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Daily Forex Reports


EUR/USD Forecast April 29, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 29 April 2015 07:32 UTC
The EUR/USD pair broke higher during the course of the session on Tuesday, heading towards the 1.10 level. This is an area that we should see quite a bit of resistance at, and with the Federal Reserve having its interest-rate announcement and more importantly, the interest rate statement during the ...

AUD/USD Forecast April 29, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 29 April 2015 07:32 UTC
The AUD/USD pair broke much higher during the course of the session on Tuesday, slicing through the 0.80 handle. Because of this, if we can break of the top of the range for the session, we would be buyers. We recognize that there is a significant amount of resistance that just got broken through, s ...

NZDUSD Rising Wedge Resistance (Apr 29, 2015)

Daily Forex Reports | by Kate Curtis | Wednesday, 29 April 2015 04:48 UTC
NZDUSD might be ready for another short-term selloff, as the pair is testing the rising wedge resistance on its 4-hour time frame. At the same time, stochastic is indicating overbought conditions, which means that sellers might take control of price action soon. If that happens, NZDUSD could head b ...

USD/JPY Forecast April 28, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 28 April 2015 07:36 UTC
The USD/JPY pair tried to rally during the course of the day on Monday, but got turned back around near the 119.50 region. Because of this, the market ended up forming a massive shooting star, which of course is very bearish. With this, we believe that the market isn’t quite ready to go higher yet ...

USD/CAD Forecast April 28, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 28 April 2015 07:35 UTC
The USD/CAD pair initially tried to rally during the session on Monday, but then turned back around to fall rather significantly. We did not make a fresh new low though, so this point time we believe that the market simply is going to be a bit too noisy to be bothered with. If we can break down to a ...

GBP/USD Forecast April 28, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 28 April 2015 07:35 UTC
The GBP/USD pair fell initially during the session on Monday, as the markets looked like they were getting ready to head back to the 1.50 handle. However, we found support below current levels and turned back around to form a rather positive candle. The candle of course looks like one that suggests ...

EUR/USD Forecast April 28, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 28 April 2015 07:34 UTC
The EUR/USD pair initially fell during the course of the session on Monday, but found enough support to turn things back around and form a positive candle. With this, the market looks like it’s going to try to head to the 1.10 level where we would anticipate quite a bit of resistance. With this, w ...

AUD/USD Forecast April 28, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Tuesday, 28 April 2015 07:33 UTC
The AUD/USD pair initially fell during the day on Monday, but found enough buyers to turn things back around and go much higher. However, there is a significant amount of resistance between current levels and the 0.80 handle, so we don’t really have any interest in going long. We can’t sell yet ...

AUDUSD Long-Term Reversal (Apr 28, 2015)

Daily Forex Reports | by Kate Curtis | Tuesday, 28 April 2015 04:29 UTC
AUDUSD is once again testing the neckline of the complex double bottom pattern on its 4-hour time frame. A break past the resistance around the .7900 major psychological level could confirm the potential reversal, which might last by around 350 pips or the same height as the chart pattern. Stochast ...

NZDUSD Correction Play (Apr 27, 2015)

Daily Forex Reports | by Kate Curtis | Monday, 27 April 2015 03:52 UTC
NZDUSD is showing signs of a pullback on its short-term time frames, as price bounced off the .7550 minor psychological support and is retreating to the Fibonacci levels on the latest swing high and low. In particular, the 50% Fibonacci level is close to the broken support at the .7650 minor psychol ...

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