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Daily Forex Reports


EUR/USD Forecast September 7, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 07 September 2016 04:24 UTC
The EUR/USD pair had a very strong session on Tuesday, slicing through the 1.12 level during the day. This of course signifies that we are heading back into the previous consolidation area, and it should reach towards the 1.1350 level. Ultimately, when we pullback from here it’s likely that we wil ...

AUD/USD Forecast September 7, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 07 September 2016 04:23 UTC
The AUD/USD pair broke higher during the course of the session on Tuesday, slamming into the 0.7675 handle. This is an area that was pretty big resistance, and now that we get an interest-rate announcement coming out of the Reserve Bank of Australia today, we could get more reason to think that this ...

GBPUSD Ascending Channel (Sep 07, 2016)

Daily Forex Reports | by Kate Curtis | Wednesday, 07 September 2016 03:43 UTC
GBPUSD has been trending higher on its 1-hour chart, moving inside an ascending channel and testing the resistance. If the ceiling holds for now, price could pull back to the channel support before resuming its climb. Applying the Fib tool on the latest swing low and high shows that the 50% to 61.8 ...

USD/JPY Forecast September 6, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 06 September 2016 06:11 UTC
USD/JPY markets fell during the day on Monday, as we continue to see quite a bit of volatility in this pair. I believe that the 102.50 level below is supportive though, so sooner or later the buyers will return. A supportive candle is reason enough to go long, and with that being the case I think it ...

USD/CAD Forecast September 6, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 06 September 2016 06:10 UTC
The USD/CAD pair broke down during the course of the day on Monday, slamming into the 1.29 handle. By doing so, we ended up testing the support that one would expect there due to the action a couple of weeks ago, and now it appears that we are trying to break down below there. With the fact that thi ...

GBP/USD Forecast September 6, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 06 September 2016 06:09 UTC
The British pound initially tried to rally during the day on Monday, but turn right back around to form a shooting star. The shooting star of course is a negative sign, and as a result I believe we are going to start falling yet again. This is a market that has been struggling for a while longer ter ...

EUR/USD Forecast September 6, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 06 September 2016 06:08 UTC
The EUR/USD pair went back and forth during the course of the day on Monday, essentially settling nothing. Perhaps lack of volume was part of the problem as Americans were away for Labor Day. That being the case, it still looks as if the 1.12 level above will be resistive, but the 1.11 level below i ...

AUD/USD Forecast September 6, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 06 September 2016 06:07 UTC
The AUD/USD pair rallied slightly during the day on Monday, but we await the Reserve Bank of Australia and its interest-rate announcement first thing in the morning. With this, it’s likely to see a lot of volatility in the short-term. There are quite a few areas of resistance above, so this point ...

EURAUD Range Support (Sep 06, 2016)

Daily Forex Reports | by Kate Curtis | Tuesday, 06 September 2016 03:18 UTC
EURAUD seems to be trading inside a range these days, finding support at the 1.4500 major psychological mark and resistance at 1.4850. Price bounced off the top of the range and seems to have its sights set on the bottom once more.  The 100 SMA is above the 200 SMA on the 4-hour time frame, indica ...

GBPJPY Long-Term Reversal (Sep 05, 2016)

Daily Forex Reports | by Kate Curtis | Monday, 05 September 2016 07:56 UTC
GBPJPY could be due for a long-term reversal, as price formed a double bottom pattern on its 4-hour chart. The pair failed in its last two attempts to break below the 129.00 area and is on its way to test the neckline at the 141.00 mark. A break above this neckline could confirm the potential revers ...

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