Overview: Since our last analysis the EUR/NZD pair has been trading in the downward movement, the price tested the level of 1.6478 on the volume below the average. We are still waiting for the upward movement and testing the level of 1.7360. Since we broke FE 161.8 %,we may see testing of FE 261.8 % […]
The U.S. dollar tumbled across the board after disappointing jobs report. The highly anticipated Nonfarm Payrolls report showed a lower than expected number of new jobs added to the American economy in August. Economist had predicted 180,000 new positions but only169,000 were created, but still above July’s dismal 104,000. The unemployment rate dropped to a […]
Overview: Since our last analysis Gold has been trading downwards, the price tested the level of 1,364.32 on high volume. 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 average according to the […]
It should be noted that the market was so stable and the trend was also so clear (upward). Range was: 122 pips (upward). The value of 50% Fibonacci retracement levels is: (High + Low) / 2 = 1.55196. (The key level to confirm a bullish market for next week). Volatility is 280.50 thus […]
The main market focus today is on the U.S. dollar ahead of nonfarm payrolls. Investors are taking some profits and sold off the dollar, especially against the yen before this key risk event. USDJPY fell for the first time in five days to a low of 99.49 yen. The market was already substantially long this […]
Overview: USD/CHF: The price is set below strong resistance at the level of 0.9517 (0.9519: 61.8% of Fibonacci retracement levels in H4 chart). It should be noted that the price has still been trapped between 0.9450 and 0.9480. Moreover, it is worth noting that these levels are coinciding between 38.2% and 50% of Fibonacci retracement levels […]
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:Forex forecast 04/18/2024: EUR/USD, USD/JPY, Oil and Bitcoin… April 18, 2024 We introduce you to the daily updated section of Forex…Video market update for April 18, 2024 April 18, 2024 Potential […]
The Dollar Index although it initially retraced 23.8% and showed signs of possibly moving lower towards 82, the speech by Mario Draghi pushed the major component of the Dollar Index (EURUSD) to new lows and, thus, affecting the index. Prices initially tested the 82.50 resistance, pulled back but eventually made a new higher high. The […]
Gold broke down yesterday making a lower low, then 1,372 canceling the sideways scenario and confirming our primary view that prices were heading towards 1,360. Prices are falling in an impulsive pattern and our view that the trend is bearish is confirmed. Our first short-term support and target for Gold is found at 1,359-55. This […]
EURUSD: This pair has been going bearish this week. The price is trading below the resistance line at 1.3150, and the present bullish correction (apart from being weak), would prove to be a transient action. There is another great resistance line at 1.3200 which would also be a barrier to bullish attempts. USDCHF: The USDCHF pair […]
On Thursday, data on Factory Orders in Germany was worse than even negative forecast (-2.7% vs. -0.7%) and in the US data was better ISM Non-Manufacturing in August was 58.6 vs. 55.2 and Factory Orders in July -2.4% vs. -3.4%. Mario Draghi made additional pressure on market participants when he said that during the ECB […]
General overview for 06/09/2013 08:30 CET Price action is still in range and the golden trendline provides resistance. None of the main support and resistance levels has been broken yet. Only trendline break and what is more important Key resistance at 1.0516 break would expose upper Intraday Supply zone of 1.0551 – 1.0558 to test […]
USD/CAD Elliott Wave Since our last analysis the USDCAD pair has been trading upwards in a corrective structure, corrective wave .2 (coloured green) of the bigger wave 1 (coloured blue) has been developing. Yesterday, during the European session we could observe descending movement from 1.0505 towards the 1.0475 level and we can consider this move as the […]
AUD/USD Elliott Wave For the last few days the AUDUSD pair has been trading downwards, corrective wave .4 (coloured green) of the final wave C (coloured blue) has been developing. Yesterday,during the Asian and European sessions we could observe descending movement from 0.9162 towards the 0.9115 level and we can consider this move as the […]
General overview for 06/09/2013 08:00 CET The demand broke through the grey rectangle zone yesteday but immediatly bounced back when it hit green triangle line. The bounce was in five waves, that are finished and now the price is in corrective cycle. This correction may go as high as WR1 area of 131.47 and should […]
September 6th, 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist. European markets have opened slightly higher this morning, as investors opted to remain on the sidelines ahead of the US Labour Department’s much-anticipated monthly employment report, which could determine when the US Federal Reserve starts tapering its bond-buying programme. Meanwhile, Halifax reported that UK […]
The U.S. dollar fell below the key 100 yen level in the Asian session as market focus turns to the all-important U.S. nonfarm payrolls later on Friday. The forecasts show that 180,000 new jobs were added to the U.S. economy in August, up from an increase of 162,000 in July. Economists estimate the unemployment rate […]
Today’s Support and Resistance levels: R3: 132.14 R2: 131.48 R1: 131.16 Current Spot: 131.07 S1: 130.86 S2: 130.64 S3: 130.26 Technical summary: Wave i of the new impulsive rally ended at 132.14 and was followed by an zig-zag wave ii correction. This wave ii correction is still ongoing to minor resistance at 131.16 and more […]
Today’s Support and Resistance levels: R3: 1.6806 R2: 1.6744 R1: 1.6654 Current Spot: 1.6586 S1: 1.6582 S2: 1.6485 S3: 1.6409 Technical summary: This wave ii correction has proven to be a harder nut to crack than expected. Once again we have taken out what could be the final low and once again we had to […]
Daily chart: The USDX broke the resistance at the 82.51 level and it is very likely that during the next week, the USDX consolidates above these levels with a lower high pattern. However, we should consider the USDX could make a bearish rebound at the current levels, because that level of 82.51 is very strong. […]
Daily chart: GBPUSD made a bearish rebound at the level of 1.5642, after having encountered strong resistance at that level due to the bullish momentum that the pair had yesterday. However, this can be the formation of a lower high pattern, so GBPUSD continues to rise and, eventually, will break the resistance level at 1.5642. […]
TODAY’s TECHNICAL LEVELS: Resistance. 3: 100.39. Resistance. 2: 100.18. Resistance. 1: 99.96. Support. 1: 99.70. Support. 2: 99.48. Support. 3: 99.27. DESCRIPTION: Please, pay attention to the levels of support 3 (99.27) and resistance 3 (100.39). Normally, when a level is touched, USD/JPY will rebound from the previous minimum by 10 to 20 pips, […]
TODAY’s TECHNICAL LEVELS: Breakout BUY Level: 1.3185. Strong Resistance: 1.3177. Original Resistance: 1.3164. Inner Sell Area: 1.3151. Target Inner Area: 1.3120. Inner Buy Area: 1.3089. Original Support: 1.3076. Strong Support: 1.3063. Breakout SELL Level: 1.3055. DESCRIPTION: Today, EUR/USD has support and resistance at 1.3076 and 1.3177. The rate is accompanied by strong support at […]
The dominant currency was the U.S. dollar on Thursday, as the currency gained in reaction to economic data and news both from Europe as well as the U.S. The dollar remains in focus as the all-important nonfarm payrolls data are due out on Friday. Helping boost the dollar in the U.S. session today was a […]
Daily chart Amid the prevailing uncertainty regarding the intervention or not in Syria, Crude Oil remains in an area of indecision, ranging in small ranges. But we can also see that in 1 hour charts the price is below the line 7/8 if it is a weak resistance line, however if Murrey theory says that […]
In a definitive move to connect with current and prospective partners in Asia, the CEO of XM, Constantinos Cleanthous, together will other members of our senior management team, will be dedicating their time in the coming weeks to visit a number of key markets in the region. All Master IBs, Introducing Brokers, Representatives, Local Depositors, […]
The U.S Dollar jumped higher after economic data showed the U.S. service sector expanded more than expected in August, at its fastest pace in more than two years. A report compiled by the Institute for Supply Management showed that the business activity index rose to 58.6 in August from 56.0 a month earlier. This surprised […]
The following are some extracts from a press conference that ECB President Mario Draghi held after the ECB policy meeting on Thursday. The ECB left its main interest rate unchanged at a record low of 0.50 percent. ON INTEREST RATES “On the interest rate cut, there was a discussion like […]
Daily chart As it was expected, USDCHF after a slight decline yesterday, today continues its upward trend, reaching a maximum at 0.9414 reaching some point on the line 5/8 (green line ) which becomes the top line of the trading range, and then withdraw almost 40 pips. For today’s session must be alert to data […]
EURUSD: This pair is in a bearish mode, but it is currently experiencing some rally which would potentially be short-term in nature. Generally, the current rally ought not to go above the resistance line of 1.3250; otherwise the bearish mode would be in jeopardy. Another southward dive is expected soon. USDCHF: The market moved upwards […]
