AUD/USD Elliott Wave Since our last analysis, the AUD/USD pair has continued trading downwards, corrective wave b (coloured blue) of ht bigger wave (a) (coloured red) has been developing. Since Monday’s Asian session until now, we have been able to observe strong descending movements from 0.8958 towards 0.8880, that is taking corrective structure and we are can consider this […]
EUR/USD: There is a Bearish Confirmation Pattern in the EUR/USD chart – the EMA 11 is below the EMA 56. Meanwhile, the position of the Williams’ % Range shows that while there may be a rally when momentum returns into the market, it would be transitory, for the trend is weak. The support line of […]
USD/CAD Elliott Wave For the last few days, the USD/CAD pair has been trading slightly upwards, corrective wave (c) (coloured red) of the bigger wave (y) (coloured green) has been developing. In the hourly chart above, we can observe that the downward move from 1.0736 towards 1.0580 was corrective and we can consider this move as the end […]
Daily chart: The GBP/USD continues to find support on the level of 1.6326. This pair has remained below the resistance level of 1.6447 and that level prevented this pair continue to progress with the current bullish trend. However, we note that GBP/USD has formed some fractals near that level, which indicates the great strength that […]
Daily chart: The USDX remains below the resistance level of 80.62. Note that the USDX formed a fractal above that level, which could be an indication that the USDX wants to continue the overall bearish trend. If the USDX makes a bearish rebound at current levels, would be expected to fall to the level of […]
Tight sideways range. Overview: The GBP/USD pair was not stable and the trend was not also so clear (it was tight sideways range); moreover, according to the previous events, the price has still been trapped between the level of 1.6450 and 1.6220, so be careful in this area. Therefore, it should wait for a […]
Tools of chart: Pair: EUR/USD. It should be noted that the market was stable because of the holidays. The trend was not so clear (sideways). Range was: 62 pips (downward). The value of 50% Fibonacci retracement levels is: (High + Low) / 2 = 1.3717. (The key level to confirm the bullish market). Volatility […]
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:Forex forecast 04/23/2024: EUR/USD, GBP/USD, Oil, SP500 and… April 23, 2024 We introduce you to the daily updated section of Forex…What do the smaller US surveys say about the US economy? […]
EUR/USD: EUR/USD has been able to maintain its bearish bias, though the volatility in the market is currently low. It is expected that the pair would go towards the support line of 1.3650 again when some strong movement occurs. On a longer term basis, the price would overcome the aforementioned support line and overcome it to […]
Daily сhart The USD/CHF pair probably completed its retracement move, according to Fibonacci levels, or probably moved from 38.2 until 23.6 support paring the losses of the previous day and it is possible that the next target is placed in the area of Fibonacci 50.0 which also coincides with the neutral line 4/8 (blue line) […]
Overview: Since our last analysis, Gold has been trading upwards, the price tested the level of 1,202.00 on average volume. According to the 1H chart, Gold has started bullish corrective phase, so we placed Fibonacci expansion to find the levels for potential end of the bullish corrective phase. We got FE 61.8 % at 1,205.22, […]
On October 23, the GBP/USD pair broke initially the 1.6200 level hitting the area of 1.6250. However, most of the bullish gains were lost when the pair established a Double Top reversal pattern around 1.6200-1.6250. Failure to break down the 1.5900 level was observed weeks ago. Instead, a bullish rejection led to another bullish swing […]
Overview: Since our last analysis, the EUR/NZD pair has been trading upwards, like we expected, the price tested the level of 1.6735 on volume above the average. As you can see from the chart, we got selling climax (large volume) at price 1.6675 and after that we saw volume leveling off, which is a good […]
The most prominent support zone was located around 1.0250. On September 19, the pair expressed a false breakdown reaching 1.0180 where an obvious bullish rejection was expressed to get the pair back above 1.0250 again resulting in a bullish Hammer weekly candlestick. As expected, the bullish momentum was expressed at retesting of the lower limit […]
Strong bullish sentiment was found at the support area around 1.4830, which pushed the pair to 1.5700, the level where two prominent tops were established, until the bulls initiated another bullish impulse towards 1.6200 where other two prominent tops were established. It is worthy of note, that the market initially expressed a bearish rejection around […]
The price zone of 1.3400-1.3460 represented a valuable supply zone that kept the price below for few months. However, a significant bullish support was present around 1.3100 leading to a bullish breakout pattern. Readings of the European Statistical Office disclosed three weeks ago, the European inflation was at 1.1% in September, in line with preliminary […]
Markets were generally upbeat on Christmas Eve day though thin volumes kept moves small. European equity markets followed the risk-on Asian sentiment following a 6-year high in the Nikkei. The main driver of sentiment came from Wall Street overnight on the back of upbeat US data. Currency markets were quiet although the main theme was […]
Technical outlook and chart setups: 1. Gold will remain subdued until prices stay below $1,250.00. It is recommended to remain short and sell within intraday rallies towards $1.210.00/20.00. 2. The resistance line remains intact as seen here and lower prices towards $1,150.00 is expected, or even further. Resistance begins from $1,210.00, and spread through $1,230.00, […]
Today’s Support and Resistance levels: R3: 1.6869 R2: 1.6808 R1: 1.6739 Current Spot: 1.6692 S1: 1.6672 S2: 1.6630 S3: 1.6597 Technical summary: Nothing much is going on with this currency pair right now. We are still looking for a rally higher towards 1.6869 to end the leading diagonal. Once finished we should look for a […]
Technical outlook and chart setups: 1. The 4H chart depicts here clear indications that the trading range between 141.00 and 142.00 continues for now. As seen here, a bearish evening star signal has just appeared around the 142.80 level. 2. It is recommended to remain short for now, risk remains just above 143.00. Resistance is […]
Nothing much has changed from yesterday in our gold analysis. Volatility is naturally low so prices are lingering around 1б200. The trend in all time frames is downward. Short-term support is found at 1,180 and short-term resistance is found at 1,220. As long as prices trade below the red downward sloping trendlines, we expect prices […]
Technical outlook and chart setups: 1. In the daily chart, it is depicted that as expected the GBP/CHF pair has reversed from 1.4700/50. Please note that price 1.4720/30 is also the fibonacci 0.618 retracement of the downswing from 1.4950 to 1.4400 respectively. 2. It is recommended to remain short from the 1.4700/50 levels, and risk […]
General overview for 24/12/2013 10:20 CET The corrective wave development labeled as green abc Irregular Flat wave 2 cycle has been finished and current outlook for this pair is bullish. To follow this assumption, the price must break out from the Intraday Range zone between the 1.0598 level and the 1.0632 level, and the preffered […]
General overview for 24/12/2013 10:00 CET The impulsive wave development indicated yesterday has been invalidated and currently the wave outlook prefers the count of more complex and time consuming corrective cycle in wave (ii) black. The overall corrective cycle range of 140.91 – 142.89 is still being maintained, but current wave progression indicates a possible […]
The Dollar index has back tested the broken downward sloping channel. Now it is preparing for another strong upward move that could bring prices to 81. We are bullish biased expecting the upward move to be strong. Short term resistance is found at 80.75. Short term support is found at 80.30. The index is now […]
Today’s Support and Resistance levels: R3: 143.24 R2: 142.89 R1: 142.74 Current Spot: 142.60 S1: 142.42 S2: 142.14 S3: 141.86 – Important support – Break below indicates a top being in place. Technical summary: As resistance at 142.49 was broken we knew, that a new high above 142.89 is needed to finish this rally. Short […]
EURJPY has been in an uptrend since November 8, hitting a 5-year high of 142.88 on December 18. On the daily chart, the 10-day moving average has crossed above the 20-day moving average which is a bullish signal and a good indication that the longer-term trend is intact. EURJPY has approached key resistance at its […]
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: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 […]
