Overview: GBP/JPY–to trade with risks skewed higher. Supported by diminished risk aversion; demand from Japan importers. But GBP/JPY gains tempered by Japan exporter sales; negative euro sentiment. Daily chart still negative-biased as MACD & stochastics in bearish mode; five-day moving average staged bearish crossover against 15-day MA. Trading recommendations: The pair is trading above its […]
General Overview for 02/09/2013 10:00 CET: Two possible scenarios still in progress: the difference is whether triandle wave E has been done already OR if it still is in progress. SCENARIO 1: MAIN COUNT – Price has made the low for a possible wave D of the triangle and now wave E is in developing […]
Overview: USD/JPY–to trade with bullish bias. Liquidity thin later in global day as financial markets in U.S. are shut for holiday. USD/JPY underpinned by yen-funded carry trades and reduced safe-haven appeal of yen as risk aversion diminishes after President Obama announced he would seek Congressional authorization for any strike against Syria, calming concerns over imminent […]
Weekly technical levels: Trading recommendations: GBP/USD: According to the previous events, the price has still been trapped between 1.5595 and 1.5560. Buy above 1.5515 with the first target of 1.5570, it might resume to 1.5603. Below 1.5610 look for further downward movement with 1.5566 and 1.5525 targets. Notes: The level of 1.5609 will be […]
Weekly technical levels: Intraday trading recommendations: EUR/USD: According to previous events, the price has still been trapped between 1.3250 and 1.3200. The level of 1.3175 will indicate strong support. Moreover, the price will form a double bottom at this level (1.3175). Therefore, it will be wise to buy at 1.3175 with the first target […]
The European session on Monday was a busy one after a slew of PMI data from the Euro zone as well as from the United Kingdom. The British pound was the best performer today after the U.K. PMI registered its best reading in nearly 20 years in August, hitting 57.2 and beating forecasts. Also supporting […]
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:Powell made a bold point, and Bailey did not report anything… April 18, 2024 Tuesday was interesting not only with a whole series of…Market continues to price in a plethora of […]
The final Euro zone Manufacturing PMI index hit a 26-month high of 51.4 in August, up from July’s 50.3 Germany, which is Europe’s largest economy, showed impressive activity in its manufacturing sector as its PMI hit a 25-month high. All Euro zone member countries with the exception of France showed improved PMIs and all countries […]
Technical Outlook and Chart Setups: The single currency pair remains under triangle consolidation for now, as depicted on the daily chart view. This seems to be probable last leg before break out. Resistance is lined up at 132.40/50, followed by 133.80/134.00; while support is seen at 129.00, followed by 128.00, 125.00 and 119.00 as strong […]
Technical Outlook and Chart Setups: The single currency pair has rallied past the sloping downtrend line for now. A bullish candle appearance here would confirm a break; which could extend the rally further higher above 1.46. Immediate resistance region is 1.45/1.46, followed by 1.48, and strong resistance at 1.5 as depicted here. Support is at […]
Graphic weekly After a week of sustained bullish USD / CHF we can say that we are in an uptrend in the coming weeks, since according wings Murrey lines the previous week the price found support around 0.9155 where it is located on line 3 / 8 (green line) that is has to be the […]
Daily chart: The USDX remains consolidating above the SMA 200, forming a lower high pattern above this SMA 200. Last week, we said that the USDX could rise to resistance at the 82.51 level, but this would be a very difficult scenario to occur, due to the global uncertainty, for a possible U.S. military intervention […]
Weekly Graphic As we begin this first week of September, the markets are full of uncertainty and we can see in the weekly charts crude oil is already showing some volatility. A possible air attack on Syria and the jobs report in August will contribute to this volatility after the holiday to the U.S.. Notwithstanding […]
Daily chart: This pair has made a bullish rebound on the moving average of 200 and the beginning of the week, it opened with an upward gap. However, it is known that the GBPUSD could fall back to the support at 1.5506 level, because this has to fill the space left by the gap. If […]
Today’s Support and Resistance Levels: R3: 1.7116 R2: 1.7071 R3: 1.7013 Current Spot: 1.6954 S1: 1.6943 S2: 1.6912 S3: 1.6869 Technical Summary: Minor wave four of the c wave became it self an complex expanded flat correction, with a b-wave low at 1.6960 and a c-wave high at 1.7116. The big question whether wave […]
Today’s Support and Resistance Levels: R3: 131.37 R2: 131.04 R1: 130.56 Current Spot: 130.27 S1: 129.67 S2: 129.30 S3: 129.00 Technical Summary: We saw short term important resistance at 130.56 protect the upside for one more decline towards support near 129.25. The low for now has been 129.30 and we could have the final low […]
Even EUR/JPY already have a Bearish movement, but since US market closed yesterday Friday this pair have a retracement to the upsides until today; however please pay attention for the 130.25; if this level can be breach, they have a chance to break the previous downside movement. RECOMMENDATION : SELL Stop (Pending Order) @ 129.74. […]
TODAY’s TECHNICAL LEVEL : Breakout BUY Level: 1.3274. Strong Resistance: 1.3266. Original Resistance: 1.3253. Inner Sell Area: 1.3240. Target Inner Area: 1.3209. Inner Buy Area: 1.3178. Original Support: 1.3165. Strong Support: 1.3152. Breakout SELL Level: 1.3144. DESCRIPTION : Please, pay attention to the levels of support 3 (98.00) and resistance 3 (99.01). Normally, when a […]
TODAY’s TECHNICAL LEVEL : Breakout BUY Level: 1.3274. Strong Resistance: 1.3266. Original Resistance: 1.3253. Inner Sell Area: 1.3240. Target Inner Area: 1.3209. Inner Buy Area: 1.3178. Original Support: 1.3165. Strong Support: 1.3152. Breakout SELL Level: 1.3144. DESCRIPTION : Today EUR/USD has support and resistance at 1.3165 and 1.3253. The rate is accompanied by strong […]
Technical Outlook and Chart Setups: Similar to Gold, the white metal is pulling back at the moment only to find resistance ahead of 25.00 levels. It is recommended to remain short on earlier positions for now and also add after pullback ends. Immediate resistance is around the 25.00 region while support is around 22.50 for […]
Technical Outlook and Chart Setups: The metal opened gap down today and is pulling back at the moment. Expect this pullback to continue for a while before it reverses lower for a continued counter trend. Resistance region is 1435/40 for now and a lower high ahead is expected to be formed today or tomorrow. It […]
Overview: USD/JPY–to trade in higher range. Underpinned by positive dollar sentiment (ICE spot dollar index last 82.00 versus 81.43 early Thursday) after U.S. 2Q GDP was revised up more than expected to a 2.5% annual rate (versus +2.2% forecast) from an initial estimate of 1.7%, while latest U.S. weekly jobless claims fell by 6,000 to […]
Daily Graphic In 1-day charts note that during yesterday’s session the Swiss franc remained overshadowed by the escalation of the U.S. dollar, giving an approximately 87 pips from the opening price and the closing of the session. Not even the good jobs data could boost the franc, employment level rose to 4.17 million, which not […]
EURUSD: The EURUSD fell by roughly 170 pips last week, closing at 1.3222. There would be some short-lived bullish attempts this week, but the general outlook remains bearish. There is a resistance line at 1.3300, and whereas the price may reach the support line of 1.3100. USDCHF: This pair is a bull market which has […]
Overview According to our last expections, the price’s close below the bullish trend line and the Support level 23.90 will give new opportunities for sell signals. Currently the metal has already managed to close below the Support level to trade below and open the way towards 22.80 as first target, then the metal must […]
Overview From the today’s H4 chart, yesterday’s closing below the Resistance level 152.85 gives the price an opportunity for a bearish move. As shown here, currently the price is trying to continue its bearish move by breaking the Support level 151.00 and closing 4h below. In that case we may get another opportunity for […]
Strong bullish sentiment was expected to be found at the support zone around 1.4830, which pushed the pair to the upside reaching 50% Fibonacci level around 1.5275, 1.5400 corresponding to 61.8% Fibonacci level, then 78% Fibonacci around 1.5533. Some bearish rebound took place off 1.5400 towards 1.5100, where an ascending bottom was established on August […]
Consolidation above the previously broken downtrend depicted in the chart continued for 10th day in a row before what the market expressed Yesterday took place. This took place after finding solid supply around 1.3400. The previous weekly candlestick had a small bullish body representing failure of the bulls to close above the high of the precceeding weekly candlestick […]
Strong bullish pressure was seen during retesting 50% Fibonacci, resulting in bullish engulfing candlestick extending further above 1.5400 (61.8% Fibonacci). This opened the way directly to 78% Fibonacci around 1.5550 which constituted temporary intraday resistance that held the price below for 5 days before bullish breakout took place on August 15. The cable established ascending […]
September 2, 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist. European markets have opened higher today, as data from Asia revealed an improvement in Chinese manufacturing activities and an increase in Japan’s industrial investments. US decision to consult US Congress before taking any decision about military intervention on Syria further calmed investors’ concern. Closer […]
