Technical outlook and chart setups: Il looks that the metal is initiating a possible retracement as well as Gold. The levels of interest are 22.00/21.00 as depicted in the chart. It is recommended to initiate short positions on a small pullback towards the 24.70/80 levels with a risk around 26.00 to take advantage of the […]
Technical outlook and chart setups: The metal seems to have begun retracement now. Resistance seems fixed at the 1,430/32 levels, which should remain utill the counter-trend is in place. It is recommended to initiate sell positions around 1,420.00 with risk above 1440.00 to take advantage of the counter-trend. The chart setups are playing out a […]
Technical outlook and chart setups: The currency pair has ticked up from the support of the short-term falling trendline as depicted here. Short-term resistance shall be faced around these levels but a push through the 131.00 levels would confirm reversal towards fresh highs. Initial support is at 129.00, followed by 128.00 and 125.00, while resistance […]
Technical outlook and chart setups: The currency pair bounced off the expected support area between the 1.42/1.43 levels as it was discussed yesterday. The probability of bullish reversal may be unfolding at the moment that could drag prices higher upto 1.49 levels atleast. Hence it is recommended to initiate long positions now, with a risk […]
The U.S. dollar was evidently the biggest gained on Wednesday against most major currencies as investors took to the safe haven status of the USD in the light of alot of uncertainty in markets across the globe. Geopolitical turmoil in the Middle East, is unsettling markets on fears of military intervention in Syria. Risk currencies […]
Overview According to yesterday’s expectations, the price’s close below the Resistance level 25.00 will give new opportunities for sell signals. Currently the metal has already managed to close below the Resistance level to trade below and open the way towards 24.40 as first target, then the metal must test the Support level 23.90 to […]
Overview As it was expected yesterday, we should make the decision after breaking the Support area 151.00-150.30 and closing 4H below. As shown on the H4 chart, the pair failed to break this Support area yesterday and bounced from it again to reverse its bearish move taking an upward movement and currently is approaching […]
Daily chart Yesterday, it was a day of gains for the franc and the U.S. dollar had to give way to a further fall to 0.9170 trading very close to the line 3/8 (green line). But this morning the pair is trading back near the opening level of the session. Yesterday, it recovered almost 100% […]
Disappointing U.S. housing data on Wednesday showed the Pending Home Sales Index fell 1.3 percent in July, the second monthly decline in a row. Expectations were for pending home sales to rise by 0.2 percent, to improve from June’s decline of 0.4 percent. Rising home prices are having an impact on home purchases, especially in […]
Trading recommendations: NZD/USD: According to the previous events, the price has still been trapped between 0.7800 and 0.7775 Buying: Buy above 0.7655 with the first target of 0.7730, it might resume to 0.78. Selling: Swing trade at 0.7825 in order to sell with a traget of 0.7753, then it will continue towards 1.7670. Intraday […]
Consolidation above the previously broken downtrend depicted in the chart goes on for the 10th day in a row. This took place after finding solid supply around 1.3200. The previous weekly candlestick had a small bullish body representing failure of the bulls to close above the high of the precceeding weekly candlestick at 1.3380, which applied bearish pressure […]
Trading recommendations: According to the previous events, the price of the EUR/USD pair is still between the levels of 1.3377 and 1.3340. Moreover, it should be noted that the market was so stable and the trend was also too clear (downward). Similarly, the range was around 125 pips last week. Additionally, the value of 61.8% […]
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 […]
The USD/CAD pair rose steeply approaching the key resistance level of the ascending channel around 1.0530 as depicted in the chart. This happened when the pair 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 […]
Overview: Since our last analysis, the EUR/NZD pair has been trading upwards, as we expected, the price tested the level of 1.7273 and also our first short-term target is at the level of 1.7100 on high volume. The current situation in (4H) timeframe is that we have got upward move on increasing volume. That is […]
The dollar was given an opportunity to rebound against the yen after the Japanese currency fell on comments by the Bank of Japan Deputy Governor Kikuo Iwata on monetary policy. Iwata spoke to business leaders at a meeting in Kyoto on Wednesday, reiterating that the Bank of Japan aims to achieve a 2 percent inflation […]
Overview: Since our last analysis, Gold has been trading upwards, the price tested the level of 1,433.30 on high volume. We are still, likely, to see testing the weekly FE level of 161.8% at the price of 1,151.00. I saw demand bar on low volume, according to the daily chart. That is the sign that […]
The Dollar Index could not break above resistance for another day. Prices fell towards the 61,8% Fibonacci retracement and we now observe a small bounce off that price level. This could be the start of a new upward move, but we need to see more evidence in order to confirm a trend reversal. Prices need […]
Gold continues to make higher highs and higher lows. The support levels are being tested but only the resistance ones are broken. This is indicative that the upward trend dominates. The price reached our upper target levels near 1,430. The trend remains upward, but we feel that bulls should be very cautious. Raising their stops […]
The dollar was given an opportunity to rebound against the yen after the Japanese currency fell on comments by the Bank of Japan Deputy Governor Kikuo Iwata who said quantitative easing will continue. USDJPY bounced back up to 97.58 yen in the European session, moving off a two-week low of 96.80 that was hit in […]
USD/CAD Elliott wave For few days the USDCAD pair has been trading downwards. This movement has a corrective structure and we are counting this drop as corrective wave .4 wave (coloured green) of the bigger wave C (coloured blue). Yesterday, during the Asian and European sessions we could observe an ascending movement from 1.0500 towards the 1.0539 level […]
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:EUR/USD. April 26th. Bulls continue to advance after the GDP… April 26, 2024 The EUR/USD pair on Thursday rebounded from the corrective level…Weekly Forex Outlook: 26/04/2024 – Hawkish risk as Fed […]
AUD/USD Elliott wave Since our last analysis the AUDUSD pair has been trading downwards, corrective wave .y (coloured green) of the bigger wave D (coloured blue) has been developing. Yesterday, during the Asian and European sessions we could observe descending movement from 0.9010 towards the 0.8932 level. Therefore, during the New York session this major currency continued trading in the bearish […]
Wave analysis: Yesterday, the GBP/USD pair started the day with a decline. However, the break of the level of figure 55 led to a dynamic rebound from the low of the day (1.5480). Meanwhile, the wave structure, which was observed after yesterday’s downward movement, suggests that the currency pair came into the stage of formation […]
Technical outlook and chart setups: Similar to Gold, the white metal has also exceeded expectations and gone up to 25.00 now, taking out the major resistance as depicted in Daily chart. It is recommended to book profits on long positions taken earlier (aggressive trade setup suggested), and remain flat for now. Most probably, a pullback […]
Technical outlook and chart setups: The metal has exceeded the levels of 1,420/25.00 now. It is recommended to book profits on long positions taken earlier (aggressive trade setup suggested earlier). A major resistance in daily chart has been taken out by bulls and hence a pullback should materialize any moment before further rally. Higher resistance […]
Yesterday, the major driving force of the markets decline was rising tension in the Syrian conflict. The DFM General Index, index of the Dubai’s stock market dropped 7%. Strong data on Ifo Business Climate Index in Germany in August (107.5 vs. forecast for 107.1) did not help the euro and the growth of the euro […]
Technical outlook and chart setups: The currency pair is moving in a triangle as it is depicted in the daily chart. It looks like the pair is bottoming around 129.50/130.00 for now. Furthermore, this is also fibonacci 0.618 support level. A bullish bounce should be encouraging long positions further and pushing the price higher towards […]
General overview for 28/08/2013 07:45 CET: After hitting 261%FiboExt at 129.63, the price has started to consolidate in the area of 130.28 – 129.63. The Hidden Bullish Divergence on H1 RSI(14) indicates a possible upward price action as well as a possible wave X brown can develop. The first resistance is the techenical level of […]
Technical outlook and chart setups: The currency pair is trading at the lower end close to the 1.42 levels for now. It is recommended to book profits on short positions taken earlier between the 1.44/1.45 levels. Two scenarios seem to be possible for now and, hence, staying flat is recommended. Looking into the overall trend […]
