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 brought the pair back below 1.6600 extending down […]
Overview: Since our last analysis, the EUR/NZD pair has been trading downwards the price tested the level of 1.6447 on lover volume volume. Currently, we are in progress of smaller bearish corrective phase. I placed Fibonacci levels to find potential end of bearish corrective phase and i got FR 61.8 % at price 1.6400, so […]
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 […]
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, […]
Markets shrug off Apple miss Morning Report: 08.45 London • Financial markets extended their losing run last night, after Apple missed earnings estimates. However, markets are putting in a good rebound this morning, erasing all of yesterday’s losses. • The main ‘risk on’ pairs of the AUD/JPY, AUD/USD and NZD/USD are performing well, with […]
The emerging market turmoil in recent days led to safe haven buying of the yen, putting USDJPY under pressure. As focus shifts away from EM to the Federal Reserve policy meeting this week, this is favouring the dollar again. USDJPY bounced off 7-week lows of 101.74 reached on Monday and climbed towards the key psychological […]
The Dollar index has almost reached our target of 80.10. The index made yesterday a low at 80.15 and bounced upwards towards the broken support at 80.40. Now trading above 80.50, the short-term trend has reversed to up and there are increased chances that we will see a test of the 81 price level. Short-term […]
General overview for 28/01/2014 08:30 CET The lack of an immediate bullish bounce to the upside above the area of 141.01 – 141.14 prevents from ruling out a more downside wave development possibility. Currently the market is at the very important key level zone and breakout higher is needed to confirm the low for wave […]
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 28/01/2014 08:10 CET The idea of a price formation called head and shoulders yesterday did not work out really and it has been abandoned for now. Instead of that the count has been updated and now it suggest a possible top in this market. The downside reaction is not that much impulsive […]
The risk-off sentiment in the currency markets has dwindled as the emerging market worries have waned for now and focus shifts to the Federal Reserve policy meeting on Wednesday. Expectations of continuation of Fed tapering has provided support for the dollar. In its last meeting in December, the Fed announced it will trim its bond […]
EUR/USD: The Bullish Confirmation Pattern on the EUR/USD is still valid and the price would go further upwards after it leaves the current consolidation phase. The Williams’ % Range has retraced southwards a little that means there is a hidden weakness in the market – a good point from which the price can rise further. […]
When the European market opens, some economic news will be released such as German Import Prices m/m. The US will release the most important economic data such as the US-Core Durable Goods Orders m/m, US-CB Consumer Confidence, US-Richmond Manufacturing Index, so amid the reports, EUR/USD will move with low to medium volatility during this day. […]
In Asia, Japan will release the CSPI y/y and the US will release some economic data such as US-Core Durable Goods Orders m/m, US-CB Consumer Confidence, US-Richmond Manufacturing Index. So there is a big probability the USD/JPY will move with low volatility during the Asian session, but with low to medium volatility during the US session. TODAY’s […]
Technical outlook and chart setups: 1. EUR/JPY looks to have initiated its counter trend rally ahead of the major fundamental event tomorrow. It is recommended to sell on rallies into 143.00/50 region from here on. 2. Immediate resistance is 143.00, followed by 145.50, and supports are spread through 138.50, followed by 134.00, 131.00 and lower. […]
Technical outlook and chart setups: 1. The GBP/CHF pair has staged a counter trend rally, as discussed and expected, into the sub 1.4900 region. As seen here, the fibonacci 0.618 resistance is at 1.4960, which could be the next point of reversal. It is recommended to remain short and add further on rallies. Risk remains […]
A slide in emerging forex markets was led by the Argentina’s peso and Turkish lira. Global macroeconomic data was mixed, with the euro zone PMI reading for January showing a recovery, while China’s GDP fell to a 14-year low of 7.7%. The biggest 1-day fall of Argentina’s peso on last Thursday was more than a […]
In the US dollar front, it made a double high at the level of 80.56 and it is trading below 21DEMA that is the major bearish factor. Until it crosses it, we remain in bearish mode. After hitting a 2-months high of 81.39, the dollar index sharply declined to 80.15 In the technical front, oscillators […]
Overview: The price of the USD/CHF pair is supposedly going to form strong support at the level of 0.8903 (00% of Fibonacci retracement levels in the H4 chart, it had formed the last bearish wave last week. It should be noted that the price is going to form a double bottom at this level, but […]
Trading recommendations: Pair: GBP/USD Date: 28/1/2014 According to the previous events, the price of the GBP/USD pair has still been moving between 1.6640 and 1.6515. Long buying: Buy above 1.65 in the short term with the first target of 1.6566, it might resume to 1.6634 (the weekly resistance 1). Short selling: Outlook 1: Swing trade […]
Daily chart: The USDX is forming a higher low pattern below the level of 80.62, so it is a clear confirmation that the USDX is trying to continue falling below the 200 SMA. However, the USDX had already formed a fractal near the support level of 80.11, so the USDX would probably try to climb […]
Daily chart: After the sharp drop this pair had last week, during yesterday’s session the pair managed to recover. However, this pair is trying to consolidate above the support level of 1.6540, but it still has high chances of falling in the medium term. If this pair manages to break the resistance level of 1.6663, […]
Good afternoon and good trading week eToro’s Community! We have some interesting developments to start the week with; let’s take a look at them: Two of the major stocks that we have in eToro are making noise in the newspapers. After months of speculation about a potential multi-billion dollar deal, AT&T have announced they are not planning to buy out Vodafone any time soon. The news […]
This is the final instalment of my 3-part series of a seminar I attended about a year ago in Durban, South Africa. Part 1 gave the background to this seminar and told about The Man And The Helicopter. You can read it here if you have not seen it yet: Part 2 was about Stampeding […]
The EUR/USD pair faces heavy action this week, as economic data from the United States and European Commission make headlines. The pair opened the week trading to the downside despite positive IFO data from Germany, the Eurozone’s largest economy. The IFO Business Climate Index rose 1.1 points to 110.6 in January. The pair was dragged […]
The USD/CAD will look to test new highs this week, as traders bid up the greenback in anticipation of further stimulus cuts from the Federal Reserve. The pair soared last week to 1.1156, a four-year high. The bearish Canadian dollar will be at the mercy of the greenback this week, as Ottawa has very little […]
The GBP/USD is expected to face considerable volatility this week, as key economic data and monetary policy take the floor. The Federal Reserve will dominate headlines for most of the week, as policymakers prepare to coalesce in Washington to discuss interest rates and quantitative easing. Prior to the meetings, however, the Office for National Statistics […]
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: […]
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 this breakout, the bulls have been defending 1.6250 as a prominent support. Another successful retesting took place in mid-December that pushed the pair again to the upside. Based on the above-mentioned […]
For sure it’s happened to you before. You look at something from far away thinking that it’s one thing, then as you get closer it turns out it was really something else entirely. Or, that it was what you thought but maybe different then you first perceived. Well, it works both ways really. Sometimes the […]
