Daily chart After a slow below 20 pips, USD/CHF closed yesterday’s session below its opening but could not get past the line of 3/8 (green line) which is located at 0.9155. At this time it is 20 pips of the line with a slight upward trend. However, we can expect the uptrend line to continue […]
Overview Since our last analysis, the EUR/NZD pair has been trading upwards, like we expected. The price tested 1.6431 on average volume. 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 effort for the downward movements with no results […]
Overview: Since our last analysis, Gold has been trading downwards, like we expected; the price tested the level of 1,261.22 on high volume according to the (H4) chart. In the daily chart, we can observe supply bar on the average volume, which means that r Gold may continue downwards movements. We are still likely to […]
Sterling took the spotlight today and was the best performing major currency after an upbeat Bank of England quarterly inflation report and improved UK jobs data.The BOE raised its growth forecast for the UK and BOE Governor Mark Carney in a press conference today said that he believes that the unemployment threshold of 7% could […]
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 05, 2024 April 7, 2024 Potential for the further drop on NAS100 ….The material has…Why is gold defying gravity? – Special Report April 7, 2024 Gold […]
Gold climbs as dollar stalls Morning Report: 08.45 London • This morning, gold is pushing higher after days of consistent selling – largely helped by the US dollar index struggling to push through resistance. • Away from this move, markets a generally very quiet as traders wait to hear from Chinese officials on their market reforms. […]
Gold has continued lower towards 1,265 without making any try for an upward bounce. Trend remains downwards and the bears still have the upper hand. Prices have now reached the important neckline area. Prices have made a low in the upper boundaries of that support area. The daily chart above shows the important support area […]
The Dollar index tried yesterday to make a new high but all it managed to do was a triple top around 81.50. The current sideways move looks corrective and the prices are soon to reach the upward sloping supportive trend line as shown on the chart. There will not be a fourth top. Next […]
General overview for 13/11/2013 09:10 CET The old alternate counts have been invalidated as price retraced above 61%Fibo yesterday. Finally price break out of the blue channel and now some downward pressure might occur if 133.60 level is broken. Here are two main support levels to be tested and it all depends on whether […]
USD/CAD Elliott Wave Since our last analyses the USDCAD pair has been trading upwards, just like we expected, but we have slightly changed our primary view and we are looking in the move from 1.0396 as DIAGONAL in the (y) wave (coloured green). Yesterday, during the Asian and European sessions we could observe strong ascending […]
AUD/USD Elliott Wave Since our last analyses the AUDUSD pair has continued trading downwards, we are still going with idea that corrective wave [c] (coloured black) of the bigger wave b (coloured red) has been developing. Yesterday, during the Asian and European sessions we could observe descending movement from 0.9366 towards the 0.9309 level. Therefore, […]
Yesterday the major event was the publication of the data on inflation in the UK in October and followed it the drop of the British pound. Consumer Price Index (y/y) dropped from 2.7% to 2.2% vs. expectations for 2.5%. Core CPI fell from 2.2% to 1.7%, Retail price Index fell from 3.2% to 2.6%. The […]
EURGBP rallied strongly since the November 7 low of 0.8299 to gain over 160 pips to the November 13 high of 0.8462. This high was retested again today and has proven to be a strong resistance level, leading the pair to ease back down, where it is currently finding support at the 21-period moving average. […]
General overview for 13/11/2013 09:00 CET Two scenarios are present here and the difference is in wave (v) blue location: the top is either in place or the price is still in corrective cycle: SCENARIO 1: MAIN COUNT – Price is in corrective cycle and as long as 1.0460 is not broken the count […]
EURUSD: No matter the present condition on the chart, the Bearish Confirmation Pattern on the chart is still a valid thing. The EMA 56, and more precisely, the resistance level of 1.3500 should act as a barrier to the bulls’ effort. Very soon, it is highly likely that the price would be trading below the […]
Daily chart: The USDX is conducting corrective moves below the 200-day moving average, which could be prolonged to fall at the support level of 80.62. If the USDX manages to break the resistance level at 81.50, it would be expected to rise to the resistance level in 82.51. On the other hand, USDX may continue […]
Today’s Support and Resistance levels: R3: 1.6488 R2: 1.6429 R1: 1.6387 Current spot: 1.6338 S1: 1.6302 S2: 1.6223 S3: 1.6113 Technical summary: With the break above 1.6422 we have had to change our count slightly. Instead of a one-two/one-two count we have to assume, that red wave i has become the extended wave and […]
Today’s Support and Resistance levels: R3: 135.50 R2: 134.95 R1: 134.24 Current spot: 133.73 S1: 133.60 S2: 133.15 S3: 132.91 Technical summary: The facts, that we did not see a break below 131.12 and saw an unexpected break above 133, which has revived the ending diagonal formation and is calling for one final […]
Overview: The EURUSD pair’s support was broken and it was turned to resistance for a week. Therefore, the pair has already formed a strong resistance at 1.3460. Moreover, after it could not close above 61.8% Fibonacci retracements levels and start signing for bearish market, and the price has placed below 61.8% Fibonacci since two […]
Overview: GBP/USD: The resistance has already been set at the level of 1.6012 as well as the support has been set at 1.58008 for November 13 – 15, 2013. Therefore, according to the previous events, the price has still been trapped between 1.5940 and 1.5860, then it should be noted that the range today […]
Daily chart: The pair touched the support level at 1.5883 and now, GBPUSD is trying to break that level. If successful, it is expected to fall to the level of 1.5746, which would extend the bearish trend for a few days in this pair. Moreover, it is likely that this pair conducts a bullish rebound […]
A few hours after the London Session is opened, in the Euro Zone data on the Industrial Production m/m will be released and a few hour before the US Market opens German Buba President Weidmann speaks; and there will be no news from the US market, so for today we predict the EUR/USD price action […]
From Japan data on Core Machinery Orders m/m and CGPI y/y will be released; and from the US market there will be no news today; so for today’s trade we will get a Low to Moderate Volatility price action movement for the USD/JPY pair. TODAY’s TECHNICAL LEVELS: Resistance 3: 100.02. Resistance 2: 99.82. Resistance 1: […]
The US dollar was in waiting mode against the euro, as the euro’s moderate rebound this week held, trading unchanged at 1.3435. In economic data out of Asia, Australian consumer sentiment rose 1.9% in November versus a drop of 2.1% the previous month. On the other hand, 3rd quarter wages rose by an annual pace […]
European markets have opened lower today, as investors mulled over statements from several Fed officials which further increased speculation that the US central bank might trim its stimulus programme sooner- than-expected. Closer home, investors await the Bank of England’s new economic growth forecasts in its quarterly inflation report, due later in the day. Investors also […]
The US dollar held firm against the yen after an upbeat Chicago Fed National Activity Index showed the US economy grew a bit faster in September. The data comes after Friday’s stronger-than-expected US nonfarm payrolls numbers. The more positive the data are, then the more likely the Fed will begin trimming stimulus sooner than previously […]
Overview From the today’s H4 chart and as it was expected yesterday, we should wait for breaking the Resistance level 159.00 before making the decision to continue the bullish move. Today and as shown from the H4 chart, the pair failed to break this Resistance level and yesterday it failed to break it as […]
Overview As it was expected yesterday, more bearish signals would be available in case of breaking the Support level 21.20 to give us another good opportunity to sell till reaching the Support level 20.50. Currently and as shown the metal already hits the Support level 21.20 to trade below it before the closing of […]
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 […]
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 […]
