Daily chart: The GBP/USD has strongly consolidated below the level of 1.6447, and now it is trying to make a breakout in the support level of 1.6326. Near current levels, it has formed a bullish trend line, so this pair is likely to find support there. However, if it makes a breakout in the trend […]
Trading recommendations: The NZD/USD pair is in the short term. It should be noted that the market will turn to bearish sentiment from the level of 0.8140. Therefore, it will a good sign to sell below 0.8140 with the first target of 0.8061 to form double bottom. It will call for downtrend in order to […]
Overview: According to previous events, the resistance of the GBP/USD pair has been already set at the level of 1.6370. Furthermore, the weekly support 1 sets at the level of 1.6370). But it should be noted that support has been broken and turned to resistance. Equally important, the weekly support 3 has been set at […]
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EURJPY: Follows Through Lower, Tests. 618 Fib Ret EURJPY- With EURJPY following through lower on the back of its past week losses and testing its .618 Feb Ret (its 131.21 -145.61 rally) located at the 136.54 level, the risk is for price extension to occur. Support comes in at the 136.00 level with a cut […]
February 3, 2014 – Indices News Asian markets are down today on worse than expected Chinese non manufacturing PMI data and anxiety over a possible global slowdown. Keep in mind, Chinese and many other markets are still closed due to the lunar new year. Thus, most of the movement happened in the Nikkei, which shed […]
The GBP/USD had a stellar second half of 2013, as stronger than forecast UK recovery helped propel the pound to new highs. As the US dollar continues to respond positively to stimulus cuts and positive data, however, many analysts are wondering if the pound’s bullishness may be waning. Ahead of the North American session, a […]
As the USD/CAD enters February, investors are asking, how high will the pair go? The USD/CAD has been one of the most bullish trades in recent months. Several factors have weighed on the Canadian dollar, including domestic uncertainty, weak exports and a stronger US currency. Ahead of the North American session, the USD/CAD pared nearly […]
The EUR/USD pair suffered significant losses last week, paring more than 1.4% after Eurozone data disappointed investors. The pair will have the opportunity to rebound this week amid several economic data releases and a monetary policy announcement courtesy of the European Central Bank. Ahead of the North American session, the EUR/USD was trading at 1.3497, […]
February 3, 2014 – Stock Market News Today’s Hot Asset – General Motors Stocks in the U.S. are currently trading lower. Investors within the region are showing there caution, as they await some key economic data due to be released later in the session. Once the data is released it should spark a reaction from […]
GBP/USD had been trapped inside a wide-ranged price zone extending between 1.5900 and 1.6250 until November 27 when a bullish breakout took place. Since then, the bulls have been defending 1.6250 as a prominent support. Another successful bullish retesting took place in the mid-December that pushed the pair again to the upside. Based on this […]
A breakout above the previous resistance level of 1.3450 allowed the bulls to push within the bullish channel to hit higher levels around 1.3650, and then 1.3750. Later on, obvious bearish rejection was expressed at 1.3850 (failing to reach 100% Fibonacci Expansion at 1.3904). Instead, a breakdown of the lower limit of the depicted bullish […]
A bullish breakout above 1.6250 took place on November 27. The GBP/USD pair successfully achieved its projection target around 1.6600. This price level is acting as a daily resistance for the pair until now. Last bullish movement exceeded 1.6600 rendering 1.6666 as the highest price in January. However, bearish engulfing daily candlestick was immediately expressed […]
Overview: USD/JPY is expected to trade in a lower range. It is undermined by the flows to the safe-haven JPY and unwinding of JPY-funded carry trades amid increased risk aversion (VIX fear gauge rose 6.48% to 18.41, S&P fell 0.65% Friday) as concerns over emerging markets still persist, exacerbated by signs of slowdown in China. […]
Overview: USD/CHF is expected to trade in a higher range. It is supported by the positive dollar sentiment and the franc sales on soft CHF/JPY cross. But USD/CHF gains are tempered by the flows to the safe-haven Swiss franc as concerns over emerging markets still persist and the franc demand on soft EUR/CHF cross. Daily […]
Overview: GBP/JPY is expected to trade in a lower range.It is undermined by the weak euro sentiment, increased investor risk aversion and Japan’s export sales. But GBP/JPY losses are tempered by the demand from the Japanese importers. Daily chart is negative-biased as MACD is bearish; stochastics stays suppressed at oversold zone, five and 15-day moving […]
Overview: NZD/USD is expected to consolidate with bearish bias after hitting its near-five-month low of 0.8061 on Friday. Such dynamics is undermined by the contagion from turmoil in the emerging markets, the kiwi sales on the soft NZD/JPY cross amid increased investor risk aversion, positive dollar sentiment and the kiwi sales on buoyant AUD/NZD cross. […]
The euro was briefly lifted above the key 1.3500 level following Eurozone PMI data today. The final figure for January came in at 54.0 versus a previous estimate of 53.9. Surprisingly better-than-expected readings from France and Germany acted as a catalyst of the move up to a session high of 1.3518, from a 2-month low […]
The week ahead is expected to be very busy, as many events will take place that are expected to have a significant impact on the foreign exchange market. By the end of the week, more will be known on the outlook for monetary policy in the Eurozone and the UK, on the outlook for manufacturing […]
FOREX Daily Outlook by Easy-Forex.com The EU Morning Report – Dollar higher amid strong recovery signs – 31 January 2014 Written by the easy-forex team Currencies A stronger dollar pushed the euro (EUR) lower as the pair moved below 1.3543 in early trading. The single currency may come under stress today as Eurozone price data […]
Overview As it was expected last week, the metal would reverse its bearish move to start its upward direction and open its way towards the level of 19.50 in case of closing 4H above the Support level of 19.00. Today and as shown in the today’s H4 chart, the metal has already taken a bullish […]
Any item is only worth as much as somebody is willing to pay for it. Usually we use some sort of currency as measurement. But what happens when the price of currency itself comes into question? This is the CopyTrader Gains Report for the week ending January 31st, 2014. Last Wednesday US Federal Reserve Chairman […]
Overview In today’s H4 chart, the pair failed to continue its bearish move and could not break the Support level of 166.00 and bounced from it to reverse its downward move taking an upward movement and managed to test the Resistance area of 167.00 then 167.75. Currently, the pair is approaching the Resistance area trying […]
Prices for West Texas Intermediate (WTI) crude oil dropped for a second day on the first day of the trading week, as investors express their worries over the oil demand from China and the slow growth in the world’s second-largest oil consumer due to the weak manufacturing data. The North American WTI for March delivery […]
The Australian dollar rose against the greenback on Monday, before members of the Reserve Bank of Australia’s (RBA) board assemble on Tuesday to discuss monetary policy. Market analysts are forecasting the bank to keep its interest rate unchanged after cutting its official cash rate by 25 basis points since November 2011 to its current record […]
Overview: Since our last analysis, gold has been trading downwards. As we expected, the price rejected from our corrective FE 161.8% at the price of 1,252.00 and tested the level of 1,239.18 on very high volume. If the price breaks the level of 1,238.00 on higher volume, we may see testing of the level of […]
Overview: Since our previous analysis, the EUR/NZD pair has been trading sideways around the price of 1.6660, we are still waiting potential testing of the level of 1.6800 (major FE 61%).We can observe that strong demand has entered the market at the price of 1.6613 which is good sign of bullish strength. I have placed […]
The latest daily video report from easyforex.com, includes all the latest fx market moving news and pairs to watch in the forex markets. Related Posts:EUR/USD. April 26th. Bulls continue to advance after the GDP… April 26, 2024 The EUR/USD pair on Thursday rebounded from the corrective level…Weekly Forex Outlook: 26/04/2024 – Hawkish risk as Fed […]
Last week was pretty hectic. Great profit reports by Google, Facebook and Zynga; investors’ fears due to the emerging markets’ uncertainty; the new Corralito in Argentina; the fragile recovery of the European economy gave us a week packed with emotions and a mixed bag in sentiments. But if you think the excitement is over, take […]
General overview for 03/02/2014 11:30 CET There is the last wave to the downside missing before rebound should happen in this market. The target for wave (v) blue is at the level of 137.11 or a little bit lower at the level of 137.03. From that price area an intraday rebound is expected that should […]
