Daily chart: The USDX is strengthening the bearish bias, as the USDX is approaching the support level of 79.19. That level could serve as a strong support for the USDX, so it could make bullish and bearish patterns to make a breakout at that level. On the other hand, if the USDX makes a bullish […]
Daily chart: This pair keeps moving below the resistance level of 1.6663. However, the bullish trend is still alive in the GBP/USD, because this pair is forming a bullish pattern on the daily chart. Last week, the pair formed a fractal near the 1.6540 level. If GBP/USD manages to make a breakout at the level […]
Weekly technical levels of the EUR/USD pair. Notes: The double top will set at the level of 1.3966. The minor support is going to set at 1.3901. And this level is going to represent the weekly pivot point on March 17, 2014. The major support had already set at the price of 1.3836. Moreover, the […]
General idea about the pivot point. Resistance 3 and support 3 are considered to be clear indicators of the maximum range of extreme volatility, though it is possible to pass them through. Pivot lines work well in the sideways markets, as the prices are most likely to be between the resistance 1 and support 1 […]
EURUSD: Having EUR managed to closed higher the past week after testing a high of 1.3966 level, risk points higher. However, with the 1.4000 level resistance nearby it may continue to fail ahead of that level with downside risk envisaged. Resistance resides at the 1.3966 level, its Mar 13 2014 high with a cut through […]
USDCHF: With the pair extending its weakness the past week, further downside is expected in the new week.However, it may begin to look for corrective recovery since the mentioned weakness is overextended. On the other hand, support comes in at the 0,8698 level with a break and hold below here resuming its medium term downtrend […]
The AUD/USD remained elevated at the end of the week after upbeat Australian employment figures sent the pair back above the 0.90 threshold. The Australian labour market rebounded strongly in February despite warnings from the central bank that joblessness could rise this year. The Australian labour market added 47,300 workers in February, the Bureau of […]
The USD/CAD was trading higher at the end of the week, despite softer than expected US producer inflation data. The pair declined sharply in the previous session despite stronger than forecast US retail sales. North of the border, Statistics Canada reported a rise in housing prices in January. The price of Canadian homes increased 0.3% […]
The EUR/GBP maintained its upward momentum at the end of the week after the UK Office for National Statistics said the country’s trade deficit widened by a larger amount than forecast. Meanwhile, German consumer inflation rebounded strongly in February. The UK’s goods trade deficit widened in January from -7.662 billion pounds to -9.793 billion pounds, […]
The GBP/USD held steady at the end of the week, as economic data on both sides of the Atlantic disappointed investors. The UK’s trade deficit widened in January, the government’s statistics office reported. The goods trade balance, which measures the balance between exports and imports, went from -7.662 billion pounds to -9.793 billion pounds. Economists […]
The EUR/USD pair was trading in positive territory at the end of the week, as investors absorbed the latest round of German consumer inflation data. The pair soared to a high of 1.3962 earlier in the week before paring some of those gains. Ahead of the North American session, the euro is trading slightly below […]
After the breakout above 1.6600 took place, the GBP/USD pair has been trapped within a consolidation zone located between 1.6600 and 1.6800. The bulls found 1.6600 as a prominent support to concentrate around. That’s why a recent bottom was established there on the last visit on February 24. Price level of 1.6820 remains the highest […]
On January 24, the EUR/AUD pair initiated a downside movement. This movement was maintained within the depicted bearish channel. On February 13, the bulls expressed a bullish breakout above the upper limit when the bears seemed to be weak. Simultaneously, the bulls established a bullish Head and Shoulders pattern off 1.5000. The neckline was located […]
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. […]
Successive ascending bottoms were established on the daily chart. This means the uptrend line established on September 2013 is still intact. As expected, the ongoing bullish impulse succeeded in hitting price level of 1.3900. This level corresponds to 100% Fibonacci Expansion. Yesterday, the bulls topped at 1.3965 then bearish rejection was expressed resulting in a […]
Overview: USD/JPY is expected to consolidate with bearish bias after hitting its seven-day low at 101.54 on Thursday. It is undermined by the flows to safe-haven JPY and unwinding of JPY-funded carry trades amid increased risk aversion (VIX fear gauge surged 12.09% to 16.22, S&P tumbled 1.17% overnight) as the intensifying crisis in Ukraine and […]
Overview: The NZD/USD is expected to consolidate with bullish bias after hitting one-year high at 0.8606 on Thursday. It is undermined by the Kiwi sales on the soft NZD/JPY cross amid increased investor risk aversion, positive dollar sentiment and concerns over economic slowdown in China and weak commodity prices. But the NZD/USD losses are tempered […]
Hi eToro users! I started 2 weeks ago the first part of The Story of a Great Man. Now in continuation of that, lets fast-forwarding to the year 2006. Buffet announced that his entire $62 billion fortune was to be given to charity – the largest donation in US history. (OK seriously now, look yourselves in the […]
Overview:The USD/CHF is expected to trade in higher range after hitting more-than-two-year low of 0.8696 Thursday. It is underpinned by the positive dollar sentiment and franc sales on weak the CHF/JPY cross. But the USD/CHF gains are tempered by the franc demand on the soft EUR/CHF cross and positions adjustment before weekend. Daily chart mixed […]
Overview:The GBP/JPY is expected to trade in lower range.It is undermined by the increased investor risk aversion and weaker euro sentiment after euro-negative comments from ECB President Draghi and Japan exporter sales. But the EUR/JPY losses are tempered by the demand from Japan importers and loose BOJ’s monetary policy and positions adjustment before weekend. Daily […]
Safe haven demand favoured the yen ahead of this weekend’s risk event. The Crimean referendum to secede from Ukraine will be held this Sunday while Western countries are threatening to impose sanction on Russia, which refuses to back down on its plans to annex the Crimean region. Russia has gone ahead with military exercises near […]
Overview:Since our previous analysis, the EUR/NZD pair has been trading upwards, the price rejected from previous swing lows (1.6190) and tested the price of 1.6288 on average volume. Our previous analysis is still valid. Be careful with selling since we’ve got selling climax in the background and we are near the previous lows. According to […]
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 […]
Technical outlook and chart setups: 1. The EUR/JPY pair is on track towards 130.00 levels at the moment. It is testing the line of support at 140.50 levels. A clear break is required to instill further confidence in the bearish setup. It is recommended to remain short, bring risk to break even levels.(143.00) 2. Immediate […]
Technical outlook and chart setups: 1. The GBP/CHF pair is drifting lower towards 1.4350 levels now. Please note that a any bullish bounce here should remain well capped below the 1.4650/1.4700 level. It is recommended to remain short for now, risk remains at 1.4700. 2. Immediate resistance is at 1.4850/60, followed by 1.4950/60 and 1.5120/30 […]
European Central Bank (ECB) President Mario Draghi said on Thursday his forward guidance may help to drag the 18-bloc euro currency lower and reduce interest rates, which could help inflation return to the goal set by policymakers. “Our forward guidance … creates a de facto loosening of policy stance, as real interest rates are set […]
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 05, 2024 April 7, 2024 Potential for the further drop on NAS100 ….The material has…Why is gold defying gravity? – Special Report April 7, 2024 Gold […]
The Dollar index bounced once it touched the lower wegde boundaries but still remains in downtrend. Lower highs is not a good sign for bulls. Short-term trend remains down as the index trades below the Ichimoku cloud and has not broken above the previous high at 79.93. For the trend to change to up, we […]
The most important event of next week will be the Federal Reserve policy announcement on Wednesday following a two-day meeting. Investors will look out to see if the Fed will scale back its current bond buying program further. The current pace of purchases is at $65 billion a month after the Fed trimmed the original […]
European equity investors are setting more orders by means of computers than through flesh-and-blood traders for the first time as new market policies push more money managers to go high-tech and low expenditure. The widespread regulatory alterations, outlined to make exchanging more secured, more transparent and better worth, have hit brokers and asset managers alike […]
