Sponsors

Daily Forex Reports


AUD/USD Forecast July 3, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 03 July 2014 06:32 UTC
The AUD/USD pair fell significantly during the session on Wednesday, taking back most of the gains from the Tuesday session. This being the case, the market looks as if it’s trying to find support at the site of the initial breakout from the ascending triangle that we had been in. With that, we ar ...

AUD/USD Channel Bounce? (July 2, 2014)

Daily Forex Reports | by Kate Curtis | Wednesday, 02 July 2014 09:03 UTC
The rising channel on AUD/USD’s 1-hour forex chart is still holding and it appears the pair found resistance at the .9500 major psychological level, which lines up with the top of the channel. At the same time, stochastic is moving down from the overbought zone, indicating enough selling momentum ...

USD/JPY Forecast July 2, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 02 July 2014 07:13 UTC
The USD/JPY pair rose during the course of the session on Tuesday, showing the support that we had anticipated previously. The fact that this market now shows support suggests to us that in fact the longer-term consolidation will hold. We like buying a break of the top of the range for the Tuesday s ...

USD/CAD Forecast July 2, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 02 July 2014 07:12 UTC
The USD/CAD pair fell during the session on Tuesday, but remains above the 1.06 handle. It is not until we clear that area to the downside that we are comfortable selling. In fact, with the nonfarm payroll number coming out on Thursday we believe that this market could very well be getting ready to ...

GBP/USD Forecast July 2, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 02 July 2014 07:11 UTC
The GBP/USD pair continued its bullish move on Tuesday, breaking above the 1.7150 level. The action from the Tuesday session suggests that the market is in fact going to continue going higher, as we try to get to the 1.75 level. That is the next major resistance area at our opinion, and we do think ...

EUR/USD Forecast July 2, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 02 July 2014 07:11 UTC
The EUR/USD pair fell during the session on Tuesday, as the 1.37 level did in fact offer resistance. This is been the case for this level for some time now, and although we did shoot through quite a bit of resistance to get here, the truth is that the nonfarm payroll numbers coming out on Thursday w ...

AUD/USD Forecast July 2, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 02 July 2014 07:10 UTC
The AUD/USD pair did in fact have a strong move during the session on Tuesday, but failed to break above the 0.95 level. Because of this, we are a bit hesitant to go long at this point as we feel the market has to get above that level to be wholly clear of the sellers. Once we get above there though ...

Quantitative Weekly FX Forecast – 30th June, 2014

Daily Forex Reports | by ForexCycle.com | Tuesday, 01 July 2014 09:43 UTC
Each week and calendar month, quantitative analysis is used to determine certain probable price movements which can be forecasted.Previous Monthly Forecast for June 2014I forecasted that during June, it was probable that AUD/SEK would rise. This cross has in fact risen already by 1.97% so far this m ...

EUR/AUD Trend Line Test (July 1, 2014)

Daily Forex Reports | by Kate Curtis | Tuesday, 01 July 2014 07:04 UTC
The downtrend of EUR/AUD is still intact, as the pair is trading below a falling trend line on its 4-hour time frame. However, the upcoming events this week could be crucial in determining whether this trend will carry on or not. Price is testing the 38.2% Fibonacci retracement level, which is arou ...

GBP/AUD Descending Triangle Pattern (June 30, 2014)

Daily Forex Reports | by Kate Curtis | Monday, 30 June 2014 09:12 UTC
GBP/AUD is consolidating inside a descending triangle pattern, showing a potential range play for short-term traders or a possible breakout and longer-term bias for swing traders. Price is just testing the top of the triangle with stochastic moving down from the overbought zone. This suggests that ...

Recommended Forex Trading Platforms

Forex Trading We know that the right opportunity can happen at anytime, anywhere. Saxo Capital Markets is committed to giving you a suite of platforms that will enable you to access your account and trade the markets whenever and wherever you want.

Sponsors

Subscribe to Newsletter

To receive alerts by email when Free Forex Analysis are updated. Enter your email address below.