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Daily Forex Reports


EUR/USD January 8, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 08 January 2015 07:53 UTC
The EUR/USD pairfell during the session on Wednesday, testing the 1.18 handle. We see this as a major level of support, and the fact that it exists and we bounced off of it tells us that this pair isn’t ready to break down at this point in time. If we did though – this pair could go all the way ...

AUD/USD Forecast January 8, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 08 January 2015 07:51 UTC
The AUD/USD pair as you can see initially fell during the course of the session on Wednesday, but found enough support to turn things back around and form a hammer. We are just above the 0.80 level, an area that we think is massively supportive so quite frankly we would not be surprise at all to see ...

AUDUSD Reversal Pattern (Jan 8, 2015)

Daily Forex Reports | by Kate Curtis | Thursday, 08 January 2015 04:42 UTC
AUDUSD’s downtrend might be cut short, as price has formed a reversal pattern on its 1-hour time frame. A double bottom formation can be seen after the pair failed in its past two attempts to break below the .8050 minor psychological support level. The neckline of the chart pattern is located at ...

USD/JPY Forecast January 7, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 07 January 2015 06:29 UTC
The USD/JPY pair fell during most of the session on Tuesday, but found enough support near the 118.50 level to turn things back around and form a little bit of a hammer. That being the case, it looks as if we are ready to go higher from here, and as a result we are buyers above the top of the candle ...

USD/CAD Forecast January 7, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 07 January 2015 06:28 UTC
The USD/CAD pair rose during the session on Tuesday, trying to break out to the upside. If we can break above to a fresh, new high, we believe this market will continue to go much higher, probably offering an opportunity to continue on to the 1.20 level given enough time. However, you have to keep i ...

GBP/USD Forecast January 7, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 07 January 2015 06:28 UTC
The GBP/USD pair fell during the session on Tuesday, testing the very bottom of the hammer that informed from Monday. This is a very negative sign, and as a result if we break the bottom of the range for the session on Tuesday, we feel that this market will then ultimately go down to the 1.50 level. ...

EUR/USD Forecast January 7, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 07 January 2015 06:27 UTC
The EUR/USD pair fell initially during the session on Tuesday, and then just essentially sat there at the 1.19 level. It appears that we are ready to grind sideways between now and nonfarm payroll, and quite frankly considering that we are sitting at massive support on the longer-term charts, includ ...

AUD/USD Forecast January 7, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 07 January 2015 06:26 UTC
The AUD/USD pair initially tried to rally during the session on Tuesday, but as you can see struggled and ended up forming a shooting star. We are right at resistance anyway, so would not surprise us at all to see this market break down a little bit from here. With that, we would anticipate making a ...

EURGBP Support at .7800 (Jan 7, 2015)

Daily Forex Reports | by Kate Curtis | Wednesday, 07 January 2015 04:42 UTC
EURGBP recently bounced off the support of the range on its 4-hour time frame, suggesting that the sideways price action might carry on. Price could head back to the top of the range near the .8050 minor psychological resistance.   Stochastic just turned down from the overbought area though, refl ...

USD/JPY Forecast January 6, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 06 January 2015 08:22 UTC
The USD/JPY pair fell during the course of the session on Monday, slicing through the 120 level. Nonetheless, we continue to see a significant amount of support in this area, and as a result we feel that this market will ultimately go higher. However, we do not have the signal to place a trade at th ...

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