Sponsors

Daily Forex Reports


GBP/USD Forecast December 30, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 30 December 2016 07:07 UTC
The GBP/USD pair tried to rally on Thursday but turned around to form a bit of an exhaustive candle. The exhaustive candle shows that the bearish pressure continues on the British pound overall, as we should then reach towards the 1.21 level underneath, and then the 1.20 level underneath that. If ...

EUR/USD Forecast December 30, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 30 December 2016 07:06 UTC
The EUR/USD pair rallied on Thursday, as the 1.05 level above continues to offer resistance. This is an area where I would like to see some type of exhaustive candle that I can start selling again. There is quite a bit of noise above there as well, so I have no interest in buying at all. In fact, ...

AUD/USD Forecast December 30, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 30 December 2016 07:05 UTC
The AUD/USD pair rallied on Thursday, bouncing off the recent lows. The market could rally from here and go all the way to the 0.73 level above which of course is previous support. That should now be resistive, and an exhaustive candle would be reason enough to start selling as it would offer valu ...

USD/JPY Forecast December 29, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 29 December 2016 07:28 UTC
The USD/JPY pair rallied on Wednesday, as we continue to see quite a bit of bullish pressure. The 115 level underneath should offer “a bit of a floor” in this market. I think that we are eventually going to the 120 level, but it might take some time to get there. I certainly wouldn’t be a se ...

USD/CAD Forecast December 29, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 29 December 2016 07:27 UTC
The USD/CAD pair initially went higher on Wednesday, but turned around to form a shooting star. This is not a surprise, as we have the Crude Oil Inventories announcement coming out today, so that will obviously influence the oil market, which by extension will influence the Canadian dollar itself. ...

GBP/USD Forecast December 29, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 29 December 2016 07:26 UTC
The GBP/USD pair fell again on Wednesday, as we continue to see bearish pressure against the British pound. Any rally at this point in time should be an opportunity to start selling, as the berries pressure has been picking up against the British pound for some time. Ultimately, I think we are goi ...

EUR/USD Forecast December 29, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 29 December 2016 07:25 UTC
The EUR/USD pair initially went higher at the open on Wednesday, but continues to find the 1.05 level to be resistive enough to continue the downtrend. I believe that we will break below the 1.03 level, and extend down towards the parity level over the longer-term. I believe that short-term rallie ...

AUD/USD Forecast December 29, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 29 December 2016 07:24 UTC
The AUD/USD pair had a volatile session on Wednesday as we tried to rally, but gave up most of the gains. Ultimately, we ended up forming a shooting star like candle, and that means that we could see continue to perish pressure. With the very soft looking goal markets, that should continue to work ...

EURCAD Retracement Setup (Dec 29, 2016)

Daily Forex Reports | by Kate Curtis | Thursday, 29 December 2016 06:17 UTC
EURCAD recently broke below the support around the 1.4350 minor psychological level and reached a low of 1.3800 before pulling back up. Applying the Fib tool on the latest swing high and low shows that the 38.2% level lines up with the broken support, which might now hold as resistance. The 100 SMA ...

USD/JPY Forecast December 28, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 28 December 2016 07:01 UTC
The USD/JPY pair bounced off the 117 level to continue the uptrend on Tuesday as traders came back from the Christmas holiday. We have broken the downtrend line of a descending triangle, so this shows that there is bullish pressure underneath. I have a longer-term target of 120 in this market, and ...

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.