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Daily Forex Reports


GBP/USD Forecast July 1, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 01 July 2016 05:41 UTC
The GBP/USD pair fell during the course of the session on Thursday, as we continue to go back and forth and try to build up enough downward pressure to continue to go lower. At this point in time, I believe that the British pound will reach towards the 1.30 level, and then perhaps even lower than th ...

EUR/USD Forecast July 1, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 01 July 2016 05:40 UTC
The EUR/USD pair initially tried to rally during the day on Thursday, but turned right back around to fall fairly significantly during the day. The previous uptrend line acted as resistance, and now it appears that we will probably try to grind our way down to the 1.10 level, and then perhaps even l ...

AUD/USD Forecast July 1, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 01 July 2016 05:39 UTC
The AUD/USD pair initially fell during the course of the day on Thursday, but turned back around to form a hammer. Ultimately, I believe that the 0.75 level above is resistive as well, so with all the noise is going to be very difficult to trade the Australian dollar, so I am on the sidelines when i ...

NZDJPY Pullback to Broken Support (July 01, 2016)

Daily Forex Reports | by Kate Curtis | Friday, 01 July 2016 03:20 UTC
NZDJPY has been edging higher recently, pulling up from its sharp dive. Using the Fib tool on the latest swing high and low on the daily time frame shows that price is currently testing the 50% retracement level, which lines up with a broken long-term support area around the 73.00 major psychologica ...

USDCAD Symmetrical Triangle (June 30, 2016)

Daily Forex Reports | by Kate Curtis | Thursday, 30 June 2016 02:41 UTC
USDCAD has formed lower highs and higher lows, creating a symmetrical triangle pattern on its daily time frame. Price is just coming off a test of the triangle resistance and looks ready to make a test of support around the 1.2800 major psychological level. The 100 SMA is below the 200 SMA on this ...

USD/JPY Forecast June 29, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 29 June 2016 05:17 UTC
The USD/JPY pair rose during the day on Tuesday, as there was more of a “risk on” type of move in the financial markets. However, there is still one out there that could move the markets in a negative way. With this, I’m looking for an exhaustive candle in order to start selling and at this po ...

USD/CAD Forecast June 29, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 29 June 2016 05:16 UTC
The USD/CAD pair initially fell during the day in a bit of a “risk on” type of move. However, the 1.30 level has offered enough support to turn the market back around and form a bit of a hammer. With this, it looks as if the buyers are still very much in control, and as oil markets continue to s ...

GBP/USD Forecast June 29, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 29 June 2016 05:15 UTC
The GBP/USD pair rose slightly during the course of the session on Tuesday, but did get back some of the gains. This is essentially a “dead cat bounce” of sorts, because we do know that the British pound should be devalued over the longer term. With this, I’m looking for exhaustion on short-te ...

EUR/USD Forecast June 29, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 29 June 2016 05:14 UTC
The EUR/USD pair rallied initially during the day on Tuesday, filling the gap from Monday. However, you can see that we turn right back around and we are now looking very soft and could very well drift below the 1.10 level. If we can break down below there, market could continue to go much lower and ...

AUD/USD Forecast June 29, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 29 June 2016 05:14 UTC
The Australian dollar initially bounced against the US dollar during the day on Tuesday, but gave back most the gains in order to form a bit of a shooting star. This is obviously a very negative sign, and therefore think we are simply trying to build up enough momentum to break down. I am a seller r ...

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