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Daily Forex Reports


USD/CAD Forecast October 3, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 03 October 2014 07:46 UTC
The USD/CAD pair rose during the course of the day on Thursday, using the 1.11 level as support. That being the case, the market looks like it’s heading back towards the 1.12 handle, as this market is very sensitive to the employment numbers coming out of the United States today. If the numbers ar ...

GBP/USD Forecast October 3, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 03 October 2014 07:42 UTC
The GBP/USD pair fell hard during the session on Thursday, crashing into the 1.6150 area. The market looks as if it’s ready to continue going lower, but there is a significant amount of support at the 1.60 level, so it is a fairly short-term trade that we would be looking out to the downside. Shor ...

EUR/USD Forecast September 3, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 03 October 2014 07:41 UTC
The EUR/USD pair fell initially during the session on Thursday, bouncing later in order to form a hammer. This hammer suggests that we are going to try to make a move above the 1.27 level, and perhaps against the 1.28 handle. The 1.28 handle in our opinion is much more resistive, and as a result we ...

AUD/USD Forecast October 3, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 03 October 2014 07:40 UTC
The AUD/USD pair fell during the session initially on Thursday, but found enough support to turn things back around and form a hammer. It now looks like the 0.88 level is supportive, and we could bounce back to the 0.90 level. Because of that, we think that there could be short-term buying opportuni ...

USD/JPY Forecast September 2, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 02 October 2014 07:00 UTC
The USD/JPY pair fell from the 110 level during the session on Wednesday, proving that we are not quite ready to continue the next leg higher. However, with the nonfarm payroll numbers coming out on Friday, we believe that this market could very well make the break then. Between now and then, we wou ...

USD/CAD Forecast September 2, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 02 October 2014 06:59 UTC
The USD/CAD pair fell during the course of the day on Wednesday, breaking back below the 1.12 level. However, the 1.1150 level is the epicenter of a significant amount of support as far as we can see on this chart, so we feel that the downside is somewhat limited. Ultimately, if the market forms a b ...

GBP/USD Forecast October 2, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 02 October 2014 06:58 UTC
The GBP/USD pair tried to rally during the course of the day on Wednesday, but failed at the 1.63 region. By doing so, we ended up forming a shooting star, and that of course is a fairly negative sign. We believe that this market will continue to go lower, probably heading to the 1.60 handle given e ...

EUR/USD Forecast October 2, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 02 October 2014 06:58 UTC
The EUR/USD pair went back and forth during the course of the day on Wednesday, essentially hugging the 1.62 level. This isn’t a big surprise though, as the ECB has an interest rate decision coming out later today. With that, it will be the statement and the question-and-answer segment that will b ...

AUD/USD Forecast October 2, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 02 October 2014 06:57 UTC
The AUD/USD pair rose during the course of the day on Wednesday, showing that the market is ready to continue consolidating in this area. We see the 0.88 level above as being resistive, so we feel that any short-term rallies will more than likely find sellers. This being the case, the market looks a ...

USD/JPY Forecast October 1, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 01 October 2014 08:10 UTC
The USD/JPY pair went higher during the course of the day on Tuesday, testing the 110 level again. That level has been resistive, and showed it strength again during the session. However, we believe that the 110 level will be broken to the upside eventually, and at this point in time short-term pull ...

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