Technical outlook and chart setups: The yellow metal looks to be preparing for a wave 3 rally into 1,400s again before the next move could be determined. It is recommended to remain long for now with risk below 1,270.00 level. Intermediary resistance is at 1,440.00 level, while support is at 1,270.00 respectively. A straight fall […]
Technical outlook and chart setups: The single currency is being supported by 133.00/10 region, the past resistance turned support zone. It is recommended to remain long and also add further now. Intermediary resistance is the 134.70/80 region, while support is at 131.50/75 respectively. A bullish bounce is warranted around current levels, which is also re-enforced […]
Technical outlook and chart setups: The single currency pair is forming base around 1.45 level, as discussed yesterday. This is also re-enforced by the 0.382 Fibonacci support of the recent upswing between 1.42 and 1.48. Furthermore, the past resistance turned support region is also around 1.45 level. Smaller time frames have produced a bullish reversal […]
EURUSD: This pair is currently moving sideways in the context of an uptrend. There is a support line at 1.3450, while it is expected that the price could rise further towards the resistance line of 1.3550, possibly breaking it to the upside, and closing above it. That could happen today or tomorrow. USDCHF: The outlook […]
Very little happened during the Asian session on Tuesday, with most currency pairs consolidating at the prior US session levels. There were no data releases in the session so volumes were light. The dominant themes of the markets is the US debt limit and Fed tapering. The US government is at risk of shutting down […]
The US dollar is weaker today as concerns resurface about when the Fed tapering will actually happen. This comes on the back of comments by Fed policy makers today. Some policy makers, particularly New York Federal Reserve President William Dudley, backed the Fed’s decision last week to continue with QE policy to stimulate the economy. […]
Overview As shown from the today’s H4 chart, the metal is stabilizing above the Support level 21.70 after its failure to break the Support level 21.30 last week. Currently we must wait for re-testing the Support level again and closing below to get the bearish move opportunity. In that case we will get a […]
Overview As shown on the today’s H4 chart, this week the pair has opened below the Resistance level 159.00 which means the pair will reverse its bullish move this week, it takes a downward move. Today the pair has already started its downward move after it had hit the Resistance level 160.00 and the upper […]
Daily chart As discussed in our last analysis, breaking the bottom line of its trend we would indicate a continuation in the decline in the price of Crude oil and watching the movements of the first hour of the first day of the week we can see that this is what is happening. Crude oil […]
Two months ago, a prominent bottom was established around 1.0260. This happened after the pair broke-down a consolidation range between 1.0450-1.0560, which was followed by intensive bearish pressure that led to the breakdown of 1.0450 and 1.0380 with a record low of 1.0254. Important level was located around 1.0505. This was the key level for last week’s […]
Strong bullish sentiment was found in 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 was able to break trough 1.5720 which corresponds to August’s highest level and the recent […]
Daily view: The cable invalidated the reversal Head and Shoulders pattern maintaining quite strong bullish momentum to the upside. Daily closure above 1.5719 (the highest level in August) enhanced further bullish pressure to be applied, so that the bulls could step above 1.5760 (the highest level in June). Previous bullish swing targeted 100% Fibonacci Expansion […]
Price Zone 1.3515-1.3560 represents a valuable Supply zone that kept price below for almost two months. The pair is showing some bearish rejection manifested in the Daily candlesticks of previous week. Looking at the Inside-Bar of Friday, a bearish retracement movement is expected after breakdown of Friday’s low at 1.3495 to push the pair towards […]
Daily chart During the session last Friday, the Swiss Franc unlike most major currencies lost ground against the dollar, though managed to stay firm above 0.9100, which becomes an important area of support and counseling. Although there were no published reports of Switzerland on Friday, the Franc continues to enjoy the support of the […]
On the Weekly EURJPY chart, the uptrend is bullish since July 2012. The triangle formation completed to the upside a week ago confirms the uptrend since this pattern is known as a continuation pattern. All Ichimoku indicators on the Weekly chart also indicate a strong upward trend with Tenkan Sen and Kijun Sen rising and […]
Technical outlook and chart setups: Silver produced bullish bounce from 0.618 Fibonacci support levels last week. At the moment, it is re-testing the same support level, before rallying towards 24.20/40 levels atleast. Intermediary resistance is at 25.00 level; while support is at 21.00 level respectively. A push lower would bring 20.40/50 levels into focus and […]
Technical outlook and chart setups: The yellow metal has done the following in past few trading sessions: 1. Broken the channel/support line. 2. Rallied back and tested the support turned resistance region around 1,380.00 level. 3. Support at 1,270.00 still remains intact. Possibilities from here are: 1. Consolidation at current level and then continued rally. […]
Technical outlook and chart setups: The single currency pair finally prints fresh highs close to 135.00 level last week, as expected. It is recommended to remain long, and reduce risk to 131.50 level. At the moment, the prices are finding support just ahead of the past resistance turned support region around 133.20/30 (horizontal line). It […]
Weekly technical levels: Tip(s): 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 on the sideways markets as the prices are most likely to be located between the R1 and S1 lines. Within a strong […]
Technical outlook and chart setups: The single currency pair pulled back from recent swing highs (from 1.4800 level). At the moment it looks like the retracement/pullback may have completed around sub 1.4540/50. This level is also re-enforced by past resistance turned turned support region of the rally that had begun from 1.4070 level earlier. Immediate […]
Weekly technical levels: Tip(s): 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 on the sideways markets as the prices are most likely to be located between the R1 and S1 lines. Within a strong trend, […]
The rally in the euro is running out of steam against the dollar amid uncertainty after the outcome of Germany’s elections. Merkel’s conservative party won Sunday’s elections but failed to obtain a single majority need to rule on its own and now has to form a coalition government. Investors took the opportunity to book profits […]
Overview: Since our last analysis, the EUR/NZD pair has been trading sideways; around the price 1.6126 we are still waiting for more downward movement. Since the price has broken FE 261.8% (1.6276), we may expect testing of Fibonacci RE 61.8% at the price of 1.5915. In the daily chart we can observe no demand bar […]
Overview: Since our last analysis, Gold has been trading downwards, as we expected, the price tested level of 1,313.16 on high volume. We are still likely to see it testing the weekly FE level of 161.8% (Weekly third target) at the price of 1,151.00. I saw supply bar on the high volume, according to the […]
Just like any other business or anything you decide to invest into, the importance of ensuring you invest into a safe and secure business is very important and when it […] The post Safe and Secure Trading appeared first on | HY Markets Official blog. Source: HY Markets News Related Posts:Trading Signals for GOLD (XAU/USD) […]
Last Friday, there was no relevant news and the euro was trading in a narrow range. In the review from September 19 we pointed out the statement that the major investors do not want to buy the euro despite the Fed’s decision not to reduce asset buying on their balance. Characteristic feature of this idea […]
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, […]
The Dollar Index has not made much improvement to the upside and has only moved in a corrective pattern sideways towards the downward channel boundaries. This brings resistance levels lower and soon will be put to the test. Most probable outcome will be for the Dollar Index to make a new lower low towards 80, […]
A series of PMI data from the Euro zone were released on Monday, with particular focus on Germany and France. French PMI disappointed markets as data showed manufacturing activity dipped during September. PMI printed a reading of 49.5, down from August’s 49.7 and less than the expected 50.2. A reading above 50 in the Markit […]
AUD/USD Elliott Wave After almost a year in a down trend, the AUDUSD pair has completed the (A) cycle (coloured blue) of the bigger wave [Y] (coloured purple) in early August. For the last few weeks we are observing a corrective movements that we fit inside the first leg A (coloured red) of the (B) […]
