General overview for 08/04/2014 09:10 CET The grey rectangle area provided resistance so far and the price was rejected from the higher levels. The overall picture is still bearish, but it is lacking of a momentum to the downside as there is a bullish divergence building in this pair on AO oscillator. Please notice that […]
The Weekly technical levels of USD/CHF pair. Tips: R3 and S3 are considered to be clear indicators of the maximum range of extreme volatility, though it is possible to pass them through. Pivot lines work well on the sideways markets as the prices are most likely to be located between the R1 and S1 lines. […]
General overview for 08/04/2014 08:45 CET The grey rectangle area provided the resistance as anticipated and those of traders who entered short positions from the levels recommended yesterday should be in profit by now. Currently, there is still a possibility of downside extension to the level of 140.70 min as the price is now in […]
EUR/USD: The price has bounced upwards from the support line at 1.3700 (after it was tested rigorously last week and early this week). The upward bounce is not strong enough to render the dominant bearish bias useless, unless the price crosses the resistance line at 1.3800 to the upside and trades further higher. In effect, […]
The BOJ agreed to maintain the 0.10% interest rate and monetary policy unchanged, in line with expectations. Japan also will release February figures for its current account, which is expected to show a surplus of 618.1 billion yen following the 1.589 trillion yen shortfall in January. The US dollar weakened in front of the FOMC […]
Asian shares discarded their early losses and were steady on Tuesday, although Japanese shares tumbled as the yen kept its profits even after the Bank of Japan held policy steady. MSCI’s widest index of Asia-Pacific shares outside Japan accrued 0.3%. Japan’s Nikkei stock average repelled the regional trend and slid 1.1% to hit its lowest levels in […]
The Japanese yen prolonged its two-day gains and a gauge of indicated rate swings in currency markets dropped to a seven-year low as the Bank of Japan is predicted to retain its monetary easing measures. Last month, BOJ Governor Haruhiko Kuroda said the chances were high the inflation will hit the central bank’s target of 2% next […]
US stocks plummeted on Monday with the S&P 500 listing its largest three-day plunge since January, as investors took down Internet stocks and revolved into defensive names to shield versus additional declines. Technology stocks were among the biggest losers as Amazon.com dropped 1.6% at $317.76 and Yahoo! Inc. missed 3.5% at $33.07. The Global X Social Media ETF, […]
The US dollar plunged on Monday and lost its footing as investors anticipate minutes from the Federal Reserve’s last meeting this week and European Central Bank officials implied mixed signals on possibilities for more aggressive monetary policy action. The euro rallied from an almost six-week low set at the end of last week, increasing to $1.3742 versus $1.3701. […]
Whether you’re a social investor, or a beginner trader braving the markets all by yourself, it’s always best to come at the markets knowing what to expect and how to handle the situations that can arise. The following list contains books that are highly recommended both for beginner and for advanced investors who wish to […]
European equities pare early session gains to trade lower Tuesday, pressured by fresh geopolitical drama together with declines on Wall Street overnight where tech stocks continued their descent amid worries about inflated valuations — Amazon, Facebook, Twitter and LinkedIn all registered fat losses. European tech shares fell sharply in the previous session as the declines […]
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Overview: USD/JPY is expected to trade in lower range. It is undermined by the selling of the yen crosses amid increased risk aversion (VIX fear gauge rose 4.41% to 13.96) as S&P tumbled 1.25% Friday and weaker dollar sentiment after U.S. created less-than-expected 192,000 new jobs in March (versus 200,000 forecast), while the unemployment rate […]
Overview: USD/CHF is expected to consolidate with bearish bias after hitting its seven-week high at 0.8952 on Friday. It is supported by the franc sales on soft CHF/JPY cross and on buoyant EUR/CHF cross and dovish Swiss National Bank’s monetary policy stance. But USD/CHF gains are tempered by the weaker dollar sentiment. Daily chart is […]
Overview: NZD/USD is expected to trade in higher range. It is supported by the weaker dollar sentiment, hopes of further stimulus in China and hawkish Reserve Bank of New Zealand’s monetary policy stance. But NZD/USD gains are tempered by the kiwi sales on NZD/JPY cross amid increased investor risk aversion. Daily chart is still negative-biased […]
Overview From the today’s H4 chart, we find that the pair opened this week above the support level of 170.50 and below the resistance level of 171.50. Currently, it is testing the resistance level of 171.50 to continue its bullish trend. Given that the pair continues its bullish movement and closes 4H above the resistance […]
Last week was certainly stormy. Speeches from Mario Draghi and Janet Yellen produced storms within the markets. The international situation was far from calm and the ever-surprising NFP – despite coming in at less than expected – took the USD to the highest rate in months. After a slow weekend and uneventful Monday, we seem […]
Daily fixation below 1.3870 gathered enough bearish pressure to push towards the recent demand zone around 1.3700. Thus, the EUR/USD pair established a new supply level at 1.3845. It rejected the bulls on March 24 strongly so any further visits should be considered for selling. At the end of the previous week, there has been […]
Around price level of 1.6780, a double-top pattern scenario was established with the neckline located around the price zone of 1.6620-1.6660. Daily fixation below this price zone enabled the pair to reach 1.6464 (61.8% Fibonacci) as a projection target. The recently achieved low of 1.6465 (also corresponding to a previous uptrend line) prevented further decline. […]
Since last February, the EUR/AUD pair has been moving sideways with a slightly bullish tendency. This movement was maintained above the depicted uptrend line. On March 12, the bulls failed to establish an ascending top. Instead, a double-top reversal pattern was established at 1.5500. The neckline was located at 1.5200-1.5170. Success of the Double Top […]
The previous Support zone around 1.0900 (50%-61.8% Fibonacci Levels) provided considerable support at retesting on February 19 where the USD/CAD pair established a consolidation zone between 1.0960 and 1.1190. The depicted chart shows that the USD/CAD bulls didn’t apply enough bullish momentum above 1.1200. As expected, this exposed price zone of 1.1000-1.1020 which is being […]
FOREX Daily Outlook by Easy-Forex.com The EU Morning Report – Indian Nifty fluctuates ahead of country’s elections – 07 April 2014 Written by the easy-forex team Currencies The euro (EUR) dropped below 1.3700 against the US dollar (USD) during Friday’s Non-Farm Payroll release. The release was not far away from expectations, with the US reporting […]
Pivot point formula: Pivot point = (high (previous) + low (previous) + close (previous)) / 3 General idea about the pivot point. Resistance 3 and support 3 are considered to be clear indicators of the maximum range of extreme volatility, though it is possible to pass them through. Pivot lines work well in the sideways […]
Overview: Since our previous analysis, the EUR/NZD pair has been trading downwards, as we expected, the price tested the level of 1.5892. According to the daily chart, we can observe supply bar on volume just above the average, which is a sign that buying at this stage looks very risky and that we may see […]
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 May 09, 2024 May 9, 2024 Potential for the rally on Dollar Index… The material has…Forex forecast 05/09/2024: EUR/USD, GBP/USD, Oil and Bitcoin… May 9, 2024 We […]
EURGBP- With EURGBP triggering a recovery following its flat close on Friday, the risk is for more upside strength to occur. As long as it holds above the 0.8245/49 levels, our corrective upside view remains intact. On further recovery higher, the 0.8300 level will be targeted where a breach will aim at the 0.8350 level […]
Weekly technical levels of the EUR/USD pair. Notes: We expect a new range about 68 pips today. The risk of 68 pips must make a profit of 102 pips. The value of 50% Fibonacci retracement levels is 1.3745 in H1 chart. The level of 1.3745 will confirm the bullish market. The daily volatility on March […]
General overview for 07/04/2014 10:00 CET The downside wave progression has not been finished yet and the price is below the key technical level now. Only a breakout higher above this level would indicate a more deeper retrace in this pair. The 61%Fibo level has been violated and next level is being expected to be […]
