Daily chart: The USDX is making a bullish rebound above the support level of 79.19, but this is part of the corrective movements for bearish trend. It is expected that this bullish momentum will continue to the level of 80.00. However, if the USDX does make a breakout at the support level of 79.19, it’s […]
Daily chart: The GBP/USD is forming a bullish pattern below the resistance level of 1.6766. Now, it is very likely that this pair will fall further in the coming days as part of the corrective movements. However, if the pair manages to make a breakout at the resistance level, it’s expected to rise to the […]
EUR/USD: This currency trading instrument closed at 1.3884 on Friday, April 11, 2014. It closed on a bullish note, which means that the price was bullish last week. This bias is also expected to continue this week. The resistance line at 1.3900 is currently under siege, but the chances that the price would breach it […]
EURUSD: Although EUR continues to retain its upside bias, it faces the risk of a corrective pullback in the new week. Support lies at the 1.3820 level where a break will aim at the 1.3770 level. Further down, support resides at the 1.3676 level with a loss of there threatening further downside towards the 1.3600 […]
USDCHF: With USDCHF declining strongly to take back almost all of its three weeks gains the past week, the risk is for more weakness to occur. However, watch out for any correction following the mentioned decline. Immediate support lies at the 0.8700 level where a break will turn focus to the 0.8650 level. A cut […]
Overview: GBP/JPY is expected to trade with risks skewed lower. It is undermined by the increased investor risk aversion, Japan exporter sales and reduced expectations of further easing from the Bank of Japan. But GBP/JPY losses are tempered by the positive euro sentiment and demand from Japan importers and positions adjustment before weekend. Daily chart […]
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 […]
Daily fixation below 1.3870 gathered enough bearish pressure to push the pair towards the recent demand zone around 1.3700. At the end of the previous week, significant bullish pressure was applied at 1.3700 which paused the recent slide off 1.3965 pushing again above 1.3800. It’s important to note that the EUR/USD pair established a new […]
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 […]
Picture a dinner with friends. You arrive at a restaurant, you order, your food finally arrives and it looks fantastic. Once upon time, your first instinct might have been to smell it, enjoy the scent, wish everyone a pleasant meal and pick up your fork. However, the dining ritual in the last couple of years […]
FOREX Daily Outlook by Easy-Forex.com The EU Morning Report – The aussie fell from its five month high – 11 April 2014 Written by the easy-forex team Currencies The euro (EUR) completes its weekly rally by gaining more than 220 pips against the US dollar (USD) and climbed up to 1.3898. The pair advanced as […]
Hello eTorians!! This article is almost 2 weeks, due to a problem I had, I apologize for that. The USD didn’t find the right force against all other currencies, recovering a little only on the EUR and CHF, but losing to all the others, especially on the Aussie. The results for our Emerging Social Investors […]
Crude prices were seen trading lower on Friday, but holding on to its highest in a month amid the ongoing crises in Ukraine as talks over the tension between the country and Russia and gas supplies are expected to be held. Crude exports from Libya are expected to resume within the next five days. The […]
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:Forex forecast 04/18/2024: EUR/USD, USD/JPY, Oil and Bitcoin… April 18, 2024 We introduce you to the daily updated section of Forex…Video market update for April 18, 2024 April 18, 2024 Potential […]
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General overview for 11/04/2014 10:30 CET The corrective cycle continues on this pair and there are no signs of the downside trend resumption. The key intraday resistance is at the level of 141.54 and any breakout higher would mean the technical resistance area will be tested, along with 50%Fibo level as well. On the other […]
General overview for 11/04/2014 10:15 CET The upside recovery in this pair continues and there is a potential for more gains here if the level of 1.0901 holds. As anticipated, the pair is at the edge of the acceleration channel, and one more push higher might be possible to complete the corrective wave progression. Support/Resistance: […]
Daily pivot point: 0.8698 Trading recommendations: The NZD/USD pair is in the short term. Due to the previous events, the price is still between the levels of 0.8660 and 1.6705, so it is recommended to be careful while making deals in this area. Considering, it should be noted that the market will turn to bearish […]
USDCAD: With the pair halting its weakness and triggering a correction, further gains are envisaged. Resistance resides at the 1.1000 level, its big psycho level. Bears may come in here and turn the pair lower but if violated, further upside is likely towards the 1.1041 level and then the 1.1100 level. Further out, resistance resides […]
Tech selloff returns overnight on Wall Street with the Nasdaq dropping 3.1% for its worst day since November 2011 amid ongoing concerns over stretched valuations in the sector. The S&P500 meanwhile lost 2.1%; stock markets in Asia suffered sharp losses too with the Japanese Nikkei 225 falling to a six-month low — that’s put press […]
The Dollar index has not made much since yesterday. The Dollar index remains above critical support at 79.20 but trend remains down. There is no bullish signal. Ichimoku clouds remain above the current price. This is bearish. The Dollar index is now back testing the broken wedge trend line. Short-term support is 79.40-35. Short-term resistance […]
Overview: According to the previous events, the price of GBP/USD pair is going to move between the levels of 1.6822 and 1.6730. Equally important, it should be noted that the level of 1.6730 is representing a strong support in H1 chart. Additionally, the 1.6822 level is going to form a double top. Hence, the range […]
Overview: Since our previous analysis, the EUR/NZD pair has been trading upwards, as we expected, the price tested and rejected from the the level of 1.6101 on the volume below the average. According to the daily chart, we can observe demand bar on the volume just above the average, which is a sign that selling […]
Daily Forex Market Analysis with Michael Florentiades – Chief Economist – Head of Investment Research at XM.COM. (yen supported by falling stock markets; euro attempts to break 1.39 against dollar) Related Posts:What do Q1 earnings hold for Disney’s stock? – Stock Markets May 1, 2024 Walt Disney reports earnings before Wall Street’s opening bell on May 7…Technical Analysis […]
Technical outlook and chart setups: 1. The EUR/JPY produces a bullish bounce right at the cone support around 140.50 levels. The pair is trading at 141.40/50 levels at the moment and resistance is now seen at 142.60/143.00 levels. Please note that cone consolidation resistance line remains key for the next big move. 2. Support is […]
The Bank of England keeps rates low. Growth is looking healthier in the UK and inflation is still below the target, so it’s unlikely the bank will its benchmark interest rate from the current 0.5%. Bank of England policymakers allows the UK’s recovery to gather pace. The Committee also voted to maintain the stock of […]
Technical outlook and chart setups: 1. The GBP/CHF pair reverses ahead of the 1.4850 mark. At the moment the pair is trading well below 1.4700. It is expected to receive interim support at 1.4600 levels for now. a bullish reversal there should prompt us to exit short positions. 2. Support is seen at 1.4650/60, followed […]
Last week when the Dollar index broke out of an ending pattern, it should have seen a strong rally, but for the 9th time it failed to get past the 20-week and 20-month averages. This keeps open the possibility that a larger triangle is forming. Below the recent low of 79.27, the last support exists […]
Apprehensions on overvalued technology shares took its toll on Wall Street, which plummeted the Nasdaq by 3.1% and ignited deep plunges in the wider stock market on Thursday. Dow Jones Industrial Average declined 266.96 or 1.62%, to 16,170.22. S&P 500 dropped 39.10 or 2.09%, to 1,833.08. Some analysts described the sell off as moderately indiscriminate even though […]
