Month: December 2013

2013.12.11 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 slightly over the daily pivot point at the 1.37655 price level, according to data at 6:30 AM ET. The EURUSD high for the day has been 1.37728 while the low of day reached to 1.37399. The pair earlier today opened the Asian trading session just below the daily pivot, declined to 1.3750 and then has trended higher to around the daily pivot as the day has progressed.

Daily Pivot Point: 1.37624
— S1 – 1.37306
— S2 – 1.37012
— S3 – 1.36694
— R1 – 1.37918
— R2 – 1.38236
— R3 – 1.38530

Weekly Pivot Points: EURUSD

Prices are currently trading above the weekly pivot point and residing near the R1 resistance level. The EURUSD has been on an overall bullish trend this week after opening the trading week above the weekly pivot.

Weekly Pivot Point: 1.36440
— S1 – 1.35825
— S2 – 1.34623
— S3 – 1.34008
— R1 – 1.37642
— R2 – 1.38257
— R3 – 1.39459

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.

The first US dollar bills, created in 1862, were issued to finance the Civil War. And because their reverse sides were printed in green and black, they got the nickname “greenbacks.” But, in part to combat counterfeiting, the designs had to change. In 1935, the familiar Seal of the United States – which includes a pyramid with an eye on top – was introduced to the back of the dollar bill. The Latin inscription under the pyramid reads, “Novus Ordo Seclorum” – and means “a new order for the ages.” Over the years, paper money has literally shrunk – by 30% – and undergone many small adjustments. The latest change happened in October 2013, with the 100-dollar bill featuring a Liberty Bell that switches color from copper to green when tilted – in an effort to battle counterfeiting. This new 100 bill has been said to be uncounterfeitable. Back in 1862, over a third of the currency was fake; today, the Department of Treasury estimates there are currently only 70 million counterfeit dollars in circulation. Proving the more things change, the more some things try and stay the same.

2013.12.10 | USDCAD Market Analysis

USDCAD Trends & Fibonacci Retracement Levels

The USDCAD currency pair has been rising slightly in forex market trading today with the USDCAD registering a high of 1.06441 and reaching to a low of 1.06238 on the day. Trends data shows the pair is currently turning 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. Look for the 23.6% fibonacci retracement level to provide a line of support at the 1.0582 area with declines below that level bringing a potential fall to the major 1.0500 level.

USDCAD Trends Data: Linear Regression Indicator

10-day current trend is BULLISH / Trend strength of 87.7 pips
30-day current trend is BULLISH / Trend strength of 255.0 pips
60-day current trend is BULLISH / Trend strength of 378.4 pips
90-day current trend is BULLISH / Trend strength of 199.1 pips
180-day current trend is BULLISH / Trend strength of 338.1 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.

2013.12.10 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 above the daily pivot point at the 1.64528 price level, according to data at 6:30 AM ET. The GBPUSD high for the day has been 1.64646 while the low of day reached to 1.64179. The pair earlier today opened the Asian trading session above the daily pivot and has trended lower/higher over the course of the day with resistance being found at the R1 resistance level at 1.6465.

Daily Pivot Point: 1.63935
— S1 – 1.63557
— S2 – 1.62840
— S3 – 1.62462
— R1 – 1.64652
— R2 – 1.65030
— R3 – 1.65747

Weekly Pivot Points: GBPUSD

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

Weekly Pivot Point: 1.63586
— S1 – 1.62758
— S2 – 1.62068
— S3 – 1.61240
— R1 – 1.64276
— R2 – 1.65104
— R3 – 1.65794

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.

2013.12.10 | AUDUSD Market Analysis

AUDUSD Trends & Fibonacci Retracement Levels

The AUDUSD currency pair has been rising in forex market trading today with the AUDUSD registering a high of 0.91268 and reaching to a low of 0.90745 on the day. Trends data shows the pair is currently crossing over into a short-term uptrend with prices trading over the 21-period linear moving average. Over the longer term trend, the pair continues to show an uptrend as seen on the daily chart by the 90-day Linear Regression Channels below.

AUDUSD Trends Data: Linear Regression Indicator

10-day current trend is BEARISH / Trend strength of -5.4 pips
30-day current trend is BEARISH / Trend strength of -517.9 pips
60-day current trend is BEARISH / Trend strength of -356.5 pips
90-day current trend is BULLISH / Trend strength of 221.5 pips
180-day current trend is BEARISH / Trend strength of -954.1 pips

Fibonacci Retracement Levels: Past 100 Days

— 0.000 – 0.88468
— 0.236 – 0.90616
— 0.382 – 0.91944
— 0.500 – 0.93018
— 0.618 – 0.94092
— 0.764 – 0.95420
— 1.000 – 0.97568

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.

2013.12.10 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 below the daily pivot point at the 103.078 price level, according to data at 6:30 AM ET. The USDJPY high for the day has been 103.384 while the low of day reached to 103.023. The pair earlier today opened the Asian trading session above the daily pivot and has trended lower over the course of the day.

Daily Pivot Point: 103.153
— S1 – 102.984
— S2 – 102.712
— S3 – 102.543
— R1 – 103.425
— R2 – 103.594
— R3 – 103.866

Weekly Pivot Points: USDJPY

Prices are continuing to trade over the weekly pivot early in the trading week. The USDJPY has been on a mostly bullish trend this week after opening the trading week above the weekly pivot.

Weekly Pivot Point: 102.624
— S1 – 101.879
— S2 – 100.869
— S3 – 100.124
— R1 – 103.634
— R2 – 104.379
— R3 – 105.389

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.

2013.12.10 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 above the daily pivot point at the 1.37435 price level, according to data at 6:30 AM ET. The EURUSD has reached a high for the day at 1.37667 while the low of day extended to 1.37329. The pair earlier today opened the Asian trading session slightly above the daily pivot and has trended  mildly higher over the course of the day with the pair finding resistance at the R1 level.

Daily Pivot Point: 1.37258
— S1 – 1.37061
— S2 – 1.36741
— S3 – 1.36544
— R1 – 1.37578
— R2 – 1.37775
— R3 – 1.38095

Weekly Pivot Points: EURUSD

Prices are currently trading over the weekly pivot point on Tuesday morning of the US session. The EURUSD has been on an overall bullish trend early this week and finding some resistance at the R1 level after opening the trading week above the weekly pivot.

Weekly Pivot Point: 1.36440
— S1 – 1.35825
— S2 – 1.34623
— S3 – 1.34008
— R1 – 1.37642
— R2 – 1.38257
— R3 – 1.39459

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.

2013.12.10 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 under the daily pivot point at the 0.88982 price level, according to data at 6:30 AM ET. The USDCHF high for the day has been 0.89074 while the low of day reached to 0.88831. The pair earlier today opened the Asian trading session below the daily pivot and has trended lower on the day with support being seen at or slightly above the S1 support area.

Daily Pivot Point: 0.89101
— S1 – 0.88866
— S2 – 0.88706
— S3 – 0.88471
— R1 – 0.89261
— R2 – 0.89496
— R3 – 0.89656

Weekly Pivot Points: USDCHF

Prices are currently trading under the weekly pivot point at time of writing. The USDCHF has been on an overall bearish trend this week after opening the trading week below the weekly pivot. The USDCHF has closed below the weekly pivots for the past two weeks as the recent downtrend has extended below 0.9000.

Weekly Pivot Point: 0.89775
— S1 – 0.88458
— S2 – 0.87783
— S3 – 0.86466
— R1 – 0.90450
— R2 – 0.91767
— R3 – 0.92442

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.

2013.12.09 | USDCAD Market Analysis

USDCAD Trends & Fibonacci Retracement Levels

The USDCAD currency pair has been rising slightly in forex market trading today with the USDCAD registering a high of 1.06612 and reaching to a low of 1.06399 on the day. Trends data shows the pair is currently in a short-term uptrend with prices trading a bit 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.

USDCAD Trends Data: Linear Regression Indicator

10-day current trend is BULLISH / Trend strength of 134.6 pips
30-day current trend is BULLISH / Trend strength of 251.4 pips
60-day current trend is BULLISH / Trend strength of 370.3 pips
90-day current trend is BULLISH / Trend strength of 190.7 pips
180-day current trend is BULLISH / Trend strength of 335.6 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.

2013.12.09 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 under the daily pivot point at the 0.89212 price level, according to data at 6:30 AM ET. The USDCHF high for the day has been 0.89335 while the low of day reached to 0.89084. The pair earlier today opened the Asian trading session below the daily pivot and has trended most sideways so far today remaining under the major 0.9000 level.

Daily Pivot Point: 0.89355
— S1 – 0.88878
— S2 – 0.88623
— S3 – 0.88146
— R1 – 0.89610
— R2 – 0.90087
— R3 – 0.90342

Weekly Pivot Points: USDCHF

Prices are currently trading under the weekly pivot point to start the week after opening the trading week below the weekly pivot of 0.8977.

Weekly Pivot Point: 0.89775
— S1 – 0.88458
— S2 – 0.87783
— S3 – 0.86466
— R1 – 0.90450
— R2 – 0.91767
— R3 – 0.92442

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.