The trading week started slow with most currency pairs stuck in ranges. The G20 meetings over the weekend had nothing major that would impact currency markets. The main theme of the meeting was to increase global growth. Asian equity markets declined, led by the fall in China’s stocks due to some negative news regarding China’s […]
The pair is trading at the level of $102.66 in Asia’s trading session. In the hourly chart, the pair is trading above 21 and 40DEMA levels. Yesterday’s high at the level of 102.83 is the crucial resistance. The area of 101.67-101.39 is the support zone. In the daily chart, the pair is trading in a […]
When the European market opens, some economic news will be released such as the German Ifo Business Climate, CPI y/y, Core CPI y/y, Belgian NBB Business Climate.The US will release the US-Flash Services PMI, so amid the reports, EUR/USD will move with low to medium volatility during this day. TODAY’s TECHNICAL LEVELS: Breakout BUY Level: […]
USD/CHF is trading at the level of 0.8873. The pair has been trying hard to break the 38.2% retracement level for the last couple of years. Its breakout from a wedge sign a good upmove coming in the future. We recommend buying USD/CHF in three parts. Cmp at 0.8860-0.8830 with sl at 0.8800. RSI stood […]
In Asia, Japan will not release any economic data’s for today and the US will release the US-Flash Services PMI. So there is a big probability the USD/JPY will move with low volatility during this day. TODAY’s TECHNICAL LEVELS: Resistance. 3: 102.98. Resistance. 2: 102.78. Resistance. 1: 102.58. Support. 1: 102.33. Support. 2: 102.13. Support. […]
EUR/USD: This pair is expected to go further upwards this week reaching the target at the resistance line of 1.3800. The support line at 1.3700 should be a good barrier for the bears. With an increase in the buying pressure in this market, the price should be propelled towards the aforementioned target. USD/CHF: One thing […]
Daily chart: The USDX remains above the support level of 80.11 and still remains in a bearish position in this chart, as the USDX could be forming a higher low pattern. However, if the USDX makes a bullish rebound, it is expected to rise to the resistance level of 80.62. Furthermore, if USDX is able […]
Daily chart: The GBP/USD had a very sharp drop below the resistance level of 1.6663 and the next target for the pair would be the support level of 1.6540. This could be a change in the trend in this chart, since the GBP/USD has formed a bullish candlestick, so is likely to continue falling this […]
Weekly technical levels the GBP/USD pair. Trading recommendations: As it is known, sellers are asking for a high price as well as buyers are bidding at a lower price. Therefore, the first key level will set at the level of 1.6755 and the second key level will set at the 1.6545 level on February 24, 2014. Equally […]
Weekly technical levels the EUR/USD pair. Pivot point among resistances and supports. If the price is at pivot point (1.3732), watch for a move back to resistance 1 (1,3778) or support 1 (1.3691). If the price is at resistance 1 (1.3778), expect a move to resistance 2 (1.3819) or back towards the pivot point (1.3732). […]
On the daily chart we can see that the bulls found enough demand around 1.3570 to push again towards 1.3680-1.3700 for another retesting. A prominent top was established around the same price zone on January 24. However, this time the bulls managed to breakthrough above 1.3700 and a bottom is probably being established around this […]
The GBP/USD pair established a recent demand level around the price level of 1.6250 where a prominent bottom was established on February 5. A strong bullish impulse was expressed shortly after opening the way towards 1.6575 then 1.6666. Both resistance levels have been broken through. Recently, the bulls failed to fix above 1.6800 which is […]
EURUSD: With EUR maintaining its bullish bias, further gain is envisaged in the new week. Resistance resides at the 1.3800 level where a violation will turn attention to the 1.3850 level and then the 1.3900 level, its psycho level. Its weekly RSI is bullish and pointing higher supporting this view. Conversely, to annul its past […]
USDCHF: With a third-week of decline as occurring the past week, further weakness is likely towards the 0.8798 level, its Dec 27 2013 low. Further down, support lies at the 0.8750 level with a cut through here paving the way for a run at the 0.8700 level, its big psycho level. Below here if seen […]
The EUR/GBP was higher in Europe after the Office for National Statistics reported weaker than forecast UK retail sales. The pair, however, consolidated lower ahead of the North American session, as market sentiment continued to support the British pound. The pound was unable to test new highs this week after employment data failed to live […]
The GBP/USD was higher at the end of the week, despite a series of disappointing releases from the UK Office for National Statistics. With recent data showing the US economy turned a corner in February after a severe winter, the GBP/USD could find itself in reversal mode next week. UK retail trade in January fell […]
The USD/CAD pair continued to pull ahead at the end of the week, testing new highs amid a string of mixed Canadian data. Weaker than forecast Canadian retail sales outweighed faster inflation growth, a sign investors have all but abandoned hope in the loonie. The USD/CAD pair approached 1.12 in Europe before consolidating in the […]
Overview: USD/JPY is expected to trade in a higher range. It is underpinned by the positive dollar sentiment (ICE spot dollar index is 80.28 versus 80.18 early Thursday) and the yen-funded carry trades amid improved investors’ risk appetite (VIX fear gauge eased 4.58% to 14.79; S&P rose 0.6% overnight) on rise in the Markit U.S. […]
Overview: USD/CHF is expected to trade with risks skewed higher. It is underpinned by the positive dollar sentiment. But the USD/CHF gains are tempered by the franc demand on the soft EUR/CHF cross and on the buoyant CHF/JPY cross and positions adjustment before weekend. Daily chart is mixed as MACD is bearish, five- and 15-day […]
Overview: GBP/JPY is expected to rebound. It is supported by the positive risk appetite and demand from Japan importers. But EUR/JPY gains are tempered by the Japan exporter sales and weaker euro sentiment and positions adjustment before weekend. Daily chart is positive biased as MACD and stochastics are bullish, although latter is at overbought zone, […]
Overview: NZD/USD is expected to trade in higher range. It is supported by the Kiwi demand on NZD/JPY cross amid reduced risk aversion and hawkish Reserve Bank of New Zealand’s monetary policy stance. But NZD/USD gains are tempered by the positive dollar sentiment and official stance against strong Kiwi exchange rate and positions adjustment before […]
There was little movement in major currency pairs leading into the weekend, partly due to hardly any news releases today. The only major data out during today’s European session was from the United Kingdom for January retail sales. Sales volumes dropped by 1.5% month-over-month, down from December’s surge to 2.5%. This was bigger than the […]
FOREX Daily Outlook by Easy-Forex.com The EU Morning Report – UK unemployment to shake sterling – 19 February 2014 Written by the easy-forex team Currencies The euro (EUR) continues to rise against the US dollar (USD) as the pair moves above 1.37616. The single currency has risen above a one month high as the dollar […]
Hi eToro users, I received some eToro Credits in my trading account. I haven’t traded for quite some time so I was hesitant to open a position. I avoided the account for a few days, leaving me feeling awkward. An account without trading is simply boring. So I finally decided to muster up the courage […]
Hi eToro users, I received some eToro Credits in my trading account. I haven’t traded for quite some time so I was hesitant to open a position. I avoided the account for a few days, leaving me feeling awkward. An account without trading is simply boring. So I finally decided to muster up the courage […]
Major headline-grabbing news will probably be absent from the week ahead, as a raft of economic data will illuminate the state of the Eurozone economy and whether Japanese inflation is on course for 1.5%. Revisions to the GDP data of the United States and the United Kingdom will also be closely watched. For the euro, […]
Overview: Since our previous analysis, the EUR/NZD pair has been trading downwards, the price tested and rejected from the level of 1.6492 on an average volume. Our previous analysis is still active. We can observe selling climax at the price of 1.6517, so selling at this stage looks risky. Our first major target has been […]
In our previous analysis, we mentioned that the Dollar Index was oversold and made a double bottom and that there was increased chances of an upward bounce. We expected the Dollar Index to rise first towards 80,40 and then towards 80,60. The index has managed to hold above its recent lows and it is now […]
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 24, 2024 April 24, 2024 Potential for the downside movement on the NAS100The material has…Forex forecast 04/24/2024: EUR/USD, USD/CAD, Oil and Bitcoin… April 24, 2024 We […]
EUR/USD: In spite of the present bearish retracement on it, this market remains a bull market, unless the price closes below the EMA 56. The drop in the Williams’ % Range period 20 indicates an opportunity to buy long when there is a dip in the price in a context of an uptrend. USD/CHF: In […]
