Learn how to set a take profit and stop loss on open orders on the online forex platform, Metatrader 4 Related Posts:Market Enigma: Why does the growth of tech giants not stop… October 30, 2023 The U.S. Commerce Department report indicates a rise in core…Overview of the EUR/USD pair. October 18th. The Fed puts a… […]
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The US trading session on Tuesday was relatively quiet, with the market mainly following through with the previous trend, as there was a lack of any major fundamental news or key US data to change direction. The dollar remained weak as investors will likely stay sidelined ahead of the FOMC meeting minutes due on Wednesday. […]
Overview The H4 chart demonstrates today that silver managed to break the Resistance level 27.50 and currently is trading above it trying to close 4H above this Resistance level. If silver fails to close 4H above it and managed to touch the Support level 27.00, it provides a good opportunity to sell below the Support […]
Overview Proceeding from today’s H4 chart, the pair has tried to break the Resistance level 151.70 since yesterday, but it failed again to break it through to continue its upward trend. If the pair manages to break the Resistance level and continues its bullish movement, we will get a good opportunity to buy again above […]
The euro had a mixed morning after a series of European data was relatively muted. In Germany, the February trade surplus increased to 16.8 billion euros, more than the expected 15.0 billion. Germany is Europe’s largest economy so the data is important. Meanwhile, the trade deficit widened in France to minus 6 billion in February […]
FOREX Daily Outlook by Easy-Forex.com Investors moving to euro; dropping yen The euro (EUR) is moving higher against the US dollar, having touched 1.3067 before correcting somewhat to 1.3045. The pair is gaining ground and is affected by continued confirmation from the Fed that quantitative easing will continue for some time as Chairman Bernanke affirmed […]
April 9th 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist European markets have opened higher this morning, as US earnings season kicked off to a good start after economic bellwether, Alcoa, reported annual growth in its first quarter profit which topped market estimates. Traders were also encouraged by a weakening of the Chinese annual […]
Looking at 1.5060 which was tested on Thursday, the GBP/USD pair expressed quite significant bullish price action leading towards 1.5230 which represents the upper limit of the depicted movement range. Yesterday, the GBP/USD pair challenged Friday’s high at 1.5362 failing to consolidate above. Instead, it is showing some bearish rejection which should be taken into […]
Lack of the bullish steam seemed to exist during the last few weeks and the pair seems to be under negative pressure which was manifested on March 26 in the massive bearish daily candlestick. Bearish rejection around 1.0300 was followed by multiple days of indecision within the same consolidation range 1.0225-1.0330 until the pair […]
USD/CAD Elliott Wave Since our last analysis the USD/CAD pair has been trading side-ways, corrective wave (4) (coloured pink) of the bigger wave 1 (coloured blue) has been developing. Yesterday, during the Asian session we could observe slight descending movement from 1.0179 towards the 1.0156 level and we can consider this move as the end […]
Yesterday the pound did not manage to hold the highs. Probably it was due to expectations for weak UK Trade Balance which is revealed today. This morning BRC Retail Sales Monitor in March has been issued. The growth was 1.9% vs. 2.7% in February. UK Trade Balance in February is published at 13:30 GMT+4, forecast […]
AUD/USD Elliott Wave Since our last analysis the AUD/USD pair has been trading upwards, just like we expected, impulsive wave 1 (coloured blue) of the bigger wave (5) (coloured green) has been developing. During the Mondays Asian and European sessions we could observe strong ascending movement from 1.0347 towards the 1.0423 level. Therefore, during […]
Yesterday the data on German Industrial production in February was released. It was up 0.5% vs. forecast for 0.4% (however, the January’s figure was revised downwardly to -0.6%, it prevented the continuation of the euro’s growth). Yesterday the reports on corporate activity for the first quarter began to be published. The forecasts are hardly optimistic, […]
The spot rate approaches the intermediate support of its medium-term bullish channel at 1.5190 suggesting a rebound. However, a break of this level will free a large potential and reach the lower limit of its channel at 1.5060. Technical indicators provide sell signals, but until the support is not broken the assumption of a […]
Gold approaches the intermediate support of its medium-term bearish channel at 1,568 suggesting a rebound. However, a break of this level will free a large potential and reach the lower limit of its channel at 1,537. Technical indicators provide sell signals, but until the support is not broken the assumption of a rebound is […]
EURUSD: The EURUSD pair moved upwards on Monday, but it is now retracing lower. The indicators on the chart support the northward bias: and it is still an expectation. The bullish signal remains valid, and it is not expected to go below the support line at 1.3000. The weekly target is still at the resistance […]
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:Weekly Forex Outlook: 12/04/2024 – More inflation data on… April 12, 2024 CPI numbers due in the UK and Japan. China to also…Video market update for April 11, 2024 April 11, 2024 […]
Read the Daily Market Report from Dave Evans, Professional Trader Yen Finally Starts To SlipMorning Report: 08.30 London • This morning the Japanese yen is pulling back, with the USD/JPY off by 0.55%. The other major pairs are off by a similar deficits. Click here […]
Overview: The NZD/USD pair continues its movement straight from 0.8400 (on the H4 chart 61.8% of Fibonacci retracement levels, as well it probably is going to retest it again). Therefore, the Kiwi has shown signs of strength following the break of the highest level of 0.8400, so it will be a good sign to […]
The spot rate is currently testing the upper limit of its medium-term bearish channel at 1.3070 suggesting a decline. However, a break of this level will initiate a violent bullish channel. Technical indicators do not provide clear signals, but until the resistance is not broken the assumption of a decline is most likely. Bollinger […]
The euro rose for a fifth day against a broadly weaker dollar and the yen edged lower against major peers during the Asian session Tuesday. Easier monetary policy being undertaken by central banks in the U.S. and Japan have had a weakening effect on the dollar and yen. Late on Tuesday night Federal Reserve Chairman […]
Yen extended losses against most major peers in the US trading session on Monday as the Bank of Japan’s begins its monetary easing following its announcement at the policy meeting last Thursday. Such measures include increasing the monetary base by purchasing Japanese government bonds (JGBs) to an annual pace of about 50 trillion yen, with […]
Overview Proceeding from today’s H4 chart, the pair has taken a strength upward trend last week and currently is testing the Resistance level 151.70 trying to break it through to continue its bullish trend. If the pair manages to break the Resistance level and continues its bullish movement, we will get a good opportunity to […]
Overview The H4 chart demonstrates today that last week silver failed to break the Resistance level 27.50 and still trading below it but currently is approaching the Support level 27.00. If silver manages to close 4H below it, it provides a good opportunity to sell below the Support level 27.00 with a level target of 26.60. After […]
Looking at 1.5060 which was tested on Thursday, the GBP/USD pair expressed quite significant bullish price action leading towards 1.5230 which represents the upper limit of the depicted movement range. Today few hours ago, the GBP/USD pair challenged Friday’s high at 1.5362 failing to consolidate above. Instead, it is showing some bearish rejection which […]
Lack of the bullish steam seemed to exist during the last few weeks and the pair seems to be under negative pressure which was manifested on March 26 in the massive bearish daily candlestick. Bearish rejection around 1.0300 was followed by multiple days of indecision within the same consolidation range 1.0225-1.0330 until the pair gave […]
Ex-British Prime Minister, Margaret Thatcher, died on Monday at the age of 87 years old. Thatcher was the first female British Prime Minister and was named the “Iron Lady” due to her tough and outspoken policies during her term in office from 1979 to 1990. She won three election victories as leader of the UK […]
The European Session was quiet on Monday with the absence of key economic data releases during the session. Most currency pairs consolidated after high activity on Friday following the US nonfarm payrolls. However, most of the focus today was on the Japanese yen. The yen reached its weakest in nearly four years as a result […]
