Looking at 1.5060 tested on April 4, the GBP/USD pair expressed quite significant bullish price action leading towards 1.5235 which represents the upper limit of the depicted movement range which was broken-through shortly after. After breakdown of price zone 1.5315 – 1.5340, the pair has just retested the lower limit successfully expressing some bearish […]
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, […]
EURUSD: The best thing to do on the EURUSD pair right now is to go long. Any bearish correction this week is not supposed to bring the price below the support line of 1.3000. So the overall bias remains to the upside. It would be possible for the price to go upwards as far as […]
As it was expected data on Trade Balance in the Eurozone in February was better than expected (12.0 billion euros vs. 8.7 billion euros in the previous month). However, it did not manage to surpass negative news from China. NY Fed Empire State manufacturing index in April was 3.1 vs. 9.2 in February also had […]
The spot rate approaches the upper limit of its medium-term bearish channel at 127.80 suggesting a decline. However, a break of this level will initiate a violent bullish channel. Technical indicators provide sell signals and until the resistance is not broken the assumption of a decline is most likely. Bollinger bands have stabilized showing […]
Gold approaches the lower limit of its medium-term bearish channel at 1,325 suggesting a rebound. However, a break of this level will free a large potential and initiate a more violent bearish channel. Technical indicators provide sell signals, but the rate evolves in oversell zone and until the support is not broken the assumption […]
The spot rate approaches the upper limit of its medium-term bearish channel at 1.5330 suggesting a decline. However, a break of this level will initiate a violent bullish channel. Technical indicators do not provide clear signals, but until the resistance is not broken the assumption of a decline is most likely. Bollinger bands have […]
The spot rate approaches the upper limit of its medium-term bearish channel at 1.3110 suggesting a decline. However, a break of this level will initiate a violent bullish channel. Technical indicators provide sell signals and until the resistance is not broken the assumption of a decline is most likely. Bollinger bands have stabilized showing […]
Read the Daily Market Report from Dave Evans, Professional Trader Gold rallies from worst sell off in 30 yearsMorning Report: 08.30 London • Last night fears surrounding the Boston marathon bombing and enforced selling of gold sent markets into a tailspin. The precious metal experienced […]
RECOMMENDATION: Sell stop (pending order) at 125.99. Take profit at 124.85. Stop poss at 126.09. Alternative: Buy stop (pending order) at 126.76. Take profit at 126.90. Stop loss at 126.62. Best regards, Arief Makmur Official Analyst of InstaForex Group InstaForex Group http://instaforex.com Email: [email protected] Yahoo Messenger & Skype: Arief.ifx_jakarta blog.mt5.com/arief http://www.mt5.com/forex_analysis_award/profile/index/arief Disclaimer: Trading […]
The Asian session began with another sell off in the dollar – yen, as risk sentiment was dampened following weak US economic data which showed manufacturing in New York State fell more than expected in April, causing concern that the world’s largest economy may be losing momentum. Meanwhile, disappointing GDP data from China on Monday […]
Risk aversion due to weak China GDP numbers was the dominant theme in the markets on Monday, sending the safe haven yen higher for a second day. Also helping lift yen was better than expected industrial production data out of Japan for February, which was in sharp contrast to the Chinese factory output. China’s first […]
Overview Like we expected last week, the H4 chart demonstrates today that silver continued its downward movement after it managed to break the Support area 25.50-25.00 last week. Currently silver is trading below the Support level 23.90 and we should wait closing 4H below it to get a new opportunity to sell. If silver manages […]
Gold fell 5 percent on Monday to hit a two-year low, as a sell off was accelerated by disappointing economic data from China this morning, which showed grwoth in the world’s second largest economy is slowing down. Gold prices tumbled to $1,385.45 in the European trading session today, down from an earlier high of $1,459.03. […]
Overview: History will probably repeat itself at this level again. When the trend is not able to break and close above the level of 1.0300, then it will be a downside momentum, which is rather convincing and the structure of the fall does not look corrective, for that the market will indicate a bearish opportunity […]
Weekly technical levels: Tips: If the trend is of an upside character, then the strength of the currency will be defined as follows: NZD is an uptrend and USD is a downtrend. Fibonacci retracement is used to determine accurate psychological levels of support and resistance. The period of time should be taken into account. Fibonacci […]
Euro remains weak against the dollar, after tumbling in early trading due to risk aversion following weak China growth data. Yen rose due to its safe haven status as investors flee to safety. EURUSD fell to a session low of $1.3051, down from the open of $1.3072, ending the session flat. USDJPY slid to 97.70 […]
Technical outlook and chart setups: The single currency pair has reversed ahead of 1.4380, which was the measured extension, as discussed on Friday. Furthermore, fresh lows have been printed just ahead of 1.4200. It is recommended now to get in the direction of trend and initiate fresh short positions now. As depicted here, the intermediary […]
Technical outlook and chart setups: The single currency pair did not provide a short trade opportunity at 130.00 as expected. Currently trading is around 127.74 level, the pair is at past resistance turned support zone as depicted on chart view here. It is recommended to initiate long positions now, for at least a meaningful pullback […]
Technical outlook and chart setups: The yellow metal BREAKS multi month support at 1,520/25 levels on Friday giving in almost 8-10% lower immediately. The intraday lows are at 1,385.00 for now and it is expected to produce a counter trend rally soon. But rather than bottom fishing and loosing trades, it is recommended to stay […]
Technical outlook and chart setups: The metal is heading towards 21.00/22.00 levels as shown on charts here. Having stopped us out at 25.95 on Friday, the same level has turned to be resistance now for any rallies to be well capped below. Looking into the wave structure and momentum right now, it is recommended to […]
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, […]
The major event that was issued on Friday, US Retail Sales in March, disappointed the investors and the pound along with the whole market preferred the bearish scenario (Retail Sales dropped 0.4% vs. forecast for being flat). Today amid weak data on China the pound started downward movement. China’s GDP fell 0.2% from 7.9% to […]
AUD/USD Elliott Wave For the last three days the AUD/USD pair was trading downwards, in Elliott perspective corrective wave (A) (coloured green) of the bigger wave 2 (coloured purple) was developing. During the Friday’s Asian and European sessions we could observe descending movement from 1.0560 towards the 1.0510 level. Therefore, during the New York session […]
USD/CAD Elliott Wave Since our last analysis the USD/CAD pair was trading higher. At this moment we think that corrective wave B (coloured red) of the bigger wave (D) (coloured blue) is currently in the move. During the Friday’s European session we could observe ascending movement from 1.0095 towards the 1.0125 level. Therefore, during […]
On Friday the markets were bearish. US Retail Sales in March dropped 0.4% vs. forecast for being flat. Retail Sales Ex-Auto fell 0.4% vs. expectations for 0.1% decrease. JPMorgan Chase and Wells Fargo published reports on their performance. It was slightly better than expected, though the revenue dropped and earnings per share increased. Meanwhile, the […]
Read the Daily Market Report from Dave Evans, Professional Trader Gold plunges into bear marketMorning Report: 08.30 London • This morning gold has continued to sell off, as speculation mounts that Cyprus and other troubled nations may have to sell off their gold reserves to […]
The spot rate approaches the lower limit of its medium-term bearish channel at 127.50 suggesting a rebound. However, a break of this level will free a large potential and initiate a more violent bearish channel. Technical indicators do not provide clear signals, but until the support is not broken the assumption of a rebound […]
Today’s Support and Resistance levels: S1: 1.5371 R1: 1.5436 S2: 1.5315 R2: 1.5468 S3: 1.5240 R3: 1.5522 Technical overview: The rally from the 1.5080 low has all the characteristics of an impulsive rally, but we still need […]
The spot rate approaches the upper limit of its medium-term bearish channel at 1.3130 suggesting a decline. However, a break of this level will initiate a violent bullish channel. Technical indicators provide buy signals, but until the resistance is not broken the assumption of a decline is most likely. Bollinger bands have stabilized showing […]
