The Australian dollar has been pushed down below the weekly pivot line, which is located at 0.9519. We see that it is still very difficult to sell the Aussie at this level again in the medium term. We hold our bearish outlook to the 0.9270 area, but in the coming days the pair may move […]
This morning the British pound looked very bizarre in the American session, it moved without a clear direction. But also without the upward force shown in the previous days. The decline of British currency to 1.5640 could mean the beginning of medium-term downtrend. However, if you look at the chart, this pair is above the […]
The USDCAD pair was declining for the second week except for some recovery observed on the last three trading days which is not that strong by the way. Further bearishness is expected this week. This will leave the pair targeting further downside towards the 1.0100 level, where the lower limit of the bullish channel is […]
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). On the 4H chart, the visible bullish pressure being applied over 1.5400 resulted in the explosive bullish movement that occured during last two weeks targeting 1.5750. The pair consolidated above 1.5603 […]
Overview: GBP/JPY is trading in higher range as markets await U.S. FOMC interest rate decision. GBP/JPY is underpinned by positive investor risk appetite; strong euro sentiment; demand from Japan importers. But EUR/JPY gains are tempered by Japan exporter sales. Daily chart is mixed as MACD is bearish, but stochastics have turned bullish near oversold. Trading […]
The EUR/USD pair is very slow in movements from the European session and it may extend until noon ET. In this context it moves within the 1.34. It did not exceed the maximum on Tuesday and today it was 1.3415 so far. Overcoming this level, it extends its gains to 1.3431 area, the break of […]
Overview: USD/JPY is consolidating in higher range before 18:00 GMT U.S. Federal Open Market Committee interest rate decision, which is followed by Chairman Bernanke’s press briefing. Market participants are watching for indication about when the Federal Reserve will taper down its monthly purchases of $45 billion of Treasurys and $40 billion of mortgage securities, […]
Overview: NZD/USD is consolidating after hitting three-day low of 0.7946 Tuesday as markets await U.S. FOMC interest rate decision. NZD/USD is undermined by contagion from weak Aussie; fears over China’s economic slowdown. But NZD/USD downside is limited by positive investor risk appetite. Daily chart is mixed as MACD is bullish, but stochastics is in bearish […]
Overview: USD/CHF is consolidating after hitting three-day low of 0.9172 Tuesday as markets await U.S. FOMC interest rate decision. Swiss franc sentiment boosted after Switzerland’s lower house of Parliament voted 126-67 against a plan which would allow the country’s banks to skirt Switzerland’s banking secrecy law and hand information to the U.S. Department of Justice […]
GBP/USD pair reacted bearishly yesterday towards mentioned supply zone extending between 1.5680 and 1.5830. Although the daily candlestick stepped below 1.5615 (Friday’s low) reaching 50% Fibonacci at 1.5580, the pair failed to close below. Instead, we had daily closure at 1.5643 meaning that 1.5600 is still expressing bullish defence. This daily closure may enhance […]
The EUR/USD pair recorded a new high yesterday at 1.3415 which is near the main target of the ongoing bullish movement at 1.3425-1.3450. While the EUR/USD is approaching this price levels, we must be cautious as it corresponds to a weekly downtrend line connecting previous tops at 1.4940 and 1.3700. The market is also waiting […]
Overview: USD/CHF The price has still been trapped between 0.9243 — 0.9215 as well as it has been set below strong resistance at the level of 0.9403 (this level is formed at the weekly pivot point for June 10 – 14, 2013). Additionally, it should be noted that these levels are coinciding between 50% […]
No significant change than in the previous report, the cable movement remains within the range of the resistance area extending from 1.5680 to 1.5830 and although the pair recorded a new High yesterday at 1.5750, it returned again to trade on the borders of 1.5700. Key level for the day is 1.5620, a demand zone […]
Overview: USD/CAD: The market continues to show signs of strength following the break at 1.0110 (green horizontal line in the chart). Additionally, USD/CAD’s resistance was broken and turned to support last month. Furthermore, the pair has already formed a strong support at the level of 1.0110. Consequently, the market indicates a bullish opportunity at the […]
Overview: Since our last analysis Gold has been trading in downward moves like we expected, price tested the level 1,360.00 and almost reached our intraday target level at price 1,356.00. We are also waiting for our first short-term target level FE 61.8% at price 1,323.00, according to the daily chart. I saw decreasing volume in […]
Overview: Since our last analysis the EUR/NZD pair has been trading downwards, just like we expected, price rejected from the level of 1.6821 (FR 61.8%) and tested FR 38.2 % at price 16663. I placed Fibonacci Retracement levels and I got FR 61,8% at price 1.6831. According to my trading rules if FR 61.8% at […]
AUD/USD Elliott Wave For the last few days the AUD/USD pair has been trading downwards, impulsive wave 3 (coloured blue) of the bigger wave (3) (coloured red) has been developing. Yesterday, during the Asian and European sessions we could observe strong descending movement from 0.9571 towards the 0.9441 level. Therefore, during the late New York session […]
USD/CAD Elliott Wave Since our last analysis the USD/CAD has continued trading higher just like we expected, impulsive wave 3 (coloured blue) of the bigger wave [1] (coloured red) has finished developing. During the Tuesdays Asian and European sessions we could observe ascending movement from 1.0177 towards the 1.0213 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 17, 2024 April 17, 2024 Potential for the further drop on NAS100The material has been…Forex forecast 04/17/2024: EUR/USD, GBP/USD, Gold, Bitcoin… April 17, 2024 We introduce […]
EURUSD: The EURUSD pair is still in a bullish mode, as suggested by the indicators on the chart. The price line at 1.3400 is a forgone conclusion: the pair would soon be trading above it as it goes towards the resistance line at 1.3450. It is suggested that one should only seek to go long. […]
Yesterday the major event in the UK was information about Moody’s reduced Co-operative Bank’s debt and deposit ratings to Caa1 from Ba3, the bank is on the verge of bankruptcy. The agency has announced that while the bank will be salvaged, the bank’s investors may have losses. As the data on inflation was in […]
June 19th 2013, Daily Market Bite from Ishaq Siddiqi Market Strategist Steady start for European share markets Wednesday morning despite respectable gains on Wall Street overnight. Volatility runs high as markets await the FOMC rate announcement and press conference over the central bank’s stance on monetary policy measures. Asian markets were mixed with shares in […]
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 ZEW Economic Sentiment both in the eurozone and in Germany was better than expected. The euro managed to grow and as the result it added 28 points. However, the growth was on small volumes and this movement may be considered a speculative one. Now the investors are intrigued whether there will […]
Today’s Support and Resistance levels: R3: 1.6913 R2: 1.6870 R1: 1.6825 Current spot: 1.6768 S1: 1.6742 S2: 1.6710 S3: 1.6669 Technical overview: We are currently in black wave v higher from the 1.6388 low. Since the low at 1.6388, we have seen an impulsive rally to 1.6825. It marks red wave i and we are […]
Daily chart: Crude Oil continues to rise above the support at the 96.73 level and gradually is approaching the resistance at 100.33 level. For today’s session, it is likely that Crude Oill will make consolidation movements, trying to form a lower high pattern, to continue climbing up to that resistance level. However, if Crude Oil […]
TODAY’S TECHNICAL LEVELS: Resistance 3: 95.99. Resistance 2: 95.80. Resistance 1: 95.61. Support 1: 95.38. Support 2: 95.19. Support 3: 95.00. DESCRIPTION: Please pay attention to the levels of support 3 (95.00) and resistance 3 (95.99). 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: 1.3459. Strong Resistance: 1.3451. Original Resistance: 1.3438. Inner Sell Area: 1.3425. Target Inner Area: 1.3393. Inner Buy Area: 1.3361. Original Support: 1.3348. Strong Support: 1.3335. Breakout SELL Level: 1.3327. DESCRIPTION: Today EUR/USD has support and resistance at 1.3348 and 1.3438. The rate is accompanied by strong support at […]
Daily chart: USD/JPY bounced on the support level of 94.53 and this pair is now above the level of 95.00, approaching the level of resistance at 96.38. If USD/JPY manages to break that resistance, it would be expected to rise to the level of 98.25. Furthermore, there is the possibility that the pair will make […]
Today’s support and resistance levels: R3: 128.50 R2: 128.28 R1: 127.78 Current spot: 127.53 S1: 127.23 S2: 126.92 S3: 126.13 Technical overview: When strong short-term resistance at 126.91 was broken, we knew that we need a rally towards 128.28 before the next attempt to break below strong support at 124.96 will be seen. We have […]
