Overview: GBP/JPY is trading in higher range. The rate is supported by positive investor risk appetite, soft yen sentiment, demand from Japan importers. But GBP/JPY gains are tempered by Japan exporter sales. Daily chart is positive-biased as MACD and stochastics are bullish; five-day moving average is above 15-day MA and advancing. Trading recommendations: The pair […]
Overview: USD/CHF is trading in lower range. The rate is undermined by soft dollar sentiment; franc demand on rising CHF/JPY cross. But USD/CHF downside is limited by franc sales on buoyant EUR/CHF cross. Daily chart is mixed as MACD is bullish, but stochastics is falling from overbought. Trading recommendation: The pair is trading below its […]
Weekly chart Crude Oil closed its sixth consecutive week down, its longest streak of weekly declines in 15 years, as traders continued to worry about the big screening of crude supplies in the U.S. and the prospects for energy demand. And this new week starting seems that the outlook is not very different, as we […]
Overview: Since our last analysis, Gold has been trading sideways, around the price of 1,283.00; we are still waiting for further bearish continuation. In the daily chart, we can observe no demand bar on volume below the average, which means that Gold may start bearish continuation. We are still likely to see it testing the […]
Overview: Since our last analysis, the EUR/NZD pair has been trading sideways, around the price of 1.6130. We are still waiting for the testing of the level of 1.6700. Since our major Fibonacci expansion 61.8% held, we may expect re-building of bullish strength. As you can see in the chart, we also got decreasing in […]
The euro managed to post moderate gains against the dollar during the European session, rising 0.13% to trade at 1.3509. The euro also climbed against the Japanese yen, rising by 0.21% to trade at 135.19. Currencies that can be described as safe havens such as the yen, found themselves under pressure as the MSCI Wold […]
The Dollar index did not manage to break above 81.30 and 81.50 and continued its negative slope corrective pattern making lower lows and lower highs in the short term. Prices remain inside a short-term downward sloping trend channel, and unless prices break above it, the downward correction could continue towards 80.50. Prices are being supported […]
It will be a relatively quiet week in terms of economic releases, with the focus mostly turning to what various central bankers have to say and minutes from monetary policy meetings. At the start of the week on Monday, the National Association of Home Builders index for November will be released in the United States […]
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, […]
As we have assumed in Friday’s review, there was a consolidation for the euro and the British pound. However, there was pressure not to the downside, as we have expected, but to the upside. Meanwhile, stock market grew (S&P500 +0.42%) amid negative US macroeconomic data. Empire State Manufacturing Index in November was -2.2 vs. expectations […]
China reform blueprints boost Aussie Morning Report: 08.45 London • This morning, the Australian dollar is the early mover after a positive reaction to China’s reform blueprint. The NZD/USD has caught the best wind here, up 0.53%. • It’s not a universally positive start to the day though as stock markets trade lower slightly and […]
(click to enlarge) The S&P 500 is the most widely followed stock market index in the world as it tracks the performance of the US stock market. Therefore, it is an important indicator of investors’ risk appetite in the world’s most important market, which can have a major effect on a big variety of assets […]
USD/CAD Elliott Wave Last week, the USD/CAD pair was trading slightly downwards, corrective wave .iv (coloured black) of the bigger wave c (coloured blue) was developing. During the Friday’s Asian session, we could observe ascending movements from 1.0460 towards the 1.0483 level and we can consider this move as the end of the second swing of the .iv […]
AUD/USD Elliott Wave Since our last analyses, the AUDUSD pair has continued trading upwards, impulsive wave iii (coloured blue) of the bigger wave [a] (coloured black) has been developing. During Friday’s European session, we could observe descending movements from 0.9350 towards the 0.9309 level. Therefore, during the early New York session this major currency did not manage to hold this levels […]
General overview for 18/11/2013 08:30 CET The downside wave progression fits the overall bigger picture of a missing wave to the downside. That wave is a wave Y brown of higher degree cycle wave B green. When it is done, the upward trend will recume to complete another cycle of a higher degre. Nevertheless, intraday […]
Gold continues to hit the 1,290 resistance from below, but it is unable to break above. Although prices have moved outside of the downward sloping red trend line; there is no break above the 1,290 resistance level. At the same time, prices manage to stay above the 1,270 support and are reaching closer to the […]
General overview for 18/11/2013 08:00 CET H4 time frame: The SUPPLY zone at 135.30-135.49 has been hit and the price reversed slightly down to old 61%Fibo Exp that is acting as a dynamic support now. The TARGET level of one-to-one geomety has not been hit yet (136.01) but I still expect the price to overtake […]
The dollar slipped versus the yen but managed to keep above 100 yen level at 100.01. The dollar lost 0.25%. The Bank of Japan will meet on Wednesday and Thursday, with Governor Kuroda giving a press conference late in the Asian session on Thursday. No change is expected in the nation’s extra-loose monetary policy. The […]
EURUSD: There is not yet a clear signal in EURUSD, but it is much more likely that the price is poised for a renewed upward movement. When the condition for a bullish signal is met, you would see the price trading above the EMA 56; and the EMA 11 has also crossed the EMA 56 […]
Overview Based on the H4 chart above, silver is still stabilizing between the Support at 20.50 and the Resistance level of 21.00 after its failure to break the Support level of 20.50 last week. If silver continues its bearish trend and manages to break the Support level, it will produce a strong indicator […]
Overview Today’s H4 chart shows that the pair opened this week above the Resistance level of 161.40 as shown. Currently, it is trading above it to continue its bullish trend. Given that the pair continues its bullish movement and closes 4H above the Resistance level after the closing of the current H4 candle, it […]
Today in Japan there is no any news to be released, but during the US session, some news such as the US – TIC Long-Term Purchases and the US – NAHB Housing Market Index will be released. As today not much significant news is coming, probably USD/JPY will move with slow to moderate pace. TODAY’s TECHNICAL […]
Today some data is due to release in the eurozone. In particular, it is Current Account, Trade Balance, which are set to be announced a few hours after the London market open. Within the US session, the US – TIC Long-Term Purchases, the US – NAHB Housing Market Index are on tap. As today’s news is not […]
Daily chart Starting a new week, USD/CHF, after closing Friday below the line 3/8, is currently trading well below this level. During the last three days, the pair has traded at this line without a clear direction. It is likely that this new week will show a clearer picture. From our point of view, the […]
European markets have opened lower today, as traders booked profit following six consecutive weeks of gains. Investors also look ahead to several Fed officials speeches, due today, and the US Federal Reserve October policy meeting minutes, due this week, to get additional clues on the market movement. Closer home, UK property tracking firm, Rightmove, reported […]
Daily chart: The USDX is conducting a corrective movement. However, this pair has made a bearish rebound on the 200 day moving average, so we must be careful with the USDX, because this could return to the bearish trend in the coming days. On the other hand, if the USDX manages to break the resistance […]
Daily chart: This pair is trying to break the resistance level at 1.6146, after it has made a strong bullish move above the support level at 1.6046. However, it is very likely that this pair conduct a bearish rebound and fall back to the support at the 1.6046 level, because the trend has been very […]
Strong bullish sentiment was found at the support zone around 1.4830, which pushed the pair to the upside reaching 1.5400, then 1.5700, where two prominent tops were established. Bullish pressure was applied off 1.5430-1.5400 which managed to break through 1.5720, thus matching the August highest level and the recently established top. The market expressed obvious closure […]
Overview From the today’s H4 chart, yesterday the metal failed to break the Support level 20.50 to bounce again from it and trade between this Support level and the Resistance level 21.00. Currently the metal is approaching the Resistance level 21.00 again, therefore we should wait for closing above to continue its upward trend […]
The previous bullish swing targeted 100% Fibonacci Expansion level. However, the bullish swing was strong enough to bypass this level, when the pair stepped above 1.6035 recording a daily high at 1.6262, which is 70 pips higher than 127.2% Fibonacci Expansion level. However, most of the bullish gains were lost resulting in an Inverted Hammer […]
