The previous multiple tops as well as a recent bottom were established around 1.6250. That’s why a considerable support was provided around this price level. The 4H chart reveals an inverted bullish Head and Shoulders pattern which was expressed around 1.6220 aiming at a 1.6470-1.6500 “previous prominent resistance zone”. Four-hour breakthrough above the price zone […]
The nearest SUPPLY zone is located between 1.3680 – 1.3730 which corresponds to the 50% and 61.8% Fibonacci levels. Yesterday, the pair expressed an inverted hammer daily candlestick while retesting 1.3680 (50% Fibonacci). Fundamentally, industrial production in the euro area witnessed an unexpected decline of 0.7% on a monthly basis in December compared to its […]
Yellen put forward that the Fed will continue tapering its bond buying program, if the economy moves in the same phase. USD traded mixed against its major peers. The USDCAD pair slumped yesterday from the high of 1.1090 to the low of 1.1003. The pair closed below the 23.6 Fibonacci level and its upper trend […]
Overview: USD/CHF is expected to trade in higher range. It is supported by the positive dollar sentiment and franc sales on the buoyant EUR/CHF cross. But the USD/CHF gains are tempered by franc demand on the buoyant CHF/JPY cross. Daily chart is mixed as MACD is bearish, but stochastics are turning bullish. Trading recommendation: The […]
Overview: NZD/USD is expected to trade in higher range. It is supported by the kiwi demand on NZD/JPY cross pair amid positive investor risk appetite, the hawkish Reserve Bank of New Zealand’s monetary policy stance and buoyant commodity prices. But the NZD/USD gains are tempered by the positive dollar sentiment and kiwi sales on the […]
From fundamental standpoint, positive news came from the Bank of England monetary committee which expects the unemployment rate to reach 7% by the first quarter of 2014. This accelerated the ongoing bullish impulse towards 1.6570, according to the fundamental data released earlier today. Today, the GBP/USD bulls managed to bypass/breach the previously established descending bottom […]
The main developments during the European session were weakness in the euro and strength in the British pound as a result of key fundamental news releases today. The euro tumbled against the dollar as European Central Bank Executive Board member Benoit Coeure signaled the ECB may impose negative deposit rates. In an interview with Reuters, […]
Overview Based on today’s H4 chart and according to our yesterday’s expectations, the pair might take new bullish signals in case of closing 4H above the resistance level of 168.50 after it was tested yesterday. Today, the pair took an upward movement and managed to break the strong resistance area keeping its move above the […]
IMPORTANT ANNOUNCEMENT: As part of the CopyTrader 2.0 project, we are pleased to announce a new version of the CopyTrader which now includes Stop Loss Alignment, set to be launched this Sunday, February 16. The new CopyTrading system will make sure that when you copy an investor you will always get the same Stop Loss […]
FOREX Daily Outlook by Easy-Forex.com The EU Morning Report – Dollar higher amid strong recovery signs – 31 January 2014 Written by the easy-forex team Currencies A stronger dollar pushed the euro (EUR) lower as the pair moved below 1.3543 in early trading. The single currency may come under stress today as Eurozone price data […]
Overview: Since our previous analysis, the EUR/NZD pair has been trading downwards, the price tested the level of 1.6275 on ultra high volume (selling climax). We can observe selling climax at the price of 1.6275 which is sign that selling at this stage looks risky. The area of 1.6300-1.6280 is major support since we’ve got […]
Almost 300 people in total attended the seminars in Malaysia on the 8th February in Kuala Lumpar and the 9th February in Petaling Jaya. The attendees comprised of both traders and introducing brokers. The seminars were presented by Tradepedia’s Avramis Despotis, a certified instructor and portfolio manager with a rich background in the forex industry. […]
One can only assume that as he rested against the trunk, sheltering himself beneath the mighty oak’s shade, it hit him – maybe even literally. An educated guess; we know how constricting old timey clothes were and while England isn’t exactly famous for its warm climate, a rest is always welcome after a long day […]
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:EUR/USD. April 26th. Bulls continue to advance after the GDP… April 26, 2024 The EUR/USD pair on Thursday rebounded from the corrective level…Weekly Forex Outlook: 26/04/2024 – Hawkish risk as Fed […]
Crude prices advanced to its highest level on Wednesday after China released its upbeat trade data for January and reports showed distillate stockpiles dropped last week in the US, the world’s biggest oil consumer. WTI for March delivery rose 0.55% higher to trade at $100.49 per barrel on the New York Mercantile Exchange at the […]
Markets extend Yellen bounce Morning Report: 08.30 London • Financial markets are on the rise this morning after Janet Yellen confirmed her commitment to Quantitative Easing. • The risk-on currencies of the Australian and New Zealand dollars are also performing well after Chinese imports and exports came in above estimates. • Precious metal commodities by […]
Hello eTorians! Welcome to our Valentines day promotion ❤❤❤ Love is in the Air ❤❤❤ February 14th is just around the corner and we are announcing another fun promotion to get us into the spirit of L.O.V.E.! Are you ready for some fun? Are you ready to win some cool prizes? So let’s begin! How do I participate? For two days […]
The Dollar index remains in downtrend but has found support above the 76.4% Fibonacci retracement at 80.40-45 which was also a previous consolidation area. If prices continue to trade above 80.40, then the index will increase chances of making another upward move towards 81. Short-term resistance is found at 80.80-85. Breaking above this level will […]
EUR/USD: This is a bull market and it is understood that it would not go in a straight line. The price is projected to go northwards. There is now a temporary pullback on the EUR/USD, but there is a target at the resistance level of 1.3700. The support level at 1.3600 is a ready hurdle […]
February 12th 2014, Daily Market Bite from Ishaq Siddiqi Market Strategist. European markets have opened higher today, after China reported a surprise widening in its January trade surplus and as investors cheered the US Federal Reserve Chair Janet Yellen’s reassurance of a supportive US monetary policy. Closer home, investors await the release of the UK […]
General overview for 12/02/2014 09:00 CET: Complex corrective structure looks finished and impulsive wave development can be noticed from the level of 1.1090. This progression has not been finished yet and there is two more wave needed to complete the cycle. The nearest resistance is at the level of 1.1001 and the target for wave […]
The Toyota Motor Corp. will revoke its 1.9 million Prius hybrid vehicles worldwide to fix the software glitch on Wednesday. The Japan-based automaker said the faulty software could slow down or halt the car. The affected vehicles are the third generation of the Prius, the company’s flagship gasoline-electric powered car, that was produced since March 2009. The material has […]
On the sixth day, Asian stocks soared high while the Australian dollar strengthened to its highest peak in a month. The copper led profits in base metals after the Chinese trade outdone postulations. The South Korean won and Malaysian ringgit also ascended. The MSCI Asia Pacific Index gained 1.2% as of 12:44 p.m. (Tokyo time). A benchmark […]
The natural gas climbed on the second day despite speculation the US inventories of the heating fuel dropped more than its average last week, as cold hyped demand. Futures increased 4.2% in New York, prolonging its 5.4% profit yesterday. Analysts predicted supplies would drop by 232 billion cubic feet in the week ended February 7 prior to the […]
The dollar plunged against the British pound and the Australian dollar on Tuesday, following the data that amplified growth in the UK and Australia, while investors assessed the report from the US Federal Reserve Chairwoman Janet Yellen. Her testimony also cited the Fed would trim its monthly bond buying if the economy would keep on improving in line […]
European stocks bolster for a fifth day as Federal Reserve Chairman Janet Yellen promised to continue trimming down stimulus as the economy strengthens. Car makers logged the largest increase among 19 industry groups in the Stoxx 600 after Goldman Sachs Group Inc. boosted its progress estimate for auto sales in western Europe. Michelin & Cie. […]
Gold is looking bullish and has formed a rising channel. The market appears to have carved out a base at the December 31 low of 1182.16. The daily chart indicates there has been a relatively strong upside momentum since the bounce off this low. A catalyst for the upside-move occurred when prices broke above the […]
Federal Reserve Chairman Janet Yellen committed to maintain her predecessor’s policies by scaling back stimulus in “measured steps” and indicated that the bar is high for a change in that plan. Only a “notable change in the outlook” for the economy would trigger policy makers to trim down the pace of tapering, Yellen said in […]
On a daily basis IronFX Head of Global FX strategy Marshall Gittler comments on the world economies and speaks about the forex calendar of economic announcements. Join us for more technical and fundamental analysis: http://www.ironfx.com To get the latest Forex trading news you should: • Like us on Facebook: https://www.facebook.com/IronFX • Follow us on Twitter: […]
General overview for 12/02/2014 08:30 CET: After hitting 78%Fibo at the level of 140.17, the price has declined fast and this leg down might be labeled as wave c of the overall corrective cycle in wave (ii). Currently the most important is the golden trend line breakout as this line has been providing good resistance […]
