Technical outlook and chart setups: The yellow metal seems to be finally breaking above the 1,400.00 mark as seen on the chart view depicted here. It is recommended to remain long from yesterday’s positions since the next upside targets remain at 1,450.00 and then 1,520/25. Intermediary support is at 1,310/15 levels (the recent swing lows), […]
Technical outlook and chart setups: Silver is attempting to break clearly above the 24.00 mark at the moment. It is recommended to remain long from yesterday and add on dips as well (or initiate fresh positions only). In the event that a break above 24.00 is successful now, it would be rather clear that the […]
Technical outlook and chart setups: As depicted here, the single currency pair is testing 0.618 fibonacci resistance around 1.4220/40. This region is also re-enforced by past resistance turned support of the recent downswing. At the moment immediate resistance is at 1.4350/60, followed by 1.44 and 1.4480; while support is fixed at 1.4030 and 1.4 respectively. […]
Read the Daily Market Report from Dave Evans, Professional Trader Gold emerges from the depthsMorning Report: 08.30 London • This morning, gold is rising from its severe sell off, with a 1.74% gain today. There’s a long way to go to make back the losses […]
The Asian session was fairly quiet as is usual for a Friday, with most currency pairs consolidating. Investors were being cautious as they closely watched the G20 meeting. Japan’s finance minister announced that there were no oppositions against Japan’s monetary policies. Aso’s comments led to a weakening of the yen by 0.3 percent against the […]
The spot rate is currently testing the intermediate resistance of its medium term bearish channel at 1.5320 suggesting a decline. However, a break of these levels will allow it to reach the upper limit of its channel at 1.5380. Technical indicators provide sell signals and until the resistance is not broken, the assumption of a decline is most likely. Bollinger bands have […]
The spot rate approaches the intermediate resistance of its medium term bearish channel at 1.3100 suggesting a decline. However, a break of these levels will allow it to reach the upper limit of its channel at 1.3190. Technical indicators provide sell signals but until the resistance is not broken, the assumption of a decline is most likely. Bollinger bands are much discarded […]
EURUSD: The EUR/USD is in a bullish mode, though it is currently ranging. The indicators on the chart still show some northward possibility. When a breakout does occur, it would likely be in the direction of the bulls, and for this to happen, the price would need to break the resistance line of 1.3100 to […]
Gold approaches the upper limit of its medium term bearish channel at 1.402 suggesting a decline. However, a break of these levels 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 stabilized showing […]
The dollar remained weak today due to a series of disappointing US economic data that signalled the American economy is likely to grow slowly in the near term. This raised speculation that the Federal Reserve will maintain monetary stimulus. The dollar fell against most major counterparts, including the euro after data showed manufacturing in the […]
Markets remains cautious today following from yesterday’s risk off sentiment caused by concerns over a deceleration in global growth. Most currency pairs have stabilized and are consolidating at yesterday’s levels. Dollar is only slightly weaker as euro edged up a tad in the European session. However euro remains vulnerable and is struggling to regain yesterday’s […]
Overview: AUD/USD: According to the previous events, the price has still been trapped between 1.0340 and 1.0300. Therefore, first step is to wait for a period of tight sideways market before breakouts. Then, probably, the market is going to start showing bullish signs. In other words, it will be a good sign to buy above […]
AUD/USD Elliott Wave Since our last analysis the AUD/USD pair has been trading downwards, our invalidation point was broken, so we changed our primary wave count a little bit. Yesterday, during the Asian and European sessions we could observe strong descending movement from 1.0393 towards the 1.0326. Therefore, during the New York session this […]
USD/CAD Elliott Wave Since our last analysis the AUD/USD pair has been trading downwards, our invalidation point was broken, so we changed our primary wave count a little bit. Yesterday, during the Asian and European sessions we could observe strong descending movement from 1.0393 towards the 1.0326. Therefore, during the New York session this […]
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:Overview of the EUR/USD pair. April 11th. The market… April 11, 2024 The EUR/USD currency pair traded in familiar channels with minimal…What’s behind the US economy’s resilience? – Special Report April […]
The UK unemployment rate climbed to 7.9% from 7.9%. Bank of England policy makers are split on the need to expand stimulus, with a majority expressing concern that the prolonged period of inflation above their 2% target may undermine price stability. Six members of the Bank of England’s Monetary Policy Committee voted to keep quantitative […]
FOREX Daily Outlook by Easy-Forex.com Gold on bearish outlook The euro (EUR) continues to slide against the US dollar (USD) as the pair trades at just above 1.3080. The single currency has found strong resistance at 1.3140 after it had risen from a 6 month low. The pair is heavily influenced by fundamentals such as […]
Yesterday the euro fell 150 points and there were no obvious reasons for that. It is supposed that it could have happed due to Bundesbank president Jens Weidmann said ECB might slash the key rate. But it looks like a pretext. Today data on US is only published. At 16:30 GMT+4 the number of Initial […]
EURUSD: The pair trended upwards, but further bullish attempts were rejected at the resistance line of 1.3200. From there the market dropped by almost 200 pips, reaching the support line of 1.3000. The outlook on the market remains bullish and one would do well to go long as soon as the price rallies further. USDCHF: […]
Read the Daily Market Report from Dave Evans, Professional Trader All Eyes On ItalyMorning Report: 08.30 London • The euro came in for some heavy selling yesterday on German Bundesbank comments that a euro rate could was possible and that the debt crisis would take […]
USDJPY hovered within the same range it has been trading in for the past three days, with yen remaining in an overall weaker trend ahead of the G20 Summit beginning today. Japan had been criticized lately for undertaking a currency war by weakening the yen. However, it is not expected that the G20 will censure […]
Gold approaches the lower limit of its medium term bearish channel at 1.325 suggesting a rebound. However, a break of these levels will free up a large potential and initiate a more violent bearish channel. Technical indicators provide sell signals but evolves in oversell zone and until the support is not broken, the assumption of […]
Overview The H4 chart demonstrates today that silver is still trying to break the Support level 23.00 since yesterday and currently is already touching the Suppport level 22.50. Given that the pair manages to close 4H below the Support level 23.00 and takes a downward move till reaching the Support level 22.50, it provides a […]
The spot rate is currently testing the intermediate resistance of its medium term bearish channel at 1.5270 suggesting a decline. However, a break of these levels will allow it to reach the upper limit of its channel at 1.5390. Technical indicators provide sell signals and until the resistance is not broken, the assumption of a decline is most likely. Bollinger bands are […]
The spot rate approaches the upper limit of its medium term bearish channel at 129.60 suggesting a decline. However, a break of these levels 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 intermediate resistance of its medium term bearish channel at 1.3100 suggesting a decline. However, a break of these levels will allow it to reach the upper limit of its channel at 1.3190. Technical indicators do not provide clear signals but until the resistance is not broken, the assumption of a decline is most likely. Bollinger bands are […]
Overview Proceeding from the today’s H4 chart, the pair takes a slightly downward move after its rebound from the Resistance level 150.50 and now is testing the Support level 148.80. Given that the pair continues its downward trend and manages to break the Support level 148.80 and closes 4H below, we will get a good […]
Overview The H4 chart demonstrates today that silver is trading between the Support level 23.00 and the Resistance level 24.00 after its failure to break the Resistance level yesterday. Given that the pair has bounced from the Resistance level and takes a downward move till reaching the Support level 23.00, it provides a good opportunity […]
Overview: USD/CHF is consolidating with bearish bias after hitting near-two-month low of 0.9204 on Tuesday. The rate is undermined by weaker USD sentiment; broadly softer demand for safe-haven USD amid increased investor risk tolerance. But USD/CHF losses tempered by CHF sales on buoyant EUR/CHF cross. Daily chart is negative-biased as MACD is bearish, while stochastics […]
Overview: GBP/JPY is trading in lower range. The rate is buoyed by improved risk sentiment; Bank of Japan’s aggressive monetary easing plans to help reach its 2% inflation target in two years; demand from Japan importers. But GBP/JPY gains tempered by Japan exporter sales. Daily chart is mixed as stochastics is in bearish mode, but […]
