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Daily Forex Reports


AUDUSD Short-Term Pullback (Aug 5, 2015)

Daily Forex Reports | by Kate Curtis | Wednesday, 05 August 2015 07:46 UTC
AUDUSD recently surged past the .7350 minor psychological resistance, which has served as a barrier towards the end of last month. Price topped out around .7420 and is showing signs of a pullback to the broken resistance. This potential area of interest lines up with the 38.2% Fibonacci retracement ...

USD/JPY Forecast August 5, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 05 August 2015 05:50 UTC
The USD/JPY pair initially fell during the course of the session on Tuesday, but found enough support below the 124 level to turn things back around and form a hammer. Because of this, the market should then head towards the 1.25 handle given enough time, and with the Nonfarm Payroll Numbers coming ...

USD/CAD Forecast August 5, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 05 August 2015 05:49 UTC
The USD/CAD pair initially fell during the course of the session on Tuesday, but found enough support below to turn things back around and form a hammer. The hammer of course is a bullish sign, so we can break above the top of the range, we would be buyers as the market should then head towards the ...

GBP/USD Forecast August 5, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 05 August 2015 05:49 UTC
The GBP/USD pair went back and forth during the course of the day on Tuesday, essentially settling nothing. With that being the case, the markets look like they are going to continue to consolidate overall, with the 1.55 level being the bottom, and the 1.57 level above being the top. Ultimately, thi ...

EUR/USD Forecast August 5, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 05 August 2015 05:48 UTC
The EUR/USD pair initially tried to rally during the course of the session on Tuesday, but found the 1.10 level to be a bit too resistive. With this, we ended up forming a shooting star we think that the market will probably break down towards the 1.08 handle. With the Nonfarm Payroll Numbers coming ...

AUD/USD Forecast August 5, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 05 August 2015 05:47 UTC
The AUD/USD pair broke higher during the course of the day on Tuesday as the RBA suggested that perhaps rate hikes could be in the future, at least before any type of rate cut. The Reserve Bank of Australia suggested that the weakening Australian dollar continues to be a driver of economic growth, a ...

CADJPY Triangle Breakout (Aug 4, 2015)

Daily Forex Reports | by Kate Curtis | Tuesday, 04 August 2015 07:44 UTC
CADJPY had been trading inside a descending triangle pattern on its 4-hour time frame before the pair made a break below support. This suggests that further losses are likely, possibly triggering a downtrend of around 400 pips or the same height as the chart pattern.   The 100 SMA is below the 20 ...

USD/JPY Forecast August 4, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 04 August 2015 05:57 UTC
The USD/JPY pair went back and forth during the course of the session on Monday, essentially settling nothing. With that, we believe that the market ultimately is bullish, but at the end of the day we don’t really have much in the way of interest in putting money to work at the moment. A little bi ...

USD/CAD Forecast August 4, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 04 August 2015 05:56 UTC
The USD/CAD pair broke higher during the course of the session on Wednesday, breaking above the 1.31 handle handily. We believe that the market will continue to find buyers every time it dips, especially considering that the oil markets show so much in the way of weakness. Remember, the oil markets ...

GBP/USD Forecast August 4, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 04 August 2015 05:56 UTC
The GBP/USD pair fell again during the session on Monday, but we are essentially just grinding sideways overall. With that being the case, the market looks as if we could see significant consolidation in the short-term, but ultimately we believe that this pair does go higher. With this, we are buyer ...

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