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Daily Forex Reports


AUD/USD Forecast October 10, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 10 October 2014 08:11 UTC
The AUD/USD pair fell during the course of the day on Thursday, slicing back below the 0.88 handle, showing just how hard it is for the Australian dollar to pick up any serious traction to the upside. With that, we feel that this market probably continues to drift lower but in a fairly choppy manner ...

GBPNZD Retracement Play (Oct 10, 2014)

Daily Forex Reports | by Kate Curtis | Friday, 10 October 2014 03:11 UTC
GBPNZD has been on a strong uptrend in the past few weeks, as diverging monetary policy biases have driven the pair to the 2.1000 levels. A correction is taking place, with the pair pulling back to the Fibonacci levels on the 4-hour chart. The 38.2% Fibonacci level lines up with the 100 simple movi ...

EURUSD Major Correction (Oct 9, 2014)

Daily Forex Reports | by Kate Curtis | Thursday, 09 October 2014 04:50 UTC
EURUSD seems to have capped off its selloff, as price is now retreating from the 1.2500 levels to the 1.2700 area. The pair got a boost from a dovish FOMC minutes, which indicated that the Fed isn’t likely to hike interest rates early next year. A pullback could take EURUSD up to the previous sup ...

USDJPY Potential Reversal (Oct 8, 2014)

Daily Forex Reports | by Kate Curtis | Wednesday, 08 October 2014 04:53 UTC
USDJPY appears to be having trouble sustaining its gains past the 110.00 major psychological resistance, as a double top pattern has formed on its 4-hour time frame. Price is currently testing the neckline around the 108.00 handle. A break below this level might confirm that a selloff is in the car ...

USD/JPY Forecast October 7, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 07 October 2014 06:03 UTC
The USD/JPY pair fell during the course of the day on Monday, testing the 108.50 support area. We think that there is support all the way down to the 108 handle, so we have no interest whatsoever in selling this market. We believe that buying is the only thing you can do, based upon consolidation or ...

USD/CAD Forecast October 7, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 07 October 2014 06:02 UTC
The USD/CAD pair fell hard during the course of the day on Monday, slicing through the 1.12 level as the Ivey numbers out of Canada came out stronger than anticipated. However, we are still well within the uptrend, and the market should find support somewhere, probably around the 1.11 level. If we l ...

GBP/USD Forecast October 7, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 07 October 2014 06:02 UTC
The GBP/USD pair broke much higher during the course of the day on Monday, breaking out above the 1.6050 region. The market still is a very bearish though, so we have no interest whatsoever in buying this market, and we simply are waiting for some type of resistant candle in order to start selling. ...

EUR/USD Forecast October 7, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 07 October 2014 06:01 UTC
The EUR/USD pair broke higher during the course of the day on Monday, testing the 1.2650 region. With that, it appears that the market is running into significant resistance, and as a result the market will more than likely find sellers between here and the all-important 1.28 handle. We are waiting ...

AUD/USD Forecast October 7, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 07 October 2014 06:00 UTC
The AUD/USD pair broke higher during the course of the day on Monday, testing the 0.88 handle for resistance. With that, the market appears to be consolidating in this general vicinity, and we would have quite a bit of interest in shorting a negative candle in this area. If the market gets that, we ...

EURUSD Descending Trend Line (Oct 7, 2014)

Daily Forex Reports | by Kate Curtis | Tuesday, 07 October 2014 03:16 UTC
EURUSD has been moving in a downtrend for quite some time, forming a descending trend line in connecting the recent highs. The pair has bounced off the 1.2500 major psychological support level and pulled up to the 1.2650 area, which lines up with the trend line and 200 SMA resistance. Stochastic is ...

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