Overview: USD/CHF is expected to trade in a higher range after hitting a three-week low at 0.8739 on Friday. It is supported by the improved dollar sentiment, dovish Swiss National Bank’s monetary policy stance and franc sales on weak CHF/JPY cross. But USD/CHF gains are tempered by the franc demand on soft EUR/CHF cross. Daily […]
Overview: NZD/USD is expected to trade with risks skewed lower. It is undermined by the improved dollar sentiment, Kiwi sales on NZD/JPY cross amid increased investor risk aversion and concerns about the growth outlook in China. But NZD/USD losses are tempered by the hawkish Reserve Bank of New Zealand’s monetary policy stance and Kiwi demand […]
Overview: GBP/JPY is expected to trade with bearish bias. It is undermined by the increased investor risk aversion, Japan exporter sales, reduced expectations of further easing from the Bank of Japan and jawboning from ECB President Draghi against euro strength. But EUR/JPY losses are tempered by the demand from Japan importers. Daily chart is negative-biased […]
USDJPY: With USDJPY triggering a recovery higher following through on the back of its Friday gains, the risk is for more gains to occur. Further out, resistance resides at the 102.15 level where a breach will turn focus to the 103.00 level. Further out, resistance is seen at the 103.50 level and then the 104.00 […]
Crude prices were lifted on the first day of the trading week, boosted by the escalated tension between Ukraine and Russia over the weekend increasing concerns that the energy supplies in Europe may be disrupted. The North American West Texas Intermediate crude for May delivery rose by 0.51% higher, trading at $104.27 per barrel on […]
The 18-nation currency weakened against most of its 16 major peers on Monday, clearing previous gains after the European Central Bank (ECB) president Mario Draghi intervened against the euro over the weekend. “Mario Draghi said, and he’s said it before, the currency does come into their views on monetary policy, it does naturally act as […]
European markets have opened lower today, extending Friday’s sell-off, amid renewed political tensions in Ukraine. Earlier, data from Rightmove indicated that house prices in the UK rose to a new record high for a second straight month in April. Later, Eurozone industrial production and US retail sales data will attract market attention. Related Posts:Video market […]
FOREX Daily Outlook by Easy-Forex.com The EU Morning Report – Commodities are rising due to the tensions in Ukraine – 14 April 2014 Written by the easy-forex team Currencies The euro (EUR) opened 40 pips lower against the US dollar (USD) this weekly trading session and is now trading around the level of 1.3850. The […]
Last week, the USD/CAD pair returned to test the previous support zone around 1.0900 (50% Fibonacci level) which previously provided a considerable support at retesting on February 19. The depicted chart shows that the USD/CAD bulls failed to show enough bullish momentum above 1.1200. This exposed price zone of 1.0910-1.0850 (50-61.8% Fibonacci levels). Daily closure […]
On March 12, the bulls failed to establish an ascending top. Instead, a Double Top reversal pattern was established at 1.5500. The neckline was located at 1.5170-1.5200 also corresponding to the lower limit of the depicted channel. By breakdown of 1.51750, the Double Top pattern could not only achieve its projection target at 1.4820-1.4800, but […]
Around the price zone of 1.6780-1.6800, a Double Top pattern scenario was previously established during February and March. Daily fixation below 1.6600 (reversal pattern neckline) exposed price level 1.6530 (50% Fibonacci) then enabled the pair to hit the full projection target at 1.6464 (61.8% Fibonacci). The recent lows at 1.6465 as well as 1.6555 (corresponding […]
In March, failure of the bulls to fixate above 1.3870 allowed enough bearish pressure to be applied on the pair towards the recent demand zone around 1.3700. The supply zone at 1.3850-1.3880 rejected the bulls on December 27 and once more on March 19. This indicated its significance as a supply zone as well as […]
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 11, 2024 April 11, 2024 Potential for the further rally on USD/JPYThe material has been…GBP/USD. April 11th. The US inflation report shocked the… April 11, 2024 […]
Overview: Since our previous analysis, the EUR/NZD pair has been trading downwards, the price tested and rejected from the the level of 1.6101 (Fibonacci retracement 61.8%) and tested the level of 1.5922 on the volume below the average. According to the daily chart, we can observe rejection from our Fibonacci retracement 61.8% and that supply […]
Weekly technical levels of the GBP/USD pair. Observations: If the trend is upward, then the strength of the currency will be defined as follows: GBP is in an uptrend and USD is in a downtrend. Fibonacci retracement is used to determine accurate psychological levels of support and resistance. The period of time should be taken […]
Weekly technical levels of the EUR/USD pair. Pivot point among resistances and supports for April 14-18, 2014. If the price is at pivot point (1.3828), watch for a move back to resistance 1 (1,3961) or support 1 (1.3751). If the price is at resistance 1 (1.3961), expect a move to resistance 2 (1.4038) or back […]
The Dollar index has held above important support at 79.30 and has made a short-term upward break on Friday that could bring the index towards 79.80. Short-term trend is up as long as price remains above 79.30. Important resistance is found at 79.80-80. Intermediate-term trend remains down. The Ichimoku cloud is above current price and […]
European stocks dropped on Monday, as investors stretched last week’s losses and as markets monitor escalating upheavals between the Ukraine and Russia. The Stoxx Europe 600 index erased 0.3% to 327.65, partly pressed by a 3.1% plunge for PSA Peugeot Citroën following the French car maker explained cost cutting and other measures to return to profitability. The FTSE […]
The Australian dollar surged higher, backed up by positivity on the local economy and the expectation of the euro zone of taking additional economic stimulus. Aussie was dealing at 93.90 US cents, up from 93.75 cents last Friday. Last week, European Central Bank President Mario Draghi implied he might need to take further action if the euro […]
Asian share markets wiped out further footing in early trade on Monday following a gloomy week on Wall Street. Also, continuous upheavals in Ukraine devitalized investors’ desire for risk. Ukraine gave pro-Russian separatists a Monday morning deadline to demilitarize or face a whole scale anti-terrorist operation by its armed forces, escalating the peril of a military face-off with […]
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April 14, 2014 – Forex News Hot Asset For Today: EUR/USD EUR/USD The euro rocketed against the dollar to almost three week highs on Friday despite the fact that low inflation data has been the hot topic of considerable concern coming out of the Euro zone. One of the reasons for such an upward direction jump […]
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Tokyo stocks sagged down to a fresh six-month low on Monday as market sentiment continued to be fragile after a rocky session on Wall Street and on surging tensions in Ukraine. Bargain hunting in huge caps like Toyota Motor Corp. provided some support and aided the benchmark Nikkei slash down earlier pullbacks. The Nikkei average […]
Asia’s benchmark stock index fluctuates between declines and surges as raw-material firms pulled back and Sharp Corp. drop, while telecommunications shares skyrocketed. Sharp retreated 8.4 percent in Tokyo after the supplier of displays for Apple Inc.’s iPhone and iPad stated that its considering ways to boost capital. Nippon Meat Packers Inc. rallied 3.3 percent as […]
The euro retreated against most of its 16 major counterparts after European Central Bank President Mario Draghi stated that its strength “requires further monetary stimulus.” The shared currency ended an increase against the greenback from last week that was the most in six months as Draghi’s rhetoric about the euro’s hike was echoed by other […]
Technical outlook and chart setups: 1. The GBP/CHF pair is bouncing off from the back side of the resistance line, which is support now, around the 1.4620/30 levels. Please also note that 1.4600 is fibonacci 50% retracement of rally from 1.4450 to 1.4820/30 levels recently. Keeping the above into consideration, it is recommended to cover […]
General overview for 14/04/2014 08:30 CET The corrective cycle is still in progress and it is developing in a shape of a triple ZigZag pattern. The market has hit the 61%Fibo at the level of 1.0988 and now it is in the critical level for impulsive wave labeling invalidation. Any breakout higher above the level […]
Technical outlook and charts setups: 1. The EUR/JPY is just seen to be breaking out of consolidation support line around the 140.50/60 levels as seen here. A push below 140.00 levels would accelerate downside further. Any intraday/interday rally should be well capped below 143.00 levels (consolidation resistance). It is recommended to remain short, risk remains […]
