Daily chart: The USDX is approaching the support level of 79.19. The bearish bias remains very strong, so it is very likely that the USDX start making corrective movements as the USDX is oversold on low charts. However, if the USDX does make a breakout in the support level of 79.19, it’s expected to fall […]
Daily chart: The GBP/USD continues to make quite slow movements, so this pair has not defined a trend for the next few days in this chart. For now, this pair is forming a higher low pattern below the resistance level of 1.6663. If the pair manages to make a bearish rebound at current levels, it […]
Weekly technical levels of the USD/CHF pair. Notes: We expect a range about 70 pips today. The risk of 70 pips must make a profit of 105 pips. The value of 50% Fibonacci retracement levels is 0.8751. The level of 0.8751 will confirm the bullish market. Volatility on March 27, 2014 is 92.76. As a […]
Weekly technical levels of the NZD/USD pair: Trading recommendations: As it is known, history will probably repeat itself at this level again. So, according to the previous events, the NZD/USD pair is still moving between 0.8600 and 0.8530. Additionally, it should be noted that the minor support is going to set at the level of […]
As depicted on the chart, the next demand level is located around 50% Fibonacci at 1.6540. As long as 1.6820 remains the highest level for the month, the price level of 1.6540 remains the target for the bears. Another scenario is that a Double Top pattern is being established with the neckline located around 1.6600-1.6580. […]
The new week started off with a clear vote from the Crimean population in favor for Russia. How does this influence the markets, esp. the EURUSD and Gold? Gold seems to always be a safe haven when times may get rough, but is it a long term solution or only a short term reaction to […]
The USD/JPY pair rebounded strongly at the beginning of the week. The pair closed the previous week on the downside, as escalating conflict in the Ukraine’s Crimea region weighed on risk sentiment. Following Crimea’s vote to join the Russian Federation, the markets could face more volatility, which would support the Japanese yen. The week’s most […]
The North American pair opened the week in negative territory, trading well below the 1.11 threshold. As the week progresses, investors will have the opportunity to gauge the relative performance of the US and Canadian economies, as several high profile data releases are scheduled. Statistics Canada will report on manufacturing shipments, wholesale sales, retail sales […]
The EUR/GBP opened up the week in positive territory, despite weaker than forecast Eurozone inflation data. The pair faces an active and potentially volatile week, headlined by economic data and monetary policy. Eurozone data largely disappointed the markets at the beginning of the week. The Eurozone Consumer Price Index eased to 0.3% in February. At […]
The GBP/USD faces an active and potentially volatile week of trade, as policymakers on both sides of the Atlantic coalesce to discuss monetary stimulus and interest rates. In the background several high profile data releases will make the rounds, giving investors a chance to size the fundamentals of the US and UK economies. The Bank […]
The EUR/USD opened the week slightly above the 1.39 handle, as investors grappled with the latest Eurostat data release. Eurozone consumer price inflation eased to 0.7% in February, raising concern the currency region was succumbing to inflationary pressures. The so-called core measure of consumer inflation, which controls for volatile elements such as energy and food, […]
How The Ukraine Crisis Affects Your Money As Ukraine sits rather uncomfortably between Russia and Europe, most energy resources, food and commodities costs rose during this period of time as the country is in turmoil for more than a few months. At this point, investors and world leaders are taking into consideration the way in […]
Successive ascending bottoms were established on the daily chart. This means the uptrend line established in September 2013 is still intact. As expected, the ongoing bullish impulse succeeded in hitting the price level of 1.3900. This level corresponds to 100% Fibonacci Expansion. A Shooting Star daily candlestick was expressed on Thursday after topping at 1.3965. […]
From the 4H chart, last week the pair failed to break the support level of 167.85 to reverse downward trend and take an upward move. From today’s 4H chart, the pair bounced from the support level and started to take an upward movement approaching the resistance level of 169.75 which is tested right now. Currently […]
Previous congestion zone between 1.0850 and 1.0960 provided a considerable support at retesting on February 19. This led again towards 1.1190 where the USD/CAD pair topped on February 21 establishing a possible Double Top reversal pattern. Price levels of 1.0950 and 1.0850 correspond not only to a previous congestion zone but also to the uptrend […]
On February 13, the bulls expressed a bullish breakout above the upper limit of the previous bearish channel. This took place when the bears showed obvious weakness. On the short-term prospective, the pair remains bullish as long as the newly established bottom at 1.5315-1.5300 remains defended by the bulls. A bearish Head and Shoulders pattern […]
Firstly, I’d like to start today’s report by saying thank you to all of you who are regular readers. Your high level comments, questions, and shares, are highly appreciated. I’m especially glad to see that people are gaining knowledge and taking smarter decisions in their investment accounts. This is the CopyTrader Gains Report for the […]
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Despite on-going geopolitical risks with regards to Crimea, the foreign exchange market has been quite complacent. Crimea has formally applied for union with Russia after 95% of voter backed the idea in a referendum on Sunday. US President Obama issued a new executive order to authorize sanctions on certain Russian government officials. The EU issued […]
FOREX Daily Outlook by Easy-Forex.com The EU Morning Report – The single currency touched its two and a half year high – 13 March 2014 Written by the easy-forex team Currencies The euro (EUR) climbed up to its two and a half year high at 1.3948 against the US dollar (USD). The single currency rose […]
Overview: Since our previous analysis, the EUR/NZD pair has been trading upwards, the price rejected from previous swing lows (1.6177) and tested the price of 1.6230 on higher volume. Our previous analysis is still valid. Be careful with selling since we’ve got selling climax in the background, weak supply near the price of 1.6200 and […]
Overview: USD/JPY is expected to consolidate with bearish bias after hitting a five-week low 101.15 this morning. It is undermined by the selling of yen amid increased risk aversion (VIX fear gauge rose 9.86% to 17.82, S&P fell 0.28% Friday) amid ongoing jitters about Ukraine-Crimeans voted on Sunday to break away from Ukraine and join […]
Overview: USD/CHF is expected to trade with bullish bias. It is undermined by the weaker dollar sentiment and flows to haven franc amid increased investor risk aversion. But franc sentiment is dented by the 0.8% on-year drop in Switzerland February import price index and 0.4% on-year drop in February PPI. USD/CHF losses are also tempered […]
AUDUSD: With the pair rallying, the risk is for more strength to occur towards the 0.9102 level, its Mar 13 2014 high. A break and hold above here will turn focus to the 0.9132 level, representing its Mar 07 2014 high. Further out, resistance resides at the 0.9200 level, its psycho level. Its daily RSI […]
General overview for 17/03/2014 11:11 CET The bullish impulsive count has almost been invalidated due to the very deep retrace in wave (iv) green in shape of irregular flat (a)(b)(c) pattern. Currently, the market is trying to bounce higher and test the key level of recent support breakout at the level of 142.20. In case […]
The 18-bloc common currency was seen trading lower against the US dollar on Monday, dragged lower by the disappointing CPI data, which revealed a downward movement in February. The euro dropped under $1.3900 per US dollar at the opening of the Asian trading session; following Sunday’s Crimean referendum which showed the Crimea peninsula backed leaving […]
Overview: NZD/USD is expected to trade in a higher range. It is undermined by the Kiwi sales on soft NZD/JPY cross amid increased investor risk aversion, concerns over economic slowdown in China and soft commodity prices. But NZD/USD losses are tempered by the hawkish Reserve Bank of New Zealand’s monetary policy stance, weaker dollar sentiment […]
Overview: GBP/JPY is expected to trade with bullish bias. It is undermined by the increased investor risk aversion and Japan exporter sales. But GBP/JPY losses are tempered by the demand from Japan importers and loose BOJ’s monetary policy. Daily chart is negative-biased as stochastics is falling from overbought, MACD histogram bars is turning negative. Trading […]
General overview for 17/03/2014 11:30 CET The market is still in a range zone, but there is a possibility to count the recent wave progression as impulsive, as long as the key level is not broken. This scenario has been indicated on the chart as red impulsive alternate count that might be the first stage […]
The Dollar index remains in downtrend. The previous high at 79.70 has not even been challenged. Bulls to reverse trend will need to break at least above 80. Short-term support at 79.25 has given bulls a small upward bounce but it seems that it is weak. Bulls will need to show more strength and break […]
