Daily chart: The USDX is consolidating below resistance at the 80.11 level, so it is very likely to start forming a bearish pattern to continue the medium term fall to the level of 79.19. However, still we do not see fractals below this level, indicating that the USDX will continue to fall for a few […]
Daily chart: This pair found resistance at the 1.6447 level, and now it is very likely that this fall will extend to the support level of 1.6326. If the pair manages to break that level, it would be expected to fall to the level of 1.6235. On the other hand, remember that this could be […]
The price zone of 1.3400-1.3460 represented a valuable supply zone that kept the price below for months. However, a significant bullish support was present around 1.3100 leading to a bullish breakout pattern. According to the readings of the European Statistical Office disclosed three weeks ago, the European inflation was at 1.1% in September, in line […]
Daily chart The crude oil market remained in the uptrend during the Tuesday’s session and now crude oil is above the pivot point and will likely continue rising as it closed the previous session on an upbeat note. Therefore, its next target should be placed at $100 since the line 4/8 (blue line) is the same as the major […]
Strong bullish sentiment was found at the support area around 1.4830, which pushed the pair to hit 1.5700, where two prominent tops were established untill 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 1.6200 […]
Five months ago, a prominent bottom was established around 1.0260. This happened after the intensive bearish momentum that led to the monthly low at 1.0254. An important key level was located around 1.0505. This was the key level for the previous weeks movement as the re-closure below it enabled the pair to break down 1.0455 […]
Overview From the today’s H4 chart, silver is still stabilizing above the Support level 20.20 and could not break it and currently is bouncing from it towards the Resistance level 20.50. So we still suggest waiting for closing above the Resistance level in case of bouncing from the Support level 20.20 to give us […]
Overview It was expected yesterday that the price would continue its bearish move in case of breaking the support level 168.60 and closing below it. Today and as shown on the H4 chart, the pair has already broken this support area and currently is trading below to continue its bearish trend.Therefore, we suggest more bearish […]
Overview: USD/JPY is to trade in lower range after hitting six-month high 103.40 Tuesday. Undermined by negative USD sentiment (ICE spot dollar index last 80.00 versus 80.15 early Tuesday) on lower U.S. Treasury yields as market participants grew comfortable with the idea that the Federal Reserve will soon begin to scale back its $85-billion-a-month bond-buying […]
Daily chart The USD/CHF yesterday continued making new lows trading below its bottom line of the trend channel; however, it is to find support on the line eighth (yellow line) the same as though it is considered a weak line support but since prices have been falling for more than 6 consecutive days, there is […]
Overview: Since our last analysis, Gold has been trading upwards, the price tested the level of 1,267.68 on high volume, we are still waiting for further downward movement. In the daily chart, we can observe demand bar on volume above the average. We are still likely to see it testing the weekly FE level of […]
Overview: Since our last analysis, the EUR/NZD pair has been trading upwards, as we expected, the price tested level of 1.6677 on volume above the average. 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 […]
Both the euro and the dollar lost ground against the Japanese yen during today’s European trading, as traders decided to book profits from some of the most profitable trades of 2013. The dollar fell 0.14% to trade at 102.58 as news of a budget deal in the United States were received in a positive manner […]
(click to enlarge) Although the pound managed to make fresh 2-year highs during Tuesday’s (10 December) trading against the dollar, this momentum was not sustained and the pound fell back. 1.6464 was the highest level for the pair going back to August 2011. The pound’s move was overextended as can be seen by the very […]
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 08, 2024 April 8, 2024 Potential for the breakout on the USD/JPY…. The material has…Market Comment – Stocks climb after sizzling US jobs report April 8, […]
FOREX Daily Outlook by Easy-Forex.com The EU Morning Report – Sterling trades near its two year high – 10 December 2013 Written by the easy-forex team Currencies The euro (EUR) advanced even higher during yesterday’s session and touched its monthly high at 1.3767 against the US dollar (USD). The single currency is now trading around […]
Markets step off the gas Morning Report: 08.15 London • Markets have slowed down their appetite for risk taking this morning, with traders more keen to book profits than explore new angles. The S&P 500 is dropping off, while the dollar index continues its down trend. • The yen pairs are seeing the biggest movement, […]
Today’s Support and Resistance levels: R3: 167.50 R2: 167.16 R1: 166.61 Current Spot: 1.6626 S1: 1.6584 S2: 1.6550 S3: 1.6516 Technical summary: We are still looking for green wave iii to push over resistance at 1.6750 confirming that a new powerful rally towards at least 1.7239 is developing. As long as resistance at 1.6750 stays […]
Today’s Support and Resistance levels: R3: 142.82 R2: 142.17 R1: 141.69 Current Spot: 141.36 S1: 140.99 S2: 140.40 S3: 139.96 Technical summary: Ideally we will see support at 140.99 protecting the downside for a break above 141.69, confirming that the final rally higher towards 142.80 and possibly even higher towards 144.00 if the final wave […]
USD/CAD Elliott Wave For the last few days the USD/CAD pair has been trading downwards, impulsive wave .iii (coloured blue) of the bigger wave i (coloured blue) has been developing. Yesterday, during the Asian and European sessions, we could observe descending movements from 1.0644 towards the 1.0610 level. Therefore, during the New York session this commodity pair continued trading downwards and […]
AUD/USD Elliott Wave Since our last analysis the AUD/USD pair has been trading upwards, just like we expected, impulsive wave .iii (coloured black) of the bigger wave i (coloured blue) has been developing. Yesterday, during the Asian session we could observe descending movements from 0.9116 towards the 0.9080 level. Therefore, during the European and New York sessions this major […]
Overview: GBP/JPY is trading in a lower range. It is undermined by negative risk sentiment; Japan exporter sales. But GBP/JPY losses are tempered by demand from Japan importers. Daily chart is still positive-biased as MACD is bullish, stochastics stays elevated at overbought; the 5- and 15-day moving averages are advancing. Trading recommendation: The pair is […]
Overvie: NZD/USD is consolidating with bullish bias after hitting a three-week high of 0.8334 Tuesday as markets await RBNZ official cash rate announcement: RBNZ is expected to stay pat at 2.5%. NZD/USD is supported by negative USD sentiment; buoyant commodity prices. But NZD/USD gains are tempered by Kiwi sales in rebounding AUD/NZD cross; Kiwi sales […]
Overview: USD/CHF is consolidating with bearish bias after hitting a two-year low of 0.8848 Tuesday. It is undermined by negative USD sentiment; flows to haven CHF amid increased risk aversion; franc demand in soft EUR/CHF cross. Daily chart is negative-biased as MACD is bearish, stochastics stays suppressed in the oversold area; the 5- and […]
EURUSD: On this pair, the bias is predominantly bullish as confirmed by the position of the indicators and the price action. There is currently a minor pullback in the market, but when the price does resume its movement, it would be to the upside, the price would probably reach the resistance line of 1.3800. USDCHF: […]
Overview: GBP/USD is consolidating with bullish bias after hitting a two-year high of 1.6465 Tuesday. It is supported by negative USD sentiment; NIESR U.K. November monthly GDP estimate of +0.8%; expectations that the Bank of England may have to raise interest rates sooner than previously expected. But sterling sentiment is dented by lower-than-expected U.K. October […]
General overview for 11/12/2013 07:30 CET Both yesterday’s targets was hit and the market is giving us some first indications of a possible top in place. The first wave down has been done and now corrective cycle wave (ii) is developing. The first two waves a and b look to be done and there is […]
General overview for 11/12/2013 07:50 CET Supply Breakthrough Zone has been violated and the price had found support at Technical Support level of 1.06010. The count still does not look much impulsive in any direction and I do not rule out the upside impulsive wave progression to finish wave (5) purple here, BUT I have […]
Overview: EUR/JPY is trading in a lower range after hitting a five-year high of 142.19 Tuesday. It is undermined by negative risk sentiment; Japan exporter sales. But EUR/JPY losses are tempered by demand from Japan importers. Technical Comment: Daily chart is still positive-biased as MACD is bullish, stochastics stays elevated at overbought; the 5- & […]
Overview:: USD/CAD is trading in lower range. It is undermined by negative USD sentiment; firmer commodity and oil prices (Nymex crude settled $1.17 higher Tuesday at $98.51/bbl). But USD/CAD losses are tempered by loonie sales in soft CAD/JPY cross amid increased investor risk aversion. Technical comment: Daily chart is negative-biased as stochastics is falling from […]
