Overview: Since our last analysis, Gold has been trading downward sideways movement, the price tested the level of 1.251.39 on ultra high volume (buying climax). In the daily chart, we can observe panic demand bar on ultra high volume and rejection of the previous swing low at 1,252.00, which means that gold may continue bearish […]
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 […]
Daily chart After rising last Tuesday, Crude Oil is maintained with short strokes and above its line of 3/8 the next two days. Oil prices closed at 97.32 yesterday and now is at 97.60 with which we can see has traveled just under 30 pips although this represents a price above the previous peak reached […]
Overview: Since our last analysis, the EUR/NZD pair has been trading sideways, around 1.6570, the price rejected 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 % held, the […]
The euro dropped a significant 0.30% against the US dollar (41 pips) during today’s European trading, to trade at 1.3584. The move more than reversed the euro’s gains during the Asian session earlier and drove the single currency back below 1.36. In economic statistics, French unemployment during the third quarter climbed to its highest since […]
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 04/16/2024: EUR/USD, USDX, Gold and SP500… April 16, 2024 We introduce you to the daily updated section of Forex…What’s next for markets amid Israel-Iran tensions? – Special… April 16, […]
Technical outlook and chart setups: The metal has produced a morning star, just shy of sub 18.00 levels. We still need a break of immediate resistance at 20.30/40 levels to confirm a short term reversal from here on. It is therefore recommended to remain […]
Technical outlook and chart setups: The metal has produced a morning star candlestick pattern just ahead of the 1,210.00 support as seen on chart here. We need a rally that pushes through at least 1,258.00 levels to confirm, that the short term recovery might […]
Technical outlook and chart setups: A 4H chart view has been presented here to have a short-term perspective view. As seen, the currency pair is testing the support line for now around 1.4750 levels. A bullish reversal here would bring back prices to at […]
Technical outlook and chart setups: A major resistance or target has been achieved by the pair at 140.00 levels recently. Minimum implications from here should be a retracement, at least towards 134.00 levels, before the uptrend resumes towards 142.00 levels. Keeping this in mind, […]
(click to enlarge) The euro dropped back after crossing above the 140 yen level, which was a fresh 5-year high for the pair. The euro last traded at these levels during October 2008, the month after the collapse of Lehman Brothers. The rapid advance to the 140 level was followed by some profit-taking and a […]
Gold prices bounced upwards as expected for the bigger degree wave 4. We noted yesterday that the wave formation was not a complete impulse down from 1,360 and so prices in order to complete 5 waves down needed to make an upward bounce for wave 4 of bigger degree and a new lower low for […]
Weakness signs from the short term view in the Dollar index continue to put pressure on bulls. As we noted last time, prices were stalling sideways. The 4 hour chart shows that support is broken and the triangle has been breached. We expect more weakness in the short term. This does not pose an immediate […]
Markets wary ahead of tomorrow’s NFP Morning Report: 08.30 London • Financial markets have a slight negative bias this morning after a volatile session yesterday. ADP Payrolls came in above estimates, but focus is firmly on the prospect of the Fed tapering its stimulus activities and of course tomorrow’s Non Farm Payrolls. • Gold is selling […]
General overview for 05/12/2013 08:50 CET H4 – Second target level indicated on the beginning of the week has been hit and price has reversed from grey rectangle area. The overall impulsive wave development so far is smoewhat muted and to confirm the top is must develop more dynamically. The break of grey rectangle area […]
USD/CAD Elliott Wave For the last few days the USD/CAD pair has been trading upwards, ending the diagonal inside the (c) wave (coloured black) has been developing. Yesterday, during the Asian and European session we could observe ascending movements from 1.0637 towards the 1.0677 level. Therefore, during the early New York session this commodity currency has continued trading in a bullish mood […]
AUD/USD Elliott Wave Since our last analysis, the AUD/USD pair has been trading downwards; just like we expected, impulsive wave .iii (coloured black) of the bigger wave C (coloured blue) has been developing. During the Wendesday’s Asian and European session, we could observe strong descending movements from 0.9139 towards the 0.8997 level and we can consider this move […]
General overview for 05/12/2013 08:30 CET The level of 140.00 capped the upside progression and now some downside movement has started but it is lacking momentum so far. The alternate count here seems to fit better than the main one due to ovelaping price action. This is why the main count is abc green as […]
The yen strengthened during today’s Asian session as traders decided to book some profits on their short yen positions while no obvious catalyst was apparent in terms of economic releases and news. The dollar lost 0.27% against the Japanese currency to trade at 102.07, backing off from the high of 103.38 achieved lately. The euro’s […]
Daily chart: This pair has had slow movements and is due to the corrective phase in which it has entered because the bullish trend has extended and strengthened for several days. However, we should be alert to any breakout in the resistance level of 1.6447 or the support level of 1.6326. However, it is expected […]
Today’s support and resistance levels: R3: 140.02 R2: 139.61 R1: 139.19 Current spot: 139.14 S1: 138.80 S2: 138.43 S3: 138.16 Technical summary: The decline from 140.02 do have some impulsiveness to it, but it is not enough to confirm that we have an important top in place at 140.02 and that a major correction in […]
EUR/USD: In spite of the stabilization in the price, followed by limited upswing and downswing within the price range of 1.3500 and 1.3650 (which are support and resistance lines respectively), the bullish bias remains valid. The indicators on the chart even support this – in a Bullish Confirmation Pattern mode. Therefore, it is possible that […]
The eurozone will release the Minimum Bid Rate and it is likely to be unchanged at 0.25%; after that the ECB press conference will take place; for the US market session important data will be US-Prelim GDP q/q; US-Unemployment Claim; US-Factory Orders m/m; & US-Natural Gas Storage; so we expect the EUR/USD will move in […]
Daily chart: The USDX remains no clear trend in the medium-long term, which is dangerous if we put some sell orders now though because the USDX remains below the 200 SMA, this is very close to this important dynamic level and above the support level of 80.62. Hence, we should expect any breakout on the […]
Today’s support and resistance levels: R3: 1.6681 R2: 1.6627 R1: 1.6592 Current spot: 1.6578 S1: 1.6535 S2: 1.6517 S3: 1.6443 Technical summary: We have seen a clear impulsive five wave rally from the 1.6443 low to 1.6635 (a little below the ideal target of 1.6658). The correction from 1.6635 could be over with the test […]
GOLD The yellow metal obeyed us and gave a good bounce thanks to the heaven bids and +ve divergence indicators. If we give an extension to the upper trend line, it will show the resistance at $1,251.4. Until it crosses and sustains above the white upper trend line, it looks towards south near supports. The […]
Today, Japan releases its 10-y Bond Auction only so the USD/JPY will move in low volatility during the Asian session but after the US market opens, there will be some news including US-Prelim GDP q/q; US-Unemployment Claims; US-Factory Orders m/m; & US-Natural Gas Storage, We predict this pair will move in low – mid volatility during […]
Overview: AUD/USD: According to the previous events, the price has still been trapped between 0.9000 and 0.9060. Therefore, the first step is to wait for a period of tight sideways market before breakouts. Then, probably, the market is going to start showing bearish signs. In other words, it will be a good sign to […]
Overview: Pair: USD/CHF. The price is probably going to form strong support at 0.8933 (below 11% of Fibonacci retracement levels in the H4 chart). It formed the last bearish wave for the last month and the level of 0.9173 acts as strong resistance. Thus, it should be noted that the level of 0.9173 […]
Dow exactly made a high at 16,174. We initiated a sell call at 16,200 for the targets 15,800 on 2nd Dec. Dow made low 15,794 and closed at 15,892. Next fall could happen only below 15,800. Thus, it will break the trend line. Now resistance comes at 15,960. Levels to watch – support 15,800. Resistance […]
