Overview: Since our last analysis, Gold has been trading upwards, the price tested the level of 1,267.68 on high volume, we are still waiting for further downward movement. In the daily chart, we can observe demand bar on volume above the average. We are still likely to see it testing the weekly FE level of […]
Both the euro and the dollar lost ground against the Japanese yen during today’s European trading, as traders decided to book profits from some of the most profitable trades of 2013. The dollar fell 0.14% to trade at 102.58 as news of a budget deal in the United States were received in a positive manner […]
(click to enlarge) Although the pound managed to make fresh 2-year highs during Tuesday’s (10 December) trading against the dollar, this momentum was not sustained and the pound fell back. 1.6464 was the highest level for the pair going back to August 2011. The pound’s move was overextended as can be seen by the very […]
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, […]
FOREX Daily Outlook by Easy-Forex.com The EU Morning Report – Sterling trades near its two year high – 10 December 2013 Written by the easy-forex team Currencies The euro (EUR) advanced even higher during yesterday’s session and touched its monthly high at 1.3767 against the US dollar (USD). The single currency is now trading around […]
Markets step off the gas Morning Report: 08.15 London • Markets have slowed down their appetite for risk taking this morning, with traders more keen to book profits than explore new angles. The S&P 500 is dropping off, while the dollar index continues its down trend. • The yen pairs are seeing the biggest movement, […]
Today’s Support and Resistance levels: R3: 167.50 R2: 167.16 R1: 166.61 Current Spot: 1.6626 S1: 1.6584 S2: 1.6550 S3: 1.6516 Technical summary: We are still looking for green wave iii to push over resistance at 1.6750 confirming that a new powerful rally towards at least 1.7239 is developing. As long as resistance at 1.6750 stays […]
Today’s Support and Resistance levels: R3: 142.82 R2: 142.17 R1: 141.69 Current Spot: 141.36 S1: 140.99 S2: 140.40 S3: 139.96 Technical summary: Ideally we will see support at 140.99 protecting the downside for a break above 141.69, confirming that the final rally higher towards 142.80 and possibly even higher towards 144.00 if the final wave […]
USD/CAD Elliott Wave For the last few days the USD/CAD pair has been trading downwards, impulsive wave .iii (coloured blue) of the bigger wave i (coloured blue) has been developing. Yesterday, during the Asian and European sessions, we could observe descending movements from 1.0644 towards the 1.0610 level. Therefore, during the New York session this commodity pair continued trading downwards and […]
AUD/USD Elliott Wave Since our last analysis the AUD/USD pair has been trading upwards, just like we expected, impulsive wave .iii (coloured black) of the bigger wave i (coloured blue) has been developing. Yesterday, during the Asian session we could observe descending movements from 0.9116 towards the 0.9080 level. Therefore, during the European and New York sessions this major […]
Overview: GBP/JPY is trading in a lower range. It is undermined by negative risk sentiment; Japan exporter sales. But GBP/JPY losses are tempered by demand from Japan importers. Daily chart is still positive-biased as MACD is bullish, stochastics stays elevated at overbought; the 5- and 15-day moving averages are advancing. Trading recommendation: The pair is […]
Overvie: NZD/USD is consolidating with bullish bias after hitting a three-week high of 0.8334 Tuesday as markets await RBNZ official cash rate announcement: RBNZ is expected to stay pat at 2.5%. NZD/USD is supported by negative USD sentiment; buoyant commodity prices. But NZD/USD gains are tempered by Kiwi sales in rebounding AUD/NZD cross; Kiwi sales […]
Overview: USD/CHF is consolidating with bearish bias after hitting a two-year low of 0.8848 Tuesday. It is undermined by negative USD sentiment; flows to haven CHF amid increased risk aversion; franc demand in soft EUR/CHF cross. Daily chart is negative-biased as MACD is bearish, stochastics stays suppressed in the oversold area; the 5- and […]
EURUSD: On this pair, the bias is predominantly bullish as confirmed by the position of the indicators and the price action. There is currently a minor pullback in the market, but when the price does resume its movement, it would be to the upside, the price would probably reach the resistance line of 1.3800. USDCHF: […]
Technical Outlook: EUR/USD is consolidating after hitting a six-week high of 1.3795 Tuesday. it is supported by negative USD sentiment; reduced expectations that the European Central Bank will ease monetary policy further–ECB President Mario Draghi said Tuesday that while inflation is expected to stay well below the ECB’s target of just under 2% “for a […]
Overview: GBP/USD is consolidating with bullish bias after hitting a two-year high of 1.6465 Tuesday. It is supported by negative USD sentiment; NIESR U.K. November monthly GDP estimate of +0.8%; expectations that the Bank of England may have to raise interest rates sooner than previously expected. But sterling sentiment is dented by lower-than-expected U.K. October […]
General overview for 11/12/2013 07:30 CET Both yesterday’s targets was hit and the market is giving us some first indications of a possible top in place. The first wave down has been done and now corrective cycle wave (ii) is developing. The first two waves a and b look to be done and there is […]
General overview for 11/12/2013 07:50 CET Supply Breakthrough Zone has been violated and the price had found support at Technical Support level of 1.06010. The count still does not look much impulsive in any direction and I do not rule out the upside impulsive wave progression to finish wave (5) purple here, BUT I have […]
Overview: EUR/JPY is trading in a lower range after hitting a five-year high of 142.19 Tuesday. It is undermined by negative risk sentiment; Japan exporter sales. But EUR/JPY losses are tempered by demand from Japan importers. Technical Comment: Daily chart is still positive-biased as MACD is bullish, stochastics stays elevated at overbought; the 5- & […]
Overview:: USD/CAD is trading in lower range. It is undermined by negative USD sentiment; firmer commodity and oil prices (Nymex crude settled $1.17 higher Tuesday at $98.51/bbl). But USD/CAD losses are tempered by loonie sales in soft CAD/JPY cross amid increased investor risk aversion. Technical comment: Daily chart is negative-biased as stochastics is falling from […]
Major currency pairs registered relatively minor changes during today’s Asian session. The euro was little changed versus the US dollar at 1.3762, having hit a high of 1.3795 during the previous day – not far from its two-year high of 1.3831 made six weeks ago. According to newswires, the euro was helped by end-of-year repatriation […]
After a good rally, gold halted near the resistance zone. Yesterday, the market was prevailed by bulls. We penned a positive divergence in charts, hence it came true. Thanks to all the bull bidders and to the indicators. For today’s trading session gold levels are following: NEAR TERM – 1 278 strong resistance. INTRA VIEW […]
European markets have opened mixed today, amid uncertainty over the US Federal Reserve’s tapering timeline. Meanwhile, US lawmakers reached a deal to reduce automatic spending cuts and provide $23 billion in deficit reduction spread over two years. With no release of major domestic economic data during the day, investors would keep a close eye on […]
Like USDMXN this pair is moving southwards at the start of December. After making a high at 1.2546 the pair corrected a bit up to 1.2447. Yesterday, the pair broke the trend line and managed to close above the trend line. Today’s trading pattern will determine the further price range of this counter. In Asia’s […]
USDMXN The third quarter helps Mexican economy to come out of its wounds. Currently, it shows a better-than-expected improvement led by recent Auto Sector numbers. The exports turn to double digit. The Mexican cars showed good export figures, but not in domestic sales. Rising exports pointed a strong recovery after a sharp slowdown. GDP grew […]
EUR/USD today will move with moderate volatility because during the European and the US market sessions, some news which has a good impact to the market will be released; at the European trades they will release the French Final Non-Farm Payrolls q/q; and the German Final CPI m/m. At the US market session they will […]
We predict the USD/JPY seems to be slightly slow in the Asian session, but it will move with moderate pace in the US trading session, this will happen because during the Asian trades, Japan will release some news with not a significant impact such as Core Machinery Orders m/m; CGPI y/y; but in the US […]
Overview: Pair: USD/CHF. Pivot point: 1.8990. Range: 65 pips – 80 pips. Trend: Bearish market. The price is probably going to form strong support at 0.8705 (below 61.8% of Fibonacci retracement levels in the weekly chart). It formed the last bearish wave for the last month, and the level of 0.9050 acts as strong […]
Weekly pivot point: 1.6360. Forecast: GBPUSD: According to previous events, the price has still been trapped between 1.6430 and 1.6480. Buy above 1.6425 with the first target of 1.6475, it might resume to 1.6525. Stop loss should be set below 1.6400, additionally the weekly resistance 1 is set at the level of 1.6420 […]
Overview As shown on today’s 4H chart, this week the pair has closed below the Resistance level of 170.00 and couldn’t break it which means the pair will almost reverse its bullish move this week, it takes a downward move. Today, the pair has already started its downward move after it had hit the Support […]
