Overview: Since our last analysis, the EUR/NZD pair has been trading upwards, as we expected, the price tested the level of 1.6463 on high volume. As you can see in the chart, our FR 61.8 % at 1.6270 held successfully and the price started upward movement from that point. We can observe that strong demand […]
FOREX Daily Outlook by Easy-Forex.com The EU Morning Report – Consumer sentiment sets the pace – 17 January 2013 Written by the easy-forex team Currencies The euro (EUR) remained range bound in yesterday’s trading session against the dollar. Support lied at 1.3582 while the pair could not move above 1.3647. Today’s US data releases may […]
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:Weekly Forex Outlook: 12/04/2024 – More inflation data on… April 12, 2024 CPI numbers due in the UK and Japan. China to also…Video market update for April 11, 2024 April 11, 2024 […]
EURGBP- With a strong sell off underway, risk of further decline is envisaged towards the 0.8230 level, its Jan 09 2014 low. Further down, support comes in at the 0.8200 level, its psycho level where a breach will pave the way for a run at the 0.8150 level. A clearance of here will turn attention […]
Although the Dollar index doesn’t break above the important resistance area of 81-81.50, it still is a good sign that prices do not get rejected and do not pull back towards 80.40. The Dollar index continues to trade near its recent highs. 81.15 is short-term resistance that if broken could push prices towards 81.50. Short-term […]
(click to enlarge) Having peaked on December 31st just above the 145 level, the highest level since October 2008, the euro has dropped against the yen in the New Year. It made a more than 1-month low of 140.47 on 13th of January but has since bounced higher to 141.91. The 140.50 level should provide […]
Kiwi slips on quiet morning Morning Report: 08.45 London • Markets are quiet this morning, with a busy economic data set due in the afternoon. The one movement of note is on the NZD/USD which is falling back heavily this morning. • Elsewhere, the dollar pairs are generally softer, though so far movement is […]
Gold prices are making an upward bounce that is not impulsive. Prices are making an overlapping formation with positive slope and have reached the 38% Fibonacci retracement of the decline from $1,256 to $1,233. Prices are moving upwards in a corrective pattern within the purple trend channel as shown above in the one hour chart. […]
General overview for 17/01/2014 08:10 CET There are two intraday counts possible here and the difference is in the top for the wave 2 red placement. – SCENARIO 1 – MAIN COUNT – In this point of view the top for wave 2 red has not been etablished yet as the wave c purple to […]
Today’s Support and Resistance levels: R3: 142.71 R2: 142.40 R1: 142.16 Current Spot: 141.97 S1: 141.84 S2: 141.53 S3: 141.39 Technical summary: It seems that wave ii ended just below our expected target between 143.09 – 143.17 as the top has been at 142.91. If the powerful wave iii has taken over we should see […]
During the previous US session, the number of weekly new unemployment claims fell slightly, while inflation came in line with expectations at a 1.5% annual pace, which was characterized as relatively tame. The Philly Fed business survey index of conditions in the mid-Atlantic region, beat expectations by coming in at 9.4 vs 8.6 expected by […]
General overview for 17/01/2014 07:50 CET The recent wave up turned out to be in three waves, so the labeling has been slighty changed, making the top at the level of 142.90 the end of wave b of an overall bigger in price and time abc Irregular Flat correction. The typical target for this kind […]
European markets have opened slightly higher today, reversing the previous session’s losses. However, gains are expected to remain subdued as investors eyed further corporate updates and macroeconomic data to get additional clues on the direction of the market movement. Closer home, investors look ahead to data that is expected to show that nation’s retail sales […]
When the European market opens, there will be French Gov Budget Balance.The US will release the most important economic data such as the US-Building Permits, US-Housing Starts, US-Capacity Utilization Rate, US-Industrial Production m/m, US-Prelim UoM Consumer Sentiment, US-Prelim UoM Inflation Expectations, US-JOLTS Job Openings, so amid the reports, EUR/USD will move with low to medium […]
Daily chart The American dollar recoveredalmost 70%of its losses seen on Wednesday against theSwiss franc. However, it was not able to close below the line 4/8 (blue line) which is also where you will find the line 50.0 Fibonacci retract. Therefore, in our opinion, the picture remains bearish and it is a good time to […]
Gold is witnessing a range bound trading. Higher levels it suffered with selling pressure, whereas lower level buying is supporting. Either side breakout will see direction on prices. This year as well, the yellow metal is trading in a bearish mode. Gold lost its safe heaven image after correcting 30% from its peaks. The falling […]
In Asia, Japan will release theConsumer Confidenceand the US will release some economic data such as US-Building Permits, US-Housing Starts, US-Capacity Utilization Rate, US-Industrial Production m/m, US-Prelim UoM Consumer Sentiment, US-Prelim UoM Inflation Expectations, US-JOLTS Job Openings. So there is a big probability the USD/JPY will move with low volatility during the Asian session, but […]
The charts are indicating a bearish situation for GBP/USD. It seems a downtrend has already started. We assume more room for downside. Today traders are eyeing Retail sales data. Prices broke a 6-month trend line on daily closing basis and trading below 21 DEMA which adds more fuel to bears. In the daily charts, oscillators […]
Overview: The resistance of the GBP/USD pair had been already set at the level of 1.6445 (the weekly pivot point on January 17, 2013) and a minor resistance has set at the 1.6373 level. Therefore, according to the previous events, the price has still been moving between 0.6370 and 0.6285, then it should be noted […]
Daily chart Looking at the daily chart we can see that this Thursday the Crude Oil closed with a candle of indecision, which confirmed what we mentioned before, and we do not yet have a picture of prevailing. However due to that the current price is on its neutral line of 4/8 (blue line), also […]
EUR/USD: The EUR/USD has been bearish this week. The bulls are making desperate attempts to push up the price, but as long as it stays below the resistance line of 1.3700, the bearish bias is valid.В In the face of the extant bias, it is possible for the price to reach the support line of […]
Overview: The NZD/USD pair has been making an upside movement from the level of 0.8255 to 0.8275, and today the market has also set a lower price at the 0.8296 level. As it is known, it will probably repeat itself again, hence the strength of the trend for pair was an uptrend, then the strength […]
Overview: USD/JPY is expected to trade in lower range. It is underpinned by negative dollar sentiment (ICE spot dollar index last 81.01 versus 80.67 early Wednesday), yen-funded carry trades amid positive risk sentiment (S&P hit record high 1850.84, closed higher 0.52% at 1848.38 overnight) on signs of the U.S. economic growth. The New York Fed’s […]
The daily chart shows multiple bearish rejections at the upper limit of the ongoing channel resulting in an atypical bearish head and shoulders pattern. Despite Tuesday’s bullish reversal towards 1.6460 intraday resistance, a bearish engulfing daily candlestick was expressed Yesterday indicating the strength of this price level as resistance. Sellers should be watching for today’s […]
The USD/CAD bulls are pushing towards new price levels (1.0980) that haven’t been reached since September 2009 asMonetary market suspicions are being stressed byquite weak fundamental conditions in Canada. The USD/CAD pair achieved multiple breakouts of several resistance levels, allowing the pair to push towards 1.1100 (hasn’t been hit yet) The next prominent resistance level […]
Bullish movement above 1.3450 within the depicted bullish channel allowed the pair to reach further supply levels around 1.3650 and 1.3750, respectively. This was taking place until obvious bearish rejection was expressed at 1.3850 (failing to reach 100% Fibonacci Expansion at 1.3904). Breakdown of the depicted bullish channel took place shortly after. This led to […]
Bearish pressure was applied near the level of 1.6600 (the upper limit of the expanding wedge) resulting in a double-top pattern which achieved its projection target (1.6350) one week later. The failure of the GBP/USD pair to break down 1.6350 allowed enough bullish momentum to be gathered to push again towards 1.6460. This price level […]
Overview As shown in today’s H4 chart, the metal is stabilizing between the Support level 20.00 and the Resistance level 20.20 after its failure to break the Support level again last week. Currently, we should wait for it to retest the Support level 20.00 again and close below in order to get the bearish move […]
Overview From the today’s H4 chart, yesterday’s closing below the Resistance level 152.85 gives the price an opportunity for a bearish move after its failure to break the Resistance level once again. As shown in the chart, the price is trying to continue its bearish movecurrentlyby breaking the Support level 170.50 and closing 4h below. […]
Market action was relatively subdued in the European session and focus was mostly on the US dollar which was steady as investors looked ahead to the US CPI data and jobless claims numbers. Europe also released CPI data, with Eurozone inflation flat in December at 0.8% as expected. Market action was relatively subdued in the […]
