Month: December 2013

2013.12.19 | EURUSD Trends & Major Market Levels Analysis

The EURUSD currency pair has been falling slightly in forex market trading today after a sharp decline in trading on Wednesday. The EURUSD has reached a high of 1.36935 today while marking a low point of 1.36487 so far on the day. Trends data shows the pair has crossed over into a short-term downtrend with prices trading under 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.

The EURUSD pair was brought below the 1.3700 level in Wednesday’s trading following the US Fed decision to pullback slightly or taper their monthly stimulus program.  This news was positive for the US dollar against the other major currencies in the short-term. Going forward for the EURUSD, watch for near term resistance at the 1.3700 major level while support will likely be seen at the 1.3650 level and then the 1.3600 area looming below.

EURUSD Trends Data: Linear Regression Indicator

10-day current trend is BULLISH / Trend strength of 2.6 pips
30-day current trend is BULLISH / Trend strength of 394.2 pips
60-day current trend is BULLISH / Trend strength of 101.8 pips
90-day current trend is BULLISH / Trend strength of 405.6 pips
180-day current trend is BULLISH / Trend strength of 769.6 pips

Fibonacci Retracement Levels: Past 100 Days

— 0.000 – 1.38317
— 0.236 – 1.36600
— 0.382 – 1.35537
— 0.500 – 1.34679
— 0.618 – 1.33820
— 0.764 – 1.32757
— 1.000 – 1.31040

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.

2013.12.19 | USDCAD Market Analysis

USDCAD Trends & Major Market Levels

The USDCAD currency pair has been gaining ground in forex market trading today with the USDCAD registering a high of 1.07264 and reaching to a low of 1.06926 on the day. Trends data shows the pair is currently in a short-term uptrend with prices trading over 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. The USDCAD pair was boosted in Wednesday’s trading following the US Fed announcement to taper their stimulus program. Look for the 1.0700 level to provide a strong support and resistance area going forward.

USDCAD Trends Data: Linear Regression Indicator

10-day current trend is BULLISH / Trend strength of 46.3 pips
30-day current trend is BULLISH / Trend strength of 247.5 pips
60-day current trend is BULLISH / Trend strength of 390.7 pips
90-day current trend is BULLISH / Trend strength of 249.2 pips
180-day current trend is BULLISH / Trend strength of 351.9 pips

Fibonacci Retracement Levels: Past 100 Days

— 0.000 – 1.07067
— 0.236 – 1.05826
— 0.382 – 1.05058
— 0.500 – 1.04438
— 0.618 – 1.03817
— 0.764 – 1.03049
— 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.

2013.12.19 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 over the daily pivot point at the 104.115 price level, according to data at 6:30 AM ET. The USDJPY high for the day has been 104.356 while the low of day reached to 103.772. The pair earlier today opened the Asian trading session above the daily pivot and has trended slightly lower over the course of the day.

Daily Pivot Point: 103.726
— S1 – 103.102
— S2 – 101.930
— S3 – 101.306
— R1 – 104.898
— R2 – 105.522
— R3 – 106.694

Weekly Pivot Points: USDJPY

Prices are currently trading over the weekly pivot point and above the R1 resistance level at time of writing. The USDJPY has been on an overall bullish trend this week after getting a boost from yesterday’s US Fed tapering decision.

Weekly Pivot Point: 103.077
— S1 – 102.241
— S2 – 101.306
— S3 – 100.470
— R1 – 104.012
— R2 – 104.848
— R3 – 105.783

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.

2013.12.19 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 well over the daily pivot point at the 0.89488 price level, according to data at 6:30 AM ET. The USDCHF high for the day has been 0.89623 while the low of day reached to 0.89339. The pair earlier today opened the Asian trading session above the daily pivot and has trended mainly sideways from the open of the day.

Daily Pivot Point: 0.89080
— S1 – 0.88676
— S2 – 0.87983
— S3 – 0.87579
— R1 – 0.89773
— R2 – 0.90177
— R3 – 0.90870

Weekly Pivot Points: USDCHF

Prices are currently trading over the weekly pivot point and above the R1 level at time of writing. The USDCHF has been on an overall bullish trend this week after opening the trading week slightly above the weekly pivot.

Weekly Pivot Point: 0.88885
— S1 – 0.88435
— S2 – 0.87938
— S3 – 0.87488
— R1 – 0.89382
— R2 – 0.89832
— R3 – 0.90329

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.

2013.12.19 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 under the daily pivot point at the 1.36834 price level, according to data at 6:30 AM ET. The EURUSD high for the day has been 1.36935 while the low of day reached to 1.36487. The pair earlier today opened the Asian trading session below the daily pivot and has traded sideways over the course of the day.

Daily Pivot Point: 1.37223
— S1 – 1.36339
— S2 – 1.35852
— S3 – 1.34968
— R1 – 1.37710
— R2 – 1.38594
— R3 – 1.39081

Weekly Pivot Points: EURUSD

Prices are currently trading under the weekly pivot point at time of writing. The EURUSD is on an overall bearish trend this week after yesterday’s US Federal Reserve tapering decision with prices at the S1 level.

Weekly Pivot Point: 1.37473
— S1 – 1.36846
— S2 – 1.36310
— S3 – 1.35683
— R1 – 1.38009
— R2 – 1.38636
— R3 – 1.39172

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.

Ford Motor stock fell over 7% in early trading on Wednesday after the company projected lower than expected earnings for a tougher climate in 2014 and investors worried that CEO Alan Mulally would be departing Ford for the top job at Microsoft. The company projected pre-tax profit of about $7-$8 billion, down up to 8% from 2013′s expected $8.5 billion figure. After a long career at Boeing, Mulally joined Ford in 2006, replacing William Ford Jr., great grandson of Henry Ford and son of billionaire William Ford Sr.

2013.12.18 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 above the daily pivot point at the 102.939 price level, according to data at 6:30 AM ET. The USDJPY high for the day has been 103.024 while the low of day reached to 102.554. The pair earlier today opened the Asian trading session below the daily pivot and has trended higher over the course of the day with prices finding resistance at the R1 level.

Daily Pivot Point: 102.749
— S1 – 102.399
— S2 – 102.141
— S3 – 101.791
— R1 – 103.007
— R2 – 103.357
— R3 – 103.615

Weekly Pivot Points: USDJPY

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

Weekly Pivot Point: 103.077
— S1 – 102.241
— S2 – 101.306
— S3 – 100.470
— R1 – 104.012
— R2 – 104.848
— R3 – 105.783

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.

2013.12.18 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 under the daily pivot point at the 1.37516 price level, according to data at 6:30 AM ET. The EURUSD high for the day has been 1.37774 while the low of day reached to 1.37431. The pair earlier today opened the Asian trading session below the daily pivot and has trended lower over the course of the day to around the 1.3750 level.

Daily Pivot Point: 1.37569
— S1 – 1.37323
— S2 – 1.36976
— S3 – 1.36730
— R1 – 1.37916
— R2 – 1.38162
— R3 – 1.38509

Weekly Pivot Points: EURUSD

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

Weekly Pivot Point: 1.37473
— S1 – 1.36846
— S2 – 1.36310
— S3 – 1.35683
— R1 – 1.38009
— R2 – 1.38636
— R3 – 1.39172

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.

2013.12.18 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 above the daily pivot point at the 0.88827 price level, according to data at 6:30 AM ET. The USDCHF high for the day has been 0.89019 while the low of day reached to 0.88437. The pair earlier today opened the Asian trading session under the daily pivot and has gained some steam to trend higher to the upside today with prices now at the R1 resistance level.

Daily Pivot Point: 0.88578
— S1 – 0.88215
— S2 – 0.87951
— S3 – 0.87588
— R1 – 0.88842
— R2 – 0.89205
— R3 – 0.89469

Weekly Pivot Points: USDCHF

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

Weekly Pivot Point: 0.88885
— S1 – 0.88435
— S2 – 0.87938
— S3 – 0.87488
— R1 – 0.89382
— R2 – 0.89832
— R3 – 0.90329

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.

2013.12.18 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 over the daily pivot point at the 1.63507 price level, according to data at 6:30 AM ET. The GBPUSD high for the day has been 1.63689 while the low of day reached to 1.62606. The pair earlier today opened the Asian trading session below the daily pivot and has trended higher over the course of the day with prices currently trading above the R1 resistance level.

Daily Pivot Point: 1.62706
— S1 – 1.62064
— S2 – 1.61511
— S3 – 1.60869
— R1 – 1.63259
— R2 – 1.63901
— R3 – 1.64454

Weekly Pivot Points: GBPUSD

Prices are currently trading over the weekly pivot point for the first time this week. The GBPUSD is now showing an overall bullish trend this week after opening the trading week below the weekly pivot.

Weekly Pivot Point: 1.63403
— S1 – 1.62161
— S2 – 1.61373
— S3 – 1.60131
— R1 – 1.64191
— R2 – 1.65433
— R3 – 1.66221

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.