Overview: USD/CHF is expected to consolidate with bullish bias after hitting five-week high at 0.8927 on Thursday as markets await U.S. non-farm payrolls report. USD/CHF is underpinned by the broadly stronger dollar undertone, dovish Swiss National Bank’s monetary policy stance and franc sales on buoyant EUR/CHF cross. But USD/CHF gains are tempered by the positions […]
Overview: NZD/USD is expected to consolidate with bearish bias after hitting two-week low at 0.8511 on Thursday as markets await U.S. non-farm payrolls report. NZD/USD is undermined by the broadly stronger dollar undertone, diminished risk appetite, Kiwi sales on buoyant AUD/NZD cross and weak dairy prices. But NZD/USD losses are tempered by the hawkish Reserve […]
Overview: GBP/JPY is expected to consolidate with bearish bias as markets await U.S. non-farm payrolls report. GBP/JPY is undermined by the weak euro sentiment, diminished risk appetite and Japan exporter sales. But EUR/JPY losses are tempered by the demand from Japan importers and loose Bank of Japan monetary policy and positions adjustment before weekend. Daily […]
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 […]
Technical outlook and chart setups: 1. The GBP/CHF pair has finally broken out of the resistance trend line stopping us out at 1.4800 levels. The pair would want to target 1.4850 atleast from here on, before retracing. Recommendations are to remain flat for now, and look to buy lower. 2. Intermediary support is at 1.4450, […]
Technical outlook and chart setups: 1. The EUR/JPY structure is simplified here. It has been forming a cone consolidation since several trading sessions, and prices are broadly bouncing off the support and resistance lines as seen here. Yesterday prices again bounced off the resistance line at 143.50 region, forming an evening star bearish signal. It […]
Overview: Since our previous analysis, the EUR/NZD pair has been trading downwards, as we expected, the price tested and rejected from the level of 1.6177 (Fibonacci extension 161.8%). According to the daily chart, we can observe supply overcoming demand (up-thrust bar) on very high volume, which is a sign that buying at this stage looks […]
Overview As it was expected last week, we should wait for breaking the Resistance level of 173.00 before making the decision to continue the bullish move. Today and as shown in the H4 chart, the pair failed to break this Resistance level and yesterday it failed to break it as well to reverse its bullish […]
General overview for 04/04/2014 10.50 CET There is not much of the downside pressure so far, but it still looks promising to break through the technical support zone at the level of 141.96. If this level is broken, then weekly pivot at the level of 141.22 will be tested next. On the other hand, the […]
General overview for 04/04/2014 11:05 CET There is not much of a movement in this pair as traders are waiting for the NFP data. The market is still range bound, but there is a building bullish divergence on momentum oscillator so the upside breakout might be strong. Support/Resistance: 1.0975 – Technical Support 1.1000 – Intraday […]
GBPJPY: Triggers Correction GBPJPY – Having capped its gains and turned lower on Thursday, more corrective decline is envisaged. Resistance stands at the 173.57 level where a decisive violation will aim at the 174.84 level, its Jan 2014 high. A break of here will target further upside. Further out, resistance resides at the 175.50 level […]
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Daily fixation below 1.3870 gathered enough bearish pressure 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 been […]
The Dollar index has broken short-term resistance at 80.40 and is moving higher towards our first target of 80.70. EURUSD is the major component of the Dollar index has failed to break resistance and was pushed lower after ECB Draghi comments. Now currently trading above critical support of 1.37, if it breaks lower then we […]
Emerging Asian currencies are assumed to mostly hold firm in the coming year as the global economic recovery gains pace and the outlook for risk progress, but a slowdown in China remains a key concern, a Reuters poll displayed. After sharp decliners in 2013, most developing market currencies have advanced so far this year, suggesting […]
The previous congestion zone around 1.0900 provided a considerable support at retesting on February 19 which 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 bulls didn’t apply enough bullish momentum above 1.1200. As expected, this exposed price zone of 1.1000-1.1020 […]
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 […]
The pound dropped for a third day versus the dollar after an industry report displayed U.K. services progress surprisingly slowed in March. The pound backslide the most in two weeks against the U.S. currency as Bank of England Governor Mark Carney reiterated in an interview with the Northern Echo newspaper there’s “slack in the labor […]
The euro slumped to the worst in a month versus the dollar after European Central Bank President Mario Draghi bolstered his pledge that policy makers were ready to take further actions to counter any risk of deflation. The 18-nation currency declined for the first time in five days against the yen as the ECB maintain […]
The dollar exchanged close to the topmost performing mark in 10 weeks versus the yen before the U.S. is projected to report the fastest jobs development in four months. The U.S. currency marched toward for a third weekly surge versus the yen and euro as investors weighed the timing for the Federal Reserve’s first interest […]
EUR/USD: This pair has been bearish so far in this week, irrespective of the bullish attempt that happened on it at the beginning of the week. The bullish attempt has turned out to be a good opportunity to go short in the market. Right now, the support line at 1.3700 is under a determined siege. […]
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The Currency market analysis for Apr 04, including significant events likely to affect the markets, buy and sell points and market calendar. My Technical Analysis Summary – Apr 04, 2014 01:33AM (GMT -4:00, DST On) Symbol Type 5 Minutes 15 Minutes Hourly Daily EUR/USD 1.3708 Moving Averages: Strong Sell Strong Sell Strong Sell Sell Indicators: Strong Sell […]
European markets have opened higher today, as traders await US non-farm payrolls data which is widely expected to show that US job growth accelerated in March. Closer home, data from Halifax indicated that on a seasonally adjusted monthly basis, house prices in the UK dropped 1.1% in March, compared to a revised 2.5% rise in […]
The US dollar traded close to the highest peak in 10 weeks versus the Japanese yen before the US is predict to report the fastest jobs growth in four months. The US currency is surging for a third weekly profit versus the yen and euro as investors counted on the timing for the Federal Reserve’s first interest […]
Asia’s benchmark stock index swung between profits and losses despite low trading volume, leaving the regional gauge on set for a second week advance as investors expect US jobs growth. The MSCI Asia Pacific Index tumbled 0.1% to 139.04 as of 9:36 a.m. in Hong Kong. The index yesterday capped a seventh consecutive advance, its longest winning […]
The euro dived to the lowest level in a month versus the US dollar following European Central Bank President Mario Draghi withstood his vow the policy makers were ready to take additional measures to combat any peril of deflation. The 18-nation currency plunged for the first time in five days against the yen as the ECB retained […]
US stocks tumbled on Thursday, as investors became wary before Friday’s monthly jobs report, while a plunge in biotech and momentum shares tugged the Nasdaq down close to 1%. The Dow finished just a part of a point, within around 4 points of its record closing high of 16,576.66 set on December 31. The Dow listed an […]
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Daily chart: The USDX remains strong in the current bullish bias above the support level of 80.11, so it is very likely that the USDX rises to the resistance level of 80.62, where the 200-day moving average is located. If the USDX does make a breakout at that level, it would be expected to rise […]
