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 […]
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 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 […]
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 According to our yesterday’s expectations, more bullish signals would be expected in case of closing above the Resistance level 160.00. Today, as it is shown in the H4 chart, the pair has already managed to break the Resistance level and close 4H above it. Currently, the pair is approaching the Resistance level of 161.40 trying […]
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 […]
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 […]
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 […]
Overview : Since our last analysis, the EUR/NZD pair has been trading sideways, around the price of 1.6200. 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 high […]
Daily chart It seemed that the USD/CHF pair would continue climbing after closing yesterday’s session above 0.9155. However, during today’s session the opposite situation occurred and the price fell below that level and therefore below the line 3/8 (green line) which comes to the bottom line of its trading range. So the picture becomes bearish […]
Overview: Since our last analysis, Gold has been trading sideways, around the price of 1,288.00; we are still waiting further bearish continuation. In the daily chart, we can observe demand bar on the volume above the average, which means that Gold may start small bullish corrective phase before any downwards movements. We are still likely […]
Daily chart Crude Oil fell to a low at 92.50 during Thursday’s session but did not find enough support at this level. The price retreated again to the upside to finally close above 93.75. The previous day’s losses had come amid government data showing U.S. increased crude supplies for the eighth straight week, but still […]
Technical outlook and chart setups: The currency pair has been moving in consolidation since last several trade sessions as depicted here. The line of resistance is passing through 1.6250 levels now, while support is passing through 1.5900 levels respectively. It is recommended to initiate short positions on a rally towards 1.6200 from here on. The […]
Technical outlook and chart setups: The currency pair has broken the immediate down trend line as depicted here. Also the initial resistance levels near .9200 has been cleared by bulls. A pullback should be expected now, around 0.9030 levels now, before resuming the rally. It is strongly recommended to buy around 0.9050 levels now, with […]
Technical outlook and chart setups: The currency pair is seen breaking out of cone consolidation here. It is recommended to buy on dips towards 99.60/80 levels on the downside now. It is the backside of resistance line, which is support now hence ideal to buy between 99.60/80 levels now. Higher up resistance levels are seen […]
Technical outlook and chart setups: The currency pair is preparing to give it all on the downside. As seen here the outer line was breached earlier and prices have tested resistance at 1.35 levels as well. It is recommended to initiate 50% short positions now (1.3440) and remaining on a spike towards 1.3550-1.3600 levels. Immediate […]
The US dollar managed to make some gains – particularly against the yen – in a session with few fundamental news drivers in Europe. The dollar gained an additional 0.22% against the yen, holding above 100 yen level throughout the session and trading at 100.30 yen. The yen was hurting as a result of rising […]
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:Weekly Forex Outlook: 12/04/2024 – More inflation data on… April 12, 2024 CPI numbers due in the UK and Japan. China to also…Video market update for April 11, 2024 April 11, 2024 […]
(click to enlarge) The pound was especially strong against the yen in recent sessions, on improving risk appetite because of signs that the world’s major central banks such as the Federal Reserve, the European Central Bank and the Bank of Japan, will continue with extra-loose monetary policies in the near future. The pound broke to […]
The Dollar index continued its sideways corrective move yesterday. The trend remains upward for the intermediate term and short-term trend is neutral. Prices are trading above the support levels 80.50-81 and we remain bullish biased. The price pattern continues to favor bulls as this sideways consolidation could be labeled as a bullish flag pattern. Resistance […]
AUD/USD Elliott Wave Since our last analyses the AUDUSD pair has been trading downwards, corrective wave ii (coloured blue) of the bigger wave [a] (coloured black) has been developing. Yesterday, during the Asian and European session we could observe descending movement from 0.9385 towards the 0.9279 and we can consider this move as the end of the wave […]
USD/CAD Elliott Wave Since our last analyses the USDCAD pair has been trading upwards, so we have adjusted our primary wave count a little bit, instead of tracking the (y) wave (coloured green) as completed, we are watching for one more push higher now.Yesterday, during the Asian and European session we could observe strong ascending movement from 1.0439 towards […]
EURUSD: Throughout this week, this pair has been edging upwards, but the dominant bias is still bearish. Only a situation in which the price goes above the resistance line of 1.3500 would render the bearish bias useless. Should that happen, the price itself would be trading above the EMA 56. But now, the bias is […]
