The Dollar index continues to be in an upward short-term trend. This bullish trend remains intact as long as prices trade above the upward sloping trend line support. The short-term support is found at 80.90. The short-term resistance is found at 81.20. Prices make a pattern of higher highs and higher lows. This is bullish. […]
GBP/USD has 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 for them. Further successful retesting took place on mid of December that pushed the pair again to the upside. […]
Overview: Since our last analysis, the EUR/NZD pair has been trading upwards,as we expected, the price tested the level of 1.6328 on average volume. As you can see in the chart, after the selling climatic action at 1.6270, EUR/NZD started upward movement. Currently, we can observe volume leveling off at the price of 1.6246 which […]
This week, the bulls managed to reach new price levels (around 1.1000) that haven’t been reached since September 2009. This bullish momentum is purely fundamental-induced due to the positive data from the United States. Yesterday, Fed watcher Jon Hilsenrath comments about the probability to reduce further monetary easing in the next week applied further bullish […]
The bulls managed to break through 1.6450-1.6480 (50% – 61.8% Fibonacci levels and the upper limit of the ongoing channel). This invalidated our short-term bearish scenario. Fundamentally, the Sterling Pound rose quickly after showing a sharp decline in the unemployment rate. This enhanced the image on the economic recovery of the UK. The unemployment rate […]
(click to enlarge) Having received a significant boost from the December retail sales report last Friday, the pound benefitted from a big drop in UK unemployment today. Specifically, the ILO definition of the unemployment rate fell to 7.1% in the three months to November from 7.4% the previous period. It was the lowest unemployment rate […]
Bitcoin, the digital currency was not too long ago a matter associated with computer geeks and speculators, in the last few months has broken into the general public, gaining more press coverage and popularity worldwide. But what is Bitcoin, how it can be used and how can you buy and sell the digital currency. What is […]
Bullish movement above 1.3450 within the previous bullish channel allowed the pair to hit further supply levels around 1.3650 then 1.3750. This bullish momentum was taking place until obvious bearish rejection was expressed at 1.3850 (failing to reach 100% Fibonacci Expansion at 1.3904). A breakdown of the depicted bullish channel took place shortly after (January […]
The Australian dollar climbed to its highest level in a week against the US dollar during the Asian trading session on Wednesday, after the nation’s inflation data for the fourth-quarter accelerated higher than expected. The aussie added 0.59% to $0.8859 against the US dollar at the time of writing, while the Consumer-price inflation advanced 0.8% […]
GBPUSD: With GBP remaining bullish in the medium term and breaking above the 1.6516 level, its Jan 10 2014 high, the risk is for it to recapture the 1.6603 level, its Jan 02’2014 high. Further out, a breach of this level will open the door for additional strength towards the 1.6650 level with a turn […]
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 […]
FOREX Daily Outlook by Easy-Forex.com The EU Morning Report – Kiwi climbs as country’s inflation accelerates – 21 January 2013 Written by the easy-forex team Currencies The euro (EUR) advanced from its two month low at 1.3507 up to 1.3567 against the US dollar (USD). On the calendar, the German ZEW Economic Sentiment due at […]
General overview for 22/01/2014 08:30 CET This pair is keeping making new higher highs and that is why I decided to take a look at the higher time frames like H4 to analyse the possible wave development. There is some evidence, that a termination pattern in shape of Ending Diagonal triangle is being formed on […]
(click to enlarge) As can be seen from the chart, the pound has performed particularly strongly against the US dollar during the last 6 months following the 1.47 low in early July 2013. Following a 2-year high at 1.6592 on the first trading day of 2014 (January 2nd), the pound has corrected somewhat, making a […]
Markets head for five year high Morning Report: 08.30 London • This morning, European stock markets are heading for their highest levels for five years as liquidity fears ease across Asia. The S&P 500 futures are currently just below right levels after a volatile session yesterday. • The Australian dollar is the […]
General overview for 22/01/2014 08:15 CET The yesterday’s labeling has been slightly changed and the top for wave (i) blue has been moved higher to the level of 141.82. The following price action is a corrective cycle wave (ii) blue and still more upward price progression is expected when the correction is finished. The first […]
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The dollar was well supported during today’s Asian trading but there was some volatility with respect to yen crosses following the announcement from the Bank of Japan. The Bank of Japan kept its policy unchanged and gave no hints about further loosening, which might have disappointed some market participants who were hoping for promises of […]
EUR/USD: In this market, since the EMA 11 is below the EMA 56 and the price action is showing weakness of the market, it would be likelier for the price to keep on going downwards. The upward swing of the Williams’ % Range testifies to the good chance to go short when the price rallies […]
Now that 2013 is behind us and we’re officially back from the holiday break, it’s time to get all our ducks in a row for 2014. But if there’s anything we can take away from 2013, it’s that preparation is all well and good, until a big old surprise comes out of the blue and […]
There is no economic data to be released from Euro Zone and the US. That is why we predict this pair today to move with low volatility. TODAY’s TECHNICAL LEVELS: Breakout BUY Level: 1.3634. Strong Resistance:1.3626. Original Resistance: 1.3613. Inner Sell Area: 1.3600. Target Inner Area: 1.3568. Inner Buy Area: 1.3536. Original Support: 1.3523. Strong […]
In Asia, Japan will release the Monetary Policy Statement, All Industries Activity m/m, BOJ Press ConferenceВ and the US will not release any economic data. So there is a big probability the USD/JPY will move with low volatility during this day.В TODAY’s TECHNICAL LEVELS:В Resistance. 3 : 104.86. Resistance. 2 : 104.66. Resistance. 1 : […]
The German economy grew 0.4% in the previous year and is expected to show better performance in the current year of 2014. The euro zone is showing a good sign of recovery led by increase domestic demand. Strong domestic demand plays a vital role in the German recovery. In the year of 2013, GDP stretched […]
Trading recommendations: According to previous events, the price of the GBP/USD pair has still been trapped between 100% of Fibonacci retracement and 61.8% in H1 chart. Long Buying: Buy above 1.6387 with the first target of 1.6466, it might resume to 1.6515. Short Selling: Outlook -1-: Swing trade at 1.6520 in order to sell with […]
The EUR/USD pair for swing trade on January 22, 2014. The last four strong levels: Swing bearish trade = (Sum of Resistances ) / (Total of Resistances) Swing bearish trade = (1.3471 + 1.3585 + 1.3653 + 1.3767) / 4 Swing bearish trade = 1.3619 The market will indicate a bearish opportunity at the level […]
Daily chart: The USDX has made a bearish rebound that could indicate a change in trend, as the USDX could be finding dynamic resistance in the 200 SMA. Now, the USDX is approaching consolidate below the 200 SMA, so it is very likely that the USDX to fall to the support level of 80.62. However, […]
Daily chart: This pair has made a breakout at the level of 1.6447 and is now consolidating above this level with a lower high pattern. It is very likely that this pair rise to the resistance level of 1.6540. However, expect this pair to start making corrective movements for the rest of the week, but […]
Overview: USD/JPY is expected to consolidate after hitting a four-day low of 103.87 Monday. It is supported by the JPY sales on rebounding yen crosses after stronger-than-expected China 4Q GDP data, the demand from Japan importers and ultra-loose Bank of Japan’s monetary policy. But USD/JPY upside is limited by broadly weaker dollar undertone (ICE spot […]
Overview: USD/CHF is expected to consolidate in higher range after hitting a two-month high of 0.9132 Monday.It is undermined by the broadly weaker dollar undertone and franc demand on the rebounding CHF/JPY cross. Daily chart is still positive-biased as MACD and stochastics are bullish, although the latter in overbought zone, five and 15-day moving averages […]
Overview: NZD/USD is expected to trade in higher range. It is supported by the surprise 0.1% quarter rise in New Zealand 4Q CPI (versus the forecast 0.1% fall),the hawkish Reserve Bank of New Zealand’s monetary policy stance and Kiwi demand on soft AUD/NZD cross, rebounding of NZD/JPY cross, and broadly weaker dollar undertone. Daily chart […]
