Month: December 2013

2013.12.05 13:30 6:30AM ET | GBPUSD Currency Pair

Here are the Pivot Points Levels with Support (S) and Resistance (R) for the GBPUSD currency pair today. Price action is currently trading below the daily pivot point at the 1.63577 price level, according to data at 6:30 AM ET. The GBPUSD high for the day has been 1.64026 while the low of day reached to 1.63365. The pair earlier today opened the Asian trading session above the daily pivot, bounced off the pivot higher and then found resistance near the 1.6400 level to trend lower as the day has gone by.

Daily Pivot Point: 1.63683
— S1 – 1.63342
— S2 – 1.62870
— S3 – 1.62529
— R1 – 1.64155
— R2 – 1.64496
— R3 – 1.64968

Weekly Pivot Points: GBPUSD

Prices are currently trading above the weekly pivot point at time of writing. The GBPUSD has been on an overall sideways trend this week after opening the trading week higher than the weekly pivot.

Weekly Pivot Point: 1.62918
— S1 – 1.62003
— S2 – 1.60407
— S3 – 1.59492
— R1 – 1.64514
— R2 – 1.65429
— R3 – 1.67025

By CountingPips.com – Forex Trading Apps & Currency Trade Tools

Disclaimer: Foreign Currency trading and trading on margin carries a high level of risk and volatility and can result in loss of part or all of your investment. All information and opinions contained do not constitute investment advice and accuracy of prices, charts, calculations cannot be guaranteed.

2013.12.05 13:30 6:30AM ET | EURUSD Currency Pair

Here are the Pivot Points Levels with Support (S) and Resistance (R) for the EURUSD currency pair today. Price action is currently trading over the daily pivot point at the 1.35903 price level, according to data at 6:30 AM ET. The EURUSD high for the day has been 1.36387 while the low of day has reached to 1.35795. The pair earlier today opened the Asian trading session above the daily pivot, caught some bullish momentum up to above the R1 level and then has trended back towards the pivot as the day has progressed.

Daily Pivot Point: 1.35747
— S1 – 1.35449
— S2 – 1.34978
— S3 – 1.34680
— R1 – 1.36218
— R2 – 1.36516
— R3 – 1.36987

Weekly Pivot Points: EURUSD

Prices are currently trading over the weekly pivot point at time of writing. The EURUSD has been on an overall sideways trend from the start of this week after opening the trading week above the weekly pivot.

Weekly Pivot Point: 1.35664
— S1 – 1.35118
— S2 – 1.34348
— S3 – 1.33802
— R1 – 1.36434
— R2 – 1.36980
— R3 – 1.37750

By CountingPips.com – Forex Trading Apps & Currency Trade Tools

Disclaimer: Foreign Currency trading and trading on margin carries a high level of risk and volatility and can result in loss of part or all of your investment. All information and opinions contained do not constitute investment advice and accuracy of prices, charts, calculations cannot be guaranteed.

In an interview with WSJ’s David Wessel, Cornell’s Eswar Prasad, author of a forthcoming book, “The Dollar Trap: How the U.S. Dollar Tightened Its Grip on Global Finance,” explains why the U.S. currency remains so dominant despite all the nation’s woes.

A federal judge on Tuesday formally declared Detroit bankrupt, a landmark ruling that clears the way for potentially sweeping cuts to city worker pensions and retirement benefits and for steep and possibly precedent-setting losses to the cash-strapped city’s bond holders. The ruling by U.S. Judge Steven Rhodes, who cited the city’s dismal finances and $18 billion owed to a multitude of creditors in support of his decision, marks a watershed in the history of Detroit. Once known as the cradle of the U.S. auto industry, the arsenal of democracy and the birthplace of Motown music, Detroit now adds an ignominious new title: largest bankrupt city in U.S. history.

2013.12.04 | USDCAD Market Analysis

USDCAD Trends & Fibonacci Retracement Levels

The USDCAD currency pair has been gaining more higher ground in forex market trading today with the USDCAD registering a high of 1.06768 and reaching to a low of 1.06369 on the day. Trends data shows the pair is continuing along in a short-term uptrend with prices trading over the 21-period linear moving average. Over the longer term trend, the pair also continues to be in an uptrend as seen on the daily chart by the 90-day Linear Regression Channels below. Watch for the top of the fibonacci at 0.0% (1.06711) for upside resistance with near-term support likely to be found below at the major 1.0650 level.

USDCAD Trends Data: Linear Regression Indicator

10-day current trend is BULLISH / Trend strength of 216.8 pips
30-day current trend is BULLISH / Trend strength of 216.8 pips
60-day current trend is BULLISH / Trend strength of 325.2 pips
90-day current trend is BULLISH / Trend strength of 159.1 pips
180-day current trend is BULLISH / Trend strength of 322.7 pips

Fibonacci Retracement Levels: Past 100 Days

— 0.000 – 1.06711
— 0.236 – 1.05554
— 0.382 – 1.04838
— 0.500 – 1.04259
— 0.618 – 1.03681
— 0.764 – 1.02965
— 1.000 – 1.01808

By CountingPips.com – Forex Trading Apps & Currency Trade Tools

Disclaimer: Foreign Currency trading and trading on margin carries a high level of risk and volatility and can result in loss of part or all of your investment. All information and opinions contained do not constitute investment advice and accuracy of prices, charts, calculations cannot be guaranteed.

2013.12.04 | USDJPY Market Analysis

USDJPY Trends & Fibonacci Retracement Levels

The USDJPY currency pair has been virtually unchanged in forex market trading today as this sharply ascending pair looks to take a breather. The USDJPY has registered a high of 102.828 and reached to a low of 102.232 on the day. Trends data shows the pair is potentially topping out in its short-term uptrend with prices trading right at the 21-period linear moving average. Over the longer term trend, the pair continues to be in an uptrend as seen on the daily chart by the 90-day Linear Regression Channels below. Fibo target levels include the 0.0% retracement at 103.37 above and the 23.6% retracement of 101.583 below.

USDJPY Trends Data: Linear Regression Indicator

10-day current trend is BULLISH / Trend strength of 252.7 pips
30-day current trend is BULLISH / Trend strength of 582.4 pips
60-day current trend is BULLISH / Trend strength of 334.5 pips
90-day current trend is BULLISH / Trend strength of 288.2 pips
180-day current trend is BULLISH / Trend strength of 120.7 pips

Fibonacci Retracement Levels: Past 100 Days

— 0.000 – 103.370
— 0.236 – 101.583
— 0.382 – 100.478
— 0.500 – 99.585
— 0.618 – 98.691
— 0.764 – 97.586
— 1.000 – 95.799

By CountingPips.com – Forex Trading Apps & Currency Trade Tools

Disclaimer: Foreign Currency trading and trading on margin carries a high level of risk and volatility and can result in loss of part or all of your investment. All information and opinions contained do not constitute investment advice and accuracy of prices, charts, calculations cannot be guaranteed.

2013.12.04 13:30 6:30AM ET | EURUSD Currency Pair

Here are the Pivot Points Levels with Support (S) and Resistance (R) for the EURUSD currency pair today. Price action is currently trading over the daily pivot point at the 1.35900 price level, according to data at 6:30 AM ET. The EURUSD high for the day has been 1.35970 while the low of day reached to 1.35666. The pair earlier today opened the Asian trading session above the daily pivot and has trended mostly sideways over the course of the day with support being found at the pivot area 0f 1.3575.

Daily Pivot Point: 1.35753
— S1 – 1.35376
— S2 – 1.34860
— S3 – 1.34483
— R1 – 1.36269
— R2 – 1.36646
— R3 – 1.37162

Weekly Pivot Points: EURUSD

Prices are currently trading higher than the weekly pivot point at time of writing. The EURUSD has been on an overall sideways pace this week after opening the trading week above the weekly pivot.

Weekly Pivot Point: 1.35664
— S1 – 1.35118
— S2 – 1.34348
— S3 – 1.33802
— R1 – 1.36434
— R2 – 1.36980
— R3 – 1.37750

By CountingPips.com – Forex Trading Apps & Currency Trade Tools

Disclaimer: Foreign Currency trading and trading on margin carries a high level of risk and volatility and can result in loss of part or all of your investment. All information and opinions contained do not constitute investment advice and accuracy of prices, charts, calculations cannot be guaranteed.

2013.12.04 13:30 6:30AM ET | GBPUSD Currency Pair

Here are the Pivot Points Levels with Support (S) and Resistance (R) for the GBPUSD currency pair today. Price action is currently trading below the daily pivot point at the 1.63675 price level, according to data at 6:30 AM ET. The GBPUSD high for the day has been 1.63965 while the low of day reached to 1.63210. The pair earlier today opened the Asian trading session just below the daily pivot and has trended lower over the course of the day with prices seeing a spike lower through the S1 support level before recovering somewhat.

Daily Pivot Point: 1.63899
— S1 – 1.63442
— S2 – 1.62998
— S3 – 1.62541
— R1 – 1.64343
— R2 – 1.64800
— R3 – 1.65244

Weekly Pivot Points: GBPUSD

Prices are currently trading over the weekly pivot point at time of writing. The GBPUSD has been on an overall sideways trend this week after opening the trading week above the weekly pivot.

Weekly Pivot Point: 1.62918
— S1 – 1.62003
— S2 – 1.60407
— S3 – 1.59492
— R1 – 1.64514
— R2 – 1.65429
— R3 – 1.67025

By CountingPips.com – Forex Trading Apps & Currency Trade Tools

Disclaimer: Foreign Currency trading and trading on margin carries a high level of risk and volatility and can result in loss of part or all of your investment. All information and opinions contained do not constitute investment advice and accuracy of prices, charts, calculations cannot be guaranteed.

2013.12.04 13:30 6:30AM ET | USDJPY Currency Pair

Here are the Pivot Points Levels with Support (S) and Resistance (R) for the USDJPY currency pair today. Price action is currently trading slightly under the daily pivot point at the 102.480 price level, according to data at 6:30 AM ET. The USDJPY high for the day has been 102.828 while the low of day reached to 102.232. The pair earlier today opened the Asian trading session below the daily pivot and has trended overall sideways as the day has progressed with prices finding support and resistance around the pivot and 102.50 level.

Daily Pivot Point: 102.611
— S1 – 101.852
— S2 – 101.209
— S3 – 100.450
— R1 – 103.254
— R2 – 104.013
— R3 – 104.656

Weekly Pivot Points: USDJPY

Prices are currently trading above the weekly pivot point at time of writing. The USDJPY has been on an overall slightly bullish trend this week after opening the trading week above the weekly pivot.

Weekly Pivot Point: 102.042
— S1 – 101.483
— S2 – 100.572
— S3 – 100.013
— R1 – 102.953
— R2 – 103.512
— R3 – 104.423

By CountingPips.com – Forex Trading Apps & Currency Trade Tools

Disclaimer: Foreign Currency trading and trading on margin carries a high level of risk and volatility and can result in loss of part or all of your investment. All information and opinions contained do not constitute investment advice and accuracy of prices, charts, calculations cannot be guaranteed.

2013.12.04 13:30 6:30AM ET | USDCHF Currency Pair

Here are the Pivot Points Levels with Support (S) and Resistance (R) for the USDCHF currency pair today. Price action is currently trading below the daily pivot point at the 0.90223 price level, according to data at 6:30 AM ET. The USDCHF high for the day has been 0.90632 while the low of day reached to 0.90206. The pair earlier today opened the Asian trading session below the daily pivot, found support to above the daily pivot and then has trended lower as the day has gone on.

Daily Pivot Point: 0.90537
— S1 – 0.90075
— S2 – 0.89736
— S3 – 0.89274
— R1 – 0.90876
— R2 – 0.91338
— R3 – 0.91677

Weekly Pivot Points: USDCHF

Prices are currently trading under the weekly pivot point at time of writing. The USDCHF has seen an overall bearish result so far this week after opening the trading week below the weekly pivot. The pair topped out this week at the monthly pivot at 0.9108 before heading back to the 0.9000 area.

Weekly Pivot Point: 0.90691
— S1 – 0.90078
— S2 – 0.89572
— S3 – 0.88959
— R1 – 0.91197
— R2 – 0.91810
— R3 – 0.92316

By CountingPips.com – Forex Trading Apps & Currency Trade Tools

Disclaimer: Foreign Currency trading and trading on margin carries a high level of risk and volatility and can result in loss of part or all of your investment. All information and opinions contained do not constitute investment advice and accuracy of prices, charts, calculations cannot be guaranteed.