...

CADJPY Bullish Divergence (Sept 12, 2014)

Daily Forex Reports | by Kate Curtis | Friday, 12 September 2014 03:53 UTC
CADJPY is on a short-term uptrend, as a rising trend line can be drawn to connect price lows since August on its 1-hour forex chart. Price is currently testing this ascending support zone and may be due for another bounce to its previous highs or beyond.   At the same time, stochastic is indicati ...

USD/JPY Forecast September 11, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 11 September 2014 07:14 UTC
The USD/JPY pair rose again during the session on Wednesday, breaking the top of the shooting star from the Tuesday session. Because of this, we feel that this market certainly has plenty of bullish pressure underneath it in order to go higher, and we expect the market to go to the 110 level. Howeve ...

USD/CAD Forecast September 11, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 11 September 2014 07:13 UTC
The USD/CAD pair tried to break above the 1.10 level during the day on Wednesday, but turned back around and fell hard. Because of this, we feel that the market is probably heading back to the 1.0850 level, an area that is considered to be very supportive. A supportive candle down at that area shoul ...

GBP/USD Forecast September 11, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 11 September 2014 07:13 UTC
The GBP/USD pair as you can see initially fell during the course of the day on Wednesday, but bounced enough to head back towards the 1.62 level. We are just below a gap from the beginning of the week though, but as you can see this gap should offer quite a bit of resistance, and as a result we are ...

EUR/USD Forecast September 11, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 11 September 2014 07:12 UTC
The EUR/USD pair had a fairly calm session as we continue to bounce around in the general vicinity. We seem to be attracted to the 1.29 level, we think ultimately this market will break out to the downside. If we do, the market should aim for the 1.28 level. The 1.30 level above should be resistive, ...

AUD/USD Forecast September 11, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 11 September 2014 07:11 UTC
The AUD/USD pair fell during most of the session on Wednesday, but bounce significantly off of the 0.91 handle, as we formed a massive hammer. That being the case, if we break the top of the hammer, we feel that the market will more than likely bounce only back to the 0.94 handle given enough time. ...

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