Today from the Euro Zone we will receive such news like Spanish Unemployment Change, M3 Money Supply y/y, Private Loans y/y, Italian Prelim CPI m/m; and from the US market we will get such data as the US Natural Gas Storage, US Crude Oil Inventories. We predict the EUR/USD price will move in a medium volatility today. TODAY’s […]
Today Japan market is closed (Bank Holiday), but there will be some data released from the US market such as US Natural Gas Storage, US Crude Oil Inventories. Baseв on this fact and that it’s the beginning of 2014, there is a possibility for this pair to move in a ranging condition with a low volatility impact. […]
Dow reaches its upper trend line at the level 16700. Last couple of times we mentioned that the level near 16700 is the very crucial level for Dow. Yesterday Dow hits intra high at the level of 16562 and closed at 16444 indicating triple digit loss. In the daily charts, oscillators shows negative divergence. The […]
Overview: The AUD/USD pair had been fallen from the level of 0.9050, and it was extended further to as low as 0.8970 this week, furthermore the price had been below 38.2% of Fibonacci retracement levels since December 12, 2013. Additionally, it should be noted that the price had formed a strong resistance at […]
Overview: The NZD/USD pair will keep moving downwards from the level of 0.8120 (this level coincides with the 50% of Fibonacci retracement levels in H4 chart). Accordingly, the Kiwi is going to show signs of strength at the owest price of 0.8120 on January 3, 2014. Thus, it will be a good deal to […]
Gold is moving towards new lower levels in the year of 2014 as well. Recent housing data showed the US economy came back. It increases the confidence level of the Fed. It will start tampering slowly. After the tampering we need to look at the other important factor such as interest rates. We expect interest rate […]
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Overview As it was expected, we should wait for breaking theresistance level of 174.75 before making the decision to continue the bullish move. Today and as shown from the H4 chart, the pair failed to break thisresistance level to reverse its bullish trend since the beginning of December taking a bearish move to break the […]
Weekly Chart The crude oil continues its weekly drop after a first attempt to continue climbing the first day of the week . This week oil has already lost more than 250 pips, it is very close to its weekly pivot located at 97.31 where it will probably find its support and resume its upward […]
Overview: USD/JPY is expected to trade with bearish bias with risks skewed higher. Liquidity thin in Asia today as financial markets in Japan & New Zealand are shut for holiday. USD/JPY underpinned by yen-funded carry trades amid positive risk sentiment (S&P gained 0.4% Tuesday) as the U.S. Conference Board consumer confidence index rose more […]
Overview: GBP/JPY is expected to trade in lower range with risks skewed higher supported by weak yen and positive risk sentiment. But GBP/JPY gains tempered by sell-euro orders from Japan exporters. Daily chart is positive-biased as MACD is bullish, stochastics stays elevated at overbought, five- and 15-day moving averages are advancing. Trading recommendations: The pair […]
Daily chart: The USDX opened the new year with a strong bullish gap above the support level of 80.11. Now, the USDX is trying to break the resistance level of 80.62. If successful, it is expected to rise to the level of 81.05, where the 200 day moving average is located. However, it is very […]
Daily chart: The GBP/USD began 2014 completely dominated by the bears, as this found resistance at the level of 1.6540 and now this pair is about to touch the support level of 1.6447. If the pair manages to break this support level, it would be expected to fall to the level of 1.6326. On the […]
Overview: USD/CHF is expected to trade with bullish bias undermined by franc demand on CHF/JPY amid weak yen sentiment. But USD/CHF downside movement is limited by franc sales on buoyant EUR/CHF. Daily chart is mixed as MACD and stochastics are in bullish mode, but five-day moving average is meandering sideways. Trading recommendation: The pair is […]
Overview: NZD/USD is trading sideways supported by Kiwi demand on NZD/JPY amid weak yen and positive risk sentiment as well as Kiwi demand on soft AUD/NZD. But NZD/USD upside movement is limited by weaker commodity prices and narrowing NZD/USD yield advantage. Daily chart is mixed as MACD is in bearish mode, but stochastics is rising […]
Daily Chart The USD/CHF trading began today with a small gap on the market. At this time it keeps rising, and is located on top of your 3/8 line (green line) of g, Murrey J, the same that is, as we all know the bottom line of its trading range. The blue line of 4/8, […]
The US dollar was the best performing currency today as it entered the New Year on a strong footing and hit new highs against the yen. A rise in US Treasury bond yields lent support to the greenback, while an upbeat US jobless claims report gave an additional boost . According to data from the […]
Readings of the European Statistical Office disclosed three weeks ago showed that the European inflation was 1.1% in September, in line with preliminary projections, while it settled at 1.3% in August. This constituted to the recent bullish jump that took place on October 22. Around 1.3800, previous daily candlesticks represented indecision initiating a bearish retracement towards […]
Overview: Since our last analysis, Gold has been trading upwards, the price rejected from the level of 1,182.14 (met both our down stations) and tested level of 1,228.16 on volume above the average. We got FE 161.8 % at the 1,226.00 price, which was held successfully, so we may expect further bearish movement. We can observe decreasing volume on […]
USD/CAD Elliott Wave Last week, the USD/CAD pair has been trading downwards, just like we expected, corrective wave x (colured blue) of the bigger wave (y) (coloured red) has been developing. On the 1H chart above you can see that we have completed FLAT pattern on Tuesday at the 1.0615 level and from there this commodity pair has been […]
AUD/USD Elliott Wave Since our last analysis the AUD/USD pair has been trading downwards, corrective wave (c) (coloured blue) of the bigger wave (iv) (coloured red) has completed cycle from the 0.8819 level. During today’s Asian session we could observe strong descending movement from 0.8950 towards 0.8853 level and we can consider this move as potential start of […]
Overview: Since our last analysis, the EUR/NZD pair has been trading upwards, as we expected, the price tested level of 1.6826 on high volume. As you can see from the chart, the price rejected from level of 1.6717 (around FE 100 %), so we marked level of 1.6717 as the end of bearish corrective phase. […]
(click to enlarge) The announcement of the final Eurozone Manufacturing business sentiment index (PMI) for December was a confirmation that the region’s economic recovery was on track. Hence, economic growth in the 1% to 1.5% range looks quite plausible for the Eurozone during the New Year. The final headline figure came in line with expectations […]
FOREX Daily Outlook by Easy-Forex.com The EU Morning Report – Currencies mixed ahead of holiday season – 23 December 2013 Written by the easy-forex team Currencies The euro (EUR) has rebounded against the US dollar (USD) after touching 1.3636 on Friday. The single currency is currently at 1.3681 and may be looking at resistance at […]
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:EUR/USD. April 25th. Bulls continue to advance and expect a… April 25, 2024 The EUR/USD pair made a new turnaround in favor of…Forex forecast 04/25/2024: EUR/USD, USDX, Gold and Bitcoin… April […]
General overview for 02/01/2014 11:50 CET Five impulsive waves to the downside has been done and the level of 1.0614 is the low of the wave (i) now. Currently price is in corrective cycle wave (ii) that might have been finished for now and any breakout below the golden trend line and then below the […]
Gold prices have met the minimum requirements for 5 wave, decline from $1,260, as on the last session of 2013, prices made a new lower low for wave 5. We were expecting prices to make the low below $1,1170 but, since requirements were met, we can conclude that the decline is over. The gap up opened […]
General overview for 02/01/2014 11:00 CET Today we will take more broader look at this pair on weekly, daily and intraday charts. From the bigger perspective view the Elliott Wave count on the weekly chart still shows the possibility of another high that could be made as long as the DEMAND ZONE between the levels […]
The Dollar index, despite gapping up today, has reached the important resistance level at 80.40 that we noted in our last analysis and was rejected right away. Prices are pulling back down to fill the gap. The current price action remains corrective inside the triangle boundaries. We remain neutral. As can be seen in the […]
Sterling remains strong against the euro, keeping EURGBP bearish. Currently there is congestion at the 50% Fibonacci retracement level at 0.8286 of the move from the July low to the February high, as observed on the weekly chart. This Fibonacci level acts as strong support in the near term but a potential move below this […]
