Author: FX_Trdr

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.

2013.12.09 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 1.37149 price level, according to data at 6:30 AM ET. The EURUSD high for the day has been 1.37283 while the low of day reached to 1.36937. The pair earlier today opened the Asian trading session above the daily pivot and has trended sideways as the day has progressed.

Daily Pivot Point: 1.36757
— S1 – 1.36460
— S2 – 1.35892
— S3 – 1.35595
— R1 – 1.37325
— R2 – 1.37622
— R3 – 1.38190

Weekly Pivot Points: EURUSD

Prices are currently trading over the weekly pivot point to start the week after opening the trading week above the weekly pivot of 1.3644.

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.

2013.12.09 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 strongly above the daily pivot point at the 103.092 price level, according to data at 6:30 AM ET. The USDJPY high for the day has been 103.215 while the low of day reached to 102.880. The pair earlier today opened the Asian trading session higher than the daily pivot and has trended higher over the course of the day and staying above the major 103 level.

Daily Pivot Point: 102.488
— S1 – 102.023
— S2 – 101.158
— S3 – 100.693
— R1 – 103.353
— R2 – 103.818
— R3 – 104.683

Weekly Pivot Points: USDJPY

Prices are currently trading over the weekly pivot point to start the week after opening the trading week above the weekly pivot which resides at 102.62.

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.

2013.12.09 | NZDUSD Market Analysis

NZDUSD Trends & Fibonacci Retracement Levels

The NZDUSD currency pair has been falling in forex market trading today with the NZDUSD registering a high of 0.83182 and reaching to a low of 0.82690 on the day. Trends data shows the pair is currently in a short-term uptrend with prices trading above 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 medium term trend is more bearish since reaching the 0.8500 level in October. Look for the 0.8250 level to provide an important support and resistance level going forward.

NZDUSD Trends Data: Linear Regression Indicator

10-day current trend is BULLISH / Trend strength of 117.1 pips
30-day current trend is BEARISH / Trend strength of -110.5 pips
60-day current trend is BEARISH / Trend strength of -117.7 pips
90-day current trend is BULLISH / Trend strength of 420.7 pips
180-day current trend is BEARISH / Trend strength of -11.0 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.

2013.12.09 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 1.63764 price level, according to data at 6:30 AM ET. The GBPUSD high for the day has been 1.63916 while the low of day reached to 1.63218. The pair earlier today opened the Asian trading session just slightly above the daily pivot and after an initial dip early, the pair has trended higher over the course of the day towards the R1 level.

Daily Pivot Point: 1.63422
— S1 – 1.62922
— S2 – 1.62397
— S3 – 1.61897
— R1 – 1.63947
— R2 – 1.64447
— R3 – 1.64972

Weekly Pivot Points: GBPUSD

Prices are currently trading over the weekly pivot point to start the 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.

France hopes a deal will be clinched on a European banking union before the end of 2013, the country’s Finance Minister Pierre Moscovici said on Sunday. In Berlin on Friday European finance ministers and senior EU officials met to try to forge a compromise on rules to wind down stricken banks, with time running out to reach a deal by a year-end deadline. The sticking point is staunch opposition from Germany, and some of its northern European allies, to proposals that would give the European Commission new powers to wind down banks.