Overview: Since our last analysis, the EUR/NZD pair has been trading downward, the price tested the level of 1.6264 on lower volume. As you can see in the chart, we got FR 61.8 % at price 1.6270 from the most recent swings.We can observe that strong demand has entered the market at price 1.6220 and […]
Overview: Since our last analysis, gold has been trading downward, the price tested level of 1,235.33 on volume above the average.We can alsoВ observe that supply has entereted the market at 1,253.00 (selling climax) which caused price to start bearish movement.If the price breaks the level of 1,256.00 (FE 61.8) on high volume, we may […]
The dollar was the main driver of major currency pairs today as US data were supportive. The dollar began its move higher after Tuesday’s solid US retail sales data and Fed officials (Plosser and Fisher) talking up the taper. Meanwhile, today’s US PPI release and the US Empire State Manufacturing Index also had a positive […]
Daily СЃhartВ The USD/CHF continues today with its upward trend. Yesterday it made a U-turn from its level 50.00 Fibonacci retract. At this time in the morning, after having gone beyond their level of advancement of 61.8. This level is in the area of its neutral line of 4/8 of the lines of g, Murrey […]
FOREX Daily Outlook by Easy-Forex.com The EU Morning Report – Volatility picking up in markets after holiday freeze – 15 January 2013 Written by the easy-forex team Currencies The euro (EUR) dropped on yesterday’s trading session against the dollar. The single currency has fallen from 1.3698 to 1.3635 hinting at a reversal of its bullish […]
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:EUR/USD. April 26th. Bulls continue to advance after the GDP… April 26, 2024 The EUR/USD pair on Thursday rebounded from the corrective level…Weekly Forex Outlook: 26/04/2024 – Hawkish risk as Fed […]
Gold prices have most probably completed the upward three wave correction from $1,180. Prices have broken the short term upward sloping trend line and this is our first bearish signal. Our next bearish signal will come when and if prices break below the intermediate low at $1,220 and thus confirm that the upward move is […]
The Dollar index after back testing the broken triangle has started another move upwards towards the important resistance area of 81-81.50. Chances are now again in favor of the bullish scenario. There are increased chances that this time the resistance at 81.50 will be broken and the index will eventually start a new upward move […]
The S&P 500 rally has currently stalled near the all-time highs hit on January 2nd when it reached 1845.75. The market is now at an important point as the S&P consolidates at these all-time highs and it would be interesting to see if it will be able to sustain these gains to push above the […]
China data halts rebound Morning Report: 08.45 London • After a strong rebound last night that saw US markets most of the loss from Monday, cautious trading has returned following poor Chinese lending data. • The dollar index is back on the rise, causing a ripple effect across the main forex pairs. […]
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Today’s Support and Resistance levels: R3: 1.6522 R2: 1.6449 R1: 1.6359 Current spot: 1.6345 S1: 1.6331 S2: 1.6298 S3: 1.6256 Technical summary: We saw the expected decline closer to 1.6223 (the low has been 1.6214) followed by a correction higher. We expect resistance at 1.6369 will protect the upside for a break below 1.6331 calling […]
USD/CAD Elliott WaveВ Since our last analysis the USD/CAD pair has been trading upwards, impulsive wave v (colored blue) ofВ the bigger wave (a) (colored red) has been developing. In the 1-hour chart of the USD/CAD pair you canВ see that the (a definite article is needed) price found support around 1.0842, where wave iv (coloured blue) […]
AUD/USD Elliott WaveВ After a few weeks in a choppy upward move, the AUD/USD pair moved lower yesterday, impulsive waveВ i (coloured blue) of the bigger wave (v) (coloured red) was developing. Yesterday’sВ descending movements from 0.9085 toward 0.8927 look impulsive, and that is why we are going with idea thatВ corrective wave (iv) (coloured red) is already […]
Today’s Support and Resistance levels: R3: 143.09 R2: 142.84 R3: 142.54 Current Spot: 142.33 S1: 142.19 S2: 142.04 S3: 141.92 Technical summary: The clear break above 141.49 and more importantly the break above 142.04 has forced us to recount the decline from 145.69. Instead of black wave i ending at 141.49 we have moved the […]
General overview for 15/01/2014 08:05 CET The extension in wave 5 green is comming to an end and the bearish divergence on the AO oscilator must be taken into account finally. The count has been changed slightly and I have put the top for wave iii at the previous top of the wave C blue. […]
EUR/USD: On this pair, we are watching the resistance lines at 1.3700 and 1.3750 as barriers to any possible rallies. We are also watching the supports line at 1.3600 and 1.3550 as possible barriers to bearish runs. Generally, the market is in a kind of equilibrium phase, but the bulls still seem to be gaining […]
В General overview for 15/01/2014 07:50 CET The bottom at the level of 140.49 has been established and the price rebounded impulsivley to the upside. The rebound looks like it is in five waves up so it is correction time now. The Weekly Pivot level В might provide a nice support for the price, and there is […]
The US dollar was bolstered by better-than-expected US retail sales data, which helped ease concerns about the pace of growth in the US economy. Investors felt more confident in buying back the dollar after its recent retreat on the back of weak nonfarm payrolls on Friday. December US retail sales edged up in December by […]
When the European market opens, some economic news will be released such as Trade Balance.В The US will release some economic data such as the US-PPI m/m, US-Empire State Manufacturing Index, and Crude Oil Inventories, so amid the reports, EUR/USD will move with low to medium volatility during this day. TODAY’s TECHNICAL LEVELS: Breakout BUY Level: […]
In Asia, Japan will release the M2 Money Stock y/y, 30-y Bond Auction, and Prelim Machine Tool Orders y/y,В and the US will release some economic data such as US-PPI m/m, US-Empire State Manufacturing Index, and Crude Oil Inventories. So there is a big probability the USD/JPY will move with low to medium volatility during this […]
Daily ChartВ The American Petroleum Institute reported a decrease of 4.1 million barrels in crude supplies for the week ending January 10. The analysts had forecast a fall of 1.6 million barrels in the crude supplies. As a result of this announcement crude oil prices recovered their loss of the previous session, which was above […]
Daily chart: The USDX has been consolidating over the level of 80.62. This consolidation has been achieved thanks to the bullish force that presented the USDX in the past due to fundamental factors. However, it is very likely that the USDX find dynamic resistance in the 200 SMA. On the other hand, if the USDX […]
Daily chart: The pair tried to consolidate above the level of 1.6447, but again the GBP/USD has found resistance at that level. The trend is not clear yet in this chart, as the GBP/USD has made sideways movement within the range between the levels of 1.6326 and 1.6447. However, if the pair manages to break […]
European markets have opened higher today, as investors grew optimistic about the global economic recovery after the World Bank revised higher its global growth forecast. Closer home, investors await the release of the Conference Board’s leading economic indicator in the UK, due later in the day. Related Posts:Weekly forecast based on simplified wave analysis of… […]
В Fundamental analysis Futures on light crude oil rebounded this Tuesday in the United States following the losses in the previous day, waiting for data on key weekly supply of the United States determine the intensity of the demand for oil from the largest consumer of black gold of the world. However, amid the fundamental aspect […]
The daily pivot point of the GBP/USD pair is 1.6405. В Overview:В The GBP/USD pair will probably be trapped between 1.6373 and 1.6516 consequently; it is of the wisdom to be careful at this range area of 143 pips. In particular, it will be too meaningful to wait for a period of tight sideway range […]
В Overview:В The AUD/USD pair had risen from the strong level of 0.8866 and it had extended further to as high as 0.9070 yesterday but it closed at the 0.8962 level to day. It should be noted that the support will form at 0.8866 because this level has also formed double bottom on January 15, […]
The USD/CAD bulls are pushing towards higher price levels (1.0900) that haven’t been reached since September 2009.В The USD/CAD pair has been strongly bullish since September 16. The current Bullish momentum was initiated at retesting of 1.0250 (shown on the depicted chart). Daily fixation above 1.0570 enabled the pair to establish a consolidation range between […]
Bullish movement above 1.3450 within the depicted bullish channel allowed the pair to reach further supply levels around 1.3650 and 1.3750, respectively. This was taking place until obvious bearish rejection was expressed at 1.3850 (failing to reach 100% Fibonacci Expansion at 1.3904). Few days later, the bulls managed to break down the lower limit of […]
