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 […]
On Monday, the US dollar was strengthening and consequently, the pound dropped. The British currency lost 42 points. Today at 12:30 data on Inflation in the UK is published. Data is expected to be mixed; it gives opportunity to expect the continuation of bearish tendency amid strengthening of the US dollar. The major marker of […]
On Monday, the euro dropped 40 points amid fears about additional monetary stimulus to Greece, increased demand for the US dollars due to talks about China’s stimulus programs, drop of India’s Industrial production (-2.2% vs. expectations -1.1%, yoy), and weak data on Japan’s GDP in the second quarter (0.6% vs. expectations for 0.9%). Today at […]
August 13th, 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist European markets have opened higher this morning, as investors looked ahead to a slew of major economic data releasing today from the US and Eurozone to determine the health of the global economy. Closer home, investors await region’s inflation data, which is expected to […]
Daily Graphic Crude oil has remained bullish recovery today although slight movements of about 37 pips from the opening and closing of the market. However, some analysts conclude that the general fundamentals do not support the current price levels since the EIA just a few weeks ago said the average oil price of $ 93 […]
Daily chart: The USDX is trying to break the resistance at 81.50 and if it succeeds, it is expected to rise to the level of 82.51, in the medium term. However, we must emphasize that it is very likely that the USDX is forming a higher low pattern, to continue falling. If the USDX makes […]
Daily chart: GBPUSD bounced off the resistance level at 1.5506 and now this pair is falling below the 200-day moving average and is expected to fall to support at 1.5407. If the pair manages to break that level, it is expected to fall to the level of 1.5266. However, the bullish trend is still very […]
General overview for 13/08/2013 07:00 CET: The price has stucked in consolidation mode between levels of 1.0273 – 1.0315 and is still trading below the Weekly Pivot level. Small real bodies of the candles suggest a lack of trading activity during the night. So far there isn’t much of an impulsive bullish price action yet, […]
Today, in the 60 minutes charts the EUR/JPY has already traded above the EMA 100 (green), even the EMA 14 (red) position is above the EMA 34 (blue) but both of this EMA still in the bellow EMA 100; this means the EUR/JPY have a reversal momentum to the upside but still have a potential […]
Technical outlook and chart setups: The metal rallied from 1,340.00 levels yesterday just to meet the backside of the rising trend line; as depicted here. This would act as resistance now and indicates that next bearish leg should resume soon. 1,350.00 levels remain key resistance here and a push through that would confirm further upside […]
Technical outlook and chart setups: The currency pair is bouncing from the convergence level discussed on Friday. Yesterday, there was an engulfing bullish signal, indicating further uptrend. It is recommended to remain long from Friday and maintain trading strategy on buying at dips from here to upwards. Immediate support now is a 128.00 area, followed […]
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 […]
General overview for 13/08/2013 06:30 CET The price has broken out of the channel and is about to test the last resistance level at 129.80. This zone looks like strong resistance due to a confluence of technical levels, 50%Fibo, supply zone and WR1. It is possible for a price to get through this zone, but […]
Yesterday, the Euro in the Week opening left a gap that was covered at the beginning of the day, after it had a significant correction to the levels of the 15-day moving average, now we see that this bouncing, hope this stops at 1.3360 area, given that today’s European session will be unveiled German ZEW […]
Technical outlook and chart setups: The metal has raised through the resistance at 21.50. As it is depicted here, this area is re-enforced by fibonacci trend and counter trend convergence at 21.00/30 respectively. It is now recommended to initiate short positions with a stop above 22.50. A push through 22.50 at this juncture would be […]
The Pound started the week with a downtrend mainly due to the strength of the U.S. dollar, although we note that the pair is back right now, but still the trend continues upwards in the short term, because if you look at the indicator Momentum which is above the MACD, which is most likely an upward […]
The Australian Dollar has found strong resistance at 0.9220, where bears have started to dominate, observing indicators of the graph, we note that the Momentum indicator is now in sales area, which indicates a new wave bass for the next session, maybe for continuation or correction, before, it must overcome and quote below the psychological […]
TODAY’s TECHNICAL LEVELS: Resistance. 3: 97.80. Resistance. 2: 97.61. Resistance. 1: 97.41. Support. 1: 97.18. Support. 2: 96.98. Support. 3: 96.79. DESCRIPTION: Please, pay attention to the levels of support 3 (96.79) and resistance 3 (97.80). Normally, when a level is touched, USD/JPY will rebound from the previous minimum by 10 to 20 pips, but […]
TODAY’s TECHNICAL LEVELS: Breakout BUY Level: 1.3355. Strong Resistance: 1.3347. Original Resistance: 1.3334. Inner Sell Area: 1.3321. Target Inner Area: 1.3290. Inner Buy Area: 1.3259. Original Support: 1.3246. Strong Support: 1.3233. Breakout SELL Level: 1.3225. DESCRIPTION: Today, EUR/USD has support and resistance at 1.3246 and 1.3334. The rate is accompanied by strong support at 1.3233 […]
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 […]
