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Daily Forex Reports


USDJPY Triangle Breakout (Nov 28, 2014)

Daily Forex Reports | by Kate Curtis | Friday, 28 November 2014 10:55 UTC
USDJPY showed more momentum as it broke above the descending triangle resistance in today’s Asian trading session. This could be a sign that the pair is in for at least 150 pips in gains, which is the same height as the chart pattern. Stochastic is already in the overbought area though, indicatin ...

AUDUSD Descending Trend Line (Nov 27, 2014)

Daily Forex Reports | by Kate Curtis | Thursday, 27 November 2014 04:00 UTC
AUDUSD might be in for another major retracement, as price could make its way up to the falling trend line connecting the latest highs of price action. The pair previously broke through support around the .8700-.8800 major psychological mark and dipped to the .8500 handle. Since then, the pair has ...

USD/JPY Forecast November 26, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 26 November 2014 05:05 UTC
The USD/JPY pair initially tried to rally during the session on Tuesday, but as you can see continue to simply go sideways. The marketplace will probably do very little over the next 24 hours, as the Americans had off towards their Thanksgiving dinners. With that being the case, we feel that waiting ...

USD/CAD Forecast November 26, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 26 November 2014 05:05 UTC
The USD/CAD pair tried to break above the 1.13 level during the session on Tuesday, but ended up falling. That being the case, we ended up forming a negative candle but we believe that the market is simply trying to build up enough momentum to go higher, as the uptrend is still very much intact. We ...

GBP/USD Forecast November 26, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 26 November 2014 05:04 UTC
The GBP/USD went back on forth on Tuesday, but continues to struggle at the 1.57 level. The area just above should continue to offer resistance, and we feel that the 1.60 level is where the resistance goes to. The pair is most certainly bearish, and as a result we believe this pair goes much lower, ...

EUR/USD Forecast November 26, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 26 November 2014 05:04 UTC
The EUR/USD pair initially fell during the course of the session on Tuesday, but ended up heading back towards the 1.25 handle. It’s actually the 1.26 level that we think that the significant resistance will come back into play and pushes market back down. Ultimately, we believe that the Euro cont ...

AUD/USD Forecast November 26, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 26 November 2014 05:02 UTC
The AUD/USD pair has broken down below the recent low, and looks as if it’s ready to head down to the 0.85 handle. That area should be massively supportive, as the market should continue to go lower from there. We believe that ultimately if we can get below the 0.85 level, the market should then h ...

GBPJPY Potential Reversal (Nov 26, 2014)

Daily Forex Reports | by Kate Curtis | Wednesday, 26 November 2014 03:26 UTC
GBPJPY formed a double top pattern on its 1-hour forex chart, hinting that a potential sellof is in the cards. The pair is still a hundred pips away from testing the neckline support at the 184.00 levels. A break below the neckline could send GBPJPY lower by as much as 200 pips, which is the same h ...

USD/JPY Forecast November 25, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 25 November 2014 05:22 UTC
The USD/JPY pair initially went higher during the course of the session on Monday, and as you can see there really wasn’t much in the way of a range to trade. The market is simply sitting just above the 118 level, and as a result we think that the market is probably going to be fairly quiet for th ...

USD/CAD Forecast November 25, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 25 November 2014 05:21 UTC
The USD/CAD pair had a strong will higher during the course of the day on Monday, testing the 1.13 handle. That area of course has been supportive in the past so it’s not a big surprise that is resistive now. Ultimately, any pullback from here should be a buying opportunity, just as a move above t ...

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