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Daily Forex Reports


GBPAUD Reversal Pullback (Sep 09, 2016)

Daily Forex Reports | by Kate Curtis | Friday, 09 September 2016 04:21 UTC
GBPAUD recently broke above a descending trend line on its 4-hour time frame, indicating that price was in for a reversal from the downtrend. However, the pair found resistance at the 1.7700 major psychological mark and has started to make a pullback. Applying the Fib tool on the latest swing low a ...

USD/JPY Forecast September 8, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 08 September 2016 08:00 UTC
The USD/JPY pair initially fell during the course of the session on Wednesday, but bounced off of the 101.50 level to form a bit of a hammer. The hammer of course is a bullish sign, and a break above the top of that hammer could have this market heading back to the upside. Keep in mind that the Bank ...

USD/CAD Forecast September 8, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 08 September 2016 08:00 UTC
The USD/CAD pair bounced during the course of the day on Wednesday, showing little bits of life, but at this point in time this is most certainly a very negative market overall, as the 1.30 level above continues to be an area of fighting. If we can break down below the bottom of the candle during th ...

GBP/USD Forecast September 8, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 08 September 2016 07:59 UTC
The GBP/USD pair fell significantly during the course of the day on Wednesday, as we found quite a bit of resistance in the area of 1.34 above. This of course is an area that has caused quite a bit of resistance recently, so it’s not a big surprise that we turned back around. I believe that a brea ...

EUR/USD Forecast September 8, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 08 September 2016 07:58 UTC
The EUR/USD pair initially tried to rally during the course of the session on Wednesday, but then turn right back around to form a shooting star. The shooting star of course is a negative sign and could very well send this market looking for the 1.12 level again. Keep in mind that the ECB has an int ...

AUD/USD Forecast September 8, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 08 September 2016 07:57 UTC
The Australian dollar had a very neutral candle as we continue to hover around the 0.7650 level. Having said that, I think that pullbacks will eventually bring back buyers, on signs of support. A break above the top of the candle should be a buying opportunity as well. However, we are in an area tha ...

EURAUD Inverse Head and Shoulders (Sep 08, 2016)

Daily Forex Reports | by Kate Curtis | Thursday, 08 September 2016 04:48 UTC
EURAUD failed to break past its double bottom neckline the other week but it still seems to be forming another reversal pattern on the 4-hour time frame. Price is still in the middle of completing its right shoulder on the inverse head and shoulders pattern, as a bounce off this 1.4650 minor psychol ...

USD/JPY Forecast September 7, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 07 September 2016 04:26 UTC
The USD/JPY pair initially tried to rally during the course of the session on Tuesday, but turn right back around to form a rather negative candle. Ultimately, this is a market that should continue to grind all the way down to the 100 level if we do pickups a momentum, but we are in an area where we ...

USD/CAD Forecast September 7, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 07 September 2016 04:25 UTC
The USD/CAD pair continues to fall, as we see quite a bit of pressure on the us dollar in this pair. However, keep in mind that the Bank of Japan has an interest rate announcement coming out, and that of course will have quite a bit of influence on this market, and with that being the case we could ...

GBP/USD Forecast September 7, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 07 September 2016 04:25 UTC
The GBP/USD pair broke higher during the course of the day on Tuesday, as we reach towards the 1.35 handle. However, I recognize that there is a lot of resistance between here and the 1.3650 level, so I’m waiting to see whether or not we get some type of exhaustive candle in order to start selling ...

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