Sponsors

Daily Forex Reports


GBPUSD Short-Term Uptrend (May 1, 2015)

Daily Forex Reports | by Kate Curtis | Friday, 01 May 2015 04:02 UTC
GBPUSD is forming an uptrend on its 1-hour forex chart, as the recent lows can be connected by an ascending trend line. In addition, the long-term exponential moving average has been holding as a dynamic support area and another test seems to be taking place. A bounce off support around the 1.5300 ...

CADJPY Short-Term Uptrend (Apr 30, 2015)

Daily Forex Reports | by Kate Curtis | Thursday, 30 April 2015 07:32 UTC
CADJPY has been steadily climbing on its 1-hour forex chart, reflecting a short-term uptrend for the pair. Price has been treading above the long-term exponential moving average on the same time frame while the short-term EMA is also moving higher, confirming that the rally is likely to carry on. F ...

USD/JPY Forecast April 30, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 30 April 2015 06:07 UTC
The USD/JPY pair went back and forth during the day in a very volatile session as the GDP numbers missed, and the Federal Reserve statement was less dovish than anticipated. With that, the market continues to meander around the 119 level, and we believe that although the longer-term trend is bullish ...

USD/CAD Forecast April 30, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 30 April 2015 06:06 UTC
The USD/CAD pair fell below the 1.20 level during the session on Wednesday as the GDP numbers out of America were less than anticipated. However, later in the day we turn things back around and formed a bit of a hammer. With this, we are buyers on a break of the top of the hammer expecting the marke ...

GBP/USD Forecast April 30, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 30 April 2015 06:06 UTC
The GBP/USD pair broke higher during the course of the session on Wednesday, slamming into the 1.55 level. As you can see though, we did pullback a little bit as that area offered resistance. This is a market that’s a bit overbought at the moment, so that’s not a big surprise. Quite frankly it ...

EUR/USD Forecast April 30, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 30 April 2015 06:05 UTC
The EUR/USD pair broke out to the upside during the session on Wednesday and cleared the 1.10 level as weaker than anticipated GDP numbers came out of the United States. Expected to be 1%, the announcement actually was 0.2 %, and that of course is a massive miss. Ultimately, the US economy continues ...

AUD/USD Forecast April 30, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 30 April 2015 06:03 UTC
The AUD/USD pair initially went much higher during the course of the day on Wednesday, but pullback to form a shooting star. By doing so, it looks as if the market is ready to go lower, and we of course would be sellers on a break of the bottom of that candle. We believe the market should then head ...

USD/JPY forecast April 29, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 29 April 2015 07:34 UTC
The USD/JPY pair fell during the day on Tuesday, as we continue to test for support. With that being the case, the market looks as if it is going to find buyers in this general vicinity, so therefore it’s difficult to imagine selling. We believe that sooner or later we find some type of supportive ...

USD/CAD Forecast April 29, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 29 April 2015 07:33 UTC
The USD/CAD pair broke down during the course of the session on Tuesday, as we head towards the 1.20 handle. This is an area that should have plenty of support though, based upon the large, round, psychologically significant number. With that, we are looking for some type of supportive candle in ord ...

GBP/USD forecast April 29, 2015, technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 29 April 2015 07:33 UTC
The GBP/USD pair initially fell during the day on Tuesday, but found enough support near the 1 TB two level to turn things back around and form a positive candle. Ultimately, the market looks as if it is ready to continue going higher, perhaps heading to the 1.550 level. However, there is a signific ...

Recommended Forex Trading Platforms

Forex Trading We know that the right opportunity can happen at anytime, anywhere. Saxo Capital Markets is committed to giving you a suite of platforms that will enable you to access your account and trade the markets whenever and wherever you want.

Sponsors

Subscribe to Newsletter

To receive alerts by email when Free Forex Analysis are updated. Enter your email address below.