Overview: Since our last analysis, the EUR/NZD pair has been trading sideways around the price of 1.6542, we are still waiting for a larger move and future uptrend. Since we have got our first short-term target at the level of 1.700 I have placed Fibonacci expansion to find next target level and I have got […]
USD/CAD Elliott Wave Since our last analysis the USDCAD pair has been trading upwards, just like we expected, we can say that the bullish move from 1.0275 is complex correction in the 2 wave (coloured blue). Yesterday, during Asian and European sessions we could observe an ascending movement from 1.0301 towards 1.0336. Therefore, during the New […]
General overview for 14/08/2013 10:30 The pattern that fits the most to the current corrective wave (ii) is (a) (b) (c) Irregular Flat pattern and currently I’m looking for a potential top for the last wave (c) of wave (ii) to enter a short position for the best possible price. There are two scenarios here […]
AUDUSD Elliott Wave For the last few days the AUDUSD pair was trading downwards with a lot of overlapping and we think that bearish move from 0.9221 is correction X of wave (coloured blue) of the bigger (4) wave (coloured green). Yesterday, during the Asian session we could observe ascending movements from 0.9100 towards 0.9147. Therefore, during the […]
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 04/09/2024: EUR/USD, GBP/USD, Oil and Bitcoin… April 9, 2024 We introduce you to the daily updated section of Forex…Video market update for April 09, 2024 April 9, 2024 Potential […]
The Dollar Index was influenced positively by the sharp decline in EURUSD and the sharp rise in USDJPY. It has reached our first short-term target at 81.75. The price moves upwards impulsively and we take into consideration the fact that both EURUSD and USDJPY move impulsively in favor of the dollar, then we should expect […]
Gold prices broke down yesterday from the upward sloping trend line that supported the short term uptrend at 1,331. The price fell towards the support at 1,315 and the fact that the price got rejected once again at 1,340-50 is a bearish sign. The price are moving downwards and bulls should be exited when it […]
Yesterday, data on inflation in the UK in July was a bit lower than forecast. Core Consumer Price Index was 2.0% vs. forecast for 2.3%. Consumer Price index was 2.8% against a wide range of expectations 2.3%-2.8%. The pound was under considerable speculative pressure on high volumes and it closed the day at the same […]
Yesterday, data on the Eurozone and the US was better than expected. Industrial production in the Eurozone in June grew 0.7% (forecast 1.1%, but figures from May were negative, -0.2% (revised upwardly from -0.3%), which can be considered as a positive factor. ZEW Survey (Economic Sentiment) in August grew up to 44.0 vs. expectations for […]
General overview for 14/08/2013 10:00 CET Yeasterday’s range has been broken to the upside and the price has managed to hit 50%Fibo at 1.0358 on its way up. Currently, the technical support level of 1.0347 is being tested and and if the test is successful, higher prices are anticipated. Nevertheless, the wave progression has not […]
XM has recently launched an islandwide public appeal to all those who wish to contribute to the common good to join the live music event initiated by Act Big! Charity Movement in Larnaca, Cyprus, between 7-8 September 20013. The fundraising charity music event organized by Act Big! is by far the most significant in Cyprus […]
EURUSD: There is a new ‘sell’ signal on this pair, following the bearish Confirmation Pattern that happened as a result of perpetual weakness in the pair. The price line at 1.3250 is under siege and would probably be breached to the downside as the current bias holds. USDCHF: The current bias on this market – […]
Daily chart: CL is forming a lower high pattern, below the resistance level of 106.70. It is likely that CL will find resistance at this level, however, there is also a possibility that it may break, because CL is very strong in its current bullish trend. If the CL manages to break that level, it […]
Daily chart: This pair continues to fall below the-200 day moving average and is about to touch the support level at 1.5407. This level is very important in the GBPUSD’s bullish trend, because this could slow the current drop of this pair, but if an abrupt bearish break reaches this level, it is expected to […]
August 14th, 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist German and French growth figures ahead of the European market enthuse investors Wednesday morning. Q2 GDP figures out of Germany were much stronger than anticipated by the market, in at 0.7% on the quarter versus expectations of 0.6%. France’s Q2 GDP figure comes in […]
TODAY’s TECHNICAL LEVEL: Resistance. 3: 98.72. Resistance. 2: 98.52. Resistance. 1: 98.33. Support. 1: 98.09. Support. 2: 97.90. Support. 3: 97.70. DESCRIPTION: Please, pay attention to the levels of support 3 (97.70) and resistance 3 (98.72). Normally, when a level is touched, USD/JPY rebounds from the previous minimum by 10 to 20 pips, but if […]
TODAY’s TECHNICAL LEVEL: Breakout BUY Level: 1.3329. Strong Resistance: 1.3321. Original Resistance: 1.3308. Inner Sell Area: 1.3295. Target Inner Area: 1.3264. Inner Buy Area: 1.3233. Original Support: 1.3220. Strong Support: 1.3207. Breakout SELL Level: 1.3199. DESCRIPTION: Today, EUR/USD has support and resistance at 1.3220 and 1.3308, respectively. The rate is accompanied by strong support […]
Now EUR/JPY has a good uptrend as long it do not touch the EMA 100 (green) it still has a good and steady trend; for today, this pair will test the dynamic support at the EMA 34 (blue), if this level can hold the down movement from this currency, then this currency will continue the uptrend. […]
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 […]
Overview As it was expected last week, Silver would take an upward move after outing from the bearish channel and breaking its upper boundary last week. Currently the metal is testing the Resistance level 21.80 trying to break it through to continue its bullish move. More buy signals would be provided in case of closing […]
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 […]
Overview Today’s H4 chart shows that the pair might take a new bullish signal after it opened above 150.00 level with the beginning of the current week, as it was expected. Today the pair took an upward movement and managed to reach the resistance level of 152.00 trying to break it through to continue the […]
Supply levels: 1,340.20, 1,370.40, and 1,423.30. Demand levels: 1,322.00, 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 […]
Overview: USD/CHF: The price has been set below strong resistance at the level of 0.9332 (100% of Fibonacci retracement levels in H1 chart). It should be noted that the price has still been trapped between 0.9330 and 0.9290. Moreover, it is worth noting that these levels are coinciding between 100% and 78% of Fibonacci […]
NZD/USD: Resistance: 0.8150 (sell below this level). Support: 0.7830 (buy above this level for retesting this level for a short period). Double bottom will set at the level of 0.7736. Double top will set at the level of 0.8056 Trend: upward (the trend still calls for a bullish market). Range: 320 pips (weekly). […]
Overview: Since our last analysis, Gold has been trading sideways around the price of 1,328.00, we are waiting for a deeper downward movement. We are still, likely, to see testing of the weekly FE level of 161.8% at the price of 1,151.00. I saw no demand bar on very low volume, according to the daily […]
Overview: Since our last analysis, the EUR/NZD pair has been trading sideways around the price of 1.6620, we are still waiting for a larger move and future uptrend. Since we have got our first short-term target at the level of 1.700 I have placed Fibonacci expansion to find next target level and I have got […]
EURUSD: EURUSD is still in the bullish mode, irrespective of the fact that the bullish outlook is in a serious jeopardy. It can be seen that the price has been currently rested on the EMA 56, while the Williams’ % Range has gone into the oversold territory. As long as the price fails to breach the […]
The Dollar Index held its support levels as we expected yesterday and is rising towards our first target at 81.70. We were looking for a low around this area for a long time and it seems that another upward move has started in the Dollar Index. The short-term trend may change to upward one but […]
Gold reached 1,343 resistance area yesterday and pulled back down towards 1,336. Prices are moving upwards in an impulsive pattern giving increased chances to the scenario that a new high above 1,349 will be seen. Trend remains up for the short term and resistance is found at 1,349 after 1,343. If resistance is broken our […]
