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Daily Forex Reports


USD/JPY Forecast February 5, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 05 February 2015 08:13 UTC
The USD/JPY pair fell during the course of the session on Wednesday, as we continue to grind away sideways. With that being the case, the market continues to look a little bit supportive, and we definitely feel that the market has an uptrend bias. However, it’s a most impossible really get involve ...

USD/CAD Forecast February 5, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 05 February 2015 08:11 UTC
The USD/CAD pair broke higher during the course of the session, continuing uptrend that we’ve seen for some time. With that being the case, it looks like we are ready to go higher, and as a result we feel that the market will ultimately continue the uptrend that we have seen for recently, perhaps ...

GBP/USD Forecast February 5, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 05 February 2015 08:10 UTC
The GBP/USD pair tried to break higher during the course of the session on Wednesday, but as you can see the 1.52 level offered enough resistance to form a nice-looking shooting star. Because of this, we feel that this market will more than likely continue to struggle and should fall towards the 1.5 ...

EUR/USD Forecast February 5, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 05 February 2015 08:09 UTC
The EUR/USD pair fell during the course of the day on Wednesday as the market continues to look soft for the Euro in general. With that, we recognize that the 1.13 level below will be supportive so if we can clear that to the downside, we would begin selling again. On the other hand, we believe that ...

AUD/USD Forecast February 5, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 05 February 2015 08:08 UTC
The AUD/USD pair fell bit during the session on Wednesday, showing that the 0.78 level above is resistant. Ultimately, we feel that the Australian dollar will continue to soften, so we are looking to sell and breakdowns below the lows of the session, and of course fresh new lows as the market should ...

AUDCAD Retracement Play (Feb 5, 2015)

Daily Forex Reports | by Kate Curtis | Thursday, 05 February 2015 03:58 UTC
AUDCAD recently broke below a key support zone at the .9800 major psychological level and appears to be pulling up for a retest. Price just bounced off support at the .9600 major psychological level and my need to gain more selling pressure before creating new lows. The 50% Fibonacci retracement le ...

USD/JPY Forecast February 4, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 04 February 2015 05:39 UTC
The USD/JPY pair broke higher during the course of the session on Tuesday, but as you can see we still remain tight out in consolidation. Because of that, the market looks as if it’s ready to simply grind sideways and not really make much of a statement here. With that being the case, we are on th ...

USD/CAD Forecast February 4, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 04 February 2015 05:38 UTC
The USD/CAD pair broke down during the course of the session on Tuesday, slicing through the 1.25 handle. In fact, we dipped all the way down to the 1.24 level by the time the day was over so it does look like we could have a little bit of an extension of the pullback. Nonetheless, this is a market ...

GBP/USD Forecast February 4, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 04 February 2015 05:37 UTC
The GBP/USD pair broke higher during the course of the session on Tuesday, as we continue to consolidate just above the 1.50 level. That area is of course a massively supportive region, and therefore we think that the market is going to continue to struggle in this general vicinity, as it is so impo ...

EUR/USD Forecast February 4, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 04 February 2015 05:37 UTC
The EUR/USD pair broke higher during the day on Tuesday, slamming into the 1.15 level. However, this is an area that begins a cluster of resistance up to the 1.1650 level, and that of course is followed by the 1.18 resistance barrier which extends all the way to the 1.20 level. Ultimately, we are si ...

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