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Daily Forex Reports


USD/JPY Forecast October 13, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Saturday, 11 October 2014 12:32 UTC
The USD/JPY pair initially broke out to the upside during the session on Friday, but as you can see fell to form a shooting star. With that, it appears that the market is going to test the 107 level, and possibly even lower levels than that. We are looking for supportive candle in order to start buy ...

USD/CAD Forecast October 13, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Saturday, 11 October 2014 12:32 UTC
The USD/CAD pair went back and forth during the course of the day on Friday, ultimately respecting the 1.12 level for resistance. That being the case, the market should continue to go higher if we can break the top of the range, and we do think that will happen eventually. However, we could very eas ...

GBP/USD Forecast October 13, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Saturday, 11 October 2014 12:31 UTC
The GBP/USD pair fell during the course of the day on Friday, but found enough support at the 1.6000 level to turn things back around and form a hammer. Because of this, it is possible that we may get a bounce back to the 1.63 level. Nonetheless, we recognize that the market looks very vulnerable to ...

EUR/USD Forecast October 13, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Saturday, 11 October 2014 12:30 UTC
The EUR/USD pair fell during the course of the day on Friday, continuing the bearish pressure that we have seen for quite some time. The market tested the 1.26 level for support, and did find a slight amount. However, the market certainly seems to be bearish overall, so we are not concerned of the s ...

AUD/USD Forecast October 13, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Saturday, 11 October 2014 12:29 UTC
The AUD/USD pair fell during the session on Friday, heading back towards the 0.8650 level. That area offered support last time, and if we can break below there we feel that this market will then head to the 0.85 handle. Gold markets aren’t helping much, and as a result we feel that it’s only a m ...

Canadian Employment Report – Paxforex

Daily Forex Reports | by Paxforex | Friday, 10 October 2014 15:13 UTC
Forex traders received the Canadian Employment Report for September roughly 30 minutes ago. The data was much stronger than expected, but the Canadian Dollar did not rally as strong as one would have imagined despite a rock solid employment report. The Canadian Dollar has experienced a long period o ...

USD/JPY Forecast October 10, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 10 October 2014 08:14 UTC
The USD/JPY pair went back and forth during the course of the day on Thursday, forming a fairly neutral candle just below the 108 level. Because of this, we feel that this market could very well bounce from here, but it could be a bit of a struggle as well as there is certainly the need for a rest a ...

USD/CAD Forecast October 10, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 10 October 2014 08:13 UTC
The USD/CAD pair rose during the course of the day on Wednesday, bouncing off the 1.11 level. This of course is a very positive sign, as the market continues to find support every time it falls. With the Canadian Employment numbers coming out later today, this market could get a little bit more dire ...

GBP/USD Forecast October 10, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 10 October 2014 08:13 UTC
The GBP/USD pair tried to rally during the course of the session on Thursday, but failed to hang onto the gains and turned back around to form a negative candle. With this, we think that the bearish pressure will continue on the British pound, and that it’s only a matter of time before we head bac ...

EUR/USD Forecast October 10, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 10 October 2014 08:12 UTC
The EUR/USD pair initially rallied during the course of the day on Thursday, testing the 1.28 resistance barrier. We eventually sold off from there, and then turned back around to form a very negative looking candle. Because of this, we believe that a break below the bottom of the range for the Thur ...

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