EUR/USD: The EUR/USD moved in a range at the beginning of the last week, and then it rose up weakly before it got suddenly weakened. The price plummeted and breached the market line at 1.3000 to the downside, closing at 1.2989. There is now a Bearish Confirmation pattern in the market, and the price would […]
The yen weakened further in Monday’s Asian session after the G7 meeting held over the weekend did not result in any criticism of Japan’s policies that has resulted in a weaker currency. Some countries have slammed Japan for deliberately targeting the yen’s exchange rate but the G7 have reaffirmed that this is in line with […]
The US dollar continued to strengthen against most major currencies on Friday, after breaching the 100 yen level on Thursday caused a strong rally in the USD across the board. The improving US labor market, highlighted by a drop in jobless claims on Thursday and strong nonfarm payrolls last week as well as the diverging […]
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. […]
The Canadian dollar fell to its lowest level since April 29 against the greenback, after disappointing Canadian jobs data. The Canadian economy created only 12,500 more positions, less than the projected 15,000 new jobs., while the jobless rate remained the same at 7.2 percent. In contrast to the Canadian employment scene, Canada’s neighbor’s to the […]
The biggest mover continues to be the dollar versus yen, after breaching a key 100 yen level yesterday. The yen weakened to a new four-year low as a result of ‘Abenomics’ and the Bank of Japan’s ultra-easing policy, which is driving down the Japanese currency. Dollar strength is also being highlighted by improving US labour […]
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 […]
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 […]
Overview: The USD/JPY is to consolidate with bullish bias after hitting four-year high of 100.79 Thursday. It is underpinned by positive dollar sentiment after surprise 4,000 drop in latest U.S. weekly jobless claims to five-year-low of 323,000 (vs forecast for rise to 335,000), adding to signs that the U.S. labor market is improving steadily and […]
Overview: The USD/CHF is to consolidate with bullish bias after hitting one-month high of 0.9499 Thursday. It is underpinned by positive USD sentiment. But the USD/CHF gains tempered by franc demand on buoyant the CHF/JPY as strong the USD/JPY supports the cross; positions adjustment before weekend. Daily chart positive-biased as bullish outside-day-range pattern completed Thursday; […]
The yen has reached four year lows against the dollar and has begun raising concerns again about currency wars. As the G7 meeting begins this weekend, there is talk yet again about Japan’s recent measures that have led to a weakening currency and could created tension with its trading partners at the G7 gathering. However […]
Overview As shown on today’s H4 chart, the metal reversed its bullish movement above the upward trend line and started to take a downward move after breaking the upward trend line. Currently, the silver is trading below the upward line which gives more opportunities for bearish signals with first target 23.30, then we should wait for […]
USD/CAD Elliott Wave Since our last analysis, the USD/CAD pair has been trading upwards, that’s why we need to consider yesterday’s low at 1.0013 as the end of the wave (5)(coloured blue). During the Thursday’s Asian and European session we could observe ascending movement from 1.0013 towards the 1.0043 level. Therefore, during the New York session […]
EUR/USD Elliott Wave Since our last analysis, the EUR/USD pair has been trading downwards, just as we expected, impulsive wave 1 (coloured blue) of the bigger wave (3) (coloured green) has finished developing. Yesterday, during the Asian and European session we could observe descending movement from 1.3176 towards the 1.3084 level and we can […]
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 154.00 after it has been tested yesterday. Today the pair took an upward movement and managed to break the strong resistance area 154.00-155.00. Currently, the price […]
May 10th 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist European stock markets continued to advance on Friday with key indices posting fresh highs for the year, the FTSE100 firmly above the 6600 level, the DAX now above 8300 while US stock futures indicate a firm open this afternoon despite the lack of economic […]
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Today’s support and resistance levels: R3: 1.5717 R2: 1.5658 R1: 1.5639 Current spot: 1.5601 S1: 1.5580 S2: 1.5560 S3: 1.5535 Technical overview: After a little detour to 1.5482 red wave ii finally found its bottom and we should now be in red wave iii higher. This red wave iii is expected to be very powerful […]
Today’s support and resistance levels: R3: 132.95 R2: 132.50 R1: 132.12 Current spot: 131.77 S1: 131.52 S2: 131.29 S3: 130.79 Technical overview: As we expected, it was only a question of time before resistance at 130.37 gave away and the underlying upside pressure forced the price higher. We are currently in wave 5 and the […]
Read the Daily Market Report from Dave Evans, Professional Trader USDJPY pushes further past 100 Morning Report: 08.00 London • This morning, the Japanese yen has continued to weaken against the US dollar with the 2009 high of 101.43 now in range. Other yen pairs such […]
The main focus has been the US dollar which is outperforming against its peers, breaching the 100 yen level for the first time since October 2008. The catalyst that propelled the greenback to this four year high was strong US economic data yesterday which helped eased investors’ fears about US economic growth. Initial jobless claims […]
Trading recommendations: According to the previous events, the price has still been trapped between 1.0185 (78% of Fibonacci retracement levels) and 0.9987 (50% of Fibonacci retracement levels) Long buying: Buy above 0.9900 with a first target of 1.0100, it might resume to 1.0185. Short selling: Outlook -1-: Swing trade at 1.0250 in order to sell […]
RECOMMENDATION : BUY Stop (Pending Order) @ 132.01. Stop Loss @ 131.91. Take Profit @ 132.15. Best regards, Arief Makmur Official Analyst of InstaForex Companies Group InstaForex Companies 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 […]
Pivot point: 1.3129. Overview: It should be noted that the market was stable and the trend was also so clear (downward and a range equals 166 pips). Amid the latest events the price has still been trapped between 1.3030 and 1.3385 so it is of the wisdom to be neutral at this area. Therefore, the […]
EUR/USD: The EUR/USD has lost all the gains it saw in this week when it nosedived. There is a bearish signal in place and the price could go downwards towards the support line at 1.3000. It would not be difficult for the price to reach that target, after which the price would go further downwards. […]
TODAY’s TECHNICAL LEVELS : Resistance. 3 : 101.50. Resistance. 2 : 101.30. Resistance. 1 : 101.10. Support. 1 : 100.86. Support. 2 : 100.66. Support. 3 : 100.46. DESCRIPTION : Please, pay attention to the levels of support 3 (100.46) and resistance 3 (101.50). Normally, when a level is touched, the USD/JPY […]
RECOMMENDATION : SELL Stop (Pending Order) @ 1.5424. Stop Loss @ 1.5434. Take Profit @ 1.5410. Best regards, Arief Makmur Official Analyst of InstaForex Companies Group InstaForex Companies 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, […]
The euro remains unchanged mostly and in a narrow price range within which has moved all week. However, the closure in 4 hour chart below the 15 day moving average which is located at 1.3090 is a downside momentum to the levels of 1.30 and lower to 1.2877 in the medium term. Macro indicators in […]
The dollar strengthened sharply in the US session on Thursday following better-than-expected US economic data which eased investors’ fears about US economic growth. Initial jobless claims fell by 4,000 to 323,000 in the week ending May 4, reaching the lowest level since January 2008. The dollar skyrocketed above the key threshold of 100 yen for […]
The Australian dollar in the early hours of the day took upward momentum due to an unexpected improvement in the employment data, 5.5% from the prior month. Now the Aussie is more solid this hour, given that the today’s high at 1.0251 has receded; now trading at 1.0189 which is a good level to buy […]
