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 19, 2024 April 19, 2024 Potential for the further drop on NAS100The material has been…Weekly Forex Outlook: 14/04/2024 – US GDP and BoJ decision… April 19, […]
(click to enlarge) As a result of Bank of Japan’s turbo-charged monetary stimulus and positive risk sentiment, the US dollar rallied strongly versus the yen during the first half of 2013. Since late May however, the dollar has been in a consolidation pattern, unable to break the May high just below the 104 level, which […]
Technical outlook and chart setups: The metal is trading between 19.00 and 19.80 levels for now. It shall face stiff resistance at 20.30/50 levels, and would need to clear that for any further upside. It is recommended to remain flat for now and await […]
USD/CAD Elliott Wave Since our last analysis the USD/CAD pair has been trading downwards, so we need to look for a possibility now that b wave (coloured red) is already complete cycle. Yesterday, during the European session we could observe ascending movement from 1.0651 towards the 1.0699 level and we can consider this move as the end of the corrective wave […]
AUD/USD Elliott Wave Since our last analysis the AUD/USD pair has been trading slightly upwards, corrective wave .iv (coloured black) of the bigger wave c (coloured blue) has been developing. Yesterday, during the Asian and European session we could observe ascending movement from 0.9003 towards the 0.9055 level. Therefore, during the New York session this major currency has continued trading in […]
Technical outlook and chart setups: The metal is almost unchanged since last trading session and is confined between 1,220/40 levels. It is still recommended to remain flat for now and watch for further clarification. Immediate resistance is the 1,258/60 region, followed by 1,275/80, 1,325.00 […]
Morning Report: Gold makes early lift ahead of NFP Morning Report: 08.15 London • This morning, financial markets have a slight positive bias ahead of today’s Non Farm Payroll release. Stock markets are on the rise, while gold makes early gains. • Elsewhere, the yen pairs are on the rise reversing three days of […]
Technical outlook and chart setups: As seen on the 4H chart view here, the single currency pair has broke its immediate line of support earlier. At the moment, it might be retracing the fall and is expected to face resistance between the 139.70/80 area. […]
EUR/USD: Though slow and tardy, this market has managed to remain bullish for the most part of this week. The Bullish Confirmation Pattern on the chart remains valid in spite of the upswings and downswings in the market (in which the bulls dominate however). The price is currently trading above the support line of 1.3650 […]
GOLD The economic data once again raises so many speculations around the gold and USD. The positive economic data resulted in tampering would come sooner than expected. Barclay’s have forecasted a stronger than expected reading of 200 thousand increase in nonfarm payrolls. UBS has now cut its 2014 gold price forecast to $1,200. China’s demand […]
DOW – 500 points down The market is waiting for the crucial Fed’s tampering decision. Selling pressure was triggered in stocks from couple of days. Largely hit by financials and interest rate sensitive stocks. Yesterday, Q3 GDP data was printed at 3.6% seasonally adjusted annual rate. The labour market, recent rally in equities and consumer […]
Technical outlook and chart setups: The same 4H chart view has been presented here for continuation in setups. As discussed yesterday and expected, the pair has broken the trend line support and prices around 1.4640/30 levels. It is recommended to book profits on short […]
The euro backed away a little from the 5-week high achieved during the previous US session, losing 0.09% against the dollar to trade at 1.3655. 1.3677 was the high achieved. The euro was boosted by the relatively sanguine tone of ECB President Mario Draghi during the previous day’s press conference, in which he did not […]
Daily chart: Finally, the USDX managed to break the support level of 80.62, which could be a clear indication that the USDX start a strong bearish trend which could extend for a few weeks, even to the end of the year. On the other hand, USDX is expected to start forming a higher low pattern […]
Daily chart: The GBP/USD had a fall to the support level at 1.6326. Now, this pair will try to break that level and if successful, would be expected to fall to the level of 1.6235, which is not very likely, because the GBP/USD remains very strong in the bullish trend and any order against the […]
When the European market opens, there will be released some news like French Gov Budget Balance; French Trade Balance; German Factory Orders m/m, but when the US market opens, some of the most important news will be released: the US – Non-Farm Employment Change; and US – Unemployment Rate data’s. So we predict the EUR/USD will move in […]
Today’s Support and Resistance levels: R3: 1.6775 R2: 1.6721 R1: 1.6690 Current Spot: 1.6657 S1: 1.6621 S2: 1.6598 S3: 1.6580 Technical summary: After slightly deeper correction towards 1.6522, we saw a new impulsive rally above resistance at 1.6635 and it should only be a matter of time before the next impulsive rally higher towards at least […]
Today is a special day because every first Friday of each month the US will release its non-farm payrolls and unemployment rate data and as we know both releases have a great impact on the market and can cause unpredictable volatility in the market; so we predict during the Asian session the market will moving […]
Today’s Support and Resistance levels: R3: 140.69 R2: 140.02 R1: 139.61 Current Spot: 139.22 S1: 139.12 S2: 138.46 S3: 138.16 Technical summary: We did not get a resolution yesterday, as this cross traded in a narrow band between 138.46 and 139.56 all day. We are still looking for confirmation, that a major top is in […]
Overview: GBP/USD: The resistance has been already set at the level of 1.6440 (note: the double top is set at the same level), as well as support has been set at 1.6288 for December 6, 2013. Therefore, according to the previous events, the price has still been trapped between 1.6320 and 1.6370, then it […]
Daily pivot point: 1.3626. Overview: The EUR/USD pair’s support was broken and it was turned to resistance since November 1, 2013. Therefore, the pair has already formed a strong resistance at 1.3717. Moreover, after it could not close above 127.2% Fibonacci retracements levels and start signing for bearish market the price has placed below […]
European markets have opened higher today, following four successive sessions of losses, as investors look ahead to the US nonfarm payrolls data, to get additional clues on the outlook for the US Federal Reserve’s stimulus programme. Meanwhile, Halifax reported that house prices in the UK grew 1.1% MoM in November, compared to a revised rise […]
Overview As it was expected yesterday, the metal will reverse its bearish move to start its uptrend and open the way towards 19.75 in case of closing 4H above the Resistance of 19.50. Today and as shown from the today’s H4 chart, the metal already took a bullish move after it has managed to […]
Overview According to today’s H4 chart, yesterday’s closing below the resistance level of 168.60 gave the price an opportunity to make a bearish move after it has failed to break it through. As shown here, currently the price is trying to continue its bearish move and is approaching support level of 166.25. In that case, […]
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 two weeks ago. Instead, a bullish rejection led to another bullish […]
Strong bullish sentiment was found at the support zone 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 to mention, 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 […]
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 readings of the European Statistical Office disclosed three weeks ago, the European inflation was at 1.1% in September, in line with […]
Daily chart The USD/CHF scored again a new low in 0.8983 so far in today’s session, however, only to retract from these levels and allow a large wick below the lower trend channel line. In closing today above its supports one found in 0.9016 we could end up with a candlestick pattern man hung the […]
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