Overview: Since our last analysis, Gold has been trading downward movement, as we expected. The price tested level of 1,187.86 on very high volume. Thus, we are still waiting for further downward movement. According to the 4H chart, we can observe supply on high volume which may be a sign for further bearish continuation. We […]
Daily chart USD/CHF is currently at its bottom line as the range trend line is 3/8 (green Murrey line). However there seems to be some depletion and a correction can be expected below this line at least to return profits earned during the session on Thursday. We can also see that at these levels USD/CHF is […]
Overview: Since our last analysis, the EUR/NZD pair has been trading sideways around the price of 1.6715. Thus, we are still waiting for further bullish movement and the testing of 1.7000. Since our FR 38.2% has held, the level of 1.6480 is the possible end of the bearish corrective phase. I have placed Fibonacci expansion […]
The euro was stronger by 0.11% against the dollar, to trade at 1.3645, rebounding slightly after recent losses. The dollar continued to trade very near its highs against the Japanese yen, gaining a slight 0.06% to trade at 104.46. It was a relatively busy session in terms of economic statistics releases, but these were mostly […]
Overview: USD/JPY is consolidating with bullish bias after hitting five-year high 104.37 Thursday as markets await Bank of Japan’s monetary policy decision: BOJ is expected to stay pat today. Liquidity in markets is thinning as yearend holidays loom. USD/JPY is buoyed by bullish dollar sentiment after the Federal Reserve on Wednesday unexpectedly announced it would […]
Overview: NZD/USD is consolidating with bearish bias after hitting two-week low 0.8150 Thursday. It is undermined by bullish dollar sentiment; contagion from weak regional Asian currencies after Fed’s taper. But NZD/USD losses are tempered by positions adjustment before weekend. Daily chart is negative-biased as stochastics is bearish, MACD histogram bars are turning negative; the five-day […]
Overview: USD/CHF is trading in higher range. It is underpinned by bullish dollar sentiment; franc sales in buoyant EUR/CHF cross. But USD/CHF gains are tempered by positions adjustment before weekend. Daily chart is positive-biased as stochastics is rising from oversold zone; MACD staged bullish crossover against its exponential moving average. Trading recommendations: The pair is […]
The Dollar index continues its upward move above the short term downward sloping channel. It has now entered important resistance area and it is crucial for its longer term trend to see how it reacts at this level. The short term bullish signal has transformed into an intermediate term trend change that could challenge the […]
Gold prices are unfolding in a downward impulsive move which we label as wave 5 of the decline that started at 1,360. We expect prices to continue lower towards our Head and shoulders target of 1,140. First support area is the previous low at 1,179 which can provide a small upward bounce. Trend remains downward […]
Overview: GBP/JPY is trading in higher range. It is underpinned by buoyant USD/JPY; demand from Japan importers. But GBP/JPY upside is limited by Japan exporter sales; positions adjustment before weekend. Daily chart is still positive-biased as MACD and stochastics are bullish, although the latter is in overbought area; the five- and 15-day moving averages are […]
FOREX Daily Outlook by Easy-Forex.com The EU Morning Report – EU loses AAA rating – 20 December 2013 Written by the easy-forex team Currencies The euro (EUR) has been on a bearish trajectory since the FOMC statement on Wednesday. The announcement of a USD 10 billion taper has pushed the value of the dollar higher […]
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 15, 2024 April 15, 2024 Potential for the further rally on USD/JPYThe material has been…Forex forecast 04/15/2024: EUR/USD, GBP/USD,USD/CAD, USDX… April 15, 2024 We introduce you […]
(Click to enlarge) Both the pound and the dollar have seen positive fundamental developments during the past few trading sessions. As a result the recent fresh 2 – year high registered by the pound against the dollar did not result in follow-through buying and the pair remained roughly in a trading range pattern. The high […]
EURUSD: As it was forecasted, the EURUSD rejected bullish attempts on it in this week and has assumed a new bearish bias. The price is currently going towards the support line of 1.3600 and would eventually break it to the upside. There is now a Bearish Confirmation Pattern on the chart. USDCHF: As it was […]
General overview for 20/12/2013 07:40 CET The price has retraced a little more than expected without making a visible wave five to the upside, so now it is possible that the whole structure will be a kind of Ending Diagonal pattern IF the level of 1.0654 is violated. Otherwise there is a pretty good chance […]
General overview for 20/12/2013 07:30 CET The choppy, overlapping price action of this pair continues developing. Currently, some form of complex corrective cycle is being developed in wave b green and the termination level is at one of the previous Intraday Support levels. On the other hand, any upside rally is being capped so far […]
Today’s Support and Resistance levels: R3: 1.6756 R2: 1.6694 R1: 1.6659 Current Spot: 1.6626 S1: 1.6597 S2: 1.6569 S3: 1.6517 Technical summary: We are still looking for the final rally in blue wave v higher towards 1.6869 to end the leading diagonal. Once we have seen 1.6869 tested we should see a correction lower towards […]
Today’s Support and Resistance levels: R3: 143.24 R2: 142.89 R1: 142.59 Current Spot: 142.38 S1: 142.14 S2: 141.86 S3: 141.41 Technical summary: It is still an open question whether we have seen an important top at 142.89 or we need more upside action before the top is finally in place. To confirm, that we have […]
Festive Cheer as Gold Rebounds Morning Report: 08.30 London • This morning, the dollar index is still dominated market movements, with the yen pairs continuing their ascent. • In other dollar pairs, the EUR/USD still struggling, while in commodities, Silver is struggling in the face of dollar strength. • This seems to matter little to […]
December 20th, 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist. Find us on social media to be kept up to date with the latest ETX Capital news: Facebook: https://www.facebook.com/#!/ETXCapitalGroup Twitter: https://twitter.com/#!/etxcapital LinkedIn: http://www.linkedin.com/company/445425?trk=tyah ETX Capital’s RSS site: http://my.etxcapital.co.uk/ Related Posts:Trading Signals for GBP/USD for April 8-10, 2024: buy if… April 8, 2024 The British […]
The dollar continued to post gains after the Fed’s decision to taper its monthly bond-buying, although the gains were contained as trading appeared to be winding down ahead of the Christmas and New Year holidays. The euro fell 0.23% against the dollar to trade at 1.363, after rating agency S&P downgraded the European Union institutions […]
Overview: GBP/USD is trading in a range. Sterling sentiment is dented by smaller-than-expected +0.3% on-month and +2.0% on-year increase in U.K. November retail sales (versus forecast +0.4%, +2.5% respectively). GBP/USD is also undermined by bullish dollar sentiment. But GBP/USD downside is limited after data Wednesday showed a surprise fall in U.K. unemployment rate to 7.4% […]
Overview: EUR/JPY is trading in a range. It is underpinned by buoyant USD/JPY; demand from Japan importers. But EUR/JPY upside is limited by Japan exporter sales; positions adjustment before weekend. Technical comment: Daily chart is still positive-biased as MACD & stochastics are bullish, although the latter is in overbought zone; the 5- and 15-day moving […]
After the Fed announced the tapering, which will start in January 2014 and they just only cut $10 billion, the market is already satisfied because all the market participants have a clear direction especially in Mr. Bernanke speech have a veiled message that they will start with a hawkish policy in 2015. Today EUR/USD seems moving with […]
A longer-term bull becomes a longer-term bear. It is almost 29% correction. It is the longest correction in gold since 1980’s. Gold is digging all the way to June low’s. Is it going to make a new low? 90% traders are in bearish mood. only 10% are in bullish mode. Yesterday, Obama administration hinted about […]
Crude is trading at $98.68 at Asia’s trading session. At August high $112, it made a low at $91.8. We can call it as a short-term bottom. It holds 21EMA support at $96 and hold above $98. Indicators show a bit over bought signs in daily charts. We could expect some more higher levels in […]
Overview: EUR/USD is trading in a lower range. It is undermined by bullish dollar sentiment, the euro sales in the soft EUR/GBP cross. But EUR/USD losses are tempered by positions adjustment before weekend. Data focus: 0700 GMT Germany November PPI, 0710 GMT Germany January GfK consumer climate survey (forecast 7.4), 1500 GMT euro-zone December FCCI […]
Today Japan will release some data like Monetary Policy Statement; BOJ Press Conference. The US will release the US-Final GDP q/q; and Fed Chairman Nomination Vote. So there is a probability that USD/JPY will move with low to moderately volatility during this day. TODAY’s TECHNICAL LEVELS: Resistance. 3 : 104.85. Resistance. 2 : 104.65. Resistance. 1 […]
Daily pivot point: 1.3695 Overview: The EUR/USD pair has already formed strong resistance at 1.3700 since yesterday, as well as it should be noted that the support has been broken and turned to resistance on December 20, 2013. It might be noticed that after, it can close above 78.6% Fibonacci retracements levels (1.3700) and […]
Daily chart: USDX continues to rise and it seems that it is forming a lower high pattern below the 80.62 level. There are currently bearish patterns in this chart, as it is very likely that USDX will attempt to climb up the 200 SMA, which is situated near the 81.05 level. However, if USDX makes […]
