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Daily Forex Reports


EUR/USD Forecast January 19, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 19 January 2016 05:57 UTC
The EUR/USD pair initially fell during the day on Monday, but turned back around to form a bit of a hammer. Nonetheless, we are still within the consolidation area that we have been in for some time. Quite frankly, this is a market that is far too noisy to consider placing any real money in, and as ...

AUD/USD Forecast January 19, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 19 January 2016 05:56 UTC
The AUD/USD pair fell during the day on Monday, as we continue to show signs of weakness in the Australian dollar. This is mainly because the Australian dollar is a bit of a proxy for Chinese markets in general, and they of course have been struggling. Any rally at this point in time should find ple ...

AUDUSD Simple Correction (Jan 18, 2016)

Daily Forex Reports | by Kate Curtis | Monday, 18 January 2016 06:14 UTC
AUDUSD suffered yet another sharp selloff towards the end of last week, breaking below a key support area around .6950-.7000. Price dipped to the .6800 levels before showing signs of a potential pullback to the broken support and Fibonacci retracement levels. Price is currently testing the 50% leve ...

USD/JPY Forecast January 18, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Sunday, 17 January 2016 06:01 UTC
The USD/JPY pair fell during the course of the session on Friday, testing the 170 level. By doing so, it looks as if we are ready to start falling again, and if we break below the bottom of the range for the session on Friday, we feel the market will then reach towards the 115 level. At this point i ...

USD/CAD Forecast January 18, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Sunday, 17 January 2016 06:00 UTC
The USD/CAD pair broke higher during the course of the day on Friday, finally clearing the 1.45 handle. This was a target for some time, and as a result we are now above that and it should continue to go much higher. Pullbacks should be buying opportunities, as the market is most certainly bullish a ...

GBP/USD Forecast January 18, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Sunday, 17 January 2016 06:00 UTC
The GBP/USD pair fell rather hard during the course of the on Friday, making a fresh, new low. Because of that, the market looks as if it is ready to go much lower, perhaps heading down to the 1.40 level. Rallies at this point in time should continue to be selling opportunities on signs of exhaustio ...

EUR/USD Forecast January 18, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Sunday, 17 January 2016 05:58 UTC
The EUR/USD pair broke higher during the course of the session on Friday, but found enough resistance near the 1.10 level to pull back slightly. On top of that, we have the 100 day exponential moving average there, which is slightly tilted to the negative side. Ultimately though, any pullback should ...

AUD/USD Forecast January 18, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Sunday, 17 January 2016 05:57 UTC
The AUD/USD pair fell during the course of the day on Friday, breaking the bottom of the shooting star that formed on Thursday. I doing so, we ended up forming a fresh, new low, which of course is a very negative sign in general. You have to keep in mind that although the gold markets are rallying p ...

USD/JPY Forecast January 15, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 15 January 2016 06:09 UTC
The USD/JPY pair bounced during the day on Thursday, testing the 118.50 level. Ultimately, the market will have to get above the 119 level to eventually break out to the upside for any real length of time. Any resistive candle at this point in time could be a short-term selling opportunity though, b ...

USD/CAD Forecast January 15, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 15 January 2016 06:09 UTC
The USD/CAD pair went back and forth during the course of the day on Thursday, as we slowed down and what has been a very strong uptrend. At this point, we think this pair could pull back, but that would be an excellent buying opportunity as far as we can see, as the trend has been so strong and of ...

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