Overview From the today’s H4 chart, this week the metal is still trading between the Support level 22.00 and below the Resistance level 23.00 after its failure to break the Support level last week and bounced from it. So we still suggest waiting for closing above the Resistance level 23.00 in case of bouncing from […]
Overview Today and as shown from the H4 chart, the pair is trying to continue its last week’s bearish move but it hits the strong Support area of the intersection point between the upper boundary of the bullish channel with the Support level 152.50. The pair is still trading inside the bearish channel, but if […]
Overview: GBP/JPY is trading with risks skewed lower. The rate is undermined by flows to safe-haven yen as investors turn jittery about prospects of a sooner-than-expected cut in stimulus measures by the Federal Reserve; euro sales from Japan exporters. But GBP/JPY losses tempered by Bank of Japan’s aggressive easing measures to help reach its 2% […]
Overview: USD/CHF is consolidating with bearish bias after hitting six-day low of 0.9588 on Friday. The rate is undermined by flows to safe-haven franc as investors turn jittery that the Federal Reserve might reduce its stimulus measures sooner than expected. But USD/CHF losses tempered by comments from Swiss National Bank President Thomas Jordan last week […]
US data on Durable Goods Orders in April published on Friday was better than expected (3.3% vs. 1.6%). However, investors preferred not to take active measures before holiday. As the result the euro and the stock market indices close the day near the opening prices. In the three coming day relevant information is not published. […]
Daily chart: Last week, the USDX tried to break the strong resistance at the level of 84.22, but it was unsuccessful. Now, the USDX is below the support at the 83.74 level and it may be able to fall to the support level at 83.22 in the coming hours. However, these movements being made by […]
Overview: NZD/USD is trading with bearish bias. The rate is undermined by soft commodity prices; contagion from weak Aussie; Kiwi sales on soft NZD/JPY and NZD/CHF crosses. But NZD/USD losses tempered by Kiwi demand on soft AUD/NZD cross; NZD-USD yield gap. Daily chart is negative-biased as MACD is bearish, stochastics is staying suppressed at oversold, […]
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. On Thursday, the USD/CAD pair dropped sharply but remained stable above 1.0300 and the significant support 1.0260 (previous top established in April). This enhances the bullish view for the pair. As […]
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 […]
EUR/USD Elliott Wave Since our last analyses the EUR/USD pair has been trading downwards, just like we expected, impulsive sub-wave 3 (coloured blue) of the final wave (5) (coloured green) has started its development. During the Friday’s Asian and European sessions we could observe ascending movement from 1.2903 towards the 1.2992 level and we can […]
Overview: Since our last analysis Gold has been trading sideways, we are still waiting 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 and if you compare it with the second […]
USD/CAD Elliott Wave For the last few days the USD/CAD pair has been trading sideways, corrective wave C (coloured green) of the bigger wave (B) (coloured blue) has been developing. During the Friday’s European session we could observe strong ascending movement from 1.0300 towards the 1.0355 level and we can consider this move as the end of […]
Despite the intraday positivity and failure to consolidate below the key ascending trendline around 1.2835, we need to see the EUR/USD pair stable below this trendline in order to pursue the bearish momentum. 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 […]
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 1.5015. Previous consolidation range above 1.5200 was broken down when we had daily closure below 1.5190. Based on this bearish range breakout, the cable hit […]
Overview: EUR-NZD successfully tested upper diagonals of two channels at price 1.6050. If you take a look at a volume around area 1.6050 you can see that we got lack of demand. I calculated the total volume of previous two up legs and I got that first up leg got 12,000 of total volume and […]
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:Weekly Forex Outlook: 12/04/2024 – More inflation data on… April 12, 2024 CPI numbers due in the UK and Japan. China to also…Video market update for April 11, 2024 April 11, 2024 […]
Today is a holiday in the UK. This week macroeconomic events on the UK are not issued, except for CBI retail sales volume balance in May (it is revealed on May 29, forecast 3 vs. -1), Nationwide House Price Index (published on May 30, forecast 0.3% vs. -0.1%), and Consumer Confidence index, forecast -25 vs. […]
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 […]
Overview: USD/JPY is consolidating with bearish bias after hitting two-week low of 100.66 on Friday. Liquidity will be thin later in global day as financial markets in U.K. and U.S. are shut for holiday. USD/JPY is undermined by flows to safe-haven JPY and unwinding of JPY-funded carry trades as investors hedge against potential big losses […]
TODAY’S TECHNICAL LEVELS: Resistance 3: 101.52. Resistance 2: 101.32. Resistance 1: 101.13. Support 1: 100.89. Support 2: 100.69. Support 3: 100.48. DESCRIPTION: Please pay attention to the levels of support 3 (100.48) and resistance 3 (101.52). Normally, when a level is touched, USD/JPY will rebound from the previous minimum by 10 to 20 pips, […]
RECOMMENDATION: SELL Stop (Pending Order) at 130.24. Take Profit at 130.10. Stop Loss at 130.34. Best regards, Arief Makmur Official Analyst of InstaForex Companies Group InstaForex Companies Group http://instaforex.com Email: [email protected] Yahoo Messenger and Skype: Arief.ifx_jakarta blog.mt5.com/arief http://www.mt5.com/forex_analysis_award/profile/index/arief Disclaimer: Trading foreign exchange on margin carries a high level of risk, and may not be […]
Weekly technical levels: Date & Time: 26/05/2013 23:26 Pair: GBP/USD Projected High: 1.5632 Breakout (Buy Stop): 1.5577 Strong Resistance (Sell Limit): 1.5547 Current Pivot: 1.5147 Strong Support (Buy Limit): 1.4746 Breakout (Sell Stop): 1.4721 Projected Low: 1.4671 Trading recommendations: According to previous events, the price has still been trapped between 1.5180 and 1.5050. Buy […]
TODAY’S TECHNICAL LEVELS: Breakout BUY Level: 1.2997. Strong Resistance: 1.2990. Original Resistance: 1.2977. Inner Sell Area: 1.2964. Target Inner Area: 1.2934. Inner Buy Area: 1.2904. Original Support: 1.2891. Strong Support: 1.2873. Breakout SELL Level: 1.2871. DESCRIPTION: Today EUR/USD has support and resistance at 1.2891 and 1.2977. The rate is accompanied by strong support at […]
Daily chart: Last week, the GBP/USD was bearish, but at the end of the week the pair made an attempt to recover, trying to climb to the resistance at the 1.5159 level and break it. Furthermore, it formed a support at the level of 1.5023. Those mentioned levels will be vital to the trend development […]
EUR/USD: The EUR/USD saw a bullish momentum last week. That momentum was protracted enough to seriously threaten the extant bearish scenario. Unless the price goes below the support line of 1.2900, the era of the bears’ hegemony could be over. However, the price must move above the resistance line of 1.3000 before it can be […]
Weekly technical levels: Intraday trading recommendations: According to previous events, the price has still been trapped between 1.2960 and 1.2890. Below 1.3015 look for further downside with 1.2915 (the weekly pivot point) and 1.2850 targets. Stop loss should be placed at 1.3070. Please check out the market volatility before investing, because the sight price […]
We are pleased to announce that between 27-31 May 2013, XEMarkets 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 […]
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 […]
