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Daily Forex Reports


GBP/USD Forecast June 27, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 27 June 2014 07:54 UTC
The GBP/USD pair broke higher during the session on Thursday, clearing the 1.70 handle again. That area is a major support and resistance level, so it’s interesting that we managed to climb back above again. We are essentially trading sideways overall, but at the end of the day it appears that the ...

EUR/USD Forecast June 27, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 27 June 2014 07:53 UTC
The EUR/USD pair fell during the session on Thursday, but you can see found enough support to bounce and form a hammer. This hammer suggests that we are experiencing quite a bit of buying pressure, and it should go towards the 1.37 handle. However, that level should be fairly resistive, so we still ...

AUD/USD Forecast June 27, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 27 June 2014 07:53 UTC
The AUD/USD pair did very little during the session on Thursday, as we continue to grind sideways. Because of this, we feel that the market is essentially trying to build up enough momentum to break out, and that it will be very difficult to trade at this moment. Pullbacks should offer buying opport ...

USD/JPY Symmetrical Triangle Breakout (June 26, 2014)

Daily Forex Reports | by Kate Curtis | Thursday, 26 June 2014 07:09 UTC
USD/JPY has been consolidating inside a symmetrical triangle for almost an entire month, as traders are torn in picking a clear direction for this pair. However, the bleak US GDP release has resulted in a sharp downside break from triangle support and indicated that the next trend could be downward. ...

USD/JPY Forecast June 26, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 26 June 2014 06:59 UTC
The USD/JPY pair fell during the bulk of the session on Wednesday, showing the 101.50 level to be supportive. That being the case, it feels as if the market is trying to get some type of traction here, but ultimately we have a situation where the market is going sideways and doesn’t seem to have a ...

EUR/USD Forecast June 26, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 26 June 2014 06:58 UTC
The EUR/USD pair broke higher during the session on Wednesday, but could not break out to the upside. With that being the case, we feel that the market is probably going to attempt to go higher, but quite frankly there’s so much resistance that we are hesitant to start buying. In fact, we still ha ...

USD/CAD Forecast June 26, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 26 June 2014 06:58 UTC
The USD/CAD pair fell during the session on Wednesday, staying within the consolidation area that we have seen over the last several sessions. That being the case, the 1.07 level looks to be supportive, and a break below their sends in this market looking for the 1.06 handle. That area is the beginn ...

GBP/USD Forecast June 26, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 26 June 2014 06:56 UTC
The GBP/USD pair went back and forth during the session on Wednesday, essentially settling on a fairly unchanged candle. We tried to break above the 1.70 level, but failed. On the other hand, we found plenty of support near the 1.6950 level, and as a result the market is still trying to figure out w ...

AUD/USD Forecast June 26, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 26 June 2014 06:56 UTC
The AUD/USD pair bounce from the lows during the session on Wednesday, showing that we still have plenty of support below and that the pressure should continue to break out and above the 0.95 handle. If we can get above that level, this market should continue to go to the parity level, and as a resu ...

US GDP Down, Housing Up – Paxforex

Daily Forex Reports | by Paxforex | Wednesday, 25 June 2014 15:03 UTC
US GDP was revised sharply lower today which pressured the US Dollar. First-quarter GDP was initially stated at a contraction of 1.0%. US equity markets brushed off the disappointment and rallied higher while the US Dollar struggled as forex traders sold off the US currency. The headwinds grew as ot ...

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