Month: December 2013

2013.12.06 | USDCAD Market Analysis

USDCAD Trends & Fibonacci Retracement Levels

The USDCAD currency pair has been rising modestly in forex market trading today with the USDCAD registering a high of 1.06652 and reaching to a low of 1.06417 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.

USDCAD Trends Data: Linear Regression Indicator

10-day current trend is BULLISH / Trend strength of 177.4 pips
30-day current trend is BULLISH / Trend strength of 241.6 pips
60-day current trend is BULLISH / Trend strength of 356.8 pips
90-day current trend is BULLISH / Trend strength of 179.0 pips
180-day current trend is BULLISH / Trend strength of 332.1 pips

Fibonacci Retracement Levels: Past 100 Days

— 0.000 – 1.07058
— 0.236 – 1.05819
— 0.382 – 1.05053
— 0.500 – 1.04433
— 0.618 – 1.03814
— 0.764 – 1.03047
— 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.

2013.12.06 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 102.102 price level, according to data at 6:30 AM ET. The USDJPY high for the day has been 102.208 while the low of day reached to 101.623. The pair earlier today opened the Asian trading session below the daily pivot and has trended higher over the course of the day finding resistance below the R1 level.

Daily Pivot Point: 101.942
— S1 – 101.451
— S2 – 101.125
— S3 – 100.634
— R1 – 102.268
— R2 – 102.759
— R3 – 103.085

Weekly Pivot Points: USDJPY

Prices are currently trading just above the weekly pivot point at time of writing. The USDJPY has been on an overall bearish trend this week after opening the trading week higher than the weekly pivot and reaching above the R1 resistance level before coming back to the 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.

2013.12.06 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 1.36695 price level, according to data at 6:30 AM ET. The EURUSD high for the day has been 1.36741 while the low of day reached to 1.36499. The pair earlier today opened the Asian trading session higher than the daily pivot and has trended sideways over the course of the day after advancing past the R2 resistance level yesterday.

Daily Pivot Point: 1.36285
— S1 – 1.35805
— S2 – 1.34944
— S3 – 1.34464
— R1 – 1.37146
— R2 – 1.37626
— R3 – 1.38487

Weekly Pivot Points: EURUSD

Prices are currently trading over the weekly pivot point and the R1 level on last trading day of this week. The EURUSD has been on an overall bullish trend 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.

2013.12.06 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 for a third day in a row at the 0.89563 price level, according to data at 6:30 AM ET. The USDCHF high for the day has been 0.89775 while the low of day reached to 0.89524. The pair earlier today opened the Asian trading session below the daily pivot and has trended lower over the course of the day dropping below the major 0.9000 trading level.

Daily Pivot Point: 0.89904
— S1 – 0.89315
— S2 – 0.88971
— S3 – 0.88382
— R1 – 0.90248
— R2 – 0.90837
— R3 – 0.91181

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.

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.

2013.12.06 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 1.63641 price level, according to data at 6:30 AM ET. The GBPUSD high for the day has been 1.63695 while the low of day reached to 1.63176. The pair earlier today opened the Asian trading session below the daily pivot and has trended higher over the course of the day after registering a declining day yesterday.

Daily Pivot Point: 1.63452
— S1 – 1.62878
— S2 – 1.62419
— S3 – 1.61845
— R1 – 1.63911
— R2 – 1.64485
— R3 – 1.64944

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 higher than the weekly and monthly pivots.

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 | USDCHF Market Analysis

USDCHF Trends & Fibonacci Retracement Levels

The USDCHF currency pair has been virtually unchanged in forex market trading today with the USDCHF registering a high of 0.90308 and reaching to a low of 0.89827 on the day. Trends data shows the pair is currently in a short-term downtrend with prices trading under the 21-period linear moving average. Over the longer term trend, the pair also continues to be in a downtrend as seen on the daily chart by the 90-day Linear Regression Channels below. Look for the major 0.9000 level below to provide the bulls with near-term support and potentially the 23.6% fibo retracement level at 0.9027 will provide further support if prices can gain some bullish momentum. Otherwise, further decline potentially opens up the 0% fibonacci retracement level down at 0.8889.

USDCHF Trends Data: Linear Regression Indicator

10-day current trend is BEARISH / Trend strength of -89.5 pips
30-day current trend is BULLISH / Trend strength of 50.9 pips
60-day current trend is BEARISH / Trend strength of -54.3 pips
90-day current trend is BEARISH / Trend strength of -269.9 pips
180-day current trend is BEARISH / Trend strength of -485.1 pips

Fibonacci Retracement Levels: Past 100 Days

— 0.000 – 0.88892
— 0.236 – 0.90279
— 0.382 – 0.91137
— 0.500 – 0.91831
— 0.618 – 0.92525
— 0.764 – 0.93383
— 1.000 – 0.94770

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 | EURUSD Market Analysis

EURUSD Trends & Fibonacci Retracement Levels

The EURUSD currency pair has been relatively unchanged in forex market trading today with the EURUSD registering a high of 1.36387 and reaching to a low of 1.35795 on the day. Trends data shows the pair is currently topping out of the recent short-term uptrend with prices trading just 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. If we see prices take a bearish turn, look for support at the 38.2% fibo retracement area of 1.3539 and larger support at the 1.3500 major level while 1.3600 remains important resistance above.

EURUSD Trends Data: Linear Regression Indicator

10-day current trend is BULLISH / Trend strength of 86.9 pips
30-day current trend is BEARISH / Trend strength of -118.9 pips
60-day current trend is BULLISH / Trend strength of 76.0 pips
90-day current trend is BULLISH / Trend strength of 365.1 pips
180-day current trend is BULLISH / Trend strength of 739.4 pips

Fibonacci Retracement Levels: Past 100 Days

— 0.000 – 1.38317
— 0.236 – 1.36509
— 0.382 – 1.35391
— 0.500 – 1.34487
— 0.618 – 1.33583
— 0.764 – 1.32465
— 1.000 – 1.30657

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 | NZDUSD Market Analysis

NZDUSD Trends & Fibonacci Retracement Levels

The NZDUSD currency pair has been virtually unchanged in forex market trading today with the NZDUSD registering a high of 0.82254 and reaching to a low of 0.81771 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. Watch for the 0.8250 level (38.2% fibo area) to provide some overhead resistance while downward action through our short-term MA will open a retest of the 50% retracement area below.

NZDUSD Trends Data: Linear Regression Indicator

10-day current trend is BULLISH / Trend strength of 7.4 pips
30-day current trend is BEARISH / Trend strength of -147.2 pips
60-day current trend is BEARISH / Trend strength of -85.0 pips
90-day current trend is BULLISH / Trend strength of 447.0 pips
180-day current trend is BEARISH / Trend strength of -34.4 pips

Fibonacci Retracement Levels: Past 100 Days

— 0.000 – 0.85410
— 0.236 – 0.83464
— 0.382 – 0.82260
— 0.500 – 0.81286
— 0.618 – 0.80313
— 0.764 – 0.79109
— 1.000 – 0.77163

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 | USDCAD Market Analysis

USDCAD Trends & Fibonacci Retracement Levels

The USDCAD currency pair has been falling in forex market trading today with the USDCAD registering a high of 1.06830 and touching a low of 1.06613 on the day. Trends data shows the pair is continuing to climb 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. Look for the 1.0700 level to present the next obstacle to the upside with the 1.0650 level looking to provide near-term support below.

USDCAD Trends Data: Linear Regression Indicator

10-day current trend is BULLISH / Trend strength of 197.8 pips
30-day current trend is BULLISH / Trend strength of 230.8 pips
60-day current trend is BULLISH / Trend strength of 343.3 pips
90-day current trend is BULLISH / Trend strength of 168.3 pips
180-day current trend is BULLISH / Trend strength of 328.1 pips

Fibonacci Retracement Levels: Past 100 Days

— 0.000 – 1.07058
— 0.236 – 1.05819
— 0.382 – 1.05053
— 0.500 – 1.04433
— 0.618 – 1.03814
— 0.764 – 1.03047
— 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.

2013.12.05 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 lower than the daily pivot point at the 101.967 price level, according to data at 6:30 AM ET. The USDJPY high for the day has been 102.432 while the low of day reached to 101.843. The pair earlier today opened the Asian trading session virtually on top of the daily pivot and has trended lower over the course of the day finding support at the S1 support area.

Daily Pivot Point: 102.327
— S1 – 101.825
— S2 – 101.308
— S3 – 100.806
— R1 – 102.844
— R2 – 103.346
— R3 – 103.863

Weekly Pivot Points: USDJPY

Prices are currently trading slightly below the weekly pivot point at time of writing. The USDJPY has been on an overall bearish trend this week after opening the trading week above the weekly pivot and seeing bullish action to 103.00 before retreating lower.

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.