Technical outlook and chart setups: Let us go through the larger wave structure presented by the Daily chart view again. The AB rally from sub 26.00 level to 35.00 level can be seen towards the larger trend which is up. BC move from 35.00 to sub 28.00 level can be termed as counter trend for […]
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 08, 2024 April 8, 2024 Potential for the breakout on the USD/JPY…. The material has…Market Comment – Stocks climb after sizzling US jobs report April 8, […]
Technical outlook and chart setups: Let us again re-visit the larger wave structure depicted here on the daily chart view. The AB rally from 1,520/30 levels to 1,798.00 level in mid-2012 was towards the larger trend rally. BC fall from 1,798.00 to 1,555.00 can be termed as a counter trend as of now. The CD […]
Technical outlook and chart setups: A daily chart view has been presented here for a larger wave structure preview. Please note the following facts as depicted here: 1. The major support trend line from 1.3800 level was breached earlier in 2012. 2. Prices formed a sequence of lower lows and lower highs around 1.4000 level. […]
Technical outlook and chart setups: As seen on the daily chart view presented here, the single currency pair has broken its minor support line and has bounced back off the lows at 119.00 level recently. Currently trading close to 120.00 level, the pair might be wanting to initiate a bounce towards 127.00 level again. This […]
The markets are still under the pressure of fundamental data. GfK Consumer Confidence Survey in Germany in March was flat, 5.9. Retail Sales in Italy in March fell 0.5% vs. drop for 0.1% in February. Italy’s 10-year bond yield climbed 4 basis points to 4.82%. It jumped 21 basis points yesterday, the most in a […]
Read the Daily Market Report from Dave Evans, Professional Trader Pound leads cautious recoveryMorning Report: 08.30 London • There is an air of cautious optimism this morning despite the imposition of strict capital controls across Cyprus. • The British Pound is leading with March house […]
Yesterday the pound preferred the negative scenario, which was amid the weak data on UK Current Account and drop of US Pending Home Sales. UK Current Account in Q4 deficit narrowed to 14 billion pounds against expectations for deficit of 12.8 billion pounds. UK Gross domestic product fell 0.3%, the same as previously estimated. US […]
Yen gained further in the Asian session on Thursday, due to safe haven demand. Helping drag the dollar-yen down was movements in share prices as Asian equity markets fell. Meanwhile year-end and quarter-end flows and investors squaring their positions on the yen are also having an effect. Focus will be on the Bank of Japan […]
RECOMMENDATION: Sell stop (pending order) at 1.5124. Take profit at 1.5110. Stop loss at 1.5134. 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 […]
The euro continued to be weighed down due to concerns in the euro zone, primarily in Italy, as the country struggles to put together a government. It has been a month since the Italy held a general election that was indecisive, and it is unlikely to have a viable government any time soon. EURUSD was […]
Overview The H4 chart demonstrates today that yesterday silver tried to break the Support area of the downward trend line with the Support level 28.45 and is still trading between the Support level 28.45 and the Resistance level 29.00. If the pair manages to break this Support area and closes 4H below it, it provides […]
Italy has been the focus in today’s currency markets, causing euro to drop sharply to a new four-month low. Demand for Italian bonds at an auction was hurt by investor nerves over a lack of progress in forming a government in Rome. This caused 5-year bond yields to rise. Meanwhile talk of a downgrade to […]
The UK GDP fell by 0.3 percent in the fourth quarter, in line with forecasts. This was the final estimate and recorded the same contraction as the previous estimate. Separate data showed that the current account for the fourth quarter grew to 14 billion pounds. This was against expectations for the deficit to stand at […]
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 08, 2024 April 8, 2024 Potential for the breakout on the USD/JPY…. The material has…Market Comment – Stocks climb after sizzling US jobs report April 8, […]
USD/CAD Elliott Wave For the last few weeks the USD/CAD pair was trading downwards, corrective wave Y (coloured blue) of the bigger wave (4) (coloured green) was developing. During the Tuesday’s Asian session we could observe ascending movement from 1.0189 towards 1.0209 level. Therefore, during the European and New York sessions this currency did not […]
FOREX Daily Outlook by Easy-Forex.com How Low for the Euro? The euro (EUR) continues its gradual decline against the US dollar (USD). The pair touched a six month low at 1.2825 before correcting slightly to 1.2850. The single currency, which had already been sliding due to weaker European growth prospects slid even further after last […]
AUD/USD Elliott Wave Since our last analyses the AUD/USD pair was trading downwards, just like we expected, corrective wave A (coloured blue) of the bigger wave (4) (coloured green) was developing. Yesterday, during the Asian and European sessions we could observe ascending movement from 1.0447 towards 1.0496 level and we can consider this move […]
Yesterday the markets calmed down after the head of the euro area group of finance ministers, Jeroen Dijsselbloem, spoke and the pound dropped 16 points. Today at 13:30 GMT+4 UK Current Account in Q4 is published. It is forecast to be flat, -12.8 billion pounds. Meanwhile, UK GDP in Q4 is issued; it is expected […]
Read the Daily Market Report from Dave Evans, Professional Trader Euro drags againMorning Report: 08.30 London • This morning, Cyprus is acting as a drag sail for the euro (and markets as a whole) as investors warily await the re-opening of banks tomorrow. In other […]
Yesterday data on US was worse than forecast. Durable Goods Orders in February grew 5.7% vs. expectations for 3.9%. However, durable goods orders excluding transportation dropped 0.5% vs. expectations for a 0.7% growth. New Home Sales were 411K against expectations for 426K and 431K in January. Consumer Confidence index in March fell as well. Nevertheless, […]
The Australian dollar maintained its gains made just before the Asian session open when it hit its highest in two months at $1.0495, the highest since January 24. Helping boost the currency was speculation that the Reserve Bank of Australia will be less likely to cut interest rates in its next policy meeting on April […]
EUR/USD: The trend on the EUR/USD is largely bearish; the EMA 11 is below the EMA 56 and the Williams’ Percentage Range is in the oversold area. In spite of the current struggle between the bull and the bear, the price could plummet further towards the support line at 1.2800. USD/CHF: Here, the trend is […]
This form from a secure source, and is embedded into our site. You may enter your personal details without fear of them being transmitted unencrypted to InstaForex Related Posts:Overview of the EUR/USD pair. November 2nd. The Fed “left… November 2, 2023 The currency pair EUR/USD once again did not show any…USD/JPY: Don’t rush to open […]
Crude oil was the best performer during the US session on Tuesday, rising to above $96 a barrel, the highest in five weeks, boosted by optimism over energy demand fed by a jump in US durable goods orders. May crude is up over $1.60 on the day, and peaked at $96.43, the highest since February […]
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 08, 2024 April 8, 2024 Potential for the breakout on the USD/JPY…. The material has…Market Comment – Stocks climb after sizzling US jobs report April 8, […]
The price around 1.5300-1.5330 marks the upper limit of the consolidation pattern above 1.5075. Hence, formation of a lower high around 1.5220, followed by breakdown below 1.5075, has been enhancing the bearish sentiment of the market. Also the daily closures, which were observed during the last two weeks, imply the continuation of the […]
The USD/CAD pair is holding firmly above its broken resistance at 1.0100 level. However, lack of the bullish steam seemed to exist during the last two weeks and the pair seems to be under negative pressure. Last week we got some bearish rejection around 1.0300, which was followed by multiple days of indecision within the […]
Long-term trading success depends on more than the right trading method: adequate capitalization, money management skills and emotional discipline are also vital. Yet it isn’t always easy to put your finger on which elements of trading success may cause you to struggle in the markets. Elliott Wave Junctures editor Jeffrey Kennedy shares some of his […]
Long-term trading success depends on more than the right trading method: adequate capitalization, money management skills and emotional discipline are also vital. Yet it isn’t always easy to put your finger on which elements of trading success may cause you to struggle in the markets. Elliott Wave Junctures editor Jeffrey Kennedy shares some of his […]
