Overview: Gold is up trend over the mid to long term. I placed Fibonacci Expansion levels to find potential end of correction. We got swing A at price 1,920.00, swing B at price 1,521.00, swing C at price 1,795.00 and potential swing D and FE 161.8 % (potential end of correction) at price 1,151.00. Since […]
Most risk currencies and commodities as well as equities saw some recovery in the European session after recent losses as a result of concerns of liquidity conditions following developments from U.S. and China central banks in the past few days. There’s been a bit of profit-taking on dollar gains and the ICE dollar index retreated […]
USD/CAD Elliott Wave Since our last analyses the USD/CAD pair has been trading downwards, just like we expected, corrective wave 4 (coloured blue) of the bigger wave [1] (coloured red) has been developing. During the Monday’s Asian and European sessions we could observe ascending movement from 1.0467 towards the 1.0554 level and we can consider […]
AUD/USD Elliott Wave Since our last analyses the AUD/USD pair has been trading upwards, corrective wave 4 (coloured blue) of the bigger wave [3] (coloured red) has been developing. Yesterday, during the Asian and European sessions we could observe descending movement from 0.9250 towards the 0.9147 level and we can consider this move as the […]
Overview: Since our last analysis Gold has been trading in sideways move around price 1,284.00, we are waiting for our second short-term target level to be tested. We are now heading to test FE 100% at price 1,221.00 (second short-term target), according to the daily chart. I saw decreasing volume in the previous move up […]
Overview: Since our last analysis the EUR/NZD pair has been trading sideways move around price 1.6900, we are still waiting for a larger move. I placed Fibonacci expansion level for future up and I got FE 61.8% at price 1.7500. Since we broke level 1.7106 (previous swing high), we may expect future up. Current situation […]
EURUSD: The bias on this pair is towards the downside – though the market has been trying to edge upwards this week. This could be a good opportunity to sell short as the price rallies in the context of the extant downtrend. Any retracement above the resistance line of 1.3200 would be a threat to […]
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 08, 2024 April 8, 2024 Potential for the breakout on the USD/JPY…. The material has…Market Comment – Stocks climb after sizzling US jobs report April 8, […]
We are glad to announce the latest free forex seminar especially organized for XM clients on 23 June 2013 in Milan, Italy. With the participation of financial psychology, trading and investment expert Roberto Pesce and forex trading and technical analysis professional Massimo Golfarelli, XM clients were presented the exclusive opportunity to attend a free forex […]
On Monday, the price has technically closed the gap at the opening of the week and now it is ready to continue downward movement amid the rise in demand for US dollar as safe-haven asset. Today at 12:30 GMT+4 data on UK BBA Mortgage Approvals in April is published, forecast 33.1K vs. 32.2K in March. […]
China still dominates the news and is weighing on market sentiment as investors fear that a cash squeeze in the world’s second largest economy could affect economic growth. Risk appetite was dampened as the Shanghai stock exchange tumbled more than 6 percent to the lowest since 2009, the worst in four years. China’s short-term cash […]
Major events from Monday were as follows: Ifo Business Confidence in Germany in June was lower than forecast. The Ifo institute’s Business Climate Index was 105.6 vs. forecast for 106.0, Current Assessment was 109.4 vs. 109.6, figures of Expectations index were 102.5 vs. 102.0. Yields on US Treasuries and European bonds rose, it increases demand […]
FOREX Daily Outlook by Easy-Forex.com Gold on bearish outlook The euro (EUR) continues to slide against the US dollar (USD) as the pair trades at just above 1.3080. The single currency has found strong resistance at 1.3140 after it had risen from a 6 month low. The pair is heavily influenced by fundamentals such as […]
Read the Daily Market Report from Dave Evans, Professional Trader China Crunch Intensifies Morning Report: 08.45 London • This morning the troubles in China have continued, with the Shanghai Composite trading lower by 5.1%. There were also reports of outages in Chinese cash machines adding fuel to the disquiet within the Chinese […]
Technical outlook and chart setups: A weekly chart has been depicted here for the overall wave structure. The metal is trading between the 0.618 and 0.786 Fibonacci levels of the entire rally between 10.00 to 49.00 in recent years. A convergence is rather seen at 17.00 level (also the 0.786 Fibonacci level). It is expected […]
Technical outlook and chart setups: The metal has crashed down towards the 0.5 Fibonacci support levels of the rally between 680.00 to 1,900.00 level on the weekly chart depicted here. As seen here, a Fibonacci convergence is seen around 1,270/80 levels, which can produce a bullish bounce/reversal. If not at current levels, the metal is […]
Technical outlook and chart setups: The single currency pair has hit the sloping line of resistance recently at 130.00 level and bounced back. Immediate resistance is at 131.00, followed by 132.00 and 134.00 on the higher side; while support is at 119.50 level. It is probable that the single currency pair continues to drift lower […]
Technical outlook and chart setups: The single currency pair is bouncing off ahead of 1.4300 level recently, as seen here. This region is also marked by the Fibonacci 0.618 support of the rally from 1.4075 to 1.4800 recently. If this region holds well, it would be constructive for bulls, and a rally towards 1.5150 would […]
Today’s Support and Resistance levels: R3: 1.7160 (1st target for black wave v) R2: 1.7113 R1: 1.7033 Current Spot: 1.6977 S1: 1.6950 S2: 1.6897 S3: 1.6825 (top of red wave i) Technical overview: As important support at 128.25 (top of red wave i) protected the downside we are now looking for a break above resistance […]
Daily chart: The GBPUSD pair attempted to break the support at the 1.5407 level but failed. Now, this pair is approaching the resistance at the level of 1.5506. Most likely, GBPUSD is forming a higher low pattern. If GBPUSD manages to break the support at the 1.5407 level, it is expected to fall to the […]
Daily chart: The USDX is trying to break the resistance at the 82.51 level. For now, it is very possible that the USDX forms a lower high pattern. The USDX remains above the 200-day moving average and if the USDX can break this resistance, it would be expected to rise to the level of 83.22. […]
Weekly technical levels: Overview: GBP/USD: According to the previous events, the price has still been trapped between 1.5440 and 1.5410, then it should be noted that the range today will be around 110 pips. Consequently, the trend on the time frame H1 is called for a bearish market at the level of 1.5510. Hence, […]
Overview: NZD/USD movement will be continued straight from 0.7603 (on daily chart 11% of Fibonacci retracement levels). Therefore, the Kiwi is showing signs of strength, following the break of the highest level of 0.7603. So it will be a good sign to buy above the level of 11% of Fibonacci retracement levels on daily […]
TODAY’S TECHNICAL LEVELS: Resistance 3: 98.42. Resistance 2: 98.23. Resistance 1: 98.04. Support 1: 97.80. Support 2: 97.61. Support 3: 97.41. DESCRIPTION: Please pay attention to the levels of support 3 (97.41) and resistance 3 (98.42). 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: 1.3200. Strong Resistance: 1.3192. Original Resistance: 1.3179. Inner Sell Area: 1.3166. Target Inner Area: 1.3135. Inner Buy Area: 1.3104. Original Support: 1.3091. Strong Support: 1.3078. Breakout SELL Level: 1.3070. DESCRIPTION: Today EUR/USD has support and resistance at 1.3091 and 1.3179. The rate is accompanied by strong support at 1.3078 […]
June 25th 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist European share markets are rebounding this Tuesday morning, shrugging off declines in overseas markets. The risk-tone has improved somewhat after Dallas Federal Reserve head Fisher attempted to downplay the markets’ reaction to central bank tapering saying was overdone. There was some respite for US […]
Today’s support and resistance levels: R3: 129.69 R2: 129.22 R1: 128.68 Current Spot: 128.15 S1: 127.85 S2: 127.28 S3: 126.76 Technical overview: With the break below support at 128.14, we have had confirmation that a top is in place and a new decline towards important support at 124.96 is ongoing. Only a break below support […]
For today, EUR/JPY is already moving in a ranging situation between 128.00 to 128.75. RECOMMENDATION: Buy stop (pending order) at 128.76. Take profit at 128.90. Stop loss at 128.66. Alternative: Sell stop (pending order) at 127.99. Take profit at 127.85. Stop loss at 128.09. Best regards, Arief Makmur Official Analyst of InstaForex Group InstaForex Group […]
Overview: GBP/JPY is in range-trade. The rate is undermined by weaker euro sentiment; Japan exporter sales. But GBP/JPY downside is limited by buoyant USD/JPY undertone; demand from Japan importers. Daily chart is mixed as MACD bearish; but stochastics is in bullish mode. Trading recommendations: The pair is trading below its pivot point. The pair […]
The AUD/UDS has reached the minimum of 2010. This pair is starting to worry investors. A few months ago when all other pairs were falling against the dollar it was strengthening. However, the story has changed, the fact that it has reached monthly support levels shows that the recovery of the pair is on the […]
