The EUR/USD is now trying to enter the median level between 1.3072 and 1.3033; if there is nothing significant fundamental news can affect, this currency will be playing within this zone. But if something happens due to fundamental news, causing the strong bearish sentiment for this currency and making the pair breach bellow the strong […]
Today’s support and resistance levels: S1: 127.55 R1: 128.06 S2: 126.66 R2: 125.51 S3: 126.04 R3: 129.32 Technical overview: The wave iv of 5 correction we were expecting has worked out nicely. We have already seen a […]
EUR/USD: The EUR/USD was bullish last week, and this is what is expected this week. However, there would be some serious battle around the market lines of 1.3100 and 1.3150. The pair must overcome those barriers and trend further upwards before it could continue its journey to the upside. USD/CHF: After much struggle and […]
For the whole this week the GBP/USD has been trying to enter the median level between 1.5345-1.5304. If this currency has strong bearish pressure, it will try to breach the strong support between the 1.5279 to 1.5275. If it succeeds, it will be going to the first target at 1.5238 and 1.5191 as the secondary […]
The dollar plunged against the yen on Friday after weak US economic data raised concerns that economy is struggling to recover and hasn’t performed as well as some analysts believed recently. Americans view of the US economy has grown more pessimistic, as shown by the Thomson Reuters/University of Michigan preliminary index of consumer sentiment which […]
FOREX Weekly Outlook by Easy-Forex.com Weekly Outlook – 11th March 2013 USD/JPY soaring as US Data Improves Last week’s currency trading review USD/JPY persistently strong US data is helping the Yen pair tofresh multi year highs with February US Nonfarm payrolls beating expectationsat 236k vs. 160k forecast and the Unemployment Rate dropping sharply to 7.7%vs. […]
The British pound tried to break the level of 1.5411 for two consecutive days, but failed to hold above this price. This morning during the U.S. session it has showed a bearish tint, which is likely to continue the correction of the pair, until weekly pivot levels of 1.5243. This area is a very strong […]
The Australian dollar is very strong. It reached a resistance that stopped the rise of the pair. Above 1.0581 the daily fractal 1.0598 is located. Just below this level the pair has begun its correction. However, the fractal that remains is support 1.0523. If the pair closes the 4H below this level you can sell […]
The euro did not manage to break the strong resistance level of 1.3150. It made an attempt to break the level of 1.3076 this morning, below fractal 1.3155. Although we believe that this pair must make a correction to the level of at least 1.2910. On the other hand, the break of 1.3155 level will […]
Overview Like we expected yesterday, the H4 chart demonstrates today that silver may continue its downward trend in case of break out the Support level 27.50. Currently silver is trading below the Support level and we should wait closing 4H below it to get a new opportunity to sell. If silver manages to close 4H […]
Overview Proceeding from the today’s H4 chart, the pair is still trading between the Resistance level 153.20 and the Support level 151.70 after its failure to break the Resistance level 153.20 yesterday. If the pair fails to break the Support level 151.70 and bounces from it, it may continue its bullish trend and we will […]
Lack of the bullish steam seemed to exist during the last few weeks and the pair seems to be under negative pressure which was manifested on March 26 in the massive bearish daily candlestick. Bearish rejection around 1.0300 was followed by multiple days of indecision within the same consolidation range 1.0225-1.0330 until the pair […]
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. Looking at 4H chart, the high formed at 1.5345-1.5360 provided resistance for the pair during this week. However, yesterday the […]
Currency markets in the European Session had the Friday cautious mood and investors were favouring risk aversion, driving weakness in risk currencies like euro. Therefore, this helped buoy the US dollar which was broadly stronger, except against the yen. There was an absence of tier one economic data today during the European session, nothing that […]
Overview: NZD/USD is consolidating with bearish bias after hitting 20-month high of 0.8677 on Thursday. Kiwi sentiment boosted after Finance Minister Bill English confirmed the 2013 budget would show NZ government still on track to return to a surplus in the year to June 2015; strong NZ housing data for March from Real Estate Institute […]
Overview: GBP/JPY is consolidating with bullish bias after hitting three-year high on Thursday. The rate is underpinned by positive investor risk appetite; Bank of Japan’s aggressive monetary easing plans to help reach its a 2% inflation target in next two years; demand from Japan importers. But GBP/JPY gains tempered by Japan exporter sales; positions adjustment […]
Overview: USD/JPY is consolidating with bullish bias after hitting near-four-year high of 99.95 on Thursday. The rate is underpinned by Bank of Japan’s aggressive easing measures — 7.5 trillion yen monthly bond-buying, suspending a cap on some bond holdings and dropping a limit on debt maturities — to help reach its 2% inflation target in […]
Overview: USD/CHF is consolidating with bearish bias after hitting six-week low of 0.9274 on Thursday. The rate is undermined by CHF demand on buoyant CHF/JPY as weak yen sentiment supports the cross; broadly weaker demand for safe-haven USD amid positive investor risk sentiment. But USD/CHF losses tempered by positions adjustment before weekend. Daily chart is […]
Technical outlook and chart setups: The daily chart view depicted here suggests that 26.00 level remains key for the metal to continue bullish momentum further. After forming a bullish reversal signal on April 4, the metal has retraced to 0.50 Fibonacci support levels towards 27.30 today. This is another long opportunity offered and it is […]
FOREX Daily Outlook by Easy-Forex.com AUD/USD session preview Thursday April 11th Movements in the AUD are being dominatedmainly by the AUD/JPY cross and to a lesser degree by the strong uptrend in theNZD. The shock-and-awe tactics of the BOJ are still encouraging speculators to sellthe Yen and a technical break higher in AUD/JPY will have […]
Yesterday the pound followed the general bullish trend, FTSE100 grew 0.45%, DJIA added 0.42%, and the pound rose 52 points. Today the major macroeconomic event is US Retail Sales in March (it is revealed at 16:30 GMT+4). It is estimated to be flat vs. 1.1% in February. US Core Retail Sales is expected to drop […]
EURUSD: This week, the EURSD pair moved largely in a bullish mode. The price did succeeded (albeit temporarily) in breaking the market line at 1.3100 to the upside, but it could not sustain that success. The present bearish pullback, however, is not supposed to push the price below the support line of 1.3050, after which […]
Read the Daily Market Report from Dave Evans, Professional Trader Yen pushes back after strong industrial activityMorning Report: 08.30 London • This morning, the yen pairs a selling off as the yen rises in response to better than expected industrial activity and comments from BoK […]
The spot rate approaches the upper limit of its medium-term bullish channel at 1.5420 suggesting a decline. However, a break of this level will initiate a more 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 are much […]
Gold approaches the lower limit of its medium-term bullish channel at 1,555 suggesting a rebound. However, a break of this level will free a large potential and initiate a violent bearish channel. Technical indicators provide buy signals and until the support is not broken the assumption of a rebound is most likely. Bollinger bands […]
The spot rate approaches the upper limit of its medium-term bullish channel at 131.10 suggesting a decline. However, a break of this level will initiate a more 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 are much […]
USD/CAD Elliott Wave Since our invalidation point was broken yesterday, today we consider the alternate wave count for the USD/CAD pair. On the daily chart we can see a development of triangle pattern, but now we got only 3 finished waves, and this give us plenty of room for our future trades. We are […]
AUD/USD Elliott Wave For the last few days the AUD/USD pair has been trading upwards, impulsive wave (5) (coloured green), of the bigger wave 1 (coloured red) was developing. Yesterday, during the European session we could observe strong ascending movement from 1.0500 towards the 1.0581 level and we can consider this move as the […]
The main reason for the euro’s rise was US Initial Jobless Claims published yesterday. It was 346K against forecast for 362K. We suppose that high volatility currencies followed the growth of the stock market, the volumes were lower than in the previous days, the top investors are waiting for the major event to be develop […]
The spot rate approaches the upper limit of its medium-term bullish channel at 1.3150 suggesting a decline. However, a break of this level will initiate a more 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 […]
