Overview: Since our last analysis, the EUR/NZD pair has been trading upwards. Just as we expected, the price tested level of 1.6733 on high volume. We can observe that strong demand has entered the market at price 1.6613 which is good sign of bullish strength. I have placed Fibonacci levels to find next upper level […]
Overview: NZD/USD is expected to trade in lower range. It is undermined by the Kiwi sales on rebounding AUD/NZD cross and positive dollar sentiment. But NZD/USD downside is limited by hawkish Reserve Bank of New Zealand’s monetary policy stance. Daily chart is mixed as MACD is bullish but stochastics is neutral, bearish outside-day-range pattern is […]
Technical outlook and chart setups: 1. The EUR/JPY pair has drifted into yet another low at 138.70 today. Implications are ripe for a counter trend rally from here, towards 143.00 as seen here. It is recommended to remain flat for now and sell around 143.00 levels for further downside. 2. Immediate resistance is at 143.00, […]
Technical outlook and chart setups: 1. The GBP/CHF pair is setting up to reach towards 1.4900/50 from here on as seen in the chart attached here. It is recommended to hold on to short positions taken earlier and also plan to add further if prices reach 1.4900/50. Please note that the current rally can be […]
Technical outlook and chart setups: 1. The NZD/USD pair seems to be heading towards 0.8000 levels at the moment, in a corrective manner. It is recommended to initiate short positions now (0.8130), risk remains at 0.8250 at least. 2. Immediate resistance is at 0.8430, followed by 0.8540 (intermediary), and 0.8600/50, while supports are spread through […]
Technical outlook and chart setups: 1. A weekly chart view has been presented here for the overall wave structure. The intermediary downtrend that had begun from 1.1000 levels is on its way towards 0.7950, which is 0.618 fibonacci support of the entire upswing between 0.6000 to 1.1000. It is recommended to initiate short positions now […]
Technical outlook and chart setups: 1. The GBP/USD pair is poised to move lower towards 1.6100/1.6000. It is recommended to hold on to short positions for now and also look to add further on intraday rallies. Major top seems to have been formed at 1.6650/60 levels. 2. Immediate resistance is at 1.6630/50, while supports are […]
Technical outlook and chart setups: 1. The USD/CHF pair has produced an engulfing bullish signal on daily chart yesterday. It is currently trading above 0.9000 and is poised to push further high. Hence recommendations are to hold long positions and look to add further on dips. Risk remains at 0.8800. 2. Immediate resistance is the […]
Technical outlook and chart setups: 1. As seen here, the USD/JPY has bounced off the lows at 102.00 yesterday. Please note that 102.00 is the fibonacci 0.382 support as well. A push above 103.50 would confirm that bottom is in place at 102.00 and bullish trend should continue. It is recommended to hold long positions […]
Technical outlook and chart setups: 1. The EUR/USD pair is back towards range bottom at the 1.3530/50 levels. It is recommended to keep short positions taken yesterday. A push through 1.3500 would prove to be extremely bearish, while risk remains at 1.3850. 2. Immediate resistance is at 1.3740/50, followed by 1.3850, while supports are spread […]
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 04/16/2024: EUR/USD, USDX, Gold and SP500… April 16, 2024 We introduce you to the daily updated section of Forex…What’s next for markets amid Israel-Iran tensions? – Special… April 16, […]
GBP/USD had been trapped inside a wide-ranged price zone extending between 1.5900 and 1.6250 until November 27 when a bullish breakout took place. Since then, the bulls have been defending 1.6250 as a prominent support. Another successful bullish retesting took place in mid-December that pushed the pair again to the upside. Based on this bullish […]
Overview: The EUR/USD pair has broken a major support at the level of 1.3643. But in case the daily pivot point is at the 1.3587 level, then the market will indicate a bearish opportunity below this price. Additionally, it is now approaching to it; therefore, it will probably start downside movement at this area and […]
Overview: The price of USD/CHF pair has still been moving between 0.9063 and 0.9000 but it should noticed that the price has set below strong resistance at the levels of 0.9098 (0.9102: 78.6% of Fibonacci retracement levels in H1 chart). Moreover, it is worthy of note that these levels are coinciding between 50% and 61.8% […]
General overview for 31/01/2014 10:00 CET Not much of impulsive price development so far on hourly chart can be spotted. Instead of that, the golden trend line has been tested and so far the price has bounced from it and it is trying to break out higher. The key level is 1.1198 as the last […]
General overview for 31/01/2014 10:00 CET The target for wave (v) blue has been missed by mere 10 pips and it looks like the market had finished the impulsive wave progression to the downside and now it is trying to bounce from the lows. The next cycle should be a corrective wave B green, that […]
As expected by our last analysis, the Dollar index has again reached the important resistance levels above 81. The trend has changed to bullish for the short-term once the downward sloping trend line was broken upwards at 80.60. Our next short-term resistance at 80.80 was broken and our target of 81.10 was reached. Now it […]
Overview In H4 chart, the pair failed to break the Support level of 168.50 more than once to continue its bearish move. It has been trading above since yesterday. Today, the H4 chart shows that the pair bounced from the Support area again and started to take a slightly upward move approaching the Resistance level […]
Markets slip back on Aussie PPI Morning Report: 08.45 London • As a continuation of the recent trends in recent weeks, yesterday’s big moves are starting to peel back, led by the S&P 500 and AUD/JPY. • The AUD/JPY is seeing the biggest falls following a disappointing set of PPI figures. • The […]
S&P fell below the key 1800 level on January 24, 2014 after having risen above this for the first time ever on November 22, 2013. During the past week, there has been consolidation and prices have been testing support at 1765. This is a key support level as it also marks the 38% Fibonacci retracement […]
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Yesterday afternoon an important milestone was achieved by XM as the newly launched XM Contest Arena has reached its first impressive milestone with 10,000 nicknames achieved in the first 14 days following its official launch. The fact that the Contest Arena is becoming so popular and quickly populated by clients is a major reward to […]
USDCHF USD gained momentum holding its strength after FOMC meeting and fourth quarter GDP numbers released. Fourth-quarter GDP data validates the Federal Reserve’s decision to taper its asset purchases, boosting hopes for a strong 2014. They gave strong forward guidance through commitment to keep interest rates at the record lows for longer. The Commerce Department […]
The yen was in focus today as it gained strength following some positive news out of Japan. The country’s core inflation rate accelerated more-than-expected to a 5-year high in December. This was good news for a country grappling deflation, which the Bank of Japan has fought in the past year with aggressive monetary policy. Japan’s […]
EUR/USD: Interestingly, there are new signals in the markets and this pair has gone south – leading to a Bearish Confirmation Pattern in the chart. The price dropped by over 120 pips and it is now testing the support line at 1.3550. Should that support line be breached to the downside, the next target would […]
EURJPY- The cross remains weak and vulnerable as long as it holds below the 142.41 level. With a follow through lower on the back of its Wednesday losses seen, further weakness is expected in the days ahead towards the 138.48 level, its .50 Fib Ret (its 131.21-145.68 rally). Further down, support comes in at the […]
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Hello eTorians, Let me tell you that today was filled with interesting and exciting news. Yesterday was a very important day as Ben Bernanke, chairman of the FED, made his last speech after eight turbulent years in the U.S economy. The Fed decided to further reduce its monthly bond purchases by $10 billion, to $65 billion. Bernanke adjourned his last policy-setting […]
It was a busy day in the currency markets, with several data releases causing volatility. The main mood was risk-off as soft China PMI data today gave investors a fresh excuse to move out of risk. The euro was sold off early in the European session, falling below the key 1.36 level, kept under pressure […]
Yesterday, the pair failed to break the Support level of 168.50 to reverse its bearish movement and took a slightly upward move. As seen in today’s H4 chart, it is currently trading below the Resistance level of 169.50. Given that, the pair continues its bullish movement and closes 4H above the Resistance level of 169.50, […]
