Daily chart: The GBP/USD is consolidating above the level of 1.6540, after it has made a very bullish move vertically. If this pair manages to break the resistance level of 1.6663, it would be expected to rise to the level of 1.6851. Furthermore, this pair is forming a bullish pattern below the level of 1.6663, […]
Overview: The EUR/USD pair resistance was broken and it was turned to support at the price of 1.3653 yesterday (January 23, 2014), therefore the pair has already formed a new strong support at the 1.3653 level. Moreover, after it had closed above it today, the pair started signing the bullish market, Additionaly, It should also […]
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CRUDE OIL: With a third day of strength seen on Thursday, further upside offensive is envisaged. This development leaves the commodity targeting the 98.18 level, representing its 200 ema with a violation of here turning focus to the 99.38 level, representing its Dec 31 2013 high. We may see a pull back threat at this […]
Each time we see the daily charts form some type of bullish pattern gold market traders become instantly bullish. And each time this happens they get another reality check about their trading technique of trying to pick a bottom. I just published a book in December which teaches readers how to identify trends and stages […]
Each time we see the daily charts form some type of bullish pattern gold market traders become instantly bullish. And each time this happens they get another reality check about their trading technique of trying to pick a bottom. I just published a book in December which teaches readers how to identify trends and stages […]
He created these charts – which cover markets like the S&P 500, NASDAQ, gold, and mutual funds – to explain where financial markets have been and where they are headed. These are not your typical price charts. They combine history and patterns to tell the story clearly, all from his distinctly different point of view. […]
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As you likely know, the Asian markets have become an undeniable force in the global economy, and they have provided some of the most exciting investment opportunities in the past few years. Should you invest in China and Japan now? Discover an entirely fresh perspective on their economies in an eye-opening new free report from […]
The USD/CAD continued to pull ahead one day after breaching the psychological 1.10 barrier. The pair is riding a four-year high, as investors set their sights on deepening US recovery. The pair was seemingly unaffected by strong retail sales data, courtesy of Statistics Canada. Canadian retailers saw their revenues rise 0.6% in November, compared to […]
The EUR/GBP ended its weeklong skid following the release of robust PMI data, courtesy of Markit Group. The PMI data showed recovery is gathering pace in the Eurozone, led by a robust German manufacturing sector. Manufacturing output in the Eurozone rose considerably in January. Germany’s manufacturing PMI rose to the highest level in 32 months, […]
The EUR/USD escaped several days of bearish pressure after Markit Economics produced solid Eurozone PMI data. Meanwhile, in the United States, PMI data was less than stellar, falling below forecasts. Eurozone manufacturing PMI rose 1.2 percentage points to 53.9, the highest reading since June 2011. At the same time, services PMI rose 0.9 percentage points […]
General overview for 23/01/2014 15:50 CET The corrective structure on hourly time frame is getting more complex and time-consuming as the price is rather close to invalidate the main impulsive count. The critical area for impulsive count not to be invalidated is between weekly pivot at the level of 141.42 and intraday support at the […]
Overview: USD/CHF is trading in a lower range and is expected to continue the trend. It is supported by positive dollar sentiment and a drop in Switzerland ZEW-Credit Suisse indicator of economic sentiment to 36.4 in January from 39.4 in December. Daily chart is mixed as MACD is bullish, 5 and 15-day moving averages are […]
Overview: USD/JPY is under pressure. It is supported by positive dollar sentiment(ICE spot dollar index last 81.19 versus 81.09 early Wednesday), higher U.S. Treasury yields amid expectations that the Federal Reserve will continue winding down its bond-buying program at the end of its two-day meeting on Jan. 29, and ultra-loose Bank of Japan’s monetary policy. […]
General overview for 23/01/2014 14:50 CET The target area indicated yesterday has been hit but the market extended the move up even higher and this was the reason to take a look at my longer term count for this pair. The outlook is not very much bullish anymore as the impulsive wave development on daily […]
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The euro was the big winner of today’s European session, as business surveys pointed to improving economic prospects for the Eurozone. The euro was up 0.86% against the dollar to trade at 1.3666, while against the yen it managed to gain 0.31% to trade at 141.75. The Eurozone Markit flash PMIs for January exceeded expectations, […]
USDCAD: The pair is now seen following through higher on the back of its Wednesday rally during Thursday trading session. This development has created scope for more strength towards the 1.1200 level where a breach if seen will trigger further gain towards the 1.1250 level. Further out, resistance comes in at the 1.1300 level where […]
The Canadian dollar tumbled to fresh 4-year lows against its US counterpart today after being weighed down by a dovish Bank of Canada outlook on the country’s economy. The BOC held its monthly policy meeting on Wednesday, and kept its benchmark interest rate at a record low 1%. While this was in line with expectations, […]
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Overview: NZD/USD is expected to trade in lower range. It is undermined by the Kiwi sales on rebounding AUD/NZD cross and positive dollar sentiment. But NZD/USD downside is limited by the hawkish Reserve Bank of New Zealand’s monetary policy stance. Daily chart is mixed as MACD is bullish, but stochastics is neutral, the bearish outside-day-range […]
GBP/JPY is expected to trade in range. It is supported by demand from the Japan importers and buoyant USD/JPY undertone. But GBP/JPY upside is limited by the Japan exporter sales. Daily chart is mixed as MACD is bearish, 5- and 15-day moving averages are falling. but stochastics is bullish in oversold zone. Trading recommendation: The […]
Stocks in Europe opened lower on Thursday as market participants focus on the release of Purchasing Managers’ Index (PMI) deliveries from Germany and the eurozone as a whole. The European Euro Stoxx 50 slid 0.22% lower at 3,145.50, while the French CAC 40 opened 0.05% lower at 4,322.80. At the same time the German DAX […]
Overview: Since our last analysis, the EUR/NZD pair has been trading upwards,as we expected, the price tested the level of 1.6434 on very high volume. As you can see in the chart, after the selling climatic action at 1.6270, EUR/NZD started upward movement. Currently, we can observe strong demand on the market and selling looks […]
Overview: Since our last analysis, gold has been trading upwards, as we expected, the price tested the level of 1,247.98 on high volume. We can observe rejection on the high volume from our FR 61.8 % at 1,230.00 which caused an upward movement. Since the price has broken in the background the level of 1,254.00, […]
Crude prices fell during Asian trading hours on Thursday, dropping for the first time in four days amid speculation fuel demand from China will slowdown, following the release of the downbeat manufacturing data from China. The North American West Texas Intermediate for March delivery lost 0.04% to $96.70 per barrel on the New York Mercantile […]
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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:Video market update for April 19, 2024 April 19, 2024 Potential for the further drop on NAS100The material has been…Weekly Forex Outlook: 14/04/2024 – US GDP and BoJ decision… April 19, […]
FOREX Daily Outlook by Easy-Forex.com The EU Morning Report – Kiwi climbs as country’s inflation accelerates – 21 January 2013 Written by the easy-forex team Currencies The euro (EUR) advanced from its two month low at 1.3507 up to 1.3567 against the US dollar (USD). On the calendar, the German ZEW Economic Sentiment due at […]
