The pair continues its downward trend towards the new lows. In the daily and hourly charts, the pair is trading below the moving averages, which gives more strength to bear. But in the H4 chart, RSI is giving a positive divergence. Indicating a pullback rally from the current levels. The pair is trading at 1.8779 […]
The pair GBP/USD is moving sideways between 1.6584 – 1.6823. The pair has broken and closes below the 200DMA on September 2008 and move much lower. The pair attempted 2 times to close above this level, but resulted unsuccessful. From last 2 months the pair was consolidating near the 200DEMA and finally closed above the […]
Technical outlook and chart setups: 1. The EUR/JPY pair has stopped us out at 143.50 on Friday. But the pair has hit the 0.786 fibonacci resistance and reversed producing a doji and indicating that prices may move lower from here. It is recommended to again initiate short positions, risk remains at 145.50. 2. Immediate resistance […]
Technical outlook and chart setups: 1. The GBP/CHF pair seems to be testing the lows ahead of 1.4600 levels at the moment. A reversal here would indicate that the next move is higher. It is recommended to hold long positions for now, risk remains at 1.4600. 2. Immediate resistance is at 1.4950/60 followed by 1.5120/30, […]
Daily chart: After the fall that the USDX had last week, now it is making corrective movements in favor of the bearish trend. Now, it is very likely that the USDX begins to form a higher low pattern below resistance level of 80.11. If the USDX manages to consolidate below the 79.50 level, it would […]
Daily chart: GBP/USD remains stable in the bullish bias, but also this pair remains within the range of 1.6766 and 1.6663 levels. If the pair manages to consolidate above the level of 1.6766, it’s expected to rise to the resistance level of 1.6851. On the other hand, if the pair manages to make a breakout […]
Technical levels of the EUR/USD pair. 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 located […]
EURUSD: Having closed strongly higher for a fourth week in a row, further bullish offensive is likely. As long as it can trade and hold above the 1.3824 level, we look for the pair to strengthen further towards the 1.3914 level where a violation will turn attention to the 1.3950 level and then the 1.4000 […]
USDCHF: With USDCHF giving back its earlier gains for the week to close lower marginally lower the past week, more decline is likely in the week. This is with a lot of caution. Support comes in at the 0.8700 level, its psycho level. Below here will set the stage for further weakness towards the 0.8650 […]
The EUR/GBP was supported at the end of the week, touching the 0.83 level briefly before falling back. Ahead of the North American session, the pair was still looking to test the 0.83 mark amid a relatively light schedule. German industrial production rose 0.8% in January, according to the country’s Federal Statistics Department. Annually, production […]
The USD/JPY pair was back in the driver’s seat, soaring nearly 100 pips after Canada and the United States released diverging labour market reports. US private employers added 175,000 payrolls in February, according to official estimates from the Department of Labor. Earlier this week the ADP Institute said the US economy added 139,000 jobs last […]
The AUD/USD pair continued its meteoric comeback, rising to a high of 0.9135 at the end of the week. The pair, which has been supported by strong Australian fundamentals, seemingly shrugged off stronger than forecast US jobs numbers. The Aussie rose against the US dollar in every session this week, gaining more than 2% in […]
The GBP/USD had a relatively uneventful European session, as investors awaited the latest payroll data from the US Department of Labor. The pair, which rose for two consecutive days, was consolidating at the lower end of its range just prior to the North American session. The US labour market gave off mixed signals in February. […]
The EUR/USD eased off its recent highs after the Labor Department released a surprisingly upbeat payrolls report. The pair had previously soared past the 1.39 threshold after European Central Bank President Mario Draghi said there was no need to adopt more stimulus measures. The EUR/USD pair traded at a high of 1.3914, before falling to […]
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 to hit price level of 1.3900 corresponding to 100% Fibonacci Expansion. Through the fundamental point of view, the ECB’s President Mario Draghi stated that fundamental data indicates […]
After 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 daily chart shows indecision manifested in the slightly bullish movement which is taking place since February 17. The bulls found 1.6600 as a prominent support to be concentrated around. That’s why a recent […]
The pair established a prominent top around 1.1220 that pushed the USD/CAD pair back to the previous congestion zone between 1.0850 and 1.0960. This congestion zone provided 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. In the […]
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 […]
A stronger-than-expected nonfarm payrolls figure for February pushed the euro away from 2 ½ year highs achieved earlier in the session and gave the dollar a boost. The euro was moving higher on the back of inactivity by the ECB during the previous day’s rate-setting meeting, as many had expected the central bank to find […]
Hi eToro users, What a Big Day: NFP on one side, and the exclusive March Indices Competition on the other side! Let’s start with what I believe is the subject of today and everyday till the end of the month! MARCH INDICES COMPETITION! Are you curious to know who are our top performers for today? […]
Hi eToro users, What a Big Day: NFP on one side, and the exclusive March Indices Competition on the other side! Let’s start with what I believe is the subject of today and everyday till the end of the month! MARCH INDICES COMPETITION! Are you curious to know who are our top performers for today? […]
FOREX Daily Outlook by Easy-Forex.com The EU Morning Report – 151 thousand new jobs could shake the dollar – 07 March 2014 Written by the easy-forex team Currencies The euro (EUR) rose to 1.3862 from 1.3725 against the US dollar (USD) after Mario Draghi’s press conference yesterday. The central banker reinforced his confidence in the […]
Overview: USD/JPY is expected to consolidate with bullish bias after hitting a five-week high at 103.17 on Thursday as markets await 1330 GMT U.S. February nonfarm payrolls (expected to increase by 152,000) and unemployment rate (expected to slipped to 6.5% from 6.6% the month before). USD/JPY is underpinned by the buying of yen crosses amid […]
Overview: USD/CHF is expected to consolidate with bearish bias as markets await U.S. nonfarm payrolls report. USD/CHF is undermined by the franc demand on buoyant CHF/JPY cross and weaker dollar sentiment. But USD/CHF downside is limited by the franc sales on buoyant EUR/CHF cross and positions adjustment before weekend. Daily chart is negative-biased as MACD […]
Overview: NZD/USD is expected to consolidate with bullish bias after hitting a four-month high of 0.8502 on Thursday as markets await U.S. nonfarm payrolls report. NZD/USD is supported by Kiwi demand on NZD/JPY cross amid positive investor risk sentiment, weaker dollar sentiment, hawkish Reserve Bank of New Zealand’s monetary policy stance and firmer commodity prices. […]
Overview: GBP/JPY is expected to consolidate with bullish bias as markets await U.S. nonfarm payrolls report. GBP/JPY is underpinned by improved euro sentiment, positive investor risk appetite, demand from the Japan importers and loose BOJ’s monetary policy. But EUR/JPY gains are tempered by the Japan exporter sales and positions adjustment before the weekend. Daily chart […]
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 17, 2024 April 17, 2024 Potential for the further drop on NAS100The material has been…Forex forecast 04/17/2024: EUR/USD, GBP/USD, Gold, Bitcoin… April 17, 2024 We introduce […]
Overview: Since our previous analysis, the EUR/NZD pair has been trading downwards, as we expected, the price tested the level of 1.6367 on average volume. Be careful with selling since we’ve got buying climax (strong demand) starting from the level of 1.6191. EUR/NZD is in short- and mid-term bullish trend, so watch for buying opportunities […]
Canada’s currency bolstered over C$1.10 per U.S. dollar for the first time in more than two weeks as building permits spiked up more than projected, adding to indications that the global economy is emerging. The currency rallied for a second day after the Bank of Canada continue with its key interest rate unaltered yesterday and […]
The pound sagged down the most in more than a month versus the euro as European Central Bank President Mario Draghi raised projections for euro-area development this year, increasing the relative allure of the shared currency. U.K. 10-year bonds retreated with German bunds. The pound slumped versus most of its 16 major counterparts dropping most […]
