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Daily Forex Reports


GBPUSD Testing 1.5500 Again (June 11, 2015)

Daily Forex Reports | by Kate Curtis | Thursday, 11 June 2015 06:54 UTC
GBPUSD is currently stalling at the 1.5500 area of interest once more, which has held as resistance then support in the past. This lines up with the 50% Fibonacci retracement level on the latest swing high and low on the 4-hour time frame and might keep gains in check. Stochastic is indicating over ...

USD/JPY Forecast June 11, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 11 June 2015 05:57 UTC
The USD/JPY pair broke down significantly during the session on Wednesday, slicing down to the 122.50 handle. However, the market looks as if there is support below, so we are simply going to step on the sidelines and wait for a buying opportunity somewhere near the 121 handle. We like this pair lon ...

USD/CAD Forecast June 11, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 11 June 2015 05:56 UTC
The USD/CAD pair fell rather hard during the session on Wednesday, testing the 1.220 support level. It found support there, and the market ended up bouncing to form something along the lines of a hammer. Because of this, we certainly wouldn’t sell this market, but quite frankly we don’t have rea ...

GBP/USD Forecast June 11, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 11 June 2015 05:56 UTC
The GBP/USD pair broke higher and above the 1.55 level during the session on Wednesday, which of course is a very bullish sign. If we can break the top of the range for the day, we feel that this market probably then heads towards the 1.57 level, and then the 1.58 level next. With that, we believe t ...

EUR/USD Forecast June 11, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 11 June 2015 05:55 UTC
The EUR/USD pair went higher during the session on Wednesday, and then pulled back to form a shooting star. The shooting star is immediately preceded by the Tuesday candle which of course is a hammer, so this suggests that the market is going to go sideways. With that being the case, the market is g ...

AUD/USD Forecast June 11, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 11 June 2015 05:54 UTC
The AUD/USD pair broke higher during the day on Wednesday, as we slammed into the 0.78 resistance barrier. We didn’t break above it though, so at this point in time we don’t really see much of a trade here. We could pull back a little bit, but at the end of the day this is a market that continue ...

USD/JPY Forecast June 10, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 10 June 2015 09:00 UTC
The USD/JPY pair initially fell during the day on Tuesday, breaking down to the 123.90 level. However, we found enough support in that region again to turn the market back around and form a nice-looking hammer. The hammer of course is one of our favorite signals to start buying, and the fact that we ...

USD/CAD Forecast June 10, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 10 June 2015 09:00 UTC
The USD/CAD pair had a very volatile session on Tuesday, as we continue to bang around just below the 1.24 level. It looks as if the market is probably going to continue to drift a little bit lower, but we also recognize that there is support near the 1.22 handle, which means we don’t have much ro ...

GBP/USD Forecast June 10, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 10 June 2015 08:59 UTC
The GBP/USD pair initially fell during the day on Tuesday but found enough support just above the 1.52 level to turn things back around and form a hammer. The hammer suggests that we are going to try to reach the 1.55 level, and as a result we are buyers of pullbacks and show signs of support. With ...

EUR/USD Forecast June 10, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 10 June 2015 08:59 UTC
The EUR/USD pair fell initially during the course of the day on Tuesday, but found enough support near the 1.12 level to turn things back around and form a hammer. Because of this, the market looks as if it is ready to continue to try to get to the 1.15 level. Above there, we feel that it is a bit o ...

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