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Daily Forex Reports


EUR/USD Forecast November 9, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 09 November 2016 07:09 UTC
The EUR/USD pair initially tried to rally during the day on Tuesday but turned around to form a bit of a shooting star. This suggests that we are going to continue to go a little bit lower, but I do recognize that the noisy area just below could cause some issues. I do think eventually that we go lo ...

AUD/USD Forecast November 9, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 09 November 2016 07:08 UTC
The AUD/USD pair fell initially on Tuesday but we did have enough bullish pressure under need to continue the move higher. Because of this, I feel that it is only a matter of time before we reach to the upside and perhaps the psychologically significant level at the 0.80 handle. That is an area that ...

EURJPY Range Support (Nov 09, 2016)

Daily Forex Reports | by Kate Curtis | Wednesday, 09 November 2016 04:05 UTC
The top of the range on EURJPY still held as a ceiling as risk aversion returned to the markets. Price is now making its way towards support at the 112.75 area and might even be poised for a break lower. The moving averages are still oscillating, which suggests that the consolidation could carry on ...

USD/JPY Forecast November 8, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 08 November 2016 07:46 UTC
The USD/JPY pair gapped higher at the open on Monday, as the FBI announced that they were not going to suggest charging Hillary Clinton after going through the 650,000 emails. Because of this, traders seem to be favoring a democratic election, as it gives us more of the “status quo” in the Unite ...

USD/CAD Forecast November 8, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 08 November 2016 07:45 UTC
The USD/CAD pair gapped lower at the open on Monday, and then turned around to fill that gap. By doing so, we found quite a bit of resistance, and turned around yet again to form an exhaustive candle. I believe that given enough time we will try to break down from here as we are a bit overextended. ...

GBP/USD Forecast November 8, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 08 November 2016 07:44 UTC
The GBP/USD pair fell during the day on Monday, as the 1.25 level has offered resistance yet again. Ultimately, I believe that this market will continue to go lower, perhaps reaching towards the 1.22 handle below. If we can make a fresh, new high, it’s likely that we will try to get all the way up ...

EUR/USD Forecast November 8, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 08 November 2016 07:43 UTC
The EUR/USD pair fell significantly during the day on Monday as we got word that the FBI was not going to indict Hillary Clinton due to emails. With this, looks as if we are going to continue the longer-term downtrend, and as a result we could reach towards the 1.10 level next, and then you been low ...

AUD/USD Forecast November 8, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 08 November 2016 07:41 UTC
The AUD/USD pair initially fell on Monday but then found buyers to push the market higher. The gold markets fell during the day, and then reached towards the 0.7750 level. There is an exhaustive amount of resistance between here and there that should continue to weigh upon the Aussie. Pullbacks at t ...

USDJPY Ascending Channel (Nov 08, 2016)

Daily Forex Reports | by Kate Curtis | Tuesday, 08 November 2016 03:39 UTC
USDJPY is trending higher, moving inside an ascending channel on its 4-hour time frame. Price just bounced off the resistance late last week and is pulling back towards support at the 102.00 major psychological level. The pair closed at the 50% Fibonacci retracement level on Friday then gapped high ...

USDCAD Countertrend Setup (Nov 07, 2016)

Daily Forex Reports | by Kate Curtis | Monday, 07 November 2016 06:32 UTC
USDCAD has been trending higher and moving inside an ascending channel on its 4-hour time frame. Price is currently testing the resistance and seems to be indicating that a test of support is in order.   Stochastic is indicating overbought conditions and is turning lower, which means that buyers ...

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