Forecast: Long buying above 1.0070 for the short term with the first target at the level of 1.0125 then it will resume towards 1.0200 as the second target. Stop loss should be placed below the strong support at 1.0015. Overview: USD/CAD: History will probably repeat itself at this level again. When the trend is not […]
After such a strong rally in the dollar against the yen this week, the USDJPY moved off a four-year high of 99.93 yen hit in late US session trading yesterday. Profit taking brought the pair down to a low of 99.34. Yen is expected to remain weak overall due to recent monetary policy measures adopted […]
RECOMMENDATION: Buy stop (pending order) at 1.0551. Take profit at 1.0565. Stop loss at 1.0541. Alternative: Sell stop (pending order) at 1.0524. Take profit at 1.0510. Stop loss at 1.0534. 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: […]
TODAY’s TECHNICAL LEVEL: Breakout buy level: 1.3179. Strong resistance: 1.3171. Original resistance: 1.3158. Inner sell area: 1.3145. Target inner area: 1.3114. Inner buy area: 1.3083. Original support: 1.3070. Strong support: 1.3057. Breakout sell level: 1.3049. DESCRIPTION: Today EUR/USD has support and resistance at 1.3070 and 1.3158. The rate is accompanied by strong support at 1.3057 […]
Overview: It should be noted that the price has still been above 100% Fibonacci Retracement levels (it is already broken). Moreover, after it failed to close below 100% Fibonacci Retracement, the market started showing bullish signs, and the price set above the level of 1.3030. Therefore, the market indicates a bullish opportunity at the level […]
The yen weakened for a second day on Thursday, with the US dollar breaking a new four-year high within two days as investors sold off the Japanese currency in the wake of Bank of Japan stimulus measures. USDJPY got so close to the key 100 yen level and hit 99.93 in the late US session.The […]
Overview The H4 chart demonstrates today that silver is still trading between the Support level 27.50 and the Resistance level 28.00 and currently is trying to break the Support level to continue its bearish trend. If silver manages to close 4H below the Support level 27.50, it provides a good opportunity to sell below the […]
The euro could not break the resistance level of 1.3150. Recently the currency has reached the level of 1.3136. It could exceed this level to try again, but without a bullish outlook, thus much more sustainable. A loss of tempo in its rise has already been observed, the following downward correction is imminent, and would […]
Overview Like we expected yesterday, the pair managed to break the Resistance level 152.50 and continued its upward trend and currently is testing the Resistance level 153.20. If the pair manages to close 4H above the Resistance level, it will continue its bullish movement and we will get a good opportunity to buy again above […]
The euro surged to a six-week high versus the dollar after news of a successful Italian sovereign bond auction resulted in lower yields. Spain’s borrowing costs also fell, with the 10-year bond yields reaching the lowest since November 2010. The bond auctions show that optimism amongst investors is improving and it appears that Italian election […]
EURUSD: The EURUSD pair has gone upwards by more than 130 pips this week. Even any fundamentals from the Eurozone only help push up the price, and any bearish corrections on the chart prove to be temporary – giving opportunities to buy at better prices. The price is now above the support level of 1.3100 […]
Looking at 1.5060 tested on Thursday, 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, today there is […]
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 […]
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 […]
Despite the yesterday’s optimism on the stock market, the pound did not manage to reach the resistance of Fibonacci extension. Today there is possibility to do it, but the break off the line is unlikely. Today data on the UK is not released. Unemployment rate in Australia in March was 5.6% against 5.4% in February; […]
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 […]
Technical outlook and chart setups: The wave structure and direction remain unchanged for the pair, from yesterday. GbpChf has bounced off the lows around 1.4250/60 and trading above 1.43 at the moment. The short term outlook remains bullish for the pair, towards 1.4380 level. As seen here, this level (1.4380) is at convergence of the […]
Technical outlook and chart setups: The daily chart view depicts a hanging man candlestick formation for now. This is an indication of highly probable reversal ahead. It is recommended to remain short from yesterday and also look to sell intraday rallies towards 130.30. The 4H chart has been showing exhaustion since last 2 trading sessions […]
Yesterday data on Industrial production in France in February was published. It grew 0.7% vs. forecast for 0.2%. However, Italy’s Industrial production dropped 0.8% vs. expectation for a 0.4% fall. As a result the investors did not take urgent actions until the opening of the US session. However, it did not clear the situation: Minutes […]
Read the Daily Market Report from Dave Evans, Professional Trader Markets extend rally, but worst six months loomMorning Report: 08.30 London • Last night world stock markets rallied into the close, with the S&P 500 rising by more than 1%. This morning markets have taken […]
USDJPY pulled back after nearing just 0.1 percent away from the key 100 yen level in the late US session when it hit 99.86. The pair reversed direction and eased down to a low of 99.35 in Asia. The dollar was propelled to a new four-year high yesterday after the FOMC minutes of the last […]
RECOMMENDATION: Buy stop (pending order) at 1.0551. Take profit at 1.0565. Stop loss at 1.0541. Alternative: Sell stop (pending order) at 1.0499. Take profit at 1.0485. Stop loss at 1.0509. 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 […]
Overview Like we expected yesterday, the H4 chart demonstrates today that silver failed to break the Resistance level 28.00 and currently the metal is starting to reverse its bullish movement and approaching the Support level 27.50. If silver manages to close 4H below the Support level 27.50, it provides a good opportunity to sell below […]
The most part of the European session morning was uneventful until the arrival of the US session. USDJPY received the most action, as several headline news within a time period of one hour rattled markets and caused the pair to see-saw. USDJPY opened in Europe at 99.12 and climbed to a session high of 99.57 […]
Looking at 1.5060 tested on Thursday, 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 remains unbroken with a considerable probability that the pair may be forming […]
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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 […]
Yesterday the UK data was published. UK Trade deficit in February worsened from 8.2 billion pounds to 9.4 billion pounds against forecast for -8.7 billion pounds. UK Industrial Production in February grew 1% vs. estimates for 0.4% and revised downwardly to -1.3% in January. UK Manufacturing Production grew 0.8% vs. forecast for 0.4%. The pound […]
Yesterday data on German Trade Balance in February was published. A trade surplus was 17.1 billion euros vs. forecast for 16.2 billion euros. In France trade deficit was registered, -6 billion euros vs. -5.3 billion euros and -5.7 billion euros in January. Nevertheless, the markets were bullish reflecting investors’ desire to buy assets amid the […]
Overview: GBP/USD: The price is still between the levels 1.5290 and 1.5340, so it is recommended to be cautious while making deals in this area. Therefore, it is necessary to wait till the sideways channel is passed through. Then, the market will probably indicate the signs of a bullish trend. In other words, BUY-deals are […]
