Daily Graphic At the beginning of the week there were many significant changes for the USD/CHF pair and it closed just 14 pips of its opening price.The Swiss report retail sales had no major impact on the currency even though there was an increase of 2.3% in June beating the forecast of 1.9% expected. Meanwhile, […]
Technical outlook and chart setups: The currency pair is giving a hit at the backside of the trend line again, which is resistance now. As it is depicted here, immediate resistance is at 1.44/45 area. A push through that level would give a tough time to bears. Higher up resistance is a 1.48 and 1.5 […]
The euro succeeded in breaking the 1.33 area and also having broken the uptrend line at 1.3330 on 4-hour charts. The strongest area to note down is 1.3133 (M_PV), although to get to it, it must overcome a level of 1.3248 which represents 61.8% of the last bullish movement and also important first weekly support. […]
Last week, the Australian dollar had a recovery of 350 points, from a low of 0.8841, as noted in the previous analysis, that there was located the first monthly support. Achieving this level is a great recovery, and was driven up to more as the central bank of Australia, decided to lower the interest rate […]
The pound without much pressure has a downward direction against the dollar, but without defining its route to the American session. The sharp rise in the British currency observed last week was derived from fundamental UK data. The currency has not yet suffered a major correction and the same could take place during the next […]
Japanese GDP was weak for the second quarter with actual reading 2.6%. The yen quickly reacted to the news. It was not expected by the specialists. It can generate a new aggressive policy of the government of Shinzo Abe. Since Abe’s Liberal Democratic Party won power in December, the prime minister has set two aims, […]
Weekly Chart On weekly charts, crude oil is trading at 105.86, after having undergone significant rebound during the last Friday’s session. It was due to the reports of China’s industrial production and a surge in demand forecast by global international Energy Agency, which has allowed the light crude cut its weekly loss since in this […]
There was a bearish rebound from important key resistance at 1.5400 located in the chart corresponding to 61.8% Fibonacci level extending up to 1.5440. This significant resistance managed to put bearish pressure leading towards quick retracement reaching daily demand level around 1.5200 (the previous uptrend line). Last week, strong bullish pressure was applied at retesting […]
The USD/CAD pair rose steeply approaching the key resistance level of the ascending channel around 1.0530 as depicted in the chart. Since then, the pair has established a consolidation range between 1.0450-1.0560 that expressed a false bullish breakout above 1.0555 which was followed by intensive bearish pressure that led to the breakdown of 1.0450 and 1.0380 with a record low […]
The Dollar Index has broken short term resistance levels at 81.15 and is trying to make a bullish reversal as the price breaks out of the downward sloping trend channel. The short-term support is found at 81 and at 80.85. The price should stay above these support levels for bulls to have increased chances of […]
Supply levels: 1,340.20, 1,370.40, and 1,423.30. Demand Levels: 1,282.00, 1,266.00, 1,255.10 and 1,209. Bullish breakout above previous congestion zone extending between 1,265-1,298 took place, the bullish momentum was confirmed with previous Friday’s price action (bullish hammer). However, a lack of bullish steam after hiting 1,347.8 led to a strong dip down below 1,282.95 (the recent bottom) that was […]
Gold prices broke above the resistace levels at $1,325.00 early Monday putting the bigger bearish picture in danger and changing momentum to upwards. The price managed to break resistance levels and the last stand for bears is the high at $1,349.00 to be tested. The current price actions favors bulls as the downward move from […]
General overview for 12/08/2013 11:00 CET: A five wave decline in first impulsive wave i to the downside has been done and now the price is in corrective cycle wave ii. 23%Fibo resistance and golden trend line resistance has been hit as well and, currently, theprice has been capped at the level of 128.91, that […]
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 05, 2024 April 7, 2024 Potential for the further drop on NAS100 ….The material has…Why is gold defying gravity? – Special Report April 7, 2024 Gold […]
XM is proud to announce the company’s contribution as main sponsor to the charity fundraising campaign A Hug for Kids, due to be held in Cyprus on 14 September 2013. Organized by One Dream One Wish Foundation and sponsored by XM, the charity event A Hug for Kids was initiated with the noble purpose to […]
Weekly Graphic Crude oil seen in weekly charts, is trading at 105.86 at the moment, after having done a significant rebound during the session last Friday as a result of reports about China’s industrial production and a surge in demand forecasts global international Energy Agency, which has allowed the light crude cut its weekly loss […]
On Friday, as it was expected, UK Trade Balance was better; deficit narrowed to -8.1 billion pounds vs. forecast for -8.4 billion pounds and -8.7 billion in May. Data on China was mixed, but the investors started to close the positions. This morning Japan’s GDP in the second quarter grew only by 0.6% vs. estimates […]
On Friday, data on Industrial Production in France and Trade Balance in Italy was lower than forecasts and investors preferred to close the positions. On Friday, the euro dropped 40 points. Today at 22:00 UTC+4 US Federal Budget in July is published; forecast -$96 billion vs. $116.5 billion in June. Probably, investors will continue to […]
August 12th, 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist Stocks posting slim gains here in Europe. A mixed session in Asia with Japan’s Nikkei dropping but Chinese stocks advancing give investors little firm direction in Europe. Japan’s GDP fell short of expectations for the 2Q, in at 2.6% on an annualised basis versus […]
Today, EUR/JPY is still in the downside situation; it was indicated by that all the three moving averages have still formed the “Death Cross Pattern” but now this currency is held by the EMA 34 as its dynamic resistance. RECOMMENDATION: SELL Stop (Pending Order) at 128.49. Stop Loss at 128.59. Take Profit at 128.35. Best […]
Weekly pivot point: Trading recommendations: According to the previous events, the price of the GBP/USD pair is still between the levels of 1.5495 and 1.5530. The descending movement will probably be lower than the 1.5650 level with the first targets at 1.5430 and 1.5350. Buy deals are recommended above the 1.53 level with targets […]
Weekly technical levels: Trading recommendations: According to previous events, the price has still been trapped between 1.3340 and 1.3290. Buy above 1.3240 with the first target of 1.3290, it might resume to 1.34 in order to form double top. Below 1.3415 look for further downside with 1.3300 and 1.3253 targets. General idea about […]
General idea about the weekly pivot point, resistances and supports: 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 […]
Daily chart: CL made a bullish rebound at the support level of 103.85. Now, CL is trying to climb to the resistance at 106.70. If CL manages to break that level, it is expected to rise to the level of 109.93. On the other hand, we must consider CL could fall back to support at […]
Daily chart: USDJPY is strengthening its bearish trend and now, it is forming a higher low pattern, above the support at the level of 96.38. If the pair manages to break that level, it is expected to fall to the level of 94.53. This pair will look for the moving average of 200, because this […]
Weekly graphic USD/CHF is trading at 0.9288 now after having broken a major support zone located at 0.9277 with the line 4/8 (blue line) during the previous week. This allows us to see that the pair is still in a sales area, plus the minimum reached during last week was 0.9173. Since line 3/8 of […]
Today’s technical levels: Resistance. 3 : 96.70. Resistance. 2 : 96.52. Resistance. 1 : 96.32. Support. 1 : 96.09. Support. 2 : 95.90. Support. 3 : 95.71. DESCRIPTION: Please, pay attention to the levels of support 3 (95.71) and resistance 3 (96.70). Normally, when a level is touched, USD/JPY rebounds from the […]
Today’s technical levels: Breakout BUY Level: 1.3403. Strong Resistance: 1.3395. Original Resistance: 1.3382. Inner Sell Area: 1.3369. Target Inner Area: 1.3338. Inner Buy Area: 1.3307. Original Support: 1.3294. Strong Support: 1.3281. Breakout SELL Level: 1.3273. DESCRIPTION: Today, EUR/USD has support and resistance at 1.3294 and 1.3382. The rate is accompanied by strong support at 1.3281 […]
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 […]
EURUSD: This pair went upwards last week, testing the resistance line at 1.3400 before bouncing downwards. The downward bounce is deemed a correction in an uptrend, especially as long as the price is above the support line at 1.3300. The price may go upwards again to test the mentioned resistance line. USDCHF: This currency instrument […]
