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Daily Forex Reports


EUR/USD Forecast April 12, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 12 April 2016 10:26 UTC
The EUR/USD pair went back and forth during the course of the day on Monday, showing quite a bit of confusion at the 1.14 handle which of course is the beginning of massive resistance. It extends all the way to the 1.15 handle, so this point in time we believe that the pair sitting in this general v ...

AUD/USD Forecast April 12, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 12 April 2016 10:25 UTC
The AUD/USD pair initially tried to pull back during the course of the session on Monday but then ended up rallying. This is a market that continues to consolidate between the 0.75 level, and the 0.77 level, and that means of course that we should continue to see choppiness. However, it appears that ...

GBPJPY Major Retracement (Apr 12, 2016)

Daily Forex Reports | by Kate Curtis | Tuesday, 12 April 2016 05:10 UTC
GBPJPY has been trending lower on the longer-term time frames but it looks like a retracement is in order. Price bounced off the 151.50 minor psychological support and might be due for a pullback to the descending trend line connecting the latest highs of price action.  This coincides with the are ...

GBPUSD Reversal Pattern (Apr 11, 2016)

Daily Forex Reports | by Kate Curtis | Monday, 11 April 2016 08:43 UTC
GBPUSD has formed a head and shoulders pattern on its 4-hour time frame, suggesting a potential reversal from the previous uptrend. Price is testing the neckline around the 1.4050-1.4100 levels and a break could be enough to confirm that a downtrend is underway. The chart pattern is approximately 4 ...

USD/JPY Forecast April 11, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Monday, 11 April 2016 05:28 UTC
The USD/JPY pair initially tried to rally during the course of the session on Friday, but turned right back around in order to form a bit of a shooting star. This suggests that we are going to continue to see bearish pressure, but this point in time I believe that the USD/JPY pair will continue to s ...

GBP/USD Forecast April 11, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Monday, 11 April 2016 05:27 UTC
The GBP/USD pair rose during the course of the session on Friday, as we continue to see quite a bit of supportive action just below. The 1.40 level looks to be massively supportive, as we have been consolidating for some time between the 1.40 level, and the 1.45 level. A break above the top of the r ...

USD/CAD Forecast April 11, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Monday, 11 April 2016 05:27 UTC
The USD/CAD pair fell during the course of the session on Friday, testing the 1.30 level for support. This is an area that shows quite a bit of support, and it extends all the way down to the 1.29 level. That being the case, the market should continue to find buyers in this area, but if we break dow ...

EUR/USD Forecast April 11, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Monday, 11 April 2016 05:26 UTC
The EUR/USD pair rose slightly during the course of the session on Friday, as we continue to see the market bounce around and go back and forth just below the 1.14 handle. If we can break above the top of the range that we’ve seen over the last couple of days, it’s possible that we will make a m ...

AUD/USD Forecast April 11, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Monday, 11 April 2016 05:25 UTC
The AUD/USD pair initially tried to rally during the course of the session on Friday, but turn right back around to form a shooting star. The shooting star is very negative, but we are sitting above a massive amount of support all the way down to the 0.74 level, starting at the 0.75 handle. A suppor ...

USD/JPY Forecast April 8, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 08 April 2016 06:21 UTC
The USD/JPY pair fell during the course of the session on Thursday, as we continue to see quite a bit of concern about global markets. Remember, the Japanese yen tends to be a bit of a safety currency, and as a result it looks as if we will continue to see bearish pressure. Short-term rallies that s ...

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