Daily chart: Although the FOMC meeting was held yesterday, the GBP/USD has not significantly changed so that to change the current trend. For now, the GBP/USD continues to find strong support at the 1.6540 level, so it is very likely that this pair has a bullish momentum in the coming days to climb to the […]
Trading recommendations: According to the previous events, the USD/CAD pair is still moving between 1.1185 and 1.1140. Sell below 1.1203 with the first target at 1.1165, then it will be gone towards 1.1125 in order to test this strong support. Buy above 1.1120 (if the trend fails to close below it) with target at 1.1155, […]
Overview: According to beforehand events, the price of GBP/USD pair has still been trapping between the level of 1.6635 and the 1.6515 level, for that it is of the discernment to pay attention at this range area around the level 50% of Fibonacci retracement levels. Therefore, the first step is to looking forward for a […]
He felt really good about this trade. John’s plan recognized a demand zone on the 60 minute NQ E-mini chart and the price action had pulled back as it was about to enter the DZ.The 5 minute chart is where he had placed a bracketed order to go long in the zone with a stop […]
Next door to my house, right against the fence, in the neighbours’ yard, grows a cactus. But not just any cactus, a huge cactus. It must be really old. It reaches probably 20 metres into the sky. Usually we don’t spend much time appreciating this cactus. I mean, it’s not the prettiest plant. And it […]
Like other US dollar pairs, the EUR/USD was in consolidation mode leading up to the Federal Reserve’s monetary policy announcement. The pair struck a high of 1.3684 in the European session after the Gfk Consumer Confidence Indicator beat forecast. Gfk’s Consumer Confidence Indicator measures confidence levels among German consumers. It is used to gauge German […]
The GBP/USD was trading to the downside, despite stronger than forecasted UK housing prices. Investors were trading cautiously ahead of the US Federal Reserve’s policy announcement. UK house prices rose 0.7% in January, according to Nationwide. Year-on-year, house prices appreciated 8.8%, beating forecasts calling for 8.5%. The housing sector has been a cornerstone of UK […]
Overview According to the today’s H4 chart, yesterday’s closing below the resistance level of 171.50 provided an opportunity to make a bearish move after the price has failed to break it through. As shown here, currently the price is trying to continue its bearish move and is approaching support level of 168.50. In that case […]
News headlines were the key drivers in currency markets today, with knee-jerk reactions to any announcements or comments by officials, causing volatility. Focus was clearly still on emerging markets, even after the brief relief rally after the Turkish central bank rate hike. Risk appetite quickly faded and capital flight continued back into safe havens like […]
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FOREX Daily Outlook by Easy-Forex.com The EU Morning Report – US Home Sales set the pace for Markets – 27 January 2013 Written by the easy-forex team Currencies The euro (EUR) remained buoyant against the dollar after rising from 1.3530 to 1.3693 before the weekend. The single currency remained range bound since. Today’s events, including […]
One side-effect of the Federal Reserve’s super-easy monetary policies of the past 4 years or so, is that global markets have been flooded with extra liquidity. Many of the US dollars that the Fed has created found their way out of the United States and into a very diverse array of international assets. As investors […]
The Aussie extended gains against the US dollar for a third day on Wednesday, as investors continue to speculate that the US Federal Reserve (Fed) will continue to cut its monthly bond purchases further which will strengthen the greenback. The currency pair climbed 0.37% to $0.8807 at the time of writing, after reaching $0.8825 earlier […]
GBP/USD had been moving within 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: Since our last analysis, the EUR/NZD pair has been trading sideways, around the level of 1.6500, we are still waiting for a potential test of FR 61,8% at the level of 1.6395, and our previous analysis is still intact. Currently, we are in progress of smaller bearish corrective phase. We can observe a robust […]
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The bulls have managed to reach new price levels (around 1.1170) that haven’t been reached since 2009. Temporarily, USD failed to keep its gains against CAD, and the USD/CAD pair was pushed to the downside until Monday when another bullish impulse was initiated on retesting of 1.1030 resulting in a daily bullish engulfing candlestick. The […]
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 […]
The GBP/USD pair successfully achieved its projection target around 1.6600 after the bullish breakout above 1.6252 took place on November 27. Further bullish movement took place towards the recent high at 1.6666. However, bearish engulfing daily candlestick was expressed off these high levels (1.6666) on Friday. This week, the pair was brought back below 1.6600 […]
A breakout above the previous resistance level of 1.3450 allowed the bulls to push within the bullish channel to hit higher levels around 1.3650 then 1.3750. This bullish momentum took place until obvious bearish rejection was expressed at 1.3850 (failing to reach 100% Fibonacci Expansion at 1.3904). Instead, breakdown of the depicted bullish channel took […]
The Dollar index looks like it is too weak to make an upward break above the short-term resistance at 80.70. Both a downward sloping trend line and the MA pose strong resistance for the index. As long as the index trade below 80.70 we feel it is more probable to see fall towards 80.40 or […]
EUR/USD: Since Monday, this pair has gone sideways in a perpetual manner. It must be noted that the bullish bias is still valid and the price could go further upwards when momentum returns to the market. The Williams’ % Range continues to go downwards, which gives a good indication to go long. USD/CHF: From the […]
Commodities slip back as markets settle Morning Report: 08.45 London • Emerging markets such as Turkey have taken bold steps to address their falling currencies in the last 24 hours, a move that has settle markets somewhat. The S&P 500 put in a strong performance yesterday and is broadly unchanged this morning. • Commodities […]
Cable traded a tight 30-pip range in the Asian session today, with congestion around 1.6582, which is the 23.6% Fibonacci retracement level of the up-leg from the January 17 low (1.6308) to the January 24 high (1.6667). This level is an important turning point for the pair which could turn to the upside or downside. […]
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General overview for 29/01/2014 07:30 CET The price has hit a very important technical resistance level indicated yesterday and now a rejection or breakout is possible. Current count does suggest, that the upside wave progression is in only three waves so far and there is one more to the upside missing. Therefore, in case of […]
General overview for 29/01/2014 08:00 CET A new marginal high was made yesterday and the impulsive bearish count has been invalidated due to wave one and wave two overlaps. This is why new count has been made and this one suggestes more impulsive wave progression to the upside, as long as the level of 1.1118 […]
Markets were stunned by news out of Turkey late on Tuesday that its central bank decided to raise its key overnight lending rate from 7.75% to 12%. This helped bring risk appetite back to investors after last week’s panic from the emerging market turmoil. The dollar was the main beneficiary of flows and gained on […]
