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Daily Forex Reports


EUR/USD Forecast August 26, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 26 August 2014 10:49 UTC
The EUR/USD pair gapped lower at the open on Monday, as the bearish pressure on the Euro continues. Breaking below the 1.33 level was of course a negative sign, and we believe that this market continues to drift lower, probably targeting the 1.30 handle first. After that, we would anticipate this ma ...

AUD/USD Forecast August 26, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 26 August 2014 10:47 UTC
The AUD/USD pair tried to rally during the session on Monday, but fell back down and formed a shooting star. That being the case, the market looks like a market that is still trying to go sideways. There is a significant amount of support down at the 0.92 area, and it is not until we break down belo ...

AUDJPY Pullback Trade (August 26, 2014)

Daily Forex Reports | by Kate Curtis | Tuesday, 26 August 2014 07:29 UTC
AUDJPY recently made a strong break past the 96.00 major psychological resistance level, which has acted as a long-term ceiling for price rallies. This could be a sign that more gains are in the cards for the pair, but a correction might take place first before it heads further north. Using the Fib ...

GBPJPY Rising Trend Channel (August 25, 2014)

Daily Forex Reports | by Kate Curtis | Monday, 25 August 2014 06:18 UTC
GBPJPY has been moving in an uptrend since mid-March, as price has been trading inside a rising trend channel visible on its 4-hour forex chart. Price has recently tested the channel support and bounced off the 171.00 major psychological level, possibly making its way back to the top of the channel. ...

USD/JPY Forecast August 25, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Sunday, 24 August 2014 00:30 UTC
The USD/JPY pair went back and forth during the course of the day on Friday, essentially showing that it is a very confused market. We don’t really believe that wholeheartedly, but would rather anticipate that we are probably going to drift a little bit lower in order to build enough pressure to t ...

USD/CAD Forecast August 25, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Sunday, 24 August 2014 00:29 UTC
The USD/CAD pair went back and forth on Friday, initially trying to break out but finding the 1.10 level too resistive yet again and formed a shooting star. The shooting star courses negative, but we do not look at it as a selling opportunity. We believe that this is a pullback to the 1.09 level wai ...

GBP/USD Forecast August 25, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Sunday, 24 August 2014 00:28 UTC
The GBP/USD pair went back and forth during the day on Friday, essentially settling nothing. With that, we feel that the market is probably going to continue to be very flat, as we think the 1.65 level below is massively supportive. Because of that, we have no interest in selling this market because ...

EUR/USD Forecast August 25, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Sunday, 24 August 2014 00:28 UTC
The EUR/USD pair broke down during the course of the day on Friday, did bounce a little bit just above the 1.32 level. We believe that this market continues to sell off, but you should use short-term charts in order to find of selling opportunities. 1.33 should continue to be resistive, and we belie ...

AUD/USD Forecast August 25, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Sunday, 24 August 2014 00:27 UTC
The AUD/USD pair broke higher during the session on Friday, but as you can see ran into enough resistance to turn things back around and form a shooting star. The shooting star of course is a negative sign, but we have a massive hammer underneath it. That tells us that the market is essentially goin ...

Will the British Pound rebound? – Paxforex

Daily Forex Reports | by Paxforex | Friday, 22 August 2014 11:04 UTC
The British Pound has lost a lot of ground over the past few trading weeks as forex traders decided to take profits after a strong rally. The rally in the British Pound which lasted several months was primarily fueled by hopes of an increase in interest rates by the Bank of England’s Monetary Poli ...

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