January 24, 2014 – Forex News Hot asset for today: GBP/USD On Thursday the EUR/USD the left its sideways move and climb up to 1.3700. The pair added about 180 pips during the European and American session spurred by great French, German and EU Manufacturing PMI and by EU Current Account. The movement up continued […]
FOREX Daily Outlook by Easy-Forex.com The EU Morning Report – Currencies mixed ahead of holiday season – 23 December 2013 Written by the easy-forex team Currencies The euro (EUR) has rebounded against the US dollar (USD) after touching 1.3636 on Friday. The single currency is currently at 1.3681 and may be looking at resistance at […]
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 04/09/2024: EUR/USD, GBP/USD, Oil and Bitcoin… April 9, 2024 We introduce you to the daily updated section of Forex…Video market update for April 09, 2024 April 9, 2024 Potential […]
Daily chart: The USDX is set to fall and now is trying to make a breakout in the support level of 80.11. If successful, it is expected to extend its fall to the support level of 79.19, but we must be careful when placing sell orders, as the USDX formed fractals near the level of […]
Daily chart: This pair continues to make consolidation moves below the resistance level of 1.6540. Now, it is expected to form the bullish pattern to continue strengthening the current bullish trend. However, if the pair manages to break the support level of 1.6447, it’s expected to fall to the level of 1.6326, which would be […]
The most prominent support zone was located around 1.0250. On September 19, the pair expressed a false breakdown reaching 1.0180 where an obvious bullish rejection was expressed to get the pair back above 1.0250 again resulting in a bullish Hammer weekly candlestick. As expected, the bullish momentum was expressed at retesting of the lower limit […]
Strong bullish sentiment was found at the support area around 1.4830, which pushed the pair to 1.5700, the level where two prominent tops were established, until the bulls initiated another bullish impulse towards 1.6200 where other two prominent tops were established. It is worthy of note, that the market initially expressed a bearish rejection around […]
Readings of the European Statistical Office disclosed three weeks ago showed that the European inflation was 1.1% in September, in line with preliminary projections, while it settled at 1.3% in August. This constituted to the recent bullish jump that took place on October 22. Around 1.3800, previous daily candlesticks represented indecision initiating a bearish retracement […]
On October 23, the GBP/USD pair broke initially the 1.6200 level hitting the area of 1.6250. However, most of the bullish gains were lost when the pair established a Double Top reversal pattern around 1.6200-1.6250. Failure to break down the 1.5900 level was observed weeks ago. Instead, a bullish rejection led to another bullish […]
Trading recommendations: The pair is trading above its pivot point. It is likely to trade in a higher range as far as it remains above its pivot point. As far as the price is above its pivot point, a long position is recommended with the first target at 105.45 and the second target at 105.85 […]
Overview: GBP/JPY is trading with bullish bias. The pair remains on the upside and is challenging its resistance. Trading recommendations: The pair is trading above its pivot point. It is likely to trade in a higher range as far as it remains above its pivot point. As far as the price is above its pivot […]
Overview: NZD/USD is to trade in higher range. Technically, the RSI is above its neutral area at 50. Trading recommendations: The pair is trading above its pivot point. It is likely to trade in a higher range as far as it remains above its pivot point. As far as the price is above its pivot […]
Overview: USD/CHF is expected to trade in higher range. The pair remains on the upside as the RSI is well directed. Trading recommendation: The pair is trading above its pivot point. It is likely to trade in a higher range as far as it remains above its pivot point. As far as the price is […]
The most noticeable move was made by the pound which gained against the dollar during a relatively quiet European session on the last day of the year. The dollar was broadly weaker especially against the yen but is on track to end the year with the best annual percentage gain versus the yen since 1979. […]
Overview: Since our last analysis, the EUR/NZD pair has been trading downwards, the price reached level of 1.6736 (met FE 100 %) on volume above the average. As you can see from the chart, price rejected from level of 1.6990 and tested 1.6736 (bearish corrective phase in progress).I placed Fibonacci expansion levels to find potential […]
The benefit of hindsight is a wonderful thing as one can calmly look back and review what happened without fear or worry of being proven wrong. In addition, for traders, the review of past events and their influence on the market is of paramount importance. Sadly this is often neglected in favour of looking at […]
EUR/USD: On this pair, there is currently a pullback in an uptrend. This is something that can enable the bulls to get into the market at a relatively cheaper price. The price is not supposed to go below the support line of 1.3700. The eventual target is at the resistance line of 1.3900. USD/CHF: On […]
FOREX Daily Outlook by Easy-Forex.com The EU Morning Report – Currencies mixed ahead of holiday season – 23 December 2013 Written by the easy-forex team Currencies The euro (EUR) has rebounded against the US dollar (USD) after touching 1.3636 on Friday. The single currency is currently at 1.3681 and may be looking at resistance at […]
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 04/09/2024: EUR/USD, GBP/USD, Oil and Bitcoin… April 9, 2024 We introduce you to the daily updated section of Forex…Video market update for April 09, 2024 April 9, 2024 Potential […]
The Dollar index is still trading within price limits that do not show a clear trend path. So we neither prefer bullish or bearish setups. We are not bullish or bearish. We prefer to remain neutral as the price action in the Dollar index due to holiday season remains low and volatility is expected to […]
General overview for 31/12/2013 10:15 CET The corrective cycle in wave (iv) blue continues and currently looks like a triange formation is in progress. The most important level is strong support zone between the levels of 144.20-144.34. The breakout below exposes upper boundary of the GAP zone. Breakout above intraday resistance level at the 145.02 […]
General overview for 31/12/2013 10:00 CET The last bullish count has been invalidated due to wave (i) and wave (iv) overlapse, so alterate count is in play. In this scenario, the level of 1.0735 is the top of the bullish cycle and the top for wave 5 of wave C green. Currently, the first two […]
Gold has been on a steep downtrend in the second half of the year and is on track for the biggest annual loss in over 30 years. The precious metal is losing its safe haven quality and many do not see it as a store of value as they move to equities which have been […]
Markets head to 2014 with whimper Morning Report: 07.15 London • As we head to 2014, markets appear to be easing back early. Stock markets are unchanged and holding gains for late January. • Commodities are seeing the biggest movement, with silver down 0.46%, while gold is up 0.32%. • The Australasian pairs are performing […]
December 31st, 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist. European markets have opened slightly higher today, as markets struggled for direction amid thin trading volume, as investors braced themselves for the final countdown to the New Year. Markets in Germany were closed while those in London, Paris and Brussels will close around midday. […]
The Nikkei was closed today for a holiday in Japan, and there were no economic data releases, resulting in a quiet Asian session. The dollar eased against the yen after a disappointing report on US pending home sales during yesterday‘s US session. Despite a gain of 0.2% in November in pending home sales, the number […]
Overview: The USD/CAD pair is going to call for a sideways market on December 31, 2013 and the price will probably be trapped between the level of 1.0580 and the 1.0725 level in order to form a range of 145 pips this week. However, risk to reward ratios are important and should be calculated, then […]
Today, it is a Bank holiday in Germany and in the Euro zone there is no data to be released as it is the New Year’s Eve. Only the US will release the US-Consumer Confidence data, so there is a big probability for the EUR/USD price action today to move with low volatility. TODAY’s TECHNICAL […]
It is Bank Holiday in Japan today, and the US will release only the US-Consumer Confidence, so there is a big probability for the USD/JPY price today to move with low volatility. TODAY’s TECHNICAL LEVELS: Resistance. 3 : 105.45. Resistance. 2 : 105.25. Resistance. 1 : 105.04. Support. 1 : 104.79. Support. 2 […]
The weekly pivot point: 0.8890. Overview: The USD/CHF pair is probably going to form a strong support at the level of 0.8830 (00% of Fibonacci retracement levels in the H1 chart, it formed the last bearish wave for the last week and the 0.8883 level also acts as strong support). The saturation is likely to […]
