The euro gained against the dollar after a slew of mixed data out of the Euro zone today, while focus turns to the European Central Bank policy meeting tomorrow. Services PMI data showed activity expanded in Germany and Spain but there was contraction in France and Italy. Other data showed Eurozone retail sales numbers were […]
Overview: Since our last analysis, Gold has been trading downward movement. Just as we expected, the price tested the level of 1,211.37 on high volume, we expect more bearish continuation. In the daily chart, we can observe weka demand bar on volume below the average and rejection of the previous swing low at 1,252.00, which […]
FOREX Daily Outlook by Easy-Forex.com The EU Morning Report – Aussies keep rates unchanged at 2.5% – 03 December 2013 Written by the easy-forex team Currencies The euro (EUR) has plummeted over the past few days against the dollar, touching 1.3525 from 1.3619 on Friday. The euro may be tested this morning as Spanish unemployment […]
GDP data released today showed Australia’s economy expanded at a slower pace than expected in the third quarter suggesting that the natural resources-rich country is facing some headwinds. Contributing factors that affect the growth picture in Australia have been in part due to a slowdown in China, which is Australia’s biggest trading partner, while the […]
Overview: Since our last analysis, the EUR/NZD pair has been trading upward, just as we expected, the price rejected from the level of 1.6480 (FR 38.2 %) and tested level 1.6591 on volume above the average. Potential levels for the end of the bearish correcrtive phase are 1.6480, 1.6427, 1.6351, 1.6270. Since our FR 38.2 […]
Trading recommendations: NZD/USD: (long term) According to the previous events, the price has still been trapped between 0.8200 and 0.8150. Long buying: Buy above 0.8066 with the first target at 0.8185, it might resume to 0.8290. (long term) Short selling: Outlook -1-: Swing trade at 0.8300 in order to sell with a traget of […]
Overview: The EUR/USD’s support was broken and turned to resistance on the 1st of November 2013, thus the pair has already formed strong resistance at 1.3644. Moreover, after it could not close above it and started indicating a bearish market, the price has been placed below 127.2% Fibonacci within two weeks in the 4H […]
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 04/18/2024: EUR/USD, USD/JPY, Oil and Bitcoin… April 18, 2024 We introduce you to the daily updated section of Forex…Video market update for April 18, 2024 April 18, 2024 Potential […]
Gold has extended its 3rd wave down from 1,360$ and therefore there is more downside to be expected. Short term support is found at 1,200-1,190. Short term resistance is found at 1,240-50. We believe that the downward move from 1,360 is not over and we should expect wave 4 and 5 to unfold. Wave 4 […]
Nothing much has changed in the Dollar index. Price action remains sideways. Prices did not manage to reach 81 yesterday and pulled back towards support at 80.50. The longer term trend remains neutral. The decline from 81.50 is corrective and not impulsive and that is why we wait to receive a valid reversal signal to […]
Sentiment in the EURUSD pair is generally bullish as the pair remains above its uptrend line and its 100-day moving average on the daily chart – around 1.3580. However, the recent upside momentum has stalled as indicated by the RSI which has paused at the 50 level and MACD is below zero. The pair has […]
Technical outlook and chart setups: The metal is following a down channel line, after breaking high off the 18.00 levels earlier. Immediate resistance is at 20.00/50, followed by 23.00 and 25.00 levels on the daily chart view depicted here; while supports is fixed at […]
Technical outlook and chart setups: The single currency pair has finally reacted on the 139/140 area as we were expecting it to do so. Please note that a spinning top candlestick was formed yesterday hinting that the next move could be lower from here […]
General overview for 04/12/2013 09:20 CET The round number of 140.00 has been hit yesterday as anticipated and price reversed intraday to hit the grey rectangle zone but it never closed above the zone. The Daily candle looks like a Shooting Star now and this might be the first indication that the trend might start […]
Technical outlook and chart setups: The single currency pair has reversed from 1.4900 levels as it was expected. It is recommended to stick to short positions taken yesterday and also look to sell intraday rallies. The immediate and major resistance is at 1.5000 levels; […]
USD/CAD Elliott Wave Since our last analysis, the USD/CAD pair has been trading upwards, just like we expected, impulsive wave .v (coloured black) of the bigger wave (c) (coloured blue) has been developing. Yesterday, during the Asian session we could observe descending movement from 10.648 towards the 1.0629 level and we can consider this move […]
General overview for 04/12/2013 08:40 CET Last stages of impulsive wave progression that is lacking a momentum and most of the waves are overlaping itself is very characteristic for Ending Diagonal termination patter. The Bearish Divergence is visible on H1 and H4 chars and that supports the main bearish view as well. Nevertheless, there is […]
AUD/USD Elliott Wave For the last few days the AUD/USD pair has been trading sideways, corrective wave b (coloured blue) of the bigger wave b (coloured red) has been developing. Yesterday, during the Asian session we could observe descending movement from 0.9128 towards the 0.9055 level. Therefore, during the European and New York session this major pair did […]
General overview for 04/12/2013 08:40 CET Last stages of impulsive wave progression that is lacking a momentum and most of the waves are overlaping itself is very characteristic for Ending Diagonal termination pattern. The Bearish Divergence is visible on H1 and H4 chars and that supports the main bearish view as well. Nevertheless, there is […]
EUR/USD: In the context of an uptrend on this pair, one would see an upswing followed by a downswing. Here, any downswing is an opportunity to buy at a better price, i.e. when things are on sale in the context of an uptrend. Right now, the price is edging towards the resistance line of 1.3600 […]
The Australian dollar was the biggest mover in the Asian session after it reacted negatively to GDP data that indicated the Australian economy expanded less than forecast in the third quarter. GDP grew 0.6% which was short of forecasts for 0.8%. The Aussie tumbled to a 3-month low against the US dollar and ended the […]
The pair rallied towards north from 97 to 103.40. The Bank of Japan helped to push yen 6 month’s low. Better than expected US economic data increased expectations of a near term tampering of the Fed’s purchasing program. The Japanese PM proceed with his April sales tax raise form 5% to 8% and a $51 […]
Gold trading at $1,224 marginal up in Asia’s trading session. In yesterday’s trade it made 5 month’s low at $1,214.7. Tomorrow is a big day for gold, non-farm payroll data will be unveiled, which is the key data for the Fed’s decision. If the data printed healthy then the gold will further decline, currently it […]
We predict the USD/JPY today will move in low volatility in the Asian session market but during the US session this pair will move in moderate volatility, because there is no news from Japan today, but during the US session there will be release of some news like US-ADP Non-Farm Employment Change, US-Trade Balance, US-ISM Non-Manufacturing […]
Daily chart The USD / CHF scored again a fresh and this time even below the line 2/8 0.9020 reaching the minimum contribution for Saturday 3 December. In fact after this bearish session came what seemed less likely and as a result there was a widening of its uptrend channel time reaching its bottom line […]
Today’s Support and Resistance Levels: R3: 139.83 R2: 139.62 R1: 139.54 Current Spot: 139.36 S1: 139.18 S2: 138.93 S1: 138.69 Technical Summary: After some small stabs above the ideal target at 139.89 with a high at 140.02, we saw the expected decline and we also saw a short term break below important support at 138.97, […]
When the European market open, there will be release of some news from Euro Zone like Revised GDP q/q, Retail Sales m/m, Final Services PMI, Italian Services PMI, Spanish Services PMI; and after the US market opens, there will be release of some news too like US-ADP Non-Farm Employment Change, US-Trade Balance, US-ISM Non-Manufacturing PMI, US-New Home […]
Today’s Support and Resistance Levels: R3: 1.6658 R2: 1.6636 R1: 1.6607 Current Spot: 1.6577 S1: 1.6560 S2: 1.6540 S3: 1.6520 Technical Summary: After a quick decline to just below the ideal target at 1.6446 (the low came in at 1.6443, just 3 small pips below the ideal target) we have seen an impulsive rally. This […]
Daily chart: The USDX made a bearish rebound near the 80.90 level. However, USDX remains within the range between the levels of 81.50 and 80.62, so that the trend is not yet defined in the USDX. If the USDX manages to break the support level of 80.62 , it’s expected to fall to the level […]
Daily chart: The GBP/USD is forming a bullish pattern below the resistance at 1.6447 level, but it seems that this pair will begin a phase of corrective movements. If the pair manages to break that level, it is expected to rise to the level of 1.6540, which would be something forceful to consolidate the bullish […]
