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Daily Forex Reports


GBP/USD Forecast March 31, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Sunday, 30 March 2014 05:02 UTC
The GBP/USD pair rose during the session on Friday, plowing towards the 1.6650 handle. That is an area that has offered a bit of resistance in support previously, so wouldn’t surprise us to see this market pullback a little bit here. However, we do believe in the longer term validity of the bullis ...

EUR/USD Forecast March 31, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Sunday, 30 March 2014 05:01 UTC
The EUR/USD pair initially fell during the session on Friday, but bounced enough to form a hammer. This hammer suggests that we are going to continue to grind away in this general vicinity, and as a result we are a bit cautious about selling. We think that the market is relatively negative overall, ...

AUD/USD Forecast March 31, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Sunday, 30 March 2014 05:00 UTC
The AUD/USD pair rose during the session on Friday, but as you can see got beat back closer to the 0.93 handle. The resulting action formed a shooting star, which of course means that the market could very well pull back from here. Nonetheless, we think that there’s plenty of support below, and as ...

CAD/JPY Triple Bottom (March 28, 2014)

Daily Forex Reports | by Kate Curtis | Friday, 28 March 2014 07:56 UTC
After a failed attempt to break above the previous double bottom chart formation, CAD/JPY is forming another reversal pattern on its 4-hour time frame. This time a triple bottom can be seen after the pair bounced off the 91.00 major psychological support. With that, the neckline is still around the ...

USD/JPY Forecast March 28, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 28 March 2014 06:20 UTC
The USD/JPY pair rose during the session on Thursday, but remained well within the consolidation area that we’ve seen recently. Because of this, we don’t really have much of a trade set up in this pair, but do recognize the fact that it should ultimately go higher based upon several different fu ...

USD/CAD Forecast March 28, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 28 March 2014 06:19 UTC
The USD/CAD pair fell during the session on Thursday, but found enough support in the 1.10 level to stay somewhat afloat. That being the case, the market appears supported enough to perhaps continue the recent consolidation. The fall has been rather strong over the last several sessions, but there i ...

GBP/USD Forecast March 28, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 28 March 2014 06:19 UTC
The GBP/USD pair had a positive session on Thursday, but gave back some of the gains once we get close to the 1.6650 level. Nonetheless, we are bullish of this pair overall, but need to see a break of the top of the range from the session on Thursday in order to start going long. At that point in ti ...

EUR/USD Forecast March 28, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 28 March 2014 06:18 UTC
The 1.37 level continues to offer a little bit of a barrier in the EUR/USD pair, as was seen on Thursday. However, it appears that it’s only a matter of time before this market breaks down, but until we get that move, we are on the sidelines. We certainly don’t see any reason to start buying in ...

AUD/USD Forecast March 28, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 28 March 2014 06:17 UTC
The AUD/USD pair rose during the session on Thursday, breaking above the 0.9250 level. That being the case, we believe that this market is trying to get sell to go higher, perhaps as high as the 0.95 level. The road to that level of course will be overnight, but we expect a lot of choppiness between ...

GBP/USD Long-Term Uptrend (March 27, 2014)

Daily Forex Reports | by Kate Curtis | Thursday, 27 March 2014 07:52 UTC
GBP/USD has shown momentum in crrying on with its ongoing uptrend, as it bounced off support on the rising trend line connecting the lows on the 4-hour time frame. This suggests that bulls are back in action and are ready to push the pair back to its recent highs. A continued rally could take GBP/U ...

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