Sponsors

Daily Forex Reports


USD/CAD Triangle Pullback (March 26, 2014)

Daily Forex Reports | by Kate Curtis | Wednesday, 26 March 2014 07:27 UTC
USD/CAD recently broke above a triangle pattern on its 4-hour time frame, suggesting that the uptrend is ready to resume. This breakout was sparked by comments from BOC Governor Poloz, suggesting that a rate cut might be in the cards. After its rally past the 1.1200 mark though, USD/CAD retreated b ...

USD/JPY Forecast March 26, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 26 March 2014 05:19 UTC
The USD/JPY pair did very little during the session on Tuesday, as we continue to hang about the 102.25 area. This being the case, it appears the markets are simply grinding its way sideways, but we know that there is a fairly significant longer-term uptrend line not too far from now, and as a resul ...

USD/CAD Forecast March 26, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 26 March 2014 05:19 UTC
The USD/CAD pair fell during the session on Tuesday, but as you can see we’re still above the support level at the 1.11 level. We believe that that area should bring in buyers back into the market, and as a result we should see a supportive candle for fairly soon. A supportive candle would have us ...

GBP/USD Forecast March 26, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 26 March 2014 05:18 UTC
The GBP/USD pair rose during the session on Tuesday, using the 1.65 level as a bit of a springboard. With that being the case, we feel that this market is in fact going to grind higher, but could run into trouble at the 1.6650 level. In the meantime though, that is our short-term target, and using s ...

EUR/USD Forecast March 26, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 26 March 2014 05:17 UTC
The EUR/USD pair tried to fall apart during the session on Tuesday, but as you can see the 1.3750 level offered enough support to push the market higher, and move it back enough to form a hammer. This hammer suggests that the market is in fact going to go higher, and perhaps try to break above the 1 ...

AUD/USD Forecast March 26, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 26 March 2014 05:16 UTC
The AUD/USD pair rose during the session on Tuesday, breaking above the 0.9150 handle. This is a trigger for us, and we believe that this market is now going to head to the 0.9250 level. That being the case, we feel that this market will be bought on pullbacks, and short-term charts will more than l ...

NZD/USD Uptrend To Resume? (March 25, 2014)

Daily Forex Reports | by Kate Curtis | Tuesday, 25 March 2014 10:44 UTC
NZD/USD is still in an uptrend, with the rising trend line on the 1-hour time frame very much intact. Positive carry, thanks to the recent RBNZ interest rate hike, is keeping the pair afloat in the near term despite remarks from Finance Minister English regarding potential Kiwi depreciation. Do tak ...

USD/JPY Forecast March 25, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 25 March 2014 05:21 UTC
The USD/JPY pair tried to rally during the session on Monday, but as you can see found way too much in the form of resistance at the 102.50 level. Because of this, the market pullback informed a shooting star which of course is a very bearish sign. This very sign though doesn’t necessarily get us ...

USD/CAD Forecast March 25, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 25 March 2014 05:21 UTC
The USD/CAD pair fell during the bulk of the session on Monday, but as you can see is still elevated from where we had been trading. With that in mind, we feel that supportive candles will be buying opportunities, and that this market will eventually head to the 1.15 level given enough time. We beli ...

GBP/USD Forecast March 25, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 25 March 2014 05:20 UTC
The GBP/USD pair went back and forth during the session on Monday, essentially hugging the 1.65 handle. That being the case, the market appears like it’s trying to find some type of base around here, which is what we would expect to see any way based upon previous candlestick formations. This area ...

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.