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Daily Forex Reports


USD/CAD Forecast January 30, 2017, Technical Analysis

Daily Forex Reports | by FX Empire | Saturday, 28 January 2017 10:04 UTC
The USD/CAD pair broke higher on Friday, testing and slicing through the top of the shooting star from Thursday. This is a bullish sign, so I think we will reach towards the previous uptrend lined again, if not higher than that. We have made a “higher low”, so it is possible that the buyers ar ...

GBP/USD Forecast January 30, 2017, Technical Analysis

Daily Forex Reports | by FX Empire | Saturday, 28 January 2017 10:04 UTC
The GBP/USD pair fell initially on Friday but found the 1.25 level to be supportive enough to turn things around. I think the longer-term, the British pound is going to break out to the upside, so I am a buyer of this pair on the daily chart. If we can stay above the 1.24 level, I think the idea o ...

EUR/USD Forecast January 30, 2017, Technical Analysis

Daily Forex Reports | by FX Empire | Saturday, 28 January 2017 10:03 UTC
The EUR/USD pair tried to rally on Friday but gave back most of the gains to form a shooting star. The shooting star sits on top of the 50-day exponential moving average, so we can break down below that moving average, I’m a seller. I should also point out that the weekly candle is also a shooti ...

AUD/USD Forecast January 30, 2017, Technical Analysis

Daily Forex Reports | by FX Empire | Saturday, 28 January 2017 10:02 UTC
The AUD/USD pair had a volatile session on Friday, forming something a can to a shooting star, but I think that the 0.75 level is going to be massively supportive. If we break down below it, we should then go looking for even more support at the 0.74 level. If we can break above the 0.76 level, I ...

USD/JPY Forecast January 27, 2017, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 27 January 2017 09:08 UTC
The US dollar rallied against the Japanese yen during the day on Thursday, pressing against the vital 115 handle. This is an area that has been resistive in the past, as well as supportive, so I believe that there will be a significant amount of interest in the market near that level. I also recog ...

USD/CAD Forecast January 27, 2017, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 27 January 2017 09:08 UTC
The USD/CAD pair initially fell of it during the day on Thursday, but found enough support to turn things around in form a bullish candle. It looks as if the market is trying to make a stand near the 1.30 handle, and of course oil markets will have a massive effect on this market. This being the c ...

GBP/USD Forecast January 27, 2017, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 27 January 2017 09:07 UTC
The GBP/USD pair initially tried to rally, but turned around to fall during the day. I believe that there is a massive amount of support at the 1.25 handle however, and thus I am willing to buy supportive candles in that region. As far selling is concerned, we would need to breakdown below the bot ...

EUR/USD Forecast January 27, 2017, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 27 January 2017 09:06 UTC
The EUR/USD pair fell significantly on Thursday, as the 1.0750 level offered massive resistance. By breaking down like this, I believe that the market continues to go lower, perhaps reaching towards the 1.05 level underneath. A breakdown below the red moving average on the chart, which is the 50-d ...

AUD/USD Forecast January 27, 2017, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 27 January 2017 09:05 UTC
The Australian dollar had a negative session on Thursday, reaching towards the 0.75 level. This is an area where I suspect we will see quite a bit of support, so a supportive candle is reason enough to go long at this point. Alternately, if we breakdown below the 0.74 handle, I feel the market the ...

GBPUSD Long-Term Uptrend Signal (Jan 27, 2017)

Daily Forex Reports | by Kate Curtis | Friday, 27 January 2017 04:43 UTC
GBPUSD seems to be tired from its dive, as the pair formed a reversal pattern on its longer-term charts. Price failed in its last two attempts to break below the 1.1975 area, creating a double bottom formation with the neckline at 1.2750. A break past that level could take price up by around 800 pip ...

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