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Daily Forex Reports


USD/CAD Forecast October 6, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Saturday, 04 October 2014 07:36 UTC
The USD/CAD pair broke higher during the course of the day on Friday, going well above the 1.12 level. This is exactly what you would anticipate on the stronger than anticipated nonfarm payroll number, as the US dollar continues to strengthen. The oil markets fell apart, and that of course is always ...

GBP/USD Forecast October 6, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Saturday, 04 October 2014 07:35 UTC
The GBP/USD pair fell hard during the course of the session on Friday, crashing through the 1.60 level. By doing so, it appears that we are heading back down towards the 1.58 level, and then possibly the 1.55 level given enough bearish momentum. Rally should continue to offer selling opportunities, ...

EUR/USD Forecast October 6, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Saturday, 04 October 2014 07:35 UTC
EUR/USD pair fell hard during the course of the day on Friday, slamming into the 1.25 level. That of course is a large, round, psychologically significant number. That is a major support barrier, and as a result a bounce from here would be a huge surprise. However, if we close below the 1.25 level, ...

AUD/USD Forecast October 6, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Saturday, 04 October 2014 07:34 UTC
The AUD/USD pair fell hard during the course of the day on Friday, testing the 0.8650 level. That level opens the door to fall the way down to the 0.85 level, and we think that in fact will happen. Rallies between now and then will be selling opportunities as we believe the 0.88 level will be resist ...

USD/JPY Forecast October 3, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 03 October 2014 07:47 UTC
The USD/JPY pair initially tried to rally during the session on Thursday, but turned back around to form a fairly negative candle. However, we are just above the 108 level, and the fact that today is nonfarm payroll Friday is in exactly lost on highs. If the jobs number is better than anticipated, t ...

USD/CAD Forecast October 3, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 03 October 2014 07:46 UTC
The USD/CAD pair rose during the course of the day on Thursday, using the 1.11 level as support. That being the case, the market looks like it’s heading back towards the 1.12 handle, as this market is very sensitive to the employment numbers coming out of the United States today. If the numbers ar ...

GBP/USD Forecast October 3, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 03 October 2014 07:42 UTC
The GBP/USD pair fell hard during the session on Thursday, crashing into the 1.6150 area. The market looks as if it’s ready to continue going lower, but there is a significant amount of support at the 1.60 level, so it is a fairly short-term trade that we would be looking out to the downside. Shor ...

EUR/USD Forecast September 3, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 03 October 2014 07:41 UTC
The EUR/USD pair fell initially during the session on Thursday, bouncing later in order to form a hammer. This hammer suggests that we are going to try to make a move above the 1.27 level, and perhaps against the 1.28 handle. The 1.28 handle in our opinion is much more resistive, and as a result we ...

AUD/USD Forecast October 3, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 03 October 2014 07:40 UTC
The AUD/USD pair fell during the session initially on Thursday, but found enough support to turn things back around and form a hammer. It now looks like the 0.88 level is supportive, and we could bounce back to the 0.90 level. Because of that, we think that there could be short-term buying opportuni ...

USD/JPY Forecast September 2, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 02 October 2014 07:00 UTC
The USD/JPY pair fell from the 110 level during the session on Wednesday, proving that we are not quite ready to continue the next leg higher. However, with the nonfarm payroll numbers coming out on Friday, we believe that this market could very well make the break then. Between now and then, we wou ...

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