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Daily Forex Reports


AUD/USD Forecast June 10, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 10 June 2015 08:58 UTC
The AUD/USD pair went back and forth during the course of the day on Tuesday, essentially settling nothing. With that being said, we think that the market is just simply going to bounce around in this general vicinity, and therefore we aren’t necessarily interested in buying this pair. We think th ...

EURJPY Short-Term Range (June 10, 2015)

Daily Forex Reports | by Kate Curtis | Wednesday, 10 June 2015 06:46 UTC
EURJPY has been moving sideways since the start of the month, as price found support at the 139.00 major psychological level and resistance near 141.00. The pair is moving up to test the top of the range and may bounce from resistance since stochastic is starting to move down from the overbought are ...

USD/JPY Forecast June 9, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 09 June 2015 07:41 UTC
The USD/JPY pair fell off of a cliff during the session on Monday, slicing back below the 125 handle. By doing so, it formed a very ugly candle and it appears that we are now going to test the area we are in for support. If it holds, we would be buyers as the market should then continue going much h ...

USD/CAD Forecast June 9, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 09 June 2015 07:41 UTC
The USD/CAD pair fell during the session on Monday, testing the 1.24 level yet again. By doing so, we are at the bottom of the recent consolidation area, and it now appears that we will more than likely continue to consolidate all know we recognize that we are closing towards the bottom of the candl ...

GBP/USD Forecast June 9, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 09 June 2015 07:40 UTC
The GBP/USD pair initially fell during the day on Monday, but found the 1.52 level to be supportive enough to turn things back around. By doing so, we bounce all the way to the 1.5350 region, and it now looks like we’re going to make a serious attempt to reach the 1.54 handle, followed by the 1.55 ...

EUR/USD Forecast June 9, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 09 June 2015 07:40 UTC
The EUR/USD pair broke much higher during the course of the day on Monday, clearing the 1.12 level with ease. Because of this, we feel that the market is going to continue to grind higher, and head towards the 1.14 level. What would be more impressive to us though is that if we can break above the 1 ...

AUD/USD Forecast June 9, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 09 June 2015 07:39 UTC
The AUD/USD pair broke higher during the course of the day on Monday, clearing the 0.77 level. By doing so, the market looks as if it is trying to bounce from the 0.76 handle. We don’t have an interest in buying this market yet though, as although the candle has been rather impulsive, we need to s ...

GBPUSD Short-Term Reversal (June 9, 2015)

Daily Forex Reports | by Kate Curtis | Tuesday, 09 June 2015 03:40 UTC
GBPUSD could be done with its short-term selloff since the pair is creating a double bottom reversal formation on its 1-hour time frame. At the same time, the short-term simple moving average is crossing above the long-term 200 SMA, suggesting that a rally might take place. Stochastic is indicating ...

GBPUSD Reversal Pattern (June 8, 2015)

Daily Forex Reports | by Kate Curtis | Monday, 08 June 2015 05:34 UTC
GBPUSD could turn from its recent uptrend, as the pair is forming a reversal pattern on its 4-hour chart. Price is in the middle of completing the right shoulder of the head and shoulders formation and might be gearing up to test the neckline around the 1.5100 major psychological support.   A bre ...

USD/JPY Forecast June 8, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Saturday, 06 June 2015 06:13 UTC
The USD/JPY pair broke down during the course of the session on Friday as the jobs number came out stronger than anticipated. Because of this, we feel that breaking above the 125 level is of course a very strong sign, and with that we feel that the market is more or less a “buy-and-hold” type of ...

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