The euro was unable to recover the losses occurred on Wednesday. Yesterday it closed right at the level of 1.3219, the first weekly support level. Now in the morning during the American session, it is located at the level of 1.32. It is very likely that there is imminent fall of the pair, because if […]
We are very pleased to report that on 15th June 2013 XM, official patron of the London School of Economics, had the privilege to host their first forex seminar on the university premises in London, UK. Avramis Despotis, worldwide acknowledged Certified Instructor and Portfolio Manager, presented the topic Learn to Earn Intraday Trading on a […]
We are very pleased to report that on 15th June 2013 XEMarkets, official patron of the London School of Economics, had the privilege to host their first forex seminar on the university premises in London, UK. Avramis Despotis, worldwide acknowledged Certified Instructor and Portfolio Manager, presented the topic Learn to Earn Intraday Trading on a […]
AUD/USD Elliott Wave Since our last analysis the AUD/USD pair has been trading downwards, impulsive sub-wave 3 of the bigger wave 3 (coloured blue) has been developing. Yesterday, during the Asian and European sessions we could observe descending movement from 0.9312 towards the 0.9164 level and we can consider this move as the end of […]
USD/CAD Elliott Wave For the last few days the USD/CAD pair has been trading upwards, impulsive wave 3 (coloured blue) of the bigger wave [1] (coloured red) has been developing. Yesterday, during the Asian and European sessions we could observe strong ascending movement from 1.0261 towards the 1.0330 level. Therefore, during the New York session […]
Overview: Since our last analysis Gold has been trading in downward moves like we expected, we tested level 1,268.00 on very high volume. We are now heading to test FE 100% at price 1,221.00 (second short-term target), according to the daily chart. I saw decreasing volume in the previous move up which is a good […]
Overview: Since our last analysis the EUR/NZD pair has been trading upwards like we expected, price tested level of 1.7108 (previous up swing). I placed Fibonacci expansion level for future up and I got FE 61.8% at price 1.7500. Since we broke level 1.7106 (previous swing high), we may expect future up. Current situation on […]
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:Weekly Forex Outlook: 12/04/2024 – More inflation data on… April 12, 2024 CPI numbers due in the UK and Japan. China to also…Video market update for April 11, 2024 April 11, 2024 […]
Yesterday data on the UK was rather optimistic to limit the pound from falling amid the drop on the market. UK Retail Sales in May grew 2.1% vs. forecast for 0.8% and revised upwardly to -1.1% in April. CBI Factory orders in June was lower than forecast (-18 vs. -15), however, that was better than […]
Yesterday the euro fell 175 points, S&P 500 dropped 2.5%. Macroeconomic news were mixed and could not manage to limit effect produced by the Fed’s decision announced on Wednesday. Manufacturing PMI in Germany was lower than expected (48.7 vs. 49.9), Manufacturing PMI in the eurozone surpassed the expectations (48.7 vs. 48.6). US Initial Jobless Claims […]
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 […]
Today’s Support and Resistance levels: R3: 1.7189 R2: 1.7113 (New top) R1: 1.7050 Current Spot: 1.7004 S1: 1.6970 S2: 1.6918 S3: 1.6881 Technical overview: We saw a new top at 1.7113 yesterday, so from an Elliott Wave Perspective we now have a five wave rally since the 1.5080 low. That does not mean we think […]
Today’s Support and Resistance levels: R3: 129.91 R2: 129.50 R1: 128.92 Current Spot: 128.82 S1: 128.09 S2: 127.58 S3: 127.04 Technical overview: As we broke above resistance at 129.34 the only line of defence we had back was the falling channel resistance line near 129.90. This resistance line has so far protected the upside and […]
Daily chart: The GBPUSD pair continues forming a higher low pattern below the 200-day moving average and the support level 1.5506. In yesterday’s session, the pair fell again to touch the support level at 1.5407, but quickly the cable backed up to the level of 1.5506. If the GBPUSD pair rebounds at this level, we […]
Daily chart: The USDX consolidated above the resistance level at 81.50 and above the SMA 200. It is very possible that this is the beginning of a bullish trend in the medium-long term, due to this consolidation. It is very possible that the USDX will make very slow movements in today’s session, because in smaller […]
Overview: The EUR/USD’s resistance (1.3180) has broken and it turned to support last week, therefore the pair has already formed a strong support at 1.3180. Moreover, after it could not close above 00% Fibonacci retracements levels and start signing for bullish market, and the price has placed above 23.6% Fibonacci. It should also be […]
TODAY’S TECHNICAL LEVELS: Resistance 3: 97.70. Resistance 2: 97.51. Resistance 1: 97.32. Support 1: 97.09. Support 2: 96.90. Support 3: 96.70. DESCRIPTION: Please pay attention to the levels of support 3 (96.70) and resistance 3 (97.70). 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: 1.3293. Strong Resistance: 1.3285. Original Resistance: 1.3272. Inner Sell Area: 1.3259. Target Inner Area: 1.3228. Inner Buy Area: 1.3197. Original Support: 1.3184. Strong Support: 1.3171. Breakout SELL Level: 1.3163. DESCRIPTION: Today EUR/USD has support and resistance at 1.3184 and 1.3272. The rate is accompanied by strong support at 1.3171 […]
EUR/JPY still in the uptrend even though they have got a small retracement; this is already indicated by Candle still above the EMA (100) although the EMA (14) already crossed bellow the EMA (34). RECOMMENDATION: Buy stop (pending order) at 128.76. Take proft at 128.90. Stop loss at 128.66. Best regards, Arief Makmur […]
EUR/USD: As predicted earlier, the pair has given up about 2 weeks’ gains, following the current Bearish Confirmation pattern in the chart. It is now ideal to look for short trades in the market. The support line at 1.3200 is highly vulnerable to bearish attack, and it is probable that the price would go lower […]
Overview: USD/CHF: The price has still been trapped between 0.9275 – 0.9300 as well as it has been set below strong resistance at the level of 0.9420 (this level is formed at the weekly pivot point for June 17 – 21, 2013). Additionally, it should be noted that these levels are coinciding between 23.6% and […]
Overview Like it was expected yesterday, the metal will take a downward move in case of breaking the Support level 21.00. Yesterday and as shown the metal already broke it and currently is trading below. Presently the pair is approaching the support level 19.75 and testing it continues its bearish move. If the metal manages […]
Overview From the today’s H4 chart and as it was expected yesterday, the pair might take a new bullish signals in case of closing 4H above the resistance level 150.00 after it has been tested yesterday. Today the pair took an upward movement and managed to break the strong resistance area 150.00-150.00. Currently, the […]
Yesterday after making a maximum at 1.5750 the British pound weakened amid the Fed’s announcement. It just started a downward sequence as we mentioned yesterday when the Momentum Indicator had broken the moving average of the MACD, which was the time to sell. However, we expect a rebound in the pair, the second weekly support […]
The EUR/USD pair, from Tuesday and part of Wednesday’s session remained motionless, trading above 1.34, a value that looked very high, without significant fundamental to justify it. After the Fed’s announcement this pair fell in a few hours more than 200 points. However, observing the graph we notice that this pair has broken the […]
Yesterday the Australian dollar fell due to Fed’s announcement. Its monetary policy affected all pairs traded against the US dollar, the pair fulfilled our goal that we discussed for several days, which first covered gap 2010 at 0.9270 and reaching the second weekly support, 0.9181. Given that we think now if it is oversold, […]
On the daily chart, we find that daily closure at 1.5409 (June 5) opened the way towards 1.5580, 1.5680, and 1.5750 (this week’s high). The pair consolidated above 1.5603 (the high of May). This leads to another significant bullish impulse towards 1.5680-1.5700 (backside of the broken channel and upper limit of the depicted triangle on 4H […]
After the EUR/USD pair recorded a new high at 1.3415, significant bearish pressure was appliead enhanced by the Federal statement that gave US dollar much strength against most other currencies. This events activated the other scenario of reversing off 1.3425-1.3450 and heading towards 1.3180-1.3200 for retesting. Price action should be watched at 1.3180-1.3200 for a […]
The GBP/USD pair expressed quick decline towards 1.5450 after US dollar gained much strength affected by Federal Statement yesterday. Technically, the pair reacted bearishly towards mentioned supply zone extending between 1.5680 and 1.5750 (61.8% Fibonacci) that leads to this decline towards 1.5420 (SMA 100). Due to this steep decline, we expect some recovery to take […]
Overview: Since our last analysis Gold has been trading in downward moves like we expected, tested level 1,284.00 and reached our intraday target level at price 1,356.00 and our first short-term target at level 1.323.00. We are now heading to test FE 100% at price 1,221.00 (second short-term target), according to the daily chart. I […]
