Today’s Support and Resistance levels: R3: 1.6569 R2: 1.6509 R1: 1.6470 Current Spot: 1.6431 S1: 1.6408 S2: 1.6325 S3: 1.6225 Technical summary: Since yesterday we have been moving sideways to down, but as important support at 1.6325 protects the downside I am still looking for a break above resistance at 1.6565, which will be the […]
Today’s Support and Resistance levels: R3: 134.49 R2: 134.14 R1: 133.81 Current Spot: 133.02 S1: 132.71 S2: 132.36 S3: 131.91 Technical summary: So with the break above important resistance at 132.42 we had confirmation needed to confirm, that the expected thrust out of the B-triangle is developing. The first target is 133.81 with 134.14 […]
The price level of 1.5460 was a prominent target for the cable sellers at 1.5690. The price level of 1.5430 (the backside of the broken downtrend) expressed significant bullish pressure. On Tuesday, the Organization for Economic Cooperation and Development (OECD) raised growth forecasts for the United Kingdom while lowered expectations about the possibility of having […]
Daily chart After macroeconomic data from Switzerland yesterday wich resulted in weaker-than-expected as the country’s unemployment rate remains at 3.2% for the month of August. Meanwhile, July retail sales only grew an annualized 0.8%, which is a disappointment for those who were expecting a growth of 3.2%. As a result, today the Swiss Franc continues […]
Overview According to our last week expections, the price’s close below the Resistance level of 23.90 will give new opportunities for sell signals. Currently, the metal has already managed to close below the Resistance level, then the Support level of 23.35 below the bearish trendline and open the way towards 22.80 as the first […]
Overview As it was expected last week, more bullish signals would be expected in case of closing above the Resistance level of 156.00. Today, as it is shown in the H4 chart, the pair has already managed to break the Resistance level and close 4H above. It is keeping its move inside the bullish channel. Currently, […]
Trading recommendations: NZD/USD: According to the previous events, the price has still been trapped between 0.8050 and 0.8090. Long buying: Buy above 0.7940 with the first target at 0.8055, it might resume to 0.8090. Short selling: Outlook -1-: Swing trade at 0.8093 in order to sell with a traget of 0.8025. Outlook -2-: Below […]
On the Daily chart we see USDJPY broke out of the triangle on September 3 and has breached the 50% Fibonacci resistance level of the move down from the Jul 8 high to August 8 low . Since the triangle was completed and the USDJPY pair broke out, it has remained above the 50% Fib […]
Norway’s krone was the best performing G10 currency on Tuesday after being boosted by a combination of a national election outcome and much higher than expected inflation. The Conservative party won a majority in Monday’s election and have pledged to cut income and wealth taxes, boost investments in infrastructure and ease mortgage lending regulations. Fifty-two […]
Overview: USD/CHF: The price is set below strong resistance at the level of 0.9403 (0.94: 61.8% of Fibonacci retracement levels in H1 chart). It should be noted that the price has still been trapped between 0.9360 and 0.9390. Moreover, it is worth noting that these levels are coinciding between 23.6% and 38.2% of Fibonacci retracement levels […]
Overview: Since our last analysis the EUR/NZD pair has been trading sideways around the price of 1.6454. We are still waiting for an upward movement and testing the level of 1.7360. Since we broke FE 161.8 %,we may see testing FE 261.8 % at the price of 1.6320 before we start with the upward movement. […]
Overview: Since our last analysis Gold has been trading sideways around the price of 1,371.00. We are still waiting for the bearish trend continuation. We are still likely to see its testing the weekly FE level of 161.8% (Weekly third target) at the price of 1,151.00. I saw supply bar on the volume above the […]
Risk sentiment was back on today as markets have scaled back expectations of a military strike in Syria. Russia’s proposal to put Syria’s chemical weapons under international control was accepted by Syria and the United States. Crude oil tumbled by over 1 percent today to $107.45 as concerns over the Syria crisis have eased. Gold, […]
The Dollar index fell within our target of 82-81.80 as mentioned in yesterday’s post. The downward correction could be over now as prices retraced 50% of the entire rise from 80.76. The Dollar Index is very possible to have completed 5 waves from the low upwards, although the formation is not perfect. The decline has […]
Yesterday, gold prices did not manage to break above resistance levels at 1,395 or 1,400. We were bearish and we still remain with 1,350-60 as our first target to take partial profits for our short positions. Since prices got rejected near the resistance, we were confident that all that prices needed to fall was giving […]
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 15, 2024 April 15, 2024 Potential for the further rally on USD/JPYThe material has been…Forex forecast 04/15/2024: EUR/USD, GBP/USD,USD/CAD, USDX… April 15, 2024 We introduce you […]
On Monday, amid strong data from Japan and apparent weakening of US pressure on Syrian issue, the euro grew 100 points. We consider there was a strong speculative compounding part of the yesterday’s growth; probably the investors rose the rate before the closure of quarterly futures contracts on currencies (closure on September 16). Today at […]
USD/CAD Elliott Wave Since our last analyses the USDCAD pair has been trading downwards, just like we expected, impulsive wave .5 (coloured green) of the bigger wave 1 (coloured blue) has been developing. Yesterday, during the Asian and European sessions we could observe a descending movement from 1.0400 towards the 1.0359 level. Therefore, during the New York session this […]
September 10th, 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist. Risk sentiment kicked up overnight on a number of developments across the globe, propelling equities this Tuesday morning. US stocks finished higher Monday — fears over a strike by the US on Syria receded a fair bit in the past 24 hours as President […]
AUD/USD Elliott Wave Since our last analyses the AUDUSD pair has been trading upwards, impulsive wave .5 (coloured green) of the bigger wave C (coloured blue) has been developing. During the Monday’s Asian and European sessions we could observe an ascending movement from 0.9164 towards the 0.9223 level. Therefore, during the New York session this currency pair continued […]
General overview for 10/09/2013 08:30 CET Five waves to the downside in wave Y brown of wave C green has been done and now the wave C blue of the overall ABCED blue Triangle is done and the price should start to develop wave D blue to the upside. Bullish divergence supports the view. The […]
General overview for 10/09/2013 08:00 CET Due to wave 1 and wave 2 overlapse the previous count has been invalidated and now the alternate count is in play. In this count the price has been developing the wave 4 black Triangle pattern labeled as ABCDE blue in 4H chart and it looks like it has […]
China released some important economic data on Tuesday that gives evidence the world’s second largest economy is on track to recovering from a recent slowdown. China’s industrial output growth beat forecasts in August, while retail sales also beat expectations. Industrial production rose +10.4 percent y/y, up from a previous +9.7 percent, and above +9.9 percent […]
Daily chart: The USDX met strong resistance at the 82.51 level, and now the USDX has fallen to the 200-day moving average near the 81.80 level, which found strong support. USDX is likely to drop to the level of 81.50. However, above these levels, it is likely that this high will start forming a low […]
Daily chart: Finally, GBPUSD broke the resistance level at 1.5642, after having formed a lower high pattern. Now, this pair is trying to climb towards the resistance level at 1.5746. It is very likely that this pair starts forming another lower high pattern, below this level. If the pair manages to break that level, it […]
TODAY’s TECHNICAL LEVELS: Resistance. 3: 100.10. Resistance. 2: 99.90. Resistance. 1: 99.71. Support. 1: 99.48. Support. 2: 99.28. Support. 3: 99.08. DESCRIPTION: Please, pay attention to the levels of support 3 (99.08) and resistance 3 (100.10). Normally, when a level is touched, USD/JPY will rebound from the previous minimum by 10 to 20 pips, but […]
TODAY’s TECHNICAL LEVELS: Breakout BUY level: 1.3321. Strong Resistance: 1.3313. Original Resistance: 1.3300. Inner Sell Area: 1.3287. Target Inner Area: 1.3256. Inner Buy Area: 1.3225. Original Support: 1.3212. Strong Support: 1.3199. Breakout SELL Level: 1.3191. DESCRIPTION: Today EUR/USD has support and resistance at 1.3212 and 1.3300. The rate is accompanied by strong support at 1.3199 […]
EURUSD: This pair has rejected the recent bearish threat to it. The price moved upwards on Monday, breaching the resistance line at 1.3250 to the upside and trading above it. The Williams’ % Range has supported a bullish signal, but the EMAs are yet to do that, and therefore, it would be nice to wait […]
Australia’s dollar was the best performer in Tuesday’s Asian trading, moving higher after Chinese data beat forecasts. China’s Industrial production rose 10.4 percent from a year earlier, accelerating from July’s 9.7 percent advance. Retail sales increased by 13.4 percent compared to August last year. The Aussie which is often sensitive to data from China because […]
The U.S dollar is broadly weaker against the euro and sterling as well as against growth-linked currencies like the Australian and Canadian dollars. Friday’s weaker-than-forecast U.S. jobs data weighed on the USD as investors re-evaluate the timing of the Fed tapering, which they expected to be in September. The euro rallied sharply today as a […]
