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We are pleased to announce that between 27-31 May 2013, XM is offering clients a new promotion: the 100% Bonus on All Deposits. The time-limited promotion, due to run between 00:01 GMT on 27 May and 23:59 GMT on 31 May, is offering 100% bonus on all initial and recurring deposits, with a maximum bonus […]
FOREX Weekly Outlook by Easy-Forex.com Weekly Outlook – 11th March 2013 USD/JPY soaring as US Data Improves Last week’s currency trading review USD/JPY persistently strong US data is helping the Yen pair tofresh multi year highs with February US Nonfarm payrolls beating expectationsat 236k vs. 160k forecast and the Unemployment Rate dropping sharply to 7.7%vs. […]
Overview As shown from the today’s H4 chart, the metal is stabilizing between the Support level 22.00 and the Resistance level 23.00 after its failure to break the Support level again yesterday. Currently we must wait for re-testing the Support level 22.00 and closing below to get the bearish move opportunity. In that case we […]
Yesterday the Australian dollar stopped at the last daily fractal, 0.9590. Comparing this level on weekly charts, this is a strong support level that on many occasions was pushed up to levels of 1.03 or 1.05. Given that these days it is trading at this level, some analysts of several leading banks affirm that the […]
The pound sterling exceeded the 1.51 area in the last few hours, but it found resistance at 1.5135. H4 Fractal level is currently trading at 1.5112. The decline is likely to continue until the daily fractal level 1.5080. So we recommend buying at this level with targets at 1.5333 for a profit taking in the […]
This morning thye euro is shown with an upward bias due to an unexpected increase in German IFO business climate. This data was giving strength to the euro in the last hours, more precisely from the start of the session Europe. Now, it still maintains the bearish perspective for this pair below the 1.3010, […]
Supply zone located around 1.5550-1.5600 (the upper limit of the depicted bullish channel and 50% Fibonacci level) provided considerable resistance for the cable last week. It pushed the pair down to 1.5030. Previous consolidation range above 1.5200 was broken down when we had daily closure below 1.5190 on Friday. Based on this bearish range breakout, the […]
We talked about consolidation of the pair within the price range 1.2950 -1.3240 and the importance of breakout off this zone for the liberation of the pair. Breakdown of support zone around 1.2950 revived a “Double-Top” pattern on the daily chart that still has final target at 1.2680. A stronger than expected German IFO survey […]
Support level around 1.0016-0.9995 provided evident bullish steam for the pair to step above 1.0300. Hence, there might be further bullish pressure to test 1.0430 level. Yesterday, the USD/CAD pair dropped sharply but remained stable above 1.0300 and the significant support 1.0260 ( previous top established in April ). As long as the USD/CAD bias remains bullish, […]
The weak bullish structure with integrated swings led to the price fall after the upper limit of the movement channel 1.5590-1.5600 had provided a considerable resistance for the pair. The GBP/USD pair broke down important support level, 50% Fibonacci which came to meet the pair at 1.5220 which opened the way for the pair towards Fibo […]
Overview: EUR-NZD is testing upper diagonals of two channels I created at price 1.6050.If you take a look volume around area 1.6050 you can see that we got lack of demand.I calculated total volume of previous two up legs and I got that first up leg got 12,000 of total volume and that second up […]
USD/CAD Elliott Wave Since our last analyses the USD/CAD pair has been trading downwards, just like we expected, corrective wave A (coloured green) of the bigger wave (B) (coloured blue) has finished developing. Yesterday, during the Asian and European sessions we could observe descending movement from 1.0391 towards the 1.0323 level. Therefore, during the New […]
EUR/USD Elliott Wave Since our last analyses the EUR/USD pair has been trading upwards, so we have changed our primary wave count a little bit. Yesterday, during the Asian and European sessions we could observe ascending movement from 1.2822 towards the 1.2903 level.Therefore, during the New York session this major pair has continued trading in […]
Overview: Since our last analysis Gold has continued moving in a downward direction like we expected, we are very close to our first target level FE 61.8 % at price 1,323.00. We saw decreasing volume in previous up move which is good sign of weakness for future up. First up leg got 326,000 total volume […]
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 05, 2024 April 7, 2024 Potential for the further drop on NAS100 ….The material has…Why is gold defying gravity? – Special Report April 7, 2024 Gold […]
EURUSD: The EURUSD pair has been bullish in this week – moving upwards by around 150 pips. However, this is not without a sharp retracement that occurred in the middle of this week. Right now there is a new ‘buy’ signal on the chart, though there is also a strong resistance line at 1.3000, which […]
Technical outlook and chart setups: The rally stalled just after 23.00 level, the other day, before silver falling back to 22.00 level. It is recommended to exit long positions taken earlier, now at 22.55/60. The lows printed at 20.00 level seem to be ideal according to weekly chart, but the current setups are indicative of […]
Technical outlook and chart setups: The yellow metal rallies through 1,415.00 level, only to fall back without much conviction. It is recommended to book profits on long positions taken earlier. Aggressive trading strategy would be to go short now, 1,390.00, with a stop at 1,420. Immediate resistance is consolidated at 1,415.00, followed by 1,450.00, 1,485/87 […]
Technical outlook and chart setups: It looks like the single currency pair is in its last rally higher towards 134.00 level. Yesterday’s fall has found support at 130.00, right near the intermediary line of support for now. Immediate chart support is at 129.00, followed by 127.00 and 125.00. Looking into the wave structure, the rally […]
Technical outlook and chart setups: The single currency pair breaks two of intermediary supports at 1.4580 and 1.45, stopping us out of long positions. The wave structure points to further weakness towards 1.4000 and even lower for now; since the pair has bounced off lower through a major line of resistance as seen here. It […]
The UK has released first-quarter GDP numbers. In the second estimate it stayed unchanged, 0.3%. The pound strengthened following weakness of the US dollar, as the result it grew 60 points. Today at 12:30 GMT+4 data on UK BBA loans for House Purchase in April is published, forecast 32.7K vs. 21.2K in March. At 16:30 […]
As it was expected yesterday macroeconomic indices were strong. Service PMI in the eurozone in May was 47.5 vs. estimates for 47.4 and previous figures for 47.0. Manufacturing PMI was 47.8 vs. expectations for 47.1. US Initial Jobless Claims dropped to 340K vs. forecast for 347K. US New Home Sales in April was 454K vs. […]
Read the Daily Market Report from Dave Evans, Professional Trader Yen surges on Bank of Japan comments Morning Report: 08.00 London • Overnight Asian stock markets have sold off after the Bank of Japan suggested that it wouldn’t be increasing its bond buying program. The yen […]
Daily chart: The USDX had a bearish day yesterday, making a bearish rebound in resistance level at 84.22, falling to support at the 83.74 level. Now this market is bouncing on that level and it is expected to climb back up to the resistance level 84.22. However, there is a possibility to break the support […]
Today’s Support and Resistance levels: R3: 1.6134 R2: 1.6085 R1: 1.6040 Current Spot: 1.5996 S1: 1.5955 S2: 1.5922 S3: 1.5887 Technical overview: We are in a position where an acceleration higher towards 1.6481 could take place any time. In the short term we will be looking for a break above 1.6040 as the possible catalyst […]
TODAY’S TECHNICAL LEVELS: Resistance 3: 102.91. Resistance 2: 102.72. Resistance 1: 102.52. Support 1: 102.26. Support 2: 102.06. Support 3: 101.86. DESCRIPTION: Please pay attention to the levels of support 3 (101.86) and resistance 3 (102.91). 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: 1.2986. Strong Resistance: 1.2979. Original Resistance: 1.2966. Inner Sell Area: 1.2953. Target Inner Area: 1.2923. Inner Buy Area: 1.2893. Original Support: 1.2880. Strong Support: 1.2867. Breakout SELL Level: 1.2860. DESCRIPTION: Today EUR/USD has support and resistance at 1.2880 and 1.2966. The rate is accompanied by strong support at 1.2867 […]
Overview: USD/CHF: It should be said that these levels are coinciding between 61.8% and 100% of Fibonacci retracement levels in H1 chart. Moreover, it should be noted that the price has still been trapped between 0.9720 and 0.9670 and below strong resistance at the level of 0.9760 (100% of Fibonacci retracement levels in H1 chart), […]
Today’s support and resistance levels: R3: 133.10 R2: 132.88 R1: 132.52 Current spot: 132.13 S1: 131.95 S2: 131.50 S3: 130.77 Technical overview: We have seen a nice five wave decline from 133.81 down to 129.97, which marked wave i. The following correction of wave i has been a double zigzag correction from 129.97 up to […]
