Weekly technical levels: Intraday technical levels: Date & Time: 20/05/2013 12:50 Pair: USD/CHF Projected High: 1.0085 Breakout (Buy Stop): 1.0030 Strong Resistance (Sell Limit): 1.0000 Current Pivot: 0.9640 Strong Support (Buy Limit): 0.9280 Breakout (Sell Stop): 0.9255 Projected Low: 0.9205 Observations: If the trend is of an upside character, then the strength of the currency […]
Overview: USD/JPY is consolidating after hitting four-and-a-half-year high of 103.32 on Friday. The rate is underpinned by positive dollar sentiment as expectations mounted that U.S. Federal Reserve might start winding down its $85 billion-a-month bond-buying program this year and U.S. stocks surged (S&P closed up 1.03% at record-high 1667.47 Friday) after University of Michigan consumer […]
Overview: NZD/USD is consolidating after hitting two-month low of 0.8056 on Friday. The rate is undermined by positive USD sentiment. But Kiwi sentiment was boosted after New Zealand Finance Minister Bill English said on Sunday pressure on the Reserve Bank of New Zealand to increase the cash rate will grow if house prices continue rising […]
May 16th 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist European stock markets kick off the week on a brighter note, following another record finish in US markets on Friday and an upbeat session in Asia overnight. Volume today however is on the light side due to Whit Monday holiday in Germany and France […]
Weekly technical levels: Trading Recommendations: According to previous events, the price has still been trapped between 1.5240 and 1.5160. Buy above 1.5090 with the first target of 1.5150, it might resume to 1.5235. A stop loss should be set below 1.5055. Below 1.5300 (61.8% of Fibonacci retracement levels) look for further downside with […]
Weekly technical levels: Observations: R3 and S3 are considered to be clear indicators of the maximum range of extreme volatility, though it is possible to pass them through. Pivot lines work well on the sideways markets as the prices are most likely to be located between the R1 and S1 lines. Within a strong trend, […]
Technical outlook and chart setups: Silver prints fresh lows around 20.00 before bouncing back strongly. Please note that 20.00/21.00 levels are past resistance turned support level on the weekly chart as discussed earlier. Hence a possibility of a bullish reversal remains high around current levels. It is recommended to wait for a bullish reversal here […]
USD/CAD Elliott Wave Since our last analysis the USD/CAD pair has been trading upwards, just like we expected, impulsive wave 5 (coloured red) of the bigger wave (3) (coloured green) has been developing. During the Friday’s Asian and European sessions we could observe ascending movement from 1.0175 towards the 1.0244 level. Therefore, during the New […]
GBP/USD Elliott Wave For the past few weeks the GBP/USD pair is trading downwards, in Elliott perspective this move represents impulsive wave (1) (coloured green) of the bigger wave 3 (coloured red). During the Friday’s Asian and European sessions we could observe strong descending movement from 1.5280 towards the 1.5223 level. Therefore, during the New […]
Technical outlook and chart setups: The yellow metal has been breaking intermediary supports, the last one being at 1,360/65, the Fibonacci 0.786 of rally from 1,300 to 1,487. Currently trading around 1,351.00, gold remains under pressure and is vulnerable to printing of fresh lows. Higher time frame charts are stretched out for now, and hence […]
Technical outlook and chart setups: Finally it looks like the single currency pair has carved out a potential right shoulder at 132.40/50 levels. It is recommended to remain short from last week and also add further positions on intraday rallies. Resistance is fixed at 132.70/80 levels; while immediate support is at 129.50/00 levels. Looking into […]
Technical outlook and chart setups: As seen here the prices have been trading sideways since last few sessions around 1.48, which is immediate resistance and it is quite possible that an intermediary top has been formed. At the same time, the line of support is very much intact for now, and would be providing support […]
On Friday, the pound dropped 100 points amid the strength of the US dollar. 1.5205/35 is the range of support of market orders, which as we noted in the Friday’s review, was broken and the price reached the last target level 1.5157. On the daily chart this downward movement was expressed by the break of […]
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 […]
Silver prices fell to the lowest level since September 2010 on Monday morning, reaching as low as $20.30 an ounce before steadying at around $21.40, down 4 percent. On the year, the precious metal has fallen 30 percent. Silver held in exchange-traded products dropped to a four-month low on May 17. Weighing on silver are […]
Published on Friday US data surpassed the expectations, Michigan Sentiment index in May was 83.7 vs. expectations for 77.9. US Leading Index in April was 0,6% vs. forecast for 0.3%. S&P 500 grew 1.00%, Stoxx 600 added 0.33%, however the euro dropped 43 points as it was influenced by strong bearish trend. Today is a […]
XEMarkets will be hosting their first forex seminar at the premises of the London School of Economics, UK, on 15th June 2013. The high-profile joint project of XEMarkets will be presented by Internationally Certified Instructor and Portfolio Manager Avramis Despotis on the university premises in London. The upcoming event, due on 15 June 2013 and […]
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 Dollar peels back from highs Morning Report: 08.00 London • This morning, the dollar index is pulling back from the highs, helping the NZD/ USD and AUD/ USD to push up from multi month lows. Click […]
TODAY’S TECHNICAL LEVELS: Resistance 3: 103.36. Resistance 2: 103.16. Resistance 1: 102.95. Support 1: 102.71. Support 2: 102.50. Support 3: 102.30. DESCRIPTION: Please pay attention to the levels of support 3 (102.30) and resistance 3 (103.36). 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: 1.2892. Strong Resistance: 1.2885. Original Resistance: 1.2872. Inner Sell Area: 1.2859. Target Inner Area: 1.2829. Inner Buy Area: 1.2799. Original Support: 1.2786. Strong Support: 1.2773. Breakout SELL Level: 1.2766. DESCRIPTION: Today EUR/USD has support and resistance at 1.2786 and 1.2872. The rate is accompanied by strong support at 1.2773 […]
Daily chart: The EURUSD pair is approaching a very strong support level 1.2768. There we expect this pair will make a consolidation before continuing its bearish road. There is the possibility that the EURUSD pair will do a bullish rebound on this support at the level of 1.2768 for touch the resistance level at 1.2883. […]
The yen was the big story today, being the biggest mover in the start of the new trading week after jumping on remarks made by Japan’s Economy Minister. Akira Amari signalled that the recent sharp decline in the yen could pose certain risks. The Japanese minister also said that the yen’s past strength has “been […]
Daily chart: On Friday, the loonie had a very bullish session, climbing over 100 pips, closing the weekly price near the 1.0281 resistance level. Because of this large rise, this pair may do a consolidation during the first days of the week to form a lower high pattern to continue rising, but we must be […]
RECOMMENDATIONS: Buy stop (pending order) at 132.01. Stop loss at 131.91. Take profit at 132.15. Alternative: Sell stop (pending order) at 131.74. Stop loss at 131.84. Take profit at 131.60. Best regards, Arief Makmur Official Analyst of InstaForex Group InstaForex Group http://instaforex.com Email: [email protected] Yahoo Messenger & Skype: Arief.ifx_jakarta blog.mt5.com/arief http://www.mt5.com/forex_analysis_award/profile/index/arief Disclaimer: Trading […]
EUR/USD: The EUR/USD dropped by close to 150 pips last week, leading to the perpetual Bearish Confirmation pattern in the chart. Last Friday, the price closed at 1.2837: it may reach the support line of 1.2800 very soon. There could be some hesitation around that support line, but it should be violated to the downside […]
The dollar rallied strongly against the yen, breaking the key 103 level after upbeat US data fueled speculation the Federal Reserve will consider cutting back on stimulus measures which have been weakening the dollar. The University of Michigan consumer sentiment report was released on Friday, giving the best results since July 2007. The preliminary reading […]
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: GBP/JPY is in range-trade. The rate is undermined by euro sales from Japan exporters. But GBP/JPY downside is limited by Bank of Japan’s aggressive easing measures to help reach its 2% inflation target; euro demand from Japan importers; positions adjustment before weekend. Daily chart is mixed as MACD is bullish, but stochastics is bearish […]
Overview: USD/JPY is in range-trade. The rate is supported by renewed speculation that U.S. Federal Reserve might wind down its quantitative easing measures after Fed’s John Williams said he is open to tapering the central bank’s bond-buying program in coming months if the economy continues to improve, suggesting the Fed could begin trimming its $85 […]
