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Daily Forex Reports


AUDUSD Retracement to .7600? (July 10, 2015)

Daily Forex Reports | by Kate Curtis | Friday, 10 July 2015 08:38 UTC
AUDUSD bounced off its recent lows as risk appetite returned to the markets in the past few trading sessions. The pair looks ready to retrace to the broken support at the .7600 major psychological level, which lines up with the 50% Fibonacci retracement level and the 100 SMA.   At the same time, ...

USD/JPY Forecast July 10, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 10 July 2015 06:44 UTC
The USD/JPY pair broke higher during the course of the day initially on Thursday, but failed to hang onto gains. Because of this, we think that short-term pullback could be coming, but we have no interest in selling this market. We believe that the US dollar will continue to strengthen over the Japa ...

USD/CAD Forecast July 10, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 10 July 2015 06:41 UTC
The USD/CAD pair initially fell during the session on Thursday, but found enough support near the 1.2650 level to turn things back around and form a hammer. This hammer is at the recent highs, and as a result we think that the market is trying to build up enough momentum to break out to the upside a ...

GBP/USD Forecast July 10, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 10 July 2015 06:39 UTC
The GBP/USD pair initially tried to rally during the session on Thursday, but found the area above the 1.54 level be a bit resistive. Because of this, we ended up forming a shooting star but we do recognize that there is a lot in the way of noise between here and the 1.52 handle, which we think is e ...

EUR/USD Forecast July 10, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 10 July 2015 06:38 UTC
The EUR/USD pair tried to rally initially during the session on Thursday, but turned back around and crashed into the 1.10 level, an area that has been supportive. The area extends all the way down to the 1.09 level, which makes this more of a support “zone”, and with that we believe sooner or l ...

AUD/USD Forecast July 10, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 10 July 2015 06:37 UTC
The AUD/USD pair went back and forth during the course of the day on Thursday, as the 0.75 level offered resistance. Because of this, we feel that the market will eventually break down, but we could get a bit of volatility in the short-term. We prefer to sell short-term rallies, as they offer “val ...

USD/JPY Forecast July 9, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 09 July 2015 09:31 UTC
The USD/JPY pair fell hard during the day on Wednesday as the fear enters the market yet again. However, we believe that the markets will more than likely calm down given enough time, and this may end up being a nice buying opportunity given enough time. We believe that the 120 level should be rathe ...

USD/CAD Forecast July 9, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 09 July 2015 09:30 UTC
The USD/CAD pair went back and forth during the day on Wednesday, essentially stalling after having such a large move to the upside recently. With that being the case, we feel that the market is starting to run out of momentum. Pullbacks at this point in time will be used in order to start buying ag ...

GBP/USD Forecast July 9, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 09 July 2015 09:30 UTC
The GBP/USD pair had a fairly negative session on Wednesday, as the world continues to run toward safety asset such as the US dollar. However, we are getting close to a significant amount support that extends all the way down to the 1.52 level, so we are waiting to see whether or not we get some typ ...

EUR/USD Forecast July 9, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 09 July 2015 09:29 UTC
The EUR/USD pair broke higher during the course of the session on Wednesday, using the 1.10 level as a bit of a springboard. Because of this, the market looks as if it is ready to continue going higher, and we believe that it is only a matter of time before this market continues to go higher. The ga ...

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