Overview: Since our last analysis the EUR/NZD pair has been trading in upward moves, price tested our FE 261.8 % (1.6620) and made new high at price 1.6670 on high volume. If daily bar finishes below 1.6620 we may still expect starting of corrective phase but if daily bar finishes above 1.6620 I will exit […]
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 17, 2024 April 17, 2024 Potential for the further drop on NAS100The material has been…Forex forecast 04/17/2024: EUR/USD, GBP/USD, Gold, Bitcoin… April 17, 2024 We introduce […]
June 7th 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist A soft start for European share markets this morning ahead of the eagerly awaited monthly nonfarm payrolls report out later in the day. Traders this morning are clearly quite apprehensive about the upcoming jobs report, adjusting their risk profiles accordingly given the mixed data […]
Yesterday the pound moved along with the considerable growth of the euro and closed the day growing 190 points. The Bank of England left its bond-purchase target at 375 billion pounds and its key interest rate at 0.5%. Today at 12:30 GMT+4 data on Trade balance in the UK in April is published, Visible […]
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 Yen strengthens at expense of US dollar Morning Report: 08.30 London • This morning, the Japanese yen is dominating early FX moves, with the USD/JPY trading near the 95.5 level, its lowest level since April. The […]
It looks like yesterday investors intended to buy irrespective of Mario Dragi’s speech. German Factory Orders in April dropped 2.3% vs. forecast for a 1.0% drop and a 2.3% growth in March, meanwhile the euro added 50 points. Later, during the ECB press conference the ECB president Mario Draghi did not say anything positive […]
Today’s Support and Resistance levels: R3: 1.6780 R2: 1.6739 R1: 1.6663 Current spot: 1.6642 S1: 1.6591 S2: 1.6539 S1: 1.6472 Technical overview: As it is typical for a wave three, it just keeps moving higher and higher leaving everybody looking for a correction with a loss. Even though this market seems overbought we should expect […]
Today’s Support and Resistance levels: R3: 128.77 R2: 128.46 R1: 128.13 Current spot: 127.79 S1: 127.46 S2: 127.15 S3: 126.68 Technical overview: Our second resistance at 130.60 did the job well and turned prices back down again in wave iii and we should be looking for 127.15 as the first target. However, we should see […]
Daily chart: The yesterday’s session was very bullish for the GBPUSD pair, breaking the resistance level at 1.5523 and touching the resistance level at 1.5642. The general trend in this pair has changed dramatically during this week, where the fundamental news has helped the recovery of the pound against the other currencies. Now, GBPUSD remains […]
Daily chart: In yesterday’s session, the USDX was very bearish, breaking the support level at 82.51 and now, it is trying to break the support at the 81.50 level. We must be careful at this level, because the USDX is trying to make a bullish rebound in the 200-day moving average, which could invalidate a […]
EURUSD: The pair has moved upwards by roughly 270 pips this week. There is a vivid Bullish Confirmation Pattern on the chart, and the price could even re-test the resistance line at 1.3300. Meanwhile, any possible bearish retracement ought not to take the price below the support line of 1.3200. USDCHF: In the opposite […]
Overview: The market is continuing to show signs of strength following the break at 1.0250 (green horizontal line in the chart). Additionally, USD/CAD’s resistance was broken and turned to support last week. Furthermore, the pair has already formed a strong support at the level of 1.0250. Consequently, the market indicates a bullish opportunity at the level […]
TODAY’S TECHNICAL LEVELS: Resistance 3: 97.49. Resistance 2: 97.31. Resistance 1: 97.12. Support 1: 96.88. Support 2: 96.69. Support 3: 96.49. DESCRIPTION: Please pay attention to the levels of support 3 (96.49) and resistance 3 (97.49). 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: 1.3305. Strong resistance: 1.3297. Original resistance: 1.3284. Inner sell area: 1.3271. Target inner area: 1.3240. Inner buy area: 1.3209. Original support: 1.3196. Strong support: 1.3183. Breakout sell level: 1.3175. DESCRIPTION: Today EUR/USD has support and resistance at 1.3196 and 1.3284. The rate is accompanied by strong support at 1.3183 […]
RECOMMENDATION: Sell stop (pending order) at 127.99. Take profit at 127.85. Stop loss at 128.09. 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 Forex (foreign exchange) on margin carries a high level of risk, and may not be […]
Overview: The EUR/USD’s resistance (1.3160) has broken and it turned to support yesterday, therefore the pair has already formed a strong support at 1.3160. Moreover, after it couldn’t close below 38.2% Fibonacci retracements levels and start signing for bullish market, and the price has placed above 50% Fibonacci. It should also be note that the […]
Overview Based on the shown H4 chart, silver is still stabilizing between the Support 22.00 and the Resistance level 23.00 after its rebound from the Resistance level 23.00 last week. If silver continues its bearish move and manages to break the Support level 22.00, this will give a strong indicator for the downward move and open […]
This morning the EUR/USD was showing upward force due to the speech of Mario Draghi. It is expected to recover in the eurozone for the second half of the year, so the euro has been very optimistic. If you look at the chart the pair is touching the daily fractal line, 1.3155. A close […]
Overview As it was expected yesterday, the pair would reverse its downward move taking an upward move due to the Support area consists of the downward trend line with the Support level 152.50. Today and as shown from the H4 chart, the pair bounced from the Support area and currently is approaching the Resistance level […]
This morning the British pound reached its maximum since 9 May. In the short term it is presenting an uptrend, which can continue even above 1.5580 in the coming days. Looking at the graph we see that the pair has not sustained any correction. It is likely that this pair finds strong resistance at the […]
Overview: NZD/USD is consolidating with bullish bias bias after hitting nine-month low of 0.7925 on Wednesday. The rate is undermined by increased risk aversion. But NZD/USD downside is limited by negative USD sentiment; Kiwi demand on soft AUD/NZD cross; buoyant commodity prices; caution ahead of U.S. May non-farm payrolls report Friday. Daily chart is negative-biased […]
Overview: USD/JPY is trading in lower range. The rate is undermined by negative dollar sentiment as Automatic Data Processing’s report of lower-than-expected 135,000 new private-sector jobs in May (vs 170,000 forecast) and drop in U.S. ISM employment index to 50.1 last month from April’s 52.0 foreshadowed possibly disappointing U.S. May non-farm payrolls report due on […]
Overview: USD/CHF is consolidating with bearish bias after hitting near-one-month low of 0.9393 Wednesday. The rate is undermined by negative dollar sentiment; franc demand on soft EUR/CHF cross. But USD/CHF downside is limited by caution ahead of U.S. May non-farm payrolls report Friday. Data focus: 07:15 GMT Switzerland May CPI. Daily chart is negative-biased as […]
Overview: GBP/JPY is trading with bullish bias. The rate is undermined by increased risk aversion; euro sales from Japan exporters. But GBP/JPY downside is limited by euro demand from Japan importers; BOJ’s aggressive easing measures to help achieve its 2% inflation target; caution ahead of U.S. May non-farm payrolls report Friday. Daily chart is negative-biased […]
Overview: Since our last analysis Gold has been trading in upward moves, price rejected from our first intraday target level at 1,393.50. We are still 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 up move which is a good […]
Trading recommendations: According to the previous events, the price has still been trapped between 0.7980 and 0.7935. Long buying: Buy above 0.7825 with the first target of 0.7905, it might resume to 0.8000. Short selling: Outlook -1-: Swing trade at 0.8115 in order to sell with a traget of 0.7920. Outlook -2-: Below 0.7910 look […]
Overview: Support: 132.00 | Resistance: 129.00 | Range: 300 pips. The EUR/JPY pair suggests that a decline from 132.00 had resumed to 130.13 (129.00 is a key level hence it is going to form a strong support). As well as the pair has already formed a strong resistance at the level of 132.00 and it is […]
The ongoing scenario of accidental confusion remains today with alternating red and green daily candlesticks within the same price range. 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 Monday, the USD/CAD pair dropped sharply but remained stable […]
Overview: Since our last analysis the EUR/NZD pair has been trading in upward moves, we made new high at price 1.6570 on volume just below the average. On the daily chart we got two climatic bars (ultra high volume bars) which is a strong sign that EUR/NZD is in overbought zone, so we may expect […]
