Author: FX_Trdr

2013.12.13 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 below the daily pivot point at the 1.37268 price level, according to data at 6:30 AM ET. The EURUSD high for the day has been 1.37684 while the low of day reached to 1.37084. The pair earlier today opened the Asian trading session below the daily pivot, found resistance near the daily pivot area and then fell sharply lower to trading at the S1 support level area.

Daily Pivot Point: 1.37638
— S1 – 1.37250
— S2 – 1.36980
— S3 – 1.36592
— R1 – 1.37908
— R2 – 1.38296
— R3 – 1.38566

Weekly Pivot Points: EURUSD

Prices remain trading higher than the weekly pivot point after opening the trading week above the weekly pivot. The EURUSD has been on an overall bullish trend this week but will need to get some more bullish action to stave off a declining week in this last trading day of the week.

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.

2013.12.13 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 sharply under the daily pivot point at the 1.62802 price level, according to data at 6:30 AM ET. The GBPUSD high for the day has been 1.63591 while the low of day reached to 1.62772. The pair earlier today opened the Asian trading session slightly below the daily pivot and has traded lower to under the S1 support level as the day has progressed.

Daily Pivot Point: 1.63617
— S1 – 1.63063
— S2 – 1.62644
— S3 – 1.62090
— R1 – 1.64036
— R2 – 1.64590
— R3 – 1.65009

Weekly Pivot Points: GBPUSD

Prices are currently trading under the weekly pivot point after opening the trading week slightly below the weekly pivot. The GBPUSD had been on an overall bullish trend early in the week but lost its steam and turned bearish as the week went on.

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.

2013.12.13 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 well over the daily pivot point at the 103.678 price level, according to data at 6:30 AM ET. The USDJPY high for the day has been 103.914 while the low of day reached to 103.344. The pair earlier today opened the Asian trading session above the daily pivot and has trended higher over the course of the day to trade to the R1 resistance level.

Daily Pivot Point: 103.053
— S1 – 102.685
— S2 – 102.010
— S3 – 101.642
— R1 – 103.728
— R2 – 104.096
— R3 – 104.771

Weekly Pivot Points: USDJPY

Prices are currently trading over the weekly pivot point and above the weekly R1 resistance level. The USDJPY has been on an overall bullish trend this week after opening the trading week above the weekly pivot. The pair fell below the 102.50 level support earlier in the week only to find strong buying support and higher levels.

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.

Sanctions have evolved since they were deployed in the 1980s to pressure South Africa. Today’s sanctions, particularly the sophisticated ability of the U.S. to unplug a target from the global finance system, are more likely to actually work. David Wessel reports. Photo: Getty.

2013.12.12 | AUDUSD Market Analysis

AUDUSD Trends & Major Market Levels

The AUDUSD currency pair has been rising slightly in forex market trading today with the AUDUSD registering a high of 0.9080 and reaching to a low of 0.9009. The AUDUSD bulls were rejected yesterday in their attempt to capitalize on the early week momentum and bring the Aussie higher to test the 0.9200 level. Heavy selling pressure brought the Aussie back down under the 0.9050 level despite the better than expected job growth numbers from Australia.

Trends data shows the pair is currently back in 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, although the trend has weakened considerably over the past month.

AUDUSD Trends Data: Linear Regression Indicator

10-day current trend is BEARISH / Trend strength of -33.3 pips
30-day current trend is BEARISH / Trend strength of -515.7 pips
60-day current trend is BEARISH / Trend strength of -405.2 pips
90-day current trend is BULLISH / Trend strength of 152.4 pips
180-day current trend is BEARISH / Trend strength of -916.8 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.

2013.12.12 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 slightly over the daily pivot point at the 1.63941 price level, according to data at 6:30 AM ET. The GBPUSD high for the day has been 1.64171 while the low of day reached to 1.63519. The pair earlier today opened the Asian trading session below the daily pivot and has ascended modestly higher over the course of the day.

Daily Pivot Point: 1.63894
— S1 – 1.63221
— S2 – 1.62710
— S3 – 1.62037
— R1 – 1.64405
— R2 – 1.65078
— R3 – 1.65589

Weekly Pivot Points: GBPUSD

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

2013.12.12 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 102.781 price level, according to data at 6:30 AM ET. The USDJPY high for the day has been 102.931 while the low of day reached to 102.379. The pair earlier today opened the Asian trading session below the daily pivot and has trended higher over the course of the day with buying support found at the pivot area to propel the pair to the R1 level.

Daily Pivot Point: 102.501
— S1 – 102.059
— S2 – 101.702
— S3 – 101.260
— R1 – 102.858
— R2 – 103.300
— R3 – 103.657

Weekly Pivot Points: USDJPY

Prices are currently trading slightly 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 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.

2013.12.12 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 lower than the daily pivot point at the 1.37697 price level, according to data at 6:30 AM ET. The EURUSD high for the day has been 1.38025 while the low of day reached to 1.37633. The pair earlier today opened the Asian trading session above the daily pivot and has trended lower so far today after finding some early buying support.

Daily Pivot Point: 1.37785
— S1 – 1.37470
— S2 – 1.37084
— S3 – 1.36769
— R1 – 1.38171
— R2 – 1.38486
— R3 – 1.38872

Weekly Pivot Points: EURUSD

Prices are currently trading over the weekly pivot point and above the R1 resistance level. The EURUSD has been on an overall bullish trend this week after opening the trading week near the 1.3700 exchange rate and 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.

2013.12.12 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 at the daily pivot point at the 0.88635 price level, according to data at 6:30 AM ET. The USDCHF high for the day has been 0.88861 while the low of day reached to 0.88587. The pair earlier today opened the Asian trading session virtually on top of the daily pivot and trended higher to the R1 resistance level before coming back to the pivot as the day has progressed.

Daily Pivot Point: 0.88623
— S1 – 0.88390
— S2 – 0.88156
— S3 – 0.87923
— R1 – 0.88857
— R2 – 0.89090
— R3 – 0.89324

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: 0.89775
— 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.

2013.12.11 | USDCAD Market Analysis

USDCAD Trends & Major Market Levels

The USDCAD currency pair has been falling in forex market trading today with the USDCAD registering a high of 1.06155 and reaching to a low of 1.05839 on the day. 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 while short-term trends data shows the pair is currently in a short-term downtrend with prices trading under the 21-period linear moving average.

The USDCAD has turned lower after topping out last week at the 1.0700 area. Further decline below 1.0600 support will likely set up a test of the major 1.0500 level which will likely be seen as a buying support level after this level provided resistance (that was eventually overcome) in late October and in November.

USDCAD Trends Data: Linear Regression Indicator

10-day current trend is BULLISH / Trend strength of 9.3 pips
30-day current trend is BULLISH / Trend strength of 251.7 pips
60-day current trend is BULLISH / Trend strength of 378.0 pips
90-day current trend is BULLISH / Trend strength of 205.0 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.