Weekly technical levels: Use the M15 time frame to determine the last week’s low and high. The M15 is more precise. Equally important, the best indicator to use in this case is ZigZag’s indicator. It should be noted that in order to be able to insert ZigZag in your chart, you should follow this […]
Daily chart: The USD/JPY is in a clear bullish trend. Last week, the pair managed to break the resistance at the 98.25 level and now, it is getting closer to the next resistance level of 99.81. If the USD/JPY manages to break that resistance, it is expected to rise to the level of 100.94. On […]
TODAY’s TECHNICAL LEVELS: Resistance. 3 : 99.84. Resistance. 2 : 99.64. Resistance. 1 : 99.45. Support. 1 : 99.21. Support. 2 : 99.01. Support. 3 : 98.81. DESCRIPTION: Please, pay attention to the levels of support 3 (98.81) and resistance 3 (99.84). Normally, when a level is touched, USD/JPY will rebound from […]
TODAY’s TECHNICAL LEVELS: Breakout BUY Level: 1.3071. Strong Resistance: 1.3064. Original Resistance: 1.3051. Inner Sell Area: 1.3038. Target Inner Area: 1.3008. Inner Buy Area: 1.2978. Original Support: 1.2965. Strong Support: 1.2952. Breakout SELL Level: 1.2945. DESCRIPTION: Today EUR/USD has support and resistance at 1.2965 and 1.3038. The rate is accompanied by strong support at 1.2952 […]
The EUR/JPY is still in the uptrend movement now; this fact has been already indicated by all the three “Golden Cross” chart patterns created by Moving Averages. As long as the retrachement from the EUR/JPY do not touch the EMA 100 (Green), the uptrend situation will continue. RECOMMENDATION : BUY Stop (Pending Order) @ 129.51. […]
Weekly pivot point: Trading recommendations: According to the previous events, the price is still between the levels of 1.5240 and 1.5160. The descending movement will probably be lower than the 1.5280 level with the first targets at 1.5155 and 1.5025. Buy deals are recommended above the 1.5010 level with targets at 1.52 and […]
The dollar remains the focus of currency markets today. The greenback held onto last week’s gains and began the new trading week and new quarter on a strong footing. Markets are still speculating that the US Federal Reserve will soon begin to taper stimulus and cut back on bond buying which has been weakening the […]
The USD/CAD pair rose steeply last week approaching key resistance level of the ascending channel around at 1.0530 as depicted in the chart. The pair expressed a quite significant bearish movement during this week due to bearish rejection expressed at the upper limit of the ascending channel. Today, the possibility of a downside move is still intact, […]
On Monday, EUR/USD took a pause at the key zone between 1.3100-1.3050, then the bears expressed bearish breakout below 1.3050 that opened a way for the pair to record a new low at 1.2984. The nearest demand zone is located around 1.2970-1.2950, which corresponds to the uptrend line and the previous consolidation zone established in […]
The US dollar outperformed during the US session, rallying against most major peers after comments by several Fed officials. The Federal Reserve has been dominating the news this week as investors try to speculate when the Fed will being tapering its stimulus program. Federal Reserve Governor Jeremy Stein said today that the Fed may make […]
FOREX Weekly Outlook by Easy-Forex.com Weekly Outlook – 11th March 2013 USD/JPY soaring as US Data Improves Last week’s currency trading review USD/JPY persistently strong US data is helping the Yen pair tofresh multi year highs with February US Nonfarm payrolls beating expectationsat 236k vs. 160k forecast and the Unemployment Rate dropping sharply to 7.7%vs. […]
The Australian dollar falls since the start of the Friday. At the moment it is trading around the 0.92 level; it is expected to continue falling over because this pair is strongly tied to the gold price, and as this is very weak, in its turn it affects the Aussie and could pull low levels […]
Yesterday the EUR/USD pair bounced around the psychological level of 1.30. Therefore, it should not surprise us again to find support in this area. During the Friday’s session this pair reached the level of 1.31, although the upward force was not as expected. Given that this is the last day of the month, and many […]
Markets were more upbeat on Friday, and investors were squaring positions on the last day of the week as well as last trading day of the month and the quarter. Euro rallied against the dollar after strong German retail sales data today. Sales in the Euro zone’s largest economy rose more than expected to 0.8 […]
AUD/USD Elliott Wave Since our last analyses the AUD/USD pair has been trading downwards, just like we expected, impulsive wave 3 (coloured green) of the bigger wave 5 (coloured blue) has been developing. Yesterday, during the Asian and European sessions we could observe descending movement from 0.9329 towards the 0.9262 level. Therefore, during the New […]
USD/CAD Elliott Wave Since our last analysis the USD/CAD pair has been trading upwards, impulsive wave i (coloured green) of the bigger wave 5 (coloured blue) has been developing. Yesterday, during the Asian and European sessions we could observe strong ascending movement from 1.0423 towards the 1.0503 level. Therefore, during the New York session this […]
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:Video market update for April 15, 2024 April 15, 2024 Potential for the further rally on USD/JPYThe material has been…Forex forecast 04/15/2024: EUR/USD, GBP/USD,USD/CAD, USDX… April 15, 2024 We introduce you […]
NZD/USD: Resistance: 0.7960 (sell below this level). Support: 0.7684 (buy above this level for retesting this level for a short period). Double bottom will set at the level of 0.7684. Trend: upward (the trend still calls for a bullish market). Range: 120 pips (weekly). […]
Overview: The EURUSD’s support was broken and it was turned to resistance for two weeks. Therefore, the pair has already formed a strong resistance at 1.3211. Moreover, after it could not close above 38.2% Fibonacci retracements levels and start signing for bearish market, and the price has placed below 50% Fibonacci since two week. Additionally, […]
Daily bars, overall picture: The daily chart shows that the pair has resumed its downtrend from the lower line of the envelope model 0.93. MACD histogram is rising, stochastic is up, signifying the bullish trend. The main tendency is downtrend. However, there are no significant changes in the volumes. System analysis: We expect the continuation […]
FOREX Daily Outlook by Easy-Forex.com Gold on bearish outlook The euro (EUR) continues to slide against the US dollar (USD) as the pair trades at just above 1.3080. The single currency has found strong resistance at 1.3140 after it had risen from a 6 month low. The pair is heavily influenced by fundamentals such as […]
Yesterday data on UK Current Account in Q1 was disappointing; it dropped 14.5 billion pounds vs. forecast for -11.9 billion pounds. The pound lost 54 points. This morning strong data on Japan was published; Manufacturing PMI in Japan in June was 52.3 vs. 51.5 in May, Industrial Production in May grew 2.0% vs. forecast for […]
Published on Thursday data was positive for the market. Weak auction of Italian 10-year yields, which dropped 7 basis points to 4.49%, was leveled by increased Eurozone Retail PMI in June (49.1 vs. 46.8 in May). Data on US Initial Jobless Claims was almost in line with forecast, figures of US Personal Spending were better, […]
Wave analysis: Having rebounded from the maximum of 1.2975, EUR/USD was consolidating yesterday between the 30th figure level and 1.3050. Thus, we can probably observe now an incomplete correction figure of a would-be wave B of the downtrend which started from the high of May 19. If our projection is correct, the upward move can […]
Daily chart: The GBPUSD pair is trying to break the support at the 1.5266 level. If the pair manages to break that level, it is expected to fall to the level of 1.5159. On the other hand, it is very possible that GBPUSD makes a bullish rebound in this support, because this pair is very […]
Gold has tumbled below the key $1,200 level, reaching as low as $1180.11 in early Asian trading hours on Friday. The precious metal has lost over 28 percent in value so far this year, affected by a stronger dollar. The greenback has rebounded as a result of expectations of the Federal Reserve tapering stimulus. Until […]
EURUSD: For those who simply followed the bearish trend on the EURUSD pair, this week has seen the pair moving in the forecasted direction, irrespective of occasional counter-trend moves. There is another countertrend move right now, but it is not expected to go above the resistance line at 1.3100. USDCHF: The USDCHF pair (as slow […]
Today’s Support and Resistance levels: R3: 130.71 R2: 130.09 R1: 129.70 Current Spot: 129.05 S1: 128.64 S2: 128.37 S3: 127.90 Technical overview: The rally of the 126.57 low has been very dynamic and the fact, that we have broken above the falling channel resistance line has forced us to make a slight change in our […]
TODAY’S TECHNICAL LEVELS: Resistance 3: 99.15. Resistance 2: 98.96. Resistance 1: 98.76. Support 1: 98.52. Support 2: 98.33. Support 3: 98.13. DESCRIPTION: Please pay attention to the levels of support 3 (98.13) and resistance 3 (99.15). Normally, when a level is touched, USD/JPY will rebound from the previous minimum by 10 to 20 pips, but […]
TODAY’S TECHNICAL LEVELS: Breakout BUY Level: 1.3099. Strong Resistance: 1.3092. Original Resistance: 1.3079. Inner Sell Area: 1.3066. Target Inner Area: 1.3036. Inner Buy Area: 1.3006. Original Support: 1.2993. Strong Support: 1.2980. Breakout SELL Level: 1.2973. DESCRIPTION: Today EUR/USD has support and resistance at 1.2993 and 1.3079. The rate is accompanied by strong support at 1.2980 […]
