Daily chart: The USDX fell through the support level of 80.62 and made a slight bullish rebound there. For now, it is likely that the USDX starts to forming a higher low pattern to continue falling below the 200-day moving average. If the USDX achieves in breaking the support at the 80.62 level, it would […]
Daily chart: GBPUSD had no significant changes during the yesterday’s session, and it is still trying to break the resistance level at 1.6146. If the pair manages to break that level, it is expected to rise to the level of 1.6235, which would strengthen the bullish trend. On the other hand, if this pair makes […]
Today, no news from Japan is set to be released. At the US session, only one peice of news will be released. It is the US Employment Cost Index q/q and this news does not give significant impact. TODAY’s TECHNCIAL LEVELS: Resistance. 3 : 100.17. Resistance. 2 : 99.97. Resistance. 1 : 99.78. Support. 1 […]
European markets have opened lower today, in line with overnight losses in the US and today’s mixed performance in the Asian markets, as investors mulled over billionaire activist investor Carl Icahn’s downbeat comment regarding recent surge in the US equity market. Further, disappointing Chinese FDI data also dampened market sentiment. With no major domestic economic […]
Weekly technical levels: pivot point: R3 and S3 are considered to be clear indicators of the maximum range of extreme volatility, though it is possible to pass them through. Pivot lines work well in the sideways markets, as the prices are most likely to be situated between the R1 and S1 lines. Within a strong trend, […]
Weekly technical levels: Intraday trading recommendations: EUR/USD: According to the previous events, the price has still been trapped between 1.3540 and 1.3460. The level of 1.3550 will indicate strong resistance; moreover, the price will form a double top at this level. Therefore, it will be wise to sell at 1.3450 with the first target […]
The US dollar traded little changed against the euro, as the single currency shed 0.07% to trade at 1.3499 – just under 1.35, a level which proved a focal point for today’s trading in the pair. The pound gave up a little ground versus the US dollar, dropping 0.06% to 1.6094. In Fed speeches, William […]
Four months ago, a prominent bottom was established around 1.0260. This happened after the pair found strong bearish pressure around 1.0555-1.0600, this was followed by intensive bearish momentum that led to 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 […]
The price zone of 1.3560-1.3600 represented a valuable supply zone that kept the price below for almost two months. However, lack of bearish follow-up was witnessed around 1.3480. Instead, a significant bullish rejection was expressed leading to a Flag continuation pattern. According to the final readings of the European Statistical Office one week ago, the […]
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 […]
Overview: USD/JPY is consolidating after hitting two-month high of 100.43 on Friday. The rate is supported by yen-funded carry trades amid positive risk sentiment (VIX fear gauge eased 1.46% to 12.19; S&P rose 0.42% Friday to record-high close of 1,798.18) on prospects for continued central-bank stimulus efforts as comments from Janet Yellen, President Obama’s nominee […]
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 […]
Overview: NZD/USD is trading in higher range. The rate is supported by soft dollar sentiment; Kiwi demand on buoyant NZD/JPY cross amid positive investor risk appetite and weak yen sentiment; Kiwi demand on soft AUD/NZD cross. Daily chart is positive-biased as is stochastics bullish, five-day moving average is rising above 15-day MA. Trading recommendations: The […]
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 […]
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 […]
