The XM management has completed an event-packed 10 days in Indonesia. During this period, the time was taken to meet with both new and existing partners in a concentrated effort to better understand their needs, and identify ways to increase their business. XM also hosted a special event in Jakarta where partners visiting from all […]
Overview From the today’s H4 chart, yesterday the metal failed to break the Support level 22.50 to bounce again from it and trade between this Support level and below the Resistance level 22.80. Currently the metal must re-testing the Resistance level 22.80 again, therefore we should wait for closing above to continue its upward […]
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. The uptrend line around 1.5430-1.5400 applied bullish pressure on the pair which managed to break through 1.5720, thus matching the August highest level and the recently […]
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 From the shown H4 chart, the pair failed more than once to break the Support level 156.70 and is still trading above it since yesterday. From the today’s H4 chart the pair bounced from the Support area again and started to take a slightly upward move approaching the Resistance level 158.00. Currently it […]
Daily chart On Monday crude oil was bullish experienced for the third day, as traders pondered when it could restart the Fed’s monetary stimulus. Oil prices moved little amid data showing that retail sales fell in September, while wholesale prices fell slightly due to a sharp fall in the cost of food. The American […]
(Source: ThomsonReuters) Retail sales were down 0.1% versus expectations for a gain of 0.1%. However, excluding automobile sales, which were down 2.2% on the month, retail sales were up a respectable 0.4%. According to the media, the figures were boosted by sales of electronics and software, such as Apple’s new iPhone and a new release […]
Overview: USD/JPY is trading with risks skewed higher as market participants adjust positions, before the U.S. FOMC monetary policy decision Wednesday. USD/JPY is also supported by higher U.S. Treasury yields; demand from Japan importers. But USD/JPY upside is limited by Japan exporter sales; Federal Reserve’s ultra-loose monetary policy. No strong cue for yen-funded carry trades […]
Overview: USD/CHF is trading in a higher range. It is supported by positions adjustment before U.S. FOMC monetary policy decision Wednesday; the franc sales in the buoyant EUR/CHF cross. But USD/CHF gains are tempered by the Federal Reserve’s ultra-loose monetary policy. Daily chart is mixed as MACD is bearish, but stochastics turned bullish at oversold. […]
Overview: GBP/JPY is trading in a lower range. It is undermined by positions adjustment before tomorrow’s U.S. FOMC monetary policy decision; Japan exporter sales. But GBP/JPY losses are tempered by demand from Japan importers. Daily chart is mixed as MACD is bullish, but stochastics is bearish and near overbought. Trading recommendation: The pair is trading […]
Overview: NZD/USD is trading in a lower range. It is undermined by contagion from the weaker Aussie; concerns about banking system liquidity in China; positions adjustment before the U.S. FOMC monetary policy decision Wednesday. But NZD/USD downside is limited by the Kiwi demand in the retreating AUD/NZD cross; Federal Reserve’s ultra-loose monetary policy. Daily chart […]
NZD/USD: Trading recommendations: According to the previous events, the price is still between the levels of 0.8288 and 0.8377. The descending movement will probably be lower than the 0.8340 level with the first target at 0.8255 and 0.8225, then the trend will form a double bottom at the price of 0.8194 (Daily chart). Buy deals […]
Weekly technical levels: General idea about the 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 located between the R1 and S1 […]
Overview: Since our last analysis, the EUR/NZD pair has been trading upwards, the price broke the previous high at 1.6510, tested 1.6686 on high volume and started the major bullish continuation earlier that we had planed. I placed Fibonacci and I got FR 61.8% at the price of 1.6800. I also calculated volume in the […]
Overview: Since our last analysis, Gold has been trading sideways, around the level of 1,345.00 on ultra high volume (buying climax), and it may end the small bullish corrective phase as we expected. In the daily chart, we can observe lack of demand on the volume below the average, which is a sign that Gold […]
The strength in the US dollar exhibited today shows that market participants expect that the Federal Reserve will be continuing with ultra loose monetary policy and maintain its current pace of bond purchases. The FOMC begins a two-day policy meeting today and will announce its policy decision tomorrow. Many investors will be closely watching for […]
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 04/09/2024: EUR/USD, GBP/USD, Oil and Bitcoin… April 9, 2024 We introduce you to the daily updated section of Forex…Video market update for April 09, 2024 April 9, 2024 Potential […]
Yesterday, we noted how increased was the probability to see an upward bounce in the Dollar index. Short-term resistance was broken and prices are starting to make an upward bounce towards the next resistance level at 79.85-95. Short-term resistance is found at 79.70 and then at 79.85. Short-term support is found at 79.30 and 79.15. […]
General overview for 29/10/2013 09:00 CET Yesterday, Irregular Flat correction that should end somewhere into SUPPLY zone did not materialse, and the high of this move up was labeled as wave c green. Currently, the wave progression is far from impulsive, so it looks like a Triangle formation in wave (b) navy will be formed, […]
Gold has broken down as expected by our last analysis ending diagonal pattern, and we now expect prices to make a retracement of the entire rise from 1,250. Prices are expected to move at least towards the 38% Fibonacci retracement which is at 1,318. Short-term support is found at 1,334 and then at 1,318 (our […]
On Monday data on US Industrial production in September surpassed the expectations and the US dollar strengthened. US Capacity Utilization was 78.3% vs. forecast for 78.1% and August’s figure was revised upwardly from 77.8 to 77.9%. US Industrial Production rose 0.6% vs. forecast for 0.5% and 0.4% in August. The euro fell 23 points, the […]
China relieves concerns, but Aussie still dips Morning Report: 08.45 London • Overnight Chinese officials injected liquidity into their stressed system, relieving some pressure, but the Australian and New Zealand dollars are still falling this morning. This comes after comments from the RBA governor that implied that the Aussie was on the watch list for […]
On the longer term weekly chart the EURJPY uptrend remains intact, supported by a stronger euro and broad yen weakness. The main driver of the EURJPY pair will be the Bank of Japan policy announcement expected on Thursday. Today the pair appears to be taking a pause from its upward momentum, trading in a 40-pip […]
General overview for 29/10/2013 08:30 CET Yesterday’s price oscilating around Daily Pivot did not provide any further clues about a possible wave progression. The count that fits the best so far is a Triangle pattern in wave 4 navy, and when it will be finished – wave 5 upside breakout. Choppy and overlaping price action […]
USD/CAD Elliott Wave Since our last analyses the USDCAD pair has been trading sideways, corrective wave .iv (coloured black) of the bigger wave A (coloured blue) has been developing.Yesterday, during the Asian session, we could observe descending movements from 1.0450 towards the 1.0427 level and with that move we ended the first leg of the wave .iv (coloured […]
AUD/USD Elliott Wave Since our last analyses, the AUDUSD pair has continued trading downwards, corrective wave (c) (coloured blue) of the bigger wave (x) (coloured green) has been developing. During Monday’s Asian session, we could observe an ascending movement from 0.9583 towards the 0.9621 level. Therefore, during the European and New York sessions, this currency pair did not […]
EURUSD: It would behoove one to seek a short trade in this market, perhaps setting a Buy Limit order at the support line of 1.3750. This is because the bias on the market is bullish, and the Williams’ % Range forage into the oversold area is an excellent opportunity for astute speculators to go long, […]
The biggest mover in the Asian session was the Australian dollar which fell after Reserve Bank of Australia Governor Glenn Stevens suggested the Australian currency was overvalued. He said the currency will probably be “materially lower” in the future. The aussie declined 0.5% versus the greenback to end the session at 0.9518, after having reached […]
Daily chart USD/CHF, during the first day of trading, managed to overcome the daily pivot line at 0.8953, and currently it is trading at 0.8962 with a high probability to continue the ascending until its next resistance at 0.9033, where the line of 2/8 Murrey lines. However, since in the forex market, there is no […]
Technical outlook and chart setups: The metal is poised to retrace further to the 21.00/20 levels. It is recommended to refrain from buying at the current levels and allow retracement to materialize. The 21.00 area is confluence of the falling downtrend line, which is acting as support, the fibonacci 0.618 retracement level and a potential […]
