Daily chart: The USDX continues to make slow movements without a well-defined trend, so it is very likely that the USDX remains below the resistance level of 80.11 for the rest of the week. However, if the USDX manages to consolidate above this level, it would be expected to rise to the resistance level of […]
Daily chart: The GBP/USD has found resistance at the 1.6663 level, so it is very likely for this pair to begin forming a lower high pattern below this level. If the pair manages to make a breakout at that level, it would be expected to rise to the level of 1.6766. However, caution should be […]
Around price levels of 1.6780, a Double-Top pattern scenario was executed 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 recent achieved low at 1.6465 ( also corresponding to a previous uptrend line ) prevented […]
Daily Fixation below 1.3870 gathered significant bearish pressure enough to push towards the recent Demand Zone around 1.3700-1.3730. 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 […]
Since February 4, 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 pattern […]
Previous congestion zone of 1.0900 – 1.0950 provided considerable support at retesting on February 19. This led again towards 1.1190 where the USD/CAD pair established a consolidation zone between 1.0960 and 1.1190. The depicted chart shows that the USD/CAD pair didn’t apply enough bullish momentum above 1.1200. As expected, this exposed price zone of 1.1000-1.1020 […]
Overview: USD/JPY is expected to consolidate after hitting three-week high at 103.44 on Monday. It is undermined by the weaker dollar sentiment (ICE spot dollar index last 80.10 versus 80.19 early Monday) on the surprise drop in the U.S. ISM-Chicago PMI to 55.9 in March from 59.8 in February (versus forecast for rise to 60.0) […]
Overview: USD/CHF is expected to trade with bearish bias. It is undermined by the weaker dollar sentiment and franc demand on the buoyant CHF/JPY cross. But the CHF sentiment is dented by the weaker-than-expected Switzerland March KOF economic barometer (came in at 1.99 versus 2.02 forecast). USD/CHF downside is also limited by the dovish monetary […]
Overview: GBP/JPY is expected to consolidate with bullish bias after hitting two-week high at 142.62 on Monday. It is supported by the positive risk appetite, demand from Japan importers and loose monetary policy of the Bank of Japan. But the GBP/JPY gains are tempered by Japan’s export. Daily chart is positive-biased as stochastics is rising […]
Overview: NZD/USD is expected to trade in a higher range. It is supported by the weaker dollar sentiment, kiwi demand on NZD/JPY cross amid positive risk appetite, the hawkish monetary policy of the Reserve Bank of New Zealan and hope for further stimulus in China. Daily chart is positive-biased as MACD and stochastics are bullish, […]
Picture this : a significant, massive leap forward for the virtual currency. Russia has said they are willing to accept Crimea as an additional state for the Federation, but don’t want the peninsula to adopt the Ruble as their currency. The alternative – Bitcoin – has been accepted by Crimean congress and it means Russia […]
FOREX Daily Outlook by Easy-Forex.com The EU Morning Report – Gold slides amid stronger dollar – 31 March 2014 Written by the easy-forex team Currencies The euro (EUR) continues to weaken against the US dollar (USD). The single currency has retraced from 1.387 last week to a low of 1.3708 before correcting to 1.3753. The […]
Overview: Since our previous analysis, the EUR/NZD pair has been trading sideways, around the price of 1.5900, we are still waiting for a larger movement. According to the daily chart, we can observe neutral bar on volume above the average, which is a sign that we have got indecision currently. Our level of 1.5940 (Fibonacci […]
Crude prices were seen falling on Tuesday; dragged lower by China’s manufacturing data which came in mixed, as traders raise concerns about the nation’s economy slowdown. Talks over the crises in Ukraine continue as the tension between Russia and the Western powers over the country continue to weigh on oil prices. Meanwhile, analysts forecast US […]
AUDUSD: Loses Upside Momentum, Targets Further Weakness. AUDUSD: Although AUDUSD maintains its broader upside bias in the medium term, we expect corrective pullback to occur. Following an unsustained test of the 0.9303 level today, we believe that correction is underway. Support comes in at the 0.9200 level where a break will aim at the 0.9166 […]
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 04/15/2024: EUR/USD, GBP/USD,USD/CAD, USDX… April 15, 2024 We introduce you to the daily updated section of Forex…UK inflation report could shift the market’s focus away from… April 15, 2024 […]
The Asian stocks diverged between gains and losses as investors considered reports on China’s manufacturing that led to weakness in the world’s second largest economy. The MSCI Asia Pacific Index climbed 0.1% to 138.13 as of 12:58 p.m. in Tokyo, switching losses of around 0.4%. Japan’s Topix index also wavered as investors counted a weaker yen versus […]
The US dollar held losses against most major counterparts as investors consider whether US economic data this week will influence the outcome for central bank policy. The greenback stayed lower after a two-day decrease versus the euro following Federal Reserve Chair Janet Yellen said the world’s largest economy will need monetary stimulus for some time. Economists predict a […]
Overview: According to the previous events, the price of the NZD/USD pair has still been trapping between 0.8730 and 0.8623. The resistance has already set at the price of 0.8730. Consequently, we expect that the trend is going to call for a bearish market at the level of 0.8730 in H1 chart. Additionally, it should […]
EUR/USD: This market is still bearish – irrespective of the rally going on it. However, it should be noted that the rally has put the extant bias in a serious jeopardy, and would render it useless completely in a situation in which the market goes above the resistance line at 1.3800. USD/CHF: There is a […]
Weekly technical levels for the USD/CHF pair. Date: April 1, 2014 . The movement of pivot point among resistances and supports. If the price is at pivot point, watch for a move back to resistance 1 or support 1. If the price is at resistance 1, expect a move to resistance 2 or back towards […]
In the last couple of my posts I have mentioned how important the 80.40 resistance is. The Dollar index was unable to break resistance and was rejected. This resulted in a break below short-term support at 80.25. Breaking below this short-term support has pushed the index towards the Ichimoku cloud support. The Dollar index has […]
Asian stocks swayed between declines and hikes as investors analyzed reports on China’s manufacturing that pointed to weakness in the world’s second-largest economy. The MSCI Asia Pacific Index was slightly altered at 137.97 as of 11:53 a.m. in Tokyo, having swung between a decline of 0.4 percent and an increase of 0.1 percent. Japan’s Topix […]
U.S. stocks spiked higher, with the Standard & Poor’s 500 Index recording a fifth quarterly increase, as Federal Reserve Chair Janet Yellen signaled continued financial support and tensions appeared to cool down in Ukraine. Investors purchased stocks that declined the most last week, with gauges of biotechnology and small-cap shares leaping at least 1.8 percent. […]
Early Lift On Steady Chinese Factory Data Morning Report: 08:30 London • This morning, markets are positive across the board, albeit with small interest so far. Chinese factory helped to steady investor’s nerves about the state of the emerging powerhouse, while the turn of the month effect is kicking in for the bulls. […]
Australia’s dollar soared toward a four-month high and government bonds sagged down after a Chinese official manufacturing index empowered for the first time in five months. Advances in the currency were capped as it moved toward so-called resistance in almost 93 U.S. cents and then 93.30, said David Greene, the Sydney-based head of dealing at […]
A declining Canadian dollar is a good effect for most of the country’s firms, increasing earnings earned in U.S. dollars relative to costs incurred in the local currency, Moody’s Investors Service said in a report. Firms in the mining, energy and forestry division that have most of their production in Canada while merchandising their goods […]
The dollar held declines against most major counterparts as investors weigh whether U.S. economic data this week will be stable enough to change the view for central bank policy. The greenback stayed on the downbeat side following a two-day slide versus the euro after Federal Reserve Chair Janet Yellen said the world’s largest economy will […]
General overview for 01/04/2014 09:30 CET The corrective cycle continues with two waves done already and one more to the upside is still developing. The first target level for abc green simple irregular flat correction is at the level of 1.1104-1.1121. The red descending trendline should act as a dynamic resistance and the level of […]
General overview for 01/04/2014 09:00 CET Five impulsive waves to the upside has been finished now, and this pair should continue to decline further to complete wave Y black of the overall corrective structure in wave 4 purple. In case of any upside breakout, the key level is at the level of 143.79 because this […]
