Daily chart: This pair is consolidating above support level of 1.6447. It is very likely that this pair will rise to the resistance level of 1.6540, but we must remember that the GBP/USD is still forming a higher low pattern. If the pair manages to break the support level at 1.6447, it is expected to […]
Overview: NZD/USD is trading with bearish bias. It is undermined by positive dollar sentiment; Kiwi sales in soft NZD/JPY cross amid receding investor risk appetite; weak commodity prices; concerns over tepid China economic outlook. But NZD/USD losses are tempered by Kiwi demand in soft AUD/NZD cross; caution ahead of Friday’s U.S. December non-farm payroll report. […]
Overview: GBP/JPY is trading in a higher range. It is undermined by decreased investor risk appetite; Japan exporter sales. But GBP/JPY losses are tempered by demand from Japan importers. Daily chart is negative-biased as MACD and stochastics are in the bearish mode; the five-day moving average is below 15-day MA and declining.В Trading recommendation: The […]
Overview: USD/CHF is consolidating with bullish bias after hitting six-week high 0.9126 Wednesday. It is supported by positive dollar sentiment; franc sales in soft CHF/JPY cross. But USD/CHF gains are tempered by caution before Friday’s U.S. December non-farm payroll report. Daily chart is positive-biased as MACD and stochastics are bullish, although the latter in overbought […]
The USD/CAD pair has been strongly bullish since September 16. The current Bullish momentum startedВ when obvious bullish rejection was expressed on testing of 1.0250 (shown on the depicted chart). Daily fixation above 1.0575 enabled the pair to reach 1.0660 then 1.0700. A consolidation zone was established between 1.0575-1.0700 (the upper limit of which applied successive […]
Bullish movement above 1.3450 within the depicted bullish channel allowed the pair to reach further supply levels around 1.3650 then 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 […]
Breakthrough above 1.6240-1.6300 took place in December when another consolidation range was established between 1.6240-1.6450. The last bullish impulse was initiated towards 1.6570-1.6600 in an attempt of bulls to record new highs in 2013.В The last bearish rejection took place on Thursday (January, 2) when bearish pressure was applied near the level of 1.6600 (the […]
The release of the minutes from the latest Federal Open Market Committee (FOMC) meeting on December 17/18 signaled that perhaps the market was underestimating the Fed’s willingness, if not to actually tighten soon, to reduce the amount of monetary stimulus. During the meeting, certain Fed Governors noted that the benefit from additional asset purchases seemed […]
В Daily pivot point: 1.6435 Overview:В The GBP/USD pair has still been trapping between the level of 1.6480 and the 1.6400 level. Furthermore, it should be noted the following observations:В The trend: the trend still calls for a bullish market from the level of 1.6366, For that the market will be an upward today.В Support: 1.6370 […]
В General overview for 09/01/2014 11:50 CET Corrective cycle is getting more complex and time consuming and currently the labeling has been slightly changed to indicate this possibility. The main SUPPLY ZONE between the levels of 143.16-143.30 still put a lid on any upside rallys in this pair and there is a possibility, that last wave […]
Overview: Since our last analysis, the EUR/NZD pair has been trading upward movement, price rejected from the level of 1.6347 and tested level of 1.6489 . As you can see on the 1H chart, strong demand on ultra high volume entered В the market which is good sign for possible major bullish continuation. Since our FE […]
Overview:В The AUD/USD pair had fallen from the level of 0.9010 has extended further to as low as 0.8823 to form double bottom since December 18, 2012, and it closed at the 0.8890 level yesterday. Consequently, it should take in account two important observations: the price has formed a strong support around the double bottom […]
В General overview for 09/01/2014 11:30 CET The first of the target zones, marked as yellow rectangle on the chart, has been reached yesterday. The price retraced slightly then and currently is trying to reach the upper target zone, makred as orange rectangle on the chart. This zone is the final target area for wave v […]
Overview: Since our last analysis, gold has been trading upward movement, as like we expected, the price tested level of 1,226.94 on lower volume (below the average). The price rejected again from our SR zone at price 1,219.00 . We can also observe selling climax at 1,218.00, which is a sign that selling at this […]
EUR/USD: In this market, the current surge (upturn) in the price simply means that it is rising amid a downtrend. The downtrend is still a valid thing, and the price is not expected to go above the resistance line of 1.3650. The price may fall further from there or before reaching there. USD/CHF: В In this […]
FOREX Daily Outlook by Easy-Forex.com The EU Morning Report – Canadian dollar reached its two and a half year low – 08 January 2014 Written by the easy-forex team Currencies The euro (EUR) dropped down to 1.3596 and lost almost 60 pips against the US dollar (USD), after worse than expected inflation data came out […]
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 […]
The euro crossed above the key psychological 1.36 level during early European session trading today. EURUSD is at risk from key fundamentals today which could act as a catalyst to give the pair a clearer direction. Better-than-expected Euro zone business and economic sentiment released today has kept the euro supported but the stochastics are approaching […]
Today’s Support and Resistance level: R3: 1.6546 R2: 1.6518 R1: 1.6503 Current Spot: 1.6458 S1: 1.6439 S2: 1.6413 S3: 1.6368 Technical summary: The failure to clearly break below support at 1.6366 indicates, that a more complex correction is taking place. We are looking for an expanded flat correction, which will like take us up to […]
Today’s Support and Resistance levels: R3: 142.97 R2: 142.85 R1: 142.64 Current Spot: 142.51 S1: 142.38 S2: 142.12 S3: 141.73 Technical summary: We are likely in the very early part of the powerful wave iii lower. This coming wave iii will ideally take us down to at least 136.43 and possibly lower. However, in the […]
January 9th 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist. Pensive markets this morning, waiting for central banks BOE and ECB to meet with decisions which are expected to be unchanged but could possibly yield some hints about the future of monetary policies. BOE likely to be a bit of a non-event, leaving the […]
Chinese CPI dip limits early movement. Morning Report: 08.15 London • Lack lustre Australian building approvals and Chinese PPI data more than offset strong Aussie retail sales data across Asian this morning and this has translated into cautious trading in the early European session. • The dollar pairs are making moderate gains with […]
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The much-anticipated FOMC minutes late on Wednesday was a non-event and did not result in any strong moves for the US dollar as had been expected by some market participants. The minutes of the last Federal Reserve policy meeting in December did not reveal anything new and was more of a repeat of what Fed […]
During the Asian session, we predict the USD/JPY pair will move with low volatility because there is no economic data to be released in Japan. During the US trades, this pair will move with low to medium volatility, because the US will release some economic data such as US-Unemployment Claims, US-Natural Gas Storage, and the […]
The eurozone will release some economic data such as French Trade Balance, French 10-y Bond Auction, German Industrial Production m/m, Minimum Bid Rate with the ECB Press Conference. Please pay attention that during the ECB Minimum bid rate and after that the ECB press conference there will be lots of activity and volatility/ The US […]
Recovery in Europe benefits the export-oriented sectors of the Swiss economy. We could expect in 2014-2015, the global economy will shift into a higher gear. The economic recovery is now underway in the developed world and will gain additional momentum in the year of 2014. The US economy is expected to grow at a comparatively […]
Technical outlook and chart setups: 1. Silver has broken out the short-term resistance line in the past few trading sessions. Also it is seen to be back testing the line, which is support now at the $19.00/20.00 levels. It is recommended to initiate 50% long positions at the current level of $19.65; risk remains at […]
Technical outlook and chart setups: 1. Gold has broken out the short-term resistance line, as seen in the daily chart. Furthermore, the $1,250.00 level has also been probed by the bulls recently. The recommendations are to remain flat for now. 2. Immediate resistance is seen at the $1,267.00/70.00 level followed by $1,295.00, while support is […]
European markets have opened mixed today, ahead of monetary policy statements from the European Central Bank and the Bank of England due later in the day. Both central banks are expected to leave monetary policies unchanged, but the ECB might remind markets that it could ease monetary policy further if inflation stays too low or […]
