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Daily Forex Reports


EUR/USD Forecast August 4, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 04 August 2015 05:55 UTC
The EUR/USD pair fell slightly during the course of the session on Monday, as we simply meandered below the 1.10 level. With this, the market looks like its essentially grinding lower, but there isn’t too much to move the markets at the moment and we also have to keep in mind that the time of year ...

AUD/USD Forecast August 4, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 04 August 2015 05:54 UTC
During the session today, we will be hearing from the Reserve Bank of Australia. They are expected to do very little as far as the rates are concerned, but the statement will of course be important. Any rally at this point in time though, we look at as a selling opportunity once things calmed down. ...

EURUSD Descending Triangle (Aug 3, 2015)

Daily Forex Reports | by Kate Curtis | Monday, 03 August 2015 07:04 UTC
EURUSD is currently testing the descending triangle resistance and might be due for a move back to the support at the 1.0850 minor psychological level. Stochastic is pointing down, indicating that sellers are in control, while RSI is on middle ground. Price is also drawing resistance from the long- ...

USD/JPY Forecast August 3, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Monday, 03 August 2015 06:51 UTC
The USD/JPY pair went back and forth during the session on Friday, showing significant volatility. However, we still believe that this market goes higher over the longer term, so pullbacks will be buying opportunities in this market. The 125 level above is massively resistive, but if we can break ab ...

USD/CAD Forecast August 3, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Monday, 03 August 2015 06:51 UTC
The USD/CAD pair initially fell during the course of the session on Friday, but broken well above the 1.30 level in order to continue going higher. In fact, it looks like if we can get above the 1.31 handle, this market should continue to go to the 1.35 level. Ultimately, pullbacks should continue t ...

GBP/USD Forecast August 3, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Monday, 03 August 2015 06:50 UTC
The GBP/USD pair went back and forth during the course of the session on Friday, and as a result we should continue to have plenty of volatility. That being the case, the market looks as if the 1.55 level below should be supportive, just as the uptrend line below should continue to be supportive as ...

EUR/USD Forecast August 3, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Monday, 03 August 2015 06:50 UTC
The EUR/USD pair rallied pretty significantly during the session on Friday, but as you can see the 1.11 level offered enough resistance to turn this market back around and send it below the 1.10 level. With that, this massively bearish looking candle since this market looking for the 1.08 level over ...

AUD/USD Forecast August 3, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Monday, 03 August 2015 06:48 UTC
The AUD/USD pair went back and forth during the course of the session on Friday, at one point in time breaking down to a fresh, new low. With that, if we break down below the bottom of the range, we would be sellers. On entering, we rally from here we feel that the 0.75 level above is essentially th ...

AUDUSD Downtrend Reversal (July 31, 2015)

Daily Forex Reports | by Kate Curtis | Friday, 31 July 2015 07:45 UTC
 AUDUSD is forming a double bottom pattern on its 1-hour chart, signaling a potential reversal from the selloff. Price has failed in its last two attempts to break below the .7250 minor psychological support level and is on its way to test resistance at the .7350 neckline.   A break above the ne ...

USD/JPY Forecast July 31, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 31 July 2015 06:27 UTC
The USD/JPY pair initially tried to rally during the course of the day on Thursday, but as you can see struggled and turned back around to form a shooting star. With that being the case, looks like the market is going to pull back, and as a result we are expecting a pullback to the 123.50 level, loo ...

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