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, […]
EURJPY advanced higher on Tuesday, up from the Asian session low of 131.09 to a high of 131.84 early in the European trade. The pair has since found it hard to break strong resistance level of 131.82, which is the 62.8% Fibonacci retracement level of the move from the September 6 low to the September […]
Yesterday data on labor in the US was not revealed. Now it is not clear when Nonfarm Payrolls are to be issued; probably it will happen this week. Today optimistic data on Europe is expected. Trade balance in Germany in August (at 10:00 UTC+4) is expected to be 15.1 billion euro vs. 14.5 billion […]
The live seminar entitled “Learn to Earn Intraday Trading” took place in Athens on the 5th October and was geared towards experienced traders who have a good understanding of Technical Analysis. The event attracted numerous traders who attended with a view to learning more on volatility trading and multiple time frame techniques. Throughout the course […]
Wave analysis: As it was expected, during the yesterday’s trading session the GBP/USD pair started reversing from the reached on Friday lows and during the second half of the day adding more than 80 basis points tested the level of figure 61. Thus, the Friday’s low may be regarded as completion of the first wave, […]
The Dollar Index remains above the 50% Fibonacii retracement support and is trying to break above the short-term resistance levels at 80.05-80.20. If it manages to break above that levels, then it will most probably push towards 80.50-65. The move from the lows is a 5 wave complete movement with a three wave pull back. […]
Gold has broken outside and above the sideways triangle and is testing short-term resistance at 1,329. The downward sloping resistance trendline is found at 1,330 and if broken, prices could push towards 1,350-60. Short-term support is found at 1,320 and 1,313. If these support levels are broken, then we should expect prices to move towards […]
USD/CAD Elliott Wave Since our last analyses the USDCAD pair has been trading upwards, so we need to look at our alternate count that tells us that wave (y) (coloured green) of the [b] wave (coloured black) is still developing. Yesterday, during the Asian and European sessions we could observe ascending movement from 1.0288 towards the 1.0332 level. […]
AUD/USD Elliott Wave Since our last analyses the AUDUSD pair has been trading sideways, corrective wave C (coloured blue) of the bigger wave (y) (coloured green) has been developing. During the Monday’s Asian session we could observe descending movement from 0.9448 towards the 0.9387 level. Therefore, during the New York session this major currency did […]
General overview for 08/10/2013 08:00 CET Despite the fact that the low of 131.41 has been taken out, there is no further bearish continuation at this point of time. The very compex and time consuming corrective wave progression has now WXYXXZ shape of Descending Triple Three Correction Wave 4 green of a Leading Diagonal, but […]
General overview for 08/10/2013 07:45 CET Yesterday’s idea of shorting the golden trendline from 1.0325 with TP at 1.0305 turned out to be profitable so congrats to anyone who took this trade. As for today, the last cycle of the impulsive wave has been done in five waves, and then a sharp correction was made […]
The US dollar rebounded in Tuesday’s Asian session after hitting an eight-month low against the yen on Monday. A rise in Japanese stock markets led to a fall in yen, relieving some pressure on the dollar. There are no new developments in the US budget negotiations in Congress while the government has been shut for […]
Daily chart: The USDX failed to break the resistance at the 80.11 level and at that level, the USDX made a bearish rebound, so it is very likely that the bearish trend will continue to strengthen in this chart. However, it is expected to fall to extend into support zone at 79.19 level. On the […]
Today’s Support and Resistance levels: R3: 1.6464 R2: 164.05 – Important resistance – Break above here should accelerate the rally. R1: 1.6368 Current Spot: 1.6362 S1: 1.6326 S2: 1.6267 – Important support – Break below here will question any further upside progress. S3: 1.6239 Technical summary: We are closing in on point zero. Will we […]
Today’s Support and Resistance levels: R3: 132.69 – Important resistance. R2: 132.09 R1: 131.79 Current Spot: 131.46 S1: 131.11 S2: 130.81 – Support line from 124.96. Break below here shifts the the alternate count. S3: 130.51 Technical summary: Support at 131.46 did not hold and that forces us to consider an alternate count (see […]
Daily chart: This pair is forming a higher low pattern over the support at the level of 1.6046. It is likely that this will only be a bullish rebound and eventually GBPUSD could rise to resistance at the 1.6146 level. On the other hand, if the pair manages to break this support level, it would […]
TODAY’s TECHNICAL LEVELS: Breakout BUY Level: 1.3646. Strong Resistance: 1.3638. Original Resistance: 1.3625. Inner Sell Area: 1.3612. Target Inner Area: 1.3500. Inner Buy Area: 1.3548. Original Support: 1.3535. Strong Support: 1.3522. Breakout SELL Level: 1.3514. DESCRIPTION: Today EUR/USD has support and resistance at 1.3535 and 1.3625. The rate is accompanied by strong support at […]
TODAY’s TECHNICAL LEVELS: Resistance. 3 : 97.26. Resistance. 2 : 97.07. Resistance. 1 : 96.88. Support. 1 : 96.64. Support. 2 : 96.46. Support. 3 : 96.26. DESCRIPTION: Please, pay attention to the levels of support 3 (96.26) and resistance 3 (97.26). Normally, when a level is touched, USD/JPY will rebound from […]
European markets have opened mostly mixed today, as some upbeat European economic data was offset by a weakening growth in China’s services sector for September coupled with persisting concerns over the US budget impasse and looming debt-ceiling deadline. Closer home, investors’ sentiment was boosted after the White House Spokesperson stated that they would accept a […]
Currency Analyst Joel Murphy is question regarding the outlook for the Australian dollar and how the current government impasse is impacting currency markets. Related Posts:Bitcoin licks wounds as Fed comes on the rescue – Crypto… May 3, 2024 Bitcoin posts 2-month low on expectations of slower rate cuts…Bitcoin slips as markets pare back Fed rate cuts […]
The XM CEO and XM Management would like to thank all our partners and clients from Bangladesh for an unforgettable experience during the visit of XM World Tour to Dhaka. Our visit leaves us with the best of experiences from both our clients and partners but also from the people of Bangladesh who have been […]
The safe haven currencies like the Japanese yen and Swiss franc were in demand on Monday as markets are nervous over the US budget gridlock which has entered its second week and the US debt ceiling is approaching in 10 days. Trading volumes are relatively low as investors prefer to wait on the sidelines for […]
OvervieW: USD/JPY is trading with bearish bias as U.S. partial government shutdown drags on for the seventh day. USD/JPY is undermined by weaker dollar sentiment after no agreement to end the shutdown was seen over the weekend (U.S. stocks had risen Friday – S&P gained 0.71% – as some investors were optimistic that Washington may […]
Technical outlook and chart setups: The metal has bounced off just ahead of the rising trendline as depicted here. A break of the 22.10/20 levels would instill confidence to bulls for an extended rally. Long positions, taken earlier, can be held with stop below the 20.00 levels. Resistance is at 22.10/20, followed by 22.40/50, 24.50 […]
Technical outlook and chart setups: The metal is seen trading around the 1,310/20 levels for now. It is recommended to remain long with a stop at the 1,270.00 levels. Initial resistance is at 1,350.00, followed by 1,370/80, 1,410 and 1,440; while support is at 1,270.00 respectively. The metal has bounces off from the 0.618 fibonacci […]
Overview: NZD/USD is trading in a range. It is undermined by diminished risk appetite, Kiwi sales in the buoyant AUD/NZD cross. But NZD/USD downside is limited by negative dollar sentiment. Daily chart is mixed as MACD and stochastics are bearish, but 5-day moving average is meandering sideways. Trading recommendation: The pair is trading below its […]
Overview: GBP/JPY is trading with bearish bias. It is undermined by diminished investor risk appetite, Japan exporter sales. But GBP/JPY downside is limited by demand from Japan importers. Daily chart is negative-biased as MACD and stochastics are bearish; five-day moving average is below 15-day MA and declining. Trading recommendation: The pair is trading below its […]
Overview: USD/CHF is consolidating after hitting one-week high of 0.9081 Friday. It is undermined by negative dollar sentiment. But USD/CHF downside is limited by franc sales in the soft CHF/JPY cross. Daily chart is mixed as MACD is bearish, but stochastics is rising from oversold zone. Trading recommendation: The pair is trading below its pivot […]
Technical outlook and chart setups: The currency pair is testing the rising trendline support, just ahead of the 131.50/60 levels as depicted in the 4H chart. A break would prove to be bearish, and prices may move towards the 130.00 levels on the downside. But a bullish bounce here would continue the trend on the […]
Technical outlook and chart setups: The currency pair is holding ahead of the 1.4450 levels as seen on charts here. It is recommended to exit short positions taken earlier, though the possibility remains for a dip towards the 1.4400 levels, where the support trendline is passing through as well. The 0.618 fibonacci retracement levels are […]
