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Daily Forex Reports


AUD/USD Forecast December 3, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 03 December 2014 05:26 UTC
The AUD/USD pair initially tried to rally during the session on Tuesday, but as you can see ended up falling in the end. With that being the case, the market looks as if it isn’t ready to do much beyond bounce around in this general vicinity. However, if we break down below the 0.84 level, we feel ...

NZDUSD Range Setup (Dec 3, 2014)

Daily Forex Reports | by Kate Curtis | Wednesday, 03 December 2014 03:12 UTC
NZDUSD is testing the bottom of the range forming on its 1-hour time frame, as price is finding a floor at the. 7780 area once more. A bounce off this support zone could lead to a test of the top of the range at the .7915 level. Stochastic is moving out of the oversold area, indicating that a rally ...

USD/JPY Forecast December 2, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 02 December 2014 05:36 UTC
The USD/JPY pair fell during the session on Monday, but as you can see found enough support near the 180 level to turn things back around and form a little bit of a hammer. Nonetheless, we have no interest in selling this market and believe it will go much higher given enough time. We ultimately bel ...

USD/CAD Forecast December 2, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 02 December 2014 05:34 UTC
The USD/CAD pair fell hard during the course of the day on Monday, testing the 1.13 level. This is an area that had been resistive previously, so we feel it is likely we will see some type of supportive action in this general vicinity. With that, we are more than willing to buy a supportive candle w ...

GBP/USD Forecast December 2, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 02 December 2014 05:33 UTC
The GBP/USD pair shot much higher during the course of the day on Monday, testing the 1.57 region. It is a fairly strong candle, but at the end of the day we should find some type of resistance above, especially near the 1.58 level to turn things back around. With that being the case, we are waiting ...

EUR/USD Forecast December 2, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 02 December 2014 05:32 UTC
The EUR/USD pair went back and forth during the session on Monday, essentially testing the 1.25 level but going nowhere. We think that this market will continue to go lower given enough time, and as a result we are bearish overall. However, we don’t really have a trading signal at the moment and a ...

AUD/USD Forecast December 2, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 02 December 2014 05:31 UTC
The AUD/USD pair gapped lower at the open on Monday, but as you can see bounced in order to fill that very same gap. The 0.85 level looks like it’s still continuing to cause bearish pressure, so we believe that ultimately this pair could drop from here. Nonetheless, the gold markets have been extr ...

USDJPY Uptrend to Resume? (Dec 2, 2014)

Daily Forex Reports | by Kate Curtis | Tuesday, 02 December 2014 04:24 UTC
USDJPY has been on a strong climb in the past month, with the pair currently testing the rising trend line on the 1-hour forex time frame. A bounce off this support zone could lead to a rally to the previous highs past the 119.00 handle. The rising trend line coincides with the 100 and 200 simple m ...

USDCHF Ascending Triangle Pattern (Dec 1, 2014)

Daily Forex Reports | by Kate Curtis | Monday, 01 December 2014 03:59 UTC
The rejection of the Swiss gold initiative led to a bounce off the bottom of the ascending triangle on USD/CHF’s 4-hour forex chart. Price is now on its way to test the resistance of the chart pattern around the .9700 major psychological mark. An upside break could lead to a rally of as much as 3 ...

USD/JPY Forecast December 1, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Sunday, 30 November 2014 02:45 UTC
The USD/JPY pair rose slightly during the session on Friday, as we continue to show strength in this market. After all, the US dollar is the favored currency by Forex traders around the world, so it’s very difficult to imagine going against it. This is especially true when you pair it with the Jap ...

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