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 15, 2024 April 15, 2024 Potential for the further rally on USD/JPYThe material has been…Forex forecast 04/15/2024: EUR/USD, GBP/USD,USD/CAD, USDX… April 15, 2024 We introduce you […]
NZD/USD: Resistance: 0.7960 (sell below this level). Support: 0.7684 (buy above this level for retesting this level for a short period). Double bottom will set at the level of 0.7684. Trend: upward (the trend still calls for a bullish market). Range: 120 pips (weekly). […]
Daily bars, overall picture: The daily chart shows that the pair has resumed its downtrend from the lower line of the envelope model 0.93. MACD histogram is rising, stochastic is up, signifying the bullish trend. The main tendency is downtrend. However, there are no significant changes in the volumes. System analysis: We expect the continuation […]
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 […]
Yesterday data on UK Current Account in Q1 was disappointing; it dropped 14.5 billion pounds vs. forecast for -11.9 billion pounds. The pound lost 54 points. This morning strong data on Japan was published; Manufacturing PMI in Japan in June was 52.3 vs. 51.5 in May, Industrial Production in May grew 2.0% vs. forecast for […]
Wave analysis: Having rebounded from the maximum of 1.2975, EUR/USD was consolidating yesterday between the 30th figure level and 1.3050. Thus, we can probably observe now an incomplete correction figure of a would-be wave B of the downtrend which started from the high of May 19. If our projection is correct, the upward move can […]
Published on Thursday data was positive for the market. Weak auction of Italian 10-year yields, which dropped 7 basis points to 4.49%, was leveled by increased Eurozone Retail PMI in June (49.1 vs. 46.8 in May). Data on US Initial Jobless Claims was almost in line with forecast, figures of US Personal Spending were better, […]
Daily chart: The GBPUSD pair is trying to break the support at the 1.5266 level. If the pair manages to break that level, it is expected to fall to the level of 1.5159. On the other hand, it is very possible that GBPUSD makes a bullish rebound in this support, because this pair is very […]
Gold has tumbled below the key $1,200 level, reaching as low as $1180.11 in early Asian trading hours on Friday. The precious metal has lost over 28 percent in value so far this year, affected by a stronger dollar. The greenback has rebounded as a result of expectations of the Federal Reserve tapering stimulus. Until […]
TODAY’S TECHNICAL LEVELS: Breakout BUY Level: 1.3099. Strong Resistance: 1.3092. Original Resistance: 1.3079. Inner Sell Area: 1.3066. Target Inner Area: 1.3036. Inner Buy Area: 1.3006. Original Support: 1.2993. Strong Support: 1.2980. Breakout SELL Level: 1.2973. DESCRIPTION: Today EUR/USD has support and resistance at 1.2993 and 1.3079. The rate is accompanied by strong support at 1.2980 […]
EURUSD: For those who simply followed the bearish trend on the EURUSD pair, this week has seen the pair moving in the forecasted direction, irrespective of occasional counter-trend moves. There is another countertrend move right now, but it is not expected to go above the resistance line at 1.3100. USDCHF: The USDCHF pair (as slow […]
Today’s Support and Resistance levels: R3: 130.71 R2: 130.09 R1: 129.70 Current Spot: 129.05 S1: 128.64 S2: 128.37 S3: 127.90 Technical overview: The rally of the 126.57 low has been very dynamic and the fact, that we have broken above the falling channel resistance line has forced us to make a slight change in our […]
TODAY’S TECHNICAL LEVELS: Resistance 3: 99.15. Resistance 2: 98.96. Resistance 1: 98.76. Support 1: 98.52. Support 2: 98.33. Support 3: 98.13. DESCRIPTION: Please pay attention to the levels of support 3 (98.13) and resistance 3 (99.15). Normally, when a level is touched, USD/JPY will rebound from the previous minimum by 10 to 20 pips, but […]
The EU Summit concluded with deals made by European leaders on banks, the EU budget and youth unemployment. A major breakthrough was made on how to deal with bankrupt banks. The cases of Cyprus and Ireland have shown that a state can go too far when saving its banks and might then need help itself. […]
June 28th 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist European markets have opened slightly higher this morning, tracking gains in Asian and US markets and following a breakthrough deal on the Eurozone’s long-term budget and employment at the European Union (EU) summit. Earlier, the Gfk reported that its consumer confidence index in the […]
Daily chart: The Crude Oil is consolidating above the resistance at the 96.73 level. If the CL price manages to close above this resistance level, the CL can rise to the resistance level at 98.61. However, if the CL makes a bearish rebound at the current levels, it would be expected to fall to support […]
Today’s support and resistance levels: R3: 1.6848 (bottom of wave i – Should not be broken) R2: 1.6801 R1: 1.6754 Current Spot: 1.6740 S1: 1.6705 S2: 1.6665 S3: 1.6600 Technical overview: We have seen the expected minor rally higher. It went a little higher than our expected 1.6789 (the top has been at 1.6801), but […]
Since the 128.00 level was already breached yesterday, EUR/JPY started a new direction, now this currency is about to head up: all the three moving averages make a Golden Cross pattern. RECOMMENDATION: Buy stop (pending order) at 129.51. Take profit at 129.65. Stop loss at 129.41. Best regards, Arief Makmur Official Analyst of InstaForex Group […]
Strong Asian equity markets on Friday helped keep an upbeat mood in the markets, buoying risk currencies, while month-end flows as well as quarter-end and half-year flows dominated markets as investors squared positions. Demand for the safe haven yen weakened it, leading it on track for a second weekly drop versus the dollar. Japanese data […]
As a short term trader, one of the best ways to make consistent profits and take them out of the market is buying oversold gap fill set ups. I’m looking for strong stocks that are having very rapid short term pullbacks in price. When I see the pullback, I immediately check the 5 or 10 […]
The dollar rallied sharply against the yen in the US session after data gave investors reason to change their expectations that the Fed will taper stimulus soon. The economic data on Thursday was not strong enough to end quantitative easing and most likely the fed’s bond buying stimulus measures will stay in place for the […]
Daily chart: In yesterday’s session, the GBPUSD pair was very bearish, falling below the support at the 1.5407 level and approaching the level of 1.5266. However, it is quite possible that during this week, the GBPUSD pair falls to that level. If GBPUSD manages to break that level of 1.5266, it is expected to fall […]
The pound is about to face the weekly support of 1.5272. This level is a massive support and may try to put pressure on the downside. If the pair stops in this area, it will be the time to buy. If the pair falls and then bounces back to this level, we can enter buying. […]
Overview From the today’s H4 chart, silver is still stabilizing above the Support level 18.55 and could not break it and currently is bouncing from it towards the Resistance level 19.55. So we still suggest waiting for closing above the next Resistance level in case of bouncing from the Support level 18.55 to give […]
Overview From the shown H4 chart, the pair failed more than once to break the Support level 149.35 and is still trading above its since yesterday. From the today’s H4 chart the pair bounced from the Support area again and started to take a slightly upward move approaching the Resistance level 150.00. Currently it […]
The euro fell during yesterday’s session to around 1.30 psychological level. This level is important as it attracts a lot of attention of market participants, the fall of the euro also was found in first support weekly, 1.3007. This level is key to defining the movement of the euro, so above 1.30 the pair […]
The USD/CAD pair rose steeply last week approaching key resistance level of the ascending channel around at 1.0530 as depicted on the chart. The pair expressed quite significant bearish movement in the past two days due to bearish rejection expressed at the upper limit of the ascending channel. Today, the possibility of a downside move is still […]
On Monday, the EUR/USD pair expressed quite weak bullish movement corresponding to the usual sluggish movement of Monday trading sessions which was followed by bearish rejection that took place during the past three days. The nearest demand zone is located around 1.2970-1.2950 which corresponds to uptrend line and a previous consolidation zone established in May. […]
Obvious bearish rejection at 61.8% Fibonacci located around price level 1.5750 pushed the pair strongly below SMA 100 which came to meet the pair around 1.5400. Now the pair is trading below both 50% Fibo and SMA 100 which is enhancing the bears to achieve new lows. The current daily candlestick has already stepped below […]
Overview: According to the previous events, the USD/CAD pair has still been trapped between 1.0435 (78% of Fibonacci retracement levels) and 1.0555 (100% of Fibonacci retracement levels). The support sets at the level of 1.0350, therefore the bulls are going to buy above 1.0350 with the first target of 1.0415, it might resume to […]
