TODAY’S TECHNICAL LEVELS: Resistance 3: 101.10. Resistance 2: 100.90. Resistance 1: 100.71. Support 1: 100.47. Support 2: 100.27. Support 3: 100.07. DESCRIPTION: Please pay attention to the levels of support 3 (100.07) and resistance 3 (101.10). Normally, when a level is touched, USD/JPY will rebound from the previous minimum by 10 to 20 pips, […]
Daily chart: The USDX is trying to break the support at the 83.22 level, having had a week very bearish, which managed to break the strong support at the 83.74 level. There is the possibility that the USDX will makes a bullish rebound above this support level, which is unlikely in the short term, because […]
RECOMMENDATION: SELL Stop (Pending Order) is at 130.74. Take Profit is at 130.60 Stop Loss is at 130.84 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 […]
Weekly technical levels: Intraday trading recommendations: According to previous events, the price has still been trapped between 1.3060 and 1.2930. Below 1.3103 look for further downside with 1.2965 (the weekly pivot point) and 1.2870 targets. Stop loss should be placed at 1.3165. The level of 1.2838 will indicate a strong support, moreover the price […]
EUR/USD: Despite the fact that the pair is currently experiencing a sharp correction, the bullish outlook is still valid here. As long as the price is above the support line of 1.2900, the northward possibility is valid. The current price action therefore proffers a great buying opportunity. USD/CHF: In the face of the extant rally […]
We are glad to announce the start of the newest XEMarkets cash prize trading challenge: the $20,000 Countdown Competition. Registration is open until 28th June 2013, and all contestants are free to enter the trading challenge by opening an XEMarkets real account. Officially running between 1st and 26th July 2013, the XEMarkets Countdown Competition welcomes […]
We are glad to announce the start of the newest XM cash prize trading challenge: the $20,000 Countdown Competition. Registration is open until 28th June 2013, and all contestants are free to enter the trading challenge by opening an XM real account. Officially running between 1st and 26th July 2013, the XM Countdown Competition welcomes […]
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, the metal is still trading between the Support level 22.00 and below the Resistance level 23.00 after its failure to break the Resistance level yesterday and bounced from it to take a slightly downward move and currently is re-testing the Support level 22.00 again. Presently we suggest waiting for closing […]
Overview From the today’s H4 chart and as it was expected yesterday, we should wait for breaking the Resistance level 153.85 before making the decision to continue the bullish move. Today and as shown from the H4 chart, the pair failed to break this Resistance level and yesterday it also failed to break the upper […]
The EUR/USD pair recovered slightly from a decline it suffered early in the European session on Friday after data on German retail sales was published. It unexpectedly fell 0.4%, also unemployment rate in the eurozone set a new record. It stood at 12.2%, which although was in line with analysts’ expectations. Now this pair has […]
The Australian dollar is unable to recover positions and is located at this level around 0.96. Some analysts show that the break of 0.9525, minimum of this week, is likely. It also would open the door to a much stronger movement. Still the Aussie has a bearish direction for next week. We suggest buying at […]
Trading this morning the pound continued an upward trend, which aims to 1.5330. It met the objective, the daily fractal that we mentioned. If you look at the chart you will notice that the 1.53 level is a strong resistance area, so we could indicate the formation of a continuation pattern, which would be […]
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 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 long as […]
Psychological Support 1.5000 that corresponds to Fibonacci 78% pushed the GBP/USD pair strongly to the upside above 1.5130 (Fibonacci 61.8%) and 1.5220 ( Fibonacci 50%). The pair is finding difficulty today to consolidate above 1.5220 (Fibonacci 50%) after it confirmed the double bottom pattern with closure above 1.5130. Stabilization above 1.5220 will bring more bullish […]
Due to the intraday positivity and failure to consolidate below the ascending trendline around 1.2835, the pair expressed significant bullish reaction and managed to breakthrough 1.2980-1.3000. Yesterday, the pair managed to come back inside the previous consolidation range 1.2970 -1.3240 before achieving its projection target. As long as the EUR/USD pair is trading above 1.2950, it is […]
The pre-mentioned double bottom pattern was confirmed yesterday when we had daily closure above 1.5150. Yesterday’s daily candlestick closed also above strong resistance level 1.5200 which is threatening the ongoing bearish momentum. The cable’s way towards price zone 1.5280-1.5315 is open now. This zone represents a strong supply zone for the pair. Breakout of the […]
Technical outlook and chart setups: The metal remains sideways, but the bias would be towards buying on dips. It is recommended to hold on long positions initiated earlier, and buy the remaining on dips towards 21.20/40. Resistance remains fixed at 23.40, followed by 24.00, 25.00 on the higher side; while support is at 22.00, followed […]
Technical outlook and chart setups: The yellow metal finally rallied through the 1,415.00 resistance level yesterday. It is recommended to initiate 50% long positions now, 1,412.00, and the remaining on dips towards 1,400.00 level. Please note that 1,395/1,400 levels which was past resistance shall now act as support from here on. The overall structure remains […]
Technical outlook and chart setups: The single currency pair has done with testing the back side of the immediate line of support, as depicted here. It is looking for a break below 130.00 for the fall to accelerate rapidly. Immediate resistance would be 132.00 level, followed by 134.00; while supports would be 129.00 and 127.00 […]
Technical outlook and chart setups: There is structurally no change from what has been discussed lately. The single currency pair should accelerate towards downside from here pretty quickly. Please note that immediate resistance is now at 1.47 level, followed by 1.48 and 1.5; while support is at 1.44, 1.4075 and lower. Overall structure is bearish […]
Overview: Since our last analysis the EUR/NZD pair after small down correction has continued trading upwards, it tested level 1.6285 and also double upper diagonals. If you can see from the graph it tested upper diagonals of both channels I created. On the daily chart we got buying climax (ultra high volume bar) yesterday which […]
Overview: Since our last analysis Gold has been trading in upward move after small correction. It tested the level of 1,421.00 (our daily supply level) on lower volume and we are still waiting for our first target level FE 61.8% at price 1,323.00, according to the daily chart. We saw decreasing volume in the previous […]
May 31st 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist ETX Capital Daily Market Bite, 30th May, 2013: European Markets Pick Up Pace Ahead Of US Data May 30th 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist Modest losses for European share markets this morning, which have all deteriorated further since the market […]
Overview: EUR/JPY is in range trading. The rate is supported by improved risk appetite; euro demand from Japan importers; BOJ’s aggressive easing measures to help achieve its 2% inflation target. But EUR/JPY upside limited by euro sales from Japan exporters; fears Japan’s FSA might impose new rules on foreign exchange margin trading; positions adjustment before […]
EUR/USD Elliott Wave Since our last analyses the EUR/USD pair has continued trading upwards, so we have changed our primary wave count a little bit. During the Thursday’s Asian and European sessions we could observe ascending movement from 1.2941 towards the 1.3005 level. Therefore, during the New York session this major currency has continued trading […]
USD/CAD Elliott Wave Since our last analyses the USD/CAD pair has been trading downwards, corrective wave (A) (coloured red) of the bigger wave B (coloured purple) has been developing. Yesterday, during the European session we could observe ascending movement from 1.0329 towards the 1.0387 level and we can consider this move as the end of […]
Overview: USD/CHF is consolidating with bearish bias after hitting two-week low of 0.9522 this morning. the rate is undermined by negative dollar sentiment; franc demand on soft EUR/CHF cross. But USD/CHF losses tempered by positions adjustment before weekend. Daily chart is negative-biased as MACD and stochastics are bearish; five-day moving average has staged bearish crossover […]
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 […]
Nationwide House Price Index in the UK in May grew 0.4% vs. expectations for 0.5%. However, the investors considered this increase to be rather optimistic and started to buy the pound along with the euro until the opening of the US session. Data on the US was worse than forecasts (GDP in the second […]
