Weekly technical levels: Overview about 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 lines. […]
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 1.6681on 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 legs […]
General overview for 28/10/2013 10:20 CET The wave 5 black target area marked as a grey rectangle has not been hit (5 pips failure), and there is still possibility that the market will make another attempt to run for it, because the last wave up after wave 4 black looks like it consists of three […]
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:Powell made a bold point, and Bailey did not report anything… April 18, 2024 Tuesday was interesting not only with a whole series of…Market continues to price in a plethora of […]
General overview for 28/10/2013 10:00 CET Alternate count is in play, where wave c green of wave (b) blue must be finished before more downside will be in play. The price is above the Weekly Pivot and the current resistance level is at 134.87, which is in confluence with blue intraday down sloppping trend line. […]
Last Friday the euro closed at the level of opening (the only difference was 1 point), the pound dropped 34 points. The investors closed the positions before a series of relevant US data scheduled on Monday and Tuesday. Ifo Business Climate Index in Germany in October was lower than forecast and lower the September’s figure, […]
Aussie leads as risk appetite rises Morning Report: 08.45 London • This morning, the Australian and New Zealand dollars are on the rise as risk appetite returns. The currency market’s main risk (and China) proxy is showing the most intent, up 0.45%, with the NZD/ USD up 0.37%. There was some encouraging data from China […]
The Dollar index is currently in a sideways corrective phase. Prices are making overlapping patterns, and there is no sign of a clear impulsive trending move. The trend in bigger time frames may remain downward, but for the short term, prices are trendless. The decline from 80.75 could very well be completed, so for the […]
USD/CAD Elliott Wave Last week, the USDCAD pair was trading upwards, five waves within corrective wave A (coloured blue) of the bigger wave [b] (coloured black) hwas developing. During Friday’s Asian and European sessions, we could observe an ascending movement from 1.0408 towards the 1.0456 level. Therefore, during the New York session this commodity pair continued trading in a […]
AUD/USD Elliott Wave Last week, the AUDUSD pair was trading downwards, three wave pullback in the (x) wave (coloured green) for the bigger wave A (coloured red) was developing. During Friday’s Asian session, we could observe an ascending movement from 0.9581 towards the 0.9623 level. Therefore, during the European and New York sessions this major pair did not […]
Gold continues to rise to new short-term highs, but we believe it is near the end of the upward move that started at 1,250. The rise seems completed, and we expect a reversal that could put the support levels at 1,300-1,280 to the test. Prices have risen in an impulsive way if we assume the […]
October 28th, 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist. European markets have opened higher today, helped by a rally in the Asian markets as investors grew more optimistic about a likelihood that the Fed monetary measures would be persisted with, ahead of the Federal Reserve’s two-day policy meeting due tomorrow. Closer home, investors […]
Today’s Support and Resistance levels: R3: 1.6740 R2: 1.6684 R1: 1.6654 Current Spot: 1.6623 S1: 1.6559 S2: 1.6498 S3: 1.6444 Technical summary: There was no time for a correction Friday, as we continued directly higher to the next resistance at 1.6685 (we have seen 1.6684 as the high for now). However, we still think that […]
Today’s Support and Resistance levels: R3: 135.76 R2: 135.32 R1: 135.76 Current Spot: 134.72 S1: 134.52 S2: 133.88 S3: 133.60 Technical summary: We have seen a bottom at 133.88 (our target was at 133.89). The following rally is not yet the most convincing we have seen, but we will give it the benefit of our […]
Daily chart The WTI crude oil price fell to the lowest level in almost four months on Wednesday as data signaled ample supplies in the United States, the world’s largest oil consumer. The U.S. Energy Information Administration said crude supplies increased by 5.2 million barrels, to 379.8 million barrels for the week ended Oct. 18, […]
TODAY’s TECHNICAL LEVELS: Breakout BUY level: 1.3872. Strong Resistance:1.3863. Original Resistance: 1.3850. Inner Sell Area: 1.3837. Target Inner Area: 1.3804. Inner Buy Area: 1.3771. Original Support: 1.3758. Strong Support: 1.3745. Breakout SELL level: 1.3736. DESCRIPTION: Today, EUR/USD has support and resistance at 1.3758 and 1.3850. The rate is accompanied by strong support at 1.3745 and […]
TODAY’s TECHNICAL LEVELS: Resistance. 3 : 98.02. Resistance. 2 : 97.83. Resistance. 1 : 97.64. Support. 1 : 97.40. Support. 2 : 97.21. Support. 3 : 97.02. DESCRIPTION: Please, pay attention to the levels of support 3 (97.02) and resistance 3 (98.02). Normally, when a level is touched, USD/JPY will rebound […]
Technical outlook and chart setups: The metal rallied last week and took off the initial resistance at 22.50 as depicted here. This indicated that the bulls are in control, and it would rally further after a meaningful retracement. The metal is expected to retrace at the following convergence level: 1. Fibonacci 0.618 support at the […]
Technical outlook and chart setups: The currency pair seems to be poised to retrace further lower towards the 1.32 levels at least, as depicted here. Please note that the rising trendline is also passing through the same levels at the moment. It is recommended to initiate short positions (only 50%) with the risk at the […]
Technical outlook and chart setups: The overall structure still remains unchanged, and the currency pair is seen bouncing off the 0.618 fibonacci support around the 1.4380/1.44 levels here. Therefore, it is recommended to keep long positions taken earlier and also to add further at the current levels (1.4440). Rally extensions are pointing towards 1.49 from […]
EURUSD: This currency instrument was able to maintain its bullish stance last week in spite of the threats for the bears. The price moved upwards by over 140 pips, before encountering a challenge at the resistance line of 1.3800. For this week, the support line at 1.3700 should serve as a check to the bearish […]
Technical outlook and chart setups: The metal rallied above the resistance levels at 1,350.00 last week. This indicates that bulls remain in control now, and we should buy on any meaningful dips from here on. Levels of interest are 1,280-1,300 to enter long positions. As depicted here, the short-term support line is still intact and […]
European markets have opened higher today, helped by a rally in the Asian markets as investors grew more optimistic about a likelihood that the Fed monetary measures would be persisted with, ahead of the Federal Reserve’s two-day policy meeting due tomorrow. Closer home, investors await the release of CBI’s distributive trades’ survey data, due later […]
Daily chart: GBPUSD remains in the range between 1.6235 and 1.6146. Within this range, the pair is forming a bullish pattern. These current levels are very important in the development of the bullish trend of this pair, because a change in the trend is possible here. If the pair manages to break the support level […]
Daily chart: The USDX consolidated with a bearish trend in this chart, but the movements are slower every day, and it could be an indication of a turnaround within the coming days. However, the USDX could be forming a higher low pattern above the 79.19 level. If the USDX manages to break that level, it […]
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Traders and investors all around the world is having trouble climbing over the wall of worry/fear with the US stock market, and rightly so. There is a lot of things taking place and unfolding that carry a high level of uncertainty. Let’s face it, who wants to invest money into the market when it’s hard […]
Deflationary Forces Stymie the Fed’s Economic Rescue Efforts See a stunning chart of the Federal Reserve’s assets By Elliott Wave International The Federal Reserve’s efforts to rescue the economy have been historically aggressive, starting with the initial round of quantitative easing in 2008 and continuing through 2013. The central bank’s assets have skyrocketed due to […]
Overview As it was expected yesterday, more bearish signals would be available after breaking the Support level 22.50 yesterday, then the metal continued its downward move after breaking the Support level and the upward trend line, which gave us a good opportunity to sell near of the Support level 22.00. Currently and as shown […]
