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Daily Forex Reports


AUD/USD Forecast March 5, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 05 March 2015 07:04 UTC
The AUD/USD pair initially tried to break out to the upside on Wednesday, but turned back around to form a shooting star. Looking at this market, you can see that the market continues to go sideways overall. With this, the market should then head down to the bottom of the consolidation area, but qui ...

USDCAD Triangle Support (Mar 5, 2015)

Daily Forex Reports | by Kate Curtis | Thursday, 05 March 2015 05:30 UTC
USDCAD is gearing up to test the bottom of its descending triangle pattern once more, after finding resistance around the 1.2500 levels. Price is nearing the support at the 1.2400 major psychological mark and may be due for a bounce.   Stochastic is moving up from the oversold zone, indicating th ...

USD/JPY Forecast March 4, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 04 March 2015 06:22 UTC
The USD/JPY pair went back and forth during the session on Tuesday, as we continue to meander below the 120 level. However, we think that short-term pullbacks will continue to be buying opportunities. This is a market that should continue to go higher given enough time and as a result we have no int ...

USD/CAD Forecast March 4, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 04 March 2015 06:21 UTC
The USD/CAD pair initially fell during the session on Tuesday, dipping well below the 1.25 handle. However, we found enough support below to turn things back around and form a nice-looking hammer. The hammer of course is a very positive sign but when you look at the overall chart, you cannot help bu ...

GBP/USD Forecast March 4, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 04 March 2015 06:20 UTC
The GBP/USD pair went back and forth on Tuesday, essentially settling on a slightly negative candle. At the end of the day however, we feel that this market has plenty of support in the neighborhood of the 1.5350 region, and therefore we are buyers on a break of the top of the range. We believe that ...

EUR/USD Forecast March 4, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 04 March 2015 06:19 UTC
The EUR/USD pair initially fell on Tuesday, but as you can see turned back around to form a hammer. That hammer of course suggests that we are going to continue to go back and forth, as there was a shooting star for Monday. Ultimately though, we believe that this market is heading back to the 1.11 l ...

AUD/USD Forecast March 4, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 04 March 2015 06:18 UTC
The AUD/USD pair went back and forth on Tuesday, essentially establishing nothing. The market right now looks a lot like “dead money”, and as a result we are more than willing to step aside. We believe that the 0.80 level above is still the “ceiling” in this market, so we have no interest wh ...

AUDCAD Symmetrical Triangle (Mar 4, 2015)

Daily Forex Reports | by Kate Curtis | Wednesday, 04 March 2015 06:04 UTC
AUDCAD could be in for a breakout soon, as price is approaching the peak of its symmetrical triangle pattern on the 4-hour time frame. Stochastic is pointing down, indicating that a downside break is likely, although price might still go either way.   An upside break past the .9800 major psycholo ...

EURCAD Retracement Setup (Mar 3, 2015)

Daily Forex Reports | by Kate Curtis | Tuesday, 03 March 2015 05:43 UTC
EURCAD seems to be bouncing off its recent lows and may be due for a correction to the broken support level at the 1.4100 major psychological level. This lines up with the 38.2% Fibonacci retracement level on the latest swing high and low on the 1-hour forex chart.   If the 1.4100 mark or any of ...

USD/JPY Forecast March 3, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 03 March 2015 05:42 UTC
The USD/JPY pair initially fell during the session on Monday, but found enough support to bounce and break above the 120 level. That being the case, the market looks as if it is ready to continue going higher, but keep in mind that there is a lot of noise between the 120 and the 122 levels, so expec ...

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