AUD/USD Elliott Wave Since our last analysis the AUD/USD pair has been trading downwards, corrective wave (c) (coloured blue) of the bigger wave (iv) (coloured red) has completed cycle from the 0.8819 level. During today’s Asian session we could observe strong descending movement from 0.8950 towards 0.8853 level and we can consider this move as potential start of […]
Overview: Since our last analysis, the EUR/NZD pair has been trading upwards, as we expected, the price tested level of 1.6826 on high volume. As you can see from the chart, the price rejected from level of 1.6717 (around FE 100 %), so we marked level of 1.6717 as the end of bearish corrective phase. […]
(click to enlarge) The announcement of the final Eurozone Manufacturing business sentiment index (PMI) for December was a confirmation that the region’s economic recovery was on track. Hence, economic growth in the 1% to 1.5% range looks quite plausible for the Eurozone during the New Year. The final headline figure came in line with expectations […]
FOREX Daily Outlook by Easy-Forex.com The EU Morning Report – Currencies mixed ahead of holiday season – 23 December 2013 Written by the easy-forex team Currencies The euro (EUR) has rebounded against the US dollar (USD) after touching 1.3636 on Friday. The single currency is currently at 1.3681 and may be looking at resistance 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:EUR/USD. April 25th. Bulls continue to advance and expect a… April 25, 2024 The EUR/USD pair made a new turnaround in favor of…Forex forecast 04/25/2024: EUR/USD, USDX, Gold and Bitcoin… April […]
General overview for 02/01/2014 11:50 CET Five impulsive waves to the downside has been done and the level of 1.0614 is the low of the wave (i) now. Currently price is in corrective cycle wave (ii) that might have been finished for now and any breakout below the golden trend line and then below the […]
General overview for 02/01/2014 11:00 CET Today we will take more broader look at this pair on weekly, daily and intraday charts. From the bigger perspective view the Elliott Wave count on the weekly chart still shows the possibility of another high that could be made as long as the DEMAND ZONE between the levels […]
The Dollar index, despite gapping up today, has reached the important resistance level at 80.40 that we noted in our last analysis and was rejected right away. Prices are pulling back down to fill the gap. The current price action remains corrective inside the triangle boundaries. We remain neutral. As can be seen in the […]
Gold prices have met the minimum requirements for 5 wave, decline from $1,260, as on the last session of 2013, prices made a new lower low for wave 5. We were expecting prices to make the low below $1,1170 but, since requirements were met, we can conclude that the decline is over. The gap up opened […]
Sterling remains strong against the euro, keeping EURGBP bearish. Currently there is congestion at the 50% Fibonacci retracement level at 0.8286 of the move from the July low to the February high, as observed on the weekly chart. This Fibonacci level acts as strong support in the near term but a potential move below this […]
2014 Starts With Silver Lining Morning Report: 07.15 London • Despite a dip in Asian markets and disappointing Chinese manufacturing figures, markets have started 2014 on a high. European indices and US stock market futures are on the rise after a number of days of stagnation. • The dollar index is rising slightly, but […]
Strong bullish sentiment was found at the support area around 1.4830, which pushed the pair to 1.5700, the level where two prominent tops were established, until the bulls initiated another bullish impulse towards 1.6200 where other two prominent tops were established. It is worthy of note that the market initially expressed a bearish rejection around […]
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Prominent support zone was located around 1.0250. On September 19, the pair expressed a false breakdown reaching 1.0180 where an obvious bullish rejection was expressed to get the pair back above 1.0250 again resulting in a bullish Hammer weekly candlestick. As expected, the bullish momentum was expressed again at retesting of the lower limit of […]
Today’s Support and Resistance Levels: R3: 1.6818 R2: 1.6790 R1: 1.6765 Current Spot: 1.6733 S1: 1.6683 S2: 1.6621 S3: 1.6569 Technical Summary: We are currently at strong support near 1.6683 and a break below here will indicate continuation towards the 1.6569 area. However, if this support protects the downside from a break above 1.6807, the […]
The first trading day of the New Year began relatively quietly with some mixed reaction to some disappointing manufacturing data from China yesterday. The official headline PMI fell more-than-forecast in December to 51.0 from 51.4, month-over-month, versus an expected 51.2. Meanwhile a private PMI report from HSBC gave a figure in line with expectations at […]
Today’s Support and Resistance Levels: R3: 145.32 R2: 145.17 R1: 145.01 Current Spot: 144.84 S1: 144.60 S2: 144.37 S3: 144.06 Technical Summary: We are still looking for evidence that wave v of 5 is in place at 145.69. The first real evidence will be a powerful break below 144.37, but only a break below 140.91 […]
EUR/USD: The first thing expected on this pair is the price to break the resistance line of 1.3800 to the upside, before going further upwards. The EMA 11 is above the EMA 56 and the position of the Williams’ % Range is in support of the bullish effort. In addition, there is a support to […]
The AUD/USD (Daily Charts) is still under the bearish pressure. This is already indicated by the SMA 20 (Bollinger Bands Middle Line), it is moving bellow the Exponential Moving Average 50 periods. However, the RSI (14) is forming a Double Bottom pattern, and the price is still in the demand area. This condition indicated that […]
At the daily charts, the GBP/USD is moving in a sideways direction, however the Stochastic Oscillators have already indicated that this currency gets the downside pressure. If we look at the Moving Average periods 3×3, which we projected for three days ahead, they indicated the slope that want to be flat. So even for now […]
Technical Outlook and Chart Setups: 1. The single currency pair is trading sideways as seen on shorter timeframes, (4H specifically). As seen on the daily chart depicted here, a push above the 145.00/50 level will still open doors for 147.00 on the higher side. Recommendations are to remain flat for now and await for a […]
Technical Outlook and Chart Setups: 1. The GBP/CHF has exceeded the pullback/retracement towards the 1.4800 level, as depicted here. This is also the 0.786 retracement/resistance of the downswing from 1.4900 to 1.4350 recently. It is recommended to remain short with risk above 1.4900. 2. Major resistance is fixed at the 1.4900 level, while supports are […]
GBP/USD: tight sideway range on January 2, 2013. Overview: Due to the upcoming Christmas and New Year’s holidays, the trading working hours of many major financial centers was changed, which affected the trading of the GBP/USD pair notably, because the market was not stable and the trend was not clear. Consequently, the market will probably […]
Daily pivot point: 1.3781 Trading recommendations: According to previous events, the EUR/USD pair has still been trapped between the level of 1.3860 and the 1.3687 level (those levels coincided with the fibonacci retracement levels 88.2% and 23.6 respectively). It should be noted that the 1.3884 price (around double top at the level of 1.3892) will act as […]
European markets have opened slightly higher today, as investors awaited in anticipation the release of manufacturing PMI data from the Eurozone and several European countries, due later in the day. However, a disappointing reading of China’s manufacturing activity indices kept the gains in check. Closer home, investors eyed UK manufacturing PMI, which is widely expected […]
January 24, 2014 – Forex News Hot asset for today: GBP/USD On Thursday the EUR/USD the left its sideways move and climb up to 1.3700. The pair added about 180 pips during the European and American session spurred by great French, German and EU Manufacturing PMI and by EU Current Account. The movement up continued […]
FOREX Daily Outlook by Easy-Forex.com The EU Morning Report – Currencies mixed ahead of holiday season – 23 December 2013 Written by the easy-forex team Currencies The euro (EUR) has rebounded against the US dollar (USD) after touching 1.3636 on Friday. The single currency is currently at 1.3681 and may be looking at resistance 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:Forex forecast 04/09/2024: EUR/USD, GBP/USD, Oil and Bitcoin… April 9, 2024 We introduce you to the daily updated section of Forex…Video market update for April 09, 2024 April 9, 2024 Potential […]
Daily chart: The USDX is set to fall and now is trying to make a breakout in the support level of 80.11. If successful, it is expected to extend its fall to the support level of 79.19, but we must be careful when placing sell orders, as the USDX formed fractals near the level of […]
Daily chart: This pair continues to make consolidation moves below the resistance level of 1.6540. Now, it is expected to form the bullish pattern to continue strengthening the current bullish trend. However, if the pair manages to break the support level of 1.6447, it’s expected to fall to the level of 1.6326, which would be […]
