USD/CAD Elliott Wave Last week, the USD/CAD pair was trading downwards, impulsive wave [5] (coloured red) of the bigger wave C (coloured green) was developing. During the Friday’s Asian and European sessions we could observe sideways movement between 1.0154 and 1.0185 area. Therefore, during the New York session this commodity currency did not manage to […]
Published on Friday data on the US was weak. US Capacity Utilization in May was 77.6% vs. forecast for 77.9%. US Industrial Predication was flat vs. forecast for a 0.3% rise. The correlation to the stock market which we observe is gradually becoming direct relation, the movements become codirectional. i.e. weak data on US […]
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:EUR/USD. April 26th. Bulls continue to advance after the GDP… April 26, 2024 The EUR/USD pair on Thursday rebounded from the corrective level…Weekly Forex Outlook: 26/04/2024 – Hawkish risk as Fed […]
We are pleased to announce that the Hungary F1 Grand Prix Competition, running between 20th May – 14 June 2013, has successfully come to an end. Launched exclusively for our Hungarian clients, the F1 Grand Prix Competition attracted a high number of traders ready to enter a one-month-long trading challenge and qualify among the top […]
Published on Friday data on US Industrial Production was weak. US Capacity Utilization in May was 77.6% vs. 77.9% and April’s figures were revised downwardly to 77.7%. US Industrial Production was flat vs. forecast for a 0.3% growth and April’s figures were revised downwardly up to 0.4%. Michigan Consumer Sentiment Index in June was […]
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 […]
June 17th 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist Mild gains for European stock markets this Monday morning, with indices maintaining Friday’s positive momentum helped by Japan’s Nikkei overnight moving above the 13,000 level lending some support. That said, moves to the upside are capped as investors adopt a degree of caution ahead […]
We are pleased to announce that the Hungary F1 Grand Prix Competition, running between 20th May – 14 June 2013, has successfully come to an end. Launched exclusively for our Hungarian clients, the F1 Grand Prix Competition attracted a high number of traders ready to enter a one-month-long trading challenge and qualify among the top […]
Today’s Support and Resistance levels: R3: 1.6648 R2: 1.6590 R1: 1.6537 Current spot: 1.6485 S1: 1.6465 S2: 1.6447 S3: 1.6388 Technical overview: With a low at 163.88 (just 11 pips below our ideal target at 1.6399) we have most likely seen the bottom of wave iv and should now see wave v higher. We still […]
Today’s Support and Resistance levels: R3: 127.01 R2: 126.55 R1: 126.35 Current spot: 126.16 S1: 125.81 S2: 125.41 S3: 124.96 Technical overview: Resistance at 128.17 protected the upside for a break below 126.16 which has open up the downside again for a new challenge of important support near 124.96. Once this support breaks we should […]
Daily chart: Finally, Crude Oil managed to break the resistance at the 96.73 level and now, the CL is heading towards the next resistance at 100.33 level. Obviously, the increase in CL will not be lateralized, it would be best to wait bullish patterns to place buy orders, as the lower high pattern. During this […]
Daily chart: The USDJPY pair continues to fall and is now trying to break the support at the 94.53 level. If this pair comes to consolidate below this support, it would be expected to fall to the level of 92.84. On the other hand, we can not rule out a possible bullish rebound over current […]
TODAY’S TECHNICAL LEVELS: Resistance 3: 95.16. Resistance 2: 94.98. Resistance 1: 94.79. Support 1: 94.56. Support 2: 94.37. Support 3: 94.18. DESCRIPTION: Please pay attention to the levels of support 3 (94.18) and resistance 3 (95.16). Normally, when a level is touched, USD/JPY will rebound from the previous minimum by 10 to 20 pips, […]
TODAY’S TECHNICAL LEVELS: Breakout BUY Level: 1.3419. Strong Resistance: 1.3411. Original Resistance: 1.3398. Inner Sell Area: 1.3385. Target Inner Area: 1.3353. Inner Buy Area: 1.3321. Original Support: 1.3308. Strong Support: 1.3295. Breakout SELL Level: 1.3287. DESCRIPTION: Today EUR/USD has support and resistance at 1.3308 and 1.3398. The rate is accompanied by strong support at 1.3295 […]
With all the three Moving Average making a death cross pattern formation, the market is still in downtrend pressure. It seems the seller will get more advantage than the buyers as long as 126.25 is not breached, the downside pressure still continues. RECOMMENDATION: SELL Stop (Pending Order) at 125.99. Take Profit at 125.85. Stop Loss […]
EUR/USD: This is a bullish market – there is a bullish trend in the chart. The market moved upwards recently and it is expected that it would continue to be so. The resistance line at 1.3400 is a target that should be reached very soon, albeit there may be some transient pullback toward the support […]
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 From the today’s H4 chart and as it was expected yesterday, the pair might take a new bullish signals in case of closing 4H above the resistance level 148.75 after it has been tested yesterday. Today the pair took an upward movement and managed to break the strong resistance area 154.00 then 150.00, but […]
Overview As it was expected yesterday, the metal would reverse its bearish move to start its upward direction after hitting the Support level 21.50 yesterday and bounced from it. Today and as shown from the today’s H4 chart the metal already took a bullish move after it has managed to break the Resistance level […]
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. The scenario of accidental confusion continued last week until last week on Thursday when we had this massive bearish daily candlestick that closed at 1.0260. Today, the USD/CAD pair […]
Last week, the GBP/USD pair closed at 1.5409. As expected, this opened the way towards 1.5580, 1.5680, and 1.5730. On the 4H chart, the visible bullish pressure being applied over 1.5400 resulted in the explosive bullish movement that occured last Thursday targeting 1.5590 then 1.5730 yesterday. The pair consolidated above 1.5603 (the high of May). This […]
The British pound lost bullish strength, with a drop of over 100 points from its monthly maximum. However, if you look at the chart you will notice that this pair failed to close above the 200-day moving average. Given that it is away from yesterday’s highs, it is likely to intensify the fall of […]
The euro has started the fall since early Friday. On Thursday the price closed at 1.3376. However, this pair was carried away from the height of 1.34 and technically it is about to lose a short-term uptrend, which is 1.3230 support area. The break of this level could accelerate downward move for the next […]
The downtrend extending from 1.3700 was broken when we had a daily closure above 1.3075 which opened the way towards 1.3106 and then 1.3250. The price level around 1.3250 provided temporary resistance for the EUR/USD pair as it corresponds to the previous tops (including the May’s high). However, this week we had two successive bullish […]
The pair is probably expressing 123 bullish reversal pattern that became confirmed with daily closure above 1.5625 that took place on Wednesday. The cable has been challenging the significant uptrend peak at 1.5682 recorded last week topping at 1.5737, while the next important resistance is projected at 1.5750 corresponding to 61.8% of Fibonacci. Current bearish […]
Overview: Since our last analysis the EUR/NZD pair has been trading downwards, just like we expected, price tested and broke FE 61.8% at level 1.6560. Since price broke FE 61.8% at price 1.6560 that means that we have started a major corrective phase and that 1.6342 level is possible. Current situation on (1H) time frame […]
Overview: Since our last analysis Gold has been trading sideways around price 1,385.00, we are still waiting for our second intraday target level at 1,356.50. We are also waiting for our first short-term target level FE 61.8% at price 1,323.00, according to the daily chart. I saw decreasing volume in the previous move up which […]
AUD/USD Elliott Wave Since our last analyses the AUD/USD pair has been trading upwards, final sub-wave C (coloured blue) of the bigger wave [2] (coloured red) has finished developing. During the Thursday’s Asian and European sessions we could observe strong ascending movement from 0.9428 towards the 0.9585 level. Therefore, during the New York session this […]
USD/CAD Elliott Wave Since our last analyses the USD/CAD pair has been trading downwards, corrective wave 4 (coloured blue) of the bigger wave [5] (coloured red) has been developing. Yesterday, during Asian and European sessions we could observe descending movement from 1.0224 towards the 1.0175 level. Therefore, during the New York session this commodity currency […]
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:Market continues to price in a plethora of rate cuts for… April 17, 2024 Market is still in monetary easing mode despite fewer rate…Video market update for April 17, 2024 April […]
