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Daily Forex Reports


USD/JPY Rising Trend Channel (April 1, 2014)

Daily Forex Reports | by Kate Curtis | Tuesday, 01 April 2014 07:17 UTC
USD/JPY has been on a strong rally lately after breaking above the consolidation pattern below the 102.50 minor psychological resistance. The pair seems close to testing another resistance level again, this time on top of the rising channel on its 4-hour time frame. Stochastic is already in the ove ...

USD/JPY Forecast April 1, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 01 April 2014 01:28 UTC
The USD/JPY pair rose during the session on Monday, breaking out above the 103 level. That is a significant break out as far as we’re concerned, showing that we will continue to have bullish pressure to the upside. Next, if we can break above the highs for the session on Monday, we believe that th ...

USD/CAD Forecast April 1, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 01 April 2014 01:27 UTC
The USD/CAD pair fell initially during the session on Monday, but as you can see found the 1.10 level to be supportive enough to bounce significantly and form a hammer. This is the second hammer in a row, so that of course is a very positive sign as the market has previously been in somewhat of an u ...

GBP/USD Forecast April 1, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 01 April 2014 01:26 UTC
The GBP/USD pair initially fell during the session on Monday, but found enough support below the range for the day that the market bounce back up and formed a hammer. This hammer of course suggests that we are going to more buying pressure, and with that we believe that we are going to go to the top ...

EUR/USD Forecast April 1, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 01 April 2014 01:26 UTC
The EUR/USD pair rose during the session on Monday, but had a very volatile trading range as we went back and forth. Ultimately, the market only gained fractionally, and as a result we are still my convinced that buying this market as possible. In fact, one has to wonder whether or not it’s going ...

AUD/USD Forecast April 1, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 01 April 2014 01:26 UTC
The AUD/USD pair initially fell during the session on Monday, but found the 0.9250 level to be supportive enough to bounce the market back around and form a hammer. This hammer of course is a buying opportunity typically, and a break above the top of it would in fact send more buyers into the market ...

USD/CHF Reversal Signals (March 31, 2014)

Daily Forex Reports | by Kate Curtis | Monday, 31 March 2014 08:04 UTC
On its daily time frame, USD/CHF has retraced to an area of interest around the .8900 major psychological level. This area served as support in the past and might hold as resistance moving forward. Stochastic is already indicating overbought conditions and might be ready to cross down soon. In addi ...

USD/JPY Forecast March 31, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Sunday, 30 March 2014 05:04 UTC
The USD/JPY pair rose during the session on Friday, breaking above the recent resistance that we’ve seen. However, we still see plenty of resistance above, so it’s not necessarily the “all clear” signal that we are hoping to have. Nonetheless, break of the highs could send this market lookin ...

USD/CAD Forecast March 31, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Sunday, 30 March 2014 05:04 UTC
The USD/CAD pair fell during the bulk of the session on Friday, but found enough support at the 1.10 level to turn things back around and form a little bit of a hammer. This suggests that we are in fact going to bounce are here and head back towards the top of the consolidation area, so on a break o ...

GBP/USD Forecast March 31, 2014, Technical Analysis

Daily Forex Reports | by FX Empire | Sunday, 30 March 2014 05:02 UTC
The GBP/USD pair rose during the session on Friday, plowing towards the 1.6650 handle. That is an area that has offered a bit of resistance in support previously, so wouldn’t surprise us to see this market pullback a little bit here. However, we do believe in the longer term validity of the bullis ...

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