Author: FX_Trdr

2013.11.12 14:00 7:00AM ET | EURUSD Currency Pair

Here are the current Pivot Points Levels with Support (S) and Resistance (R) for the EURUSD currency pair. Price action is currently trading below the daily pivot point at the 1.33842 price level, according to data at 7:00 AM ET. The pair opened the Asian trading session earlier today higher than the daily pivot and has trended lower over the course of the day. The pair found support at the S1 support level earlier today and retraced back to the pivot area.

Daily Pivot Point: 1.33884
— S1 – 1.33617
— S2 – 1.33171
— S3 – 1.32904
— R1 – 1.34330
— R2 – 1.34597
— R3 – 1.35043

Weekly Pivot Points: EURUSD

Prices are currently trading right on top of the weekly pivot point at time of writing. The EURUSD has been on a slightly bullish pathce so far this week after opening the trading week below the weekly pivot.

Weekly Pivot Point: 1.34001
— S1 – 1.32535
— S2 – 1.31482
— S3 – 1.30016
— R1 – 1.35054
— R2 – 1.36520
— R3 – 1.37573

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.

2013.11.12 14:00 7:00AM ET | USDCHF Currency Pair

Here are the current Pivot Points Levels with Support (S) and Resistance (R) for the USDCHF currency pair. Price action is currently trading slightly over the daily pivot point at the 0.92049 price level, according to data at 7:00 AM ET. The pair opened the Asian trading session earlier today below the daily pivot and has traded higher over the course of the day, hitting the R1 resistance level before coming back to today’s pivot point.

Daily Pivot Point: 0.92039
— S1 – 0.91769
— S2 – 0.91612
— S3 – 0.91342
— R1 – 0.92196
— R2 – 0.92466
— R3 – 0.92623

Weekly Pivot Points: USDCHF

Prices are currently trading over the weekly pivot point early in the trading week. The USDCHF has been on a slightly bearish pace so far this week after opening the trading week higher than the weekly and monthly pivots.

Weekly Pivot Point: 0.91860
— S1 – 0.91233
— S2 – 0.90273
— S3 – 0.89646
— R1 – 0.92820
— R2 – 0.93447
— R3 – 0.94407

Monthly Pivot Point: 0.90441
— S1 – 0.89112
— S2 – 0.87563
— S3 – 0.86234
— R1 – 0.91990
— R2 – 0.93319
— R3 – 0.94868

By CountingPips.com – Forex News & Forex Trading Apps

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.

2013.11.11 | USDJPY Market Analysis

USDJPY Trends & Fibonacci Retracement Levels

The USDJPY currency pair has been rising slightly in forex market trading today with the USDJPY registering a high of 99.215 and a low of 98.915 over the day. Trends data shows the pair is currently in a short-term uptrend as prices are trading above our favored short-term moving average (21 periods). Over the longer term trend, as seen on the chart by the 90 day Linear Regression Channels, the pair continues to be in an downtrend. Look for resistance into the 99.37 level over the next few days with the 100 level looming above.

USDJPY Trends Data: Linear Regression Indicator

10-day current trend is BULLISH / Trend strength of 103.7 pips
30-day current trend is BULLISH / Trend strength of 122.9 pips
60-day current trend is BEARISH / Trend strength of -56.1 pips
90-day current trend is BEARISH / Trend strength of -107.9 pips
180-day current trend is BULLISH / Trend strength of 167.7 pips

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.

2013.11.11 | USDCHF Market Analysis

USDCHF Trends & Fibonacci Retracement Levels

The USDCHF currency pair has been on the decline in forex market trading today with the USDCHF making a high of 0.92308 and a low of 0.91889 on the day. Trends data shows the pair is currently in a short-term uptrend with prices  trading above our favored short-term moving average (21 Periods). Over the longer term trend, as seen on the chart by the 90 day Linear Regression Channels, the pair continues to be in a downtrend although prices are trading outside our 2nd channel which constitutes a extreme deviation from the longer-term trend. Look for 0.9250 to present major resistance above.

USDCHF Trends Data: Linear Regression Indicator

10-day current trend is BULLISH / Trend strength of 277.8 pips
30-day current trend is BULLISH / Trend strength of 70.2 pips
60-day current trend is BEARISH / Trend strength of -286.8 pips
90-day current trend is BEARISH / Trend strength of -451.0 pips
180-day current trend is BEARISH / Trend strength of -448.6 pips

Fibonacci Retracement Levels

— 0.000 – 0.88893
— 0.236 – 0.90925
— 0.382 – 0.92182
— 0.500 – 0.93199
— 0.618 – 0.94215
— 0.764 – 0.95472
— 1.000 – 0.97504

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.

2013.11.11 | EURUSD Market Analysis

EURUSD Trends & Fibonacci Retracement Levels

The EURUSD currency pair has been rising in forex market trading today with the EURUSD registering a high of 1.34058 and a low of 1.33439 on the day. The EURUSD had been on a 2 day losing streak after last week’s ECB rate cut and better-than-expected upbeat US economic data. Trends data shows the pair is currently in a short-term downtrend as prices are trading under our favored short-term moving average. Over the longer term trend, as seen on the chart by the 90-day Linear Regression Channels, the pair continues to be in an uptrend although prices have deviated to outside our channels which is seen as an extreme position compared to the trend.

EURUSD Trends Data: Linear Regression Indicator

10-day current trend is BEARISH / Trend strength of -461.6 pips
30-day current trend is BEARISH / Trend strength of -42.1 pips
60-day current trend is BULLISH / Trend strength of 405.4 pips
90-day current trend is BULLISH / Trend strength of 590.0 pips
180-day current trend is BULLISH / Trend strength of 719.1 pips

Fibonacci Retracement Levels over last 100 Days

— 0.000 – 1.38316
— 0.236 – 1.35774
— 0.382 – 1.34201
— 0.500 – 1.32930
— 0.618 – 1.31659
— 0.764 – 1.30086
— 1.000 – 1.27544

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.

2013.11.11 14:00 7:00AM ET | USDJPY Currency Pair

Here are the current Pivot Points Levels with Support (S) and Resistance (R) for the USDJPY currency pair. Price action is currently trading over the daily pivot point on Monday at the 99.130 price level, according to data at 7:00 AM ET. The pair opened the Asian trading session earlier today above the daily pivot and, despite an early morning decline, has remained above the pivot and above 99.00 at time of writing.

Daily Pivot Point: 98.778
— S1 – 98.342
— S2 – 97.535
— S3 – 97.099
— R1 – 99.585
— R2 – 100.021
— R3 – 100.828

Weekly Pivot Points: USDJPY

Prices are currently trading over the weekly pivot point to start the week after opening the trading week above both the weekly and monthly pivots.

Weekly Pivot Point: 98.721
— S1 – 98.040
— S2 – 96.929
— S3 – 96.248
— R1 – 99.832
— R2 – 100.513
— R3 – 101.624

Monthly Pivot Point: 97.973
— S1 – 96.949
— S2 – 95.545
— S3 – 94.521
— R1 – 99.377
— R2 – 100.401
— R3 – 101.805

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.

2013.11.11 14:00 7:00AM ET | EURUSD Currency Pair

Here are the current Pivot Points Levels with Support (S) and Resistance (R) for the EURUSD currency pair. Price action is currently trading above the daily pivot point to start the trading week at the 1.33959 price level, according to data at 7:00 AM ET. The pair opened the Asian trading session earlier today below the daily pivot and has traded higher over the course of the day to just about the 1.3400 level.

Daily Pivot Point: 1.33709
— S1 – 1.33049
— S2 – 1.32510
— S3 – 1.31850
— R1 – 1.34248
— R2 – 1.34908
— R3 – 1.35447

Weekly Pivot Points: EURUSD

Prices are currently trading right on top of the weekly pivot point to start the week after opening the trading week below the weekly and monthly pivot points.

Weekly Pivot Point: 1.34001
— S1 – 1.32535
— S2 – 1.31482
— S3 – 1.30016
— R1 – 1.35054
— R2 – 1.36520
— R3 – 1.37573

Monthly Pivot Point: 1.36305
— S1 – 1.34295
— S2 – 1.32711
— S3 – 1.30701
— R1 – 1.37889
— R2 – 1.39899
— R3 – 1.41483

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.

2013.11.11 14:00 7:00AM ET | USDCHF Currency Pair

Here are the current Pivot Points Levels with Support (S) and Resistance (R) for the USDCHF currency pair. Price action is currently trading at the daily pivot point at the 0.92005 price level, according to data at 7:00 AM ET. The pair opened the Asian trading session earlier today above the daily pivot and has traded lower over the course of the day coming back to the pivot point.

Daily Pivot Point: 0.92012
— S1 – 0.91565
— S2 – 0.90939
— S3 – 0.90492
— R1 – 0.92638
— R2 – 0.93085
— R3 – 0.93711

Weekly Pivot Points: USDCHF

Prices are currently trading slightly over the weekly pivot point to start the week after opening the trading week above  both the weekly and monthly pivots.

Weekly Pivot Point: 0.91860
— S1 – 0.91233
— S2 – 0.90273
— S3 – 0.89646
— R1 – 0.92820
— R2 – 0.93447
— R3 – 0.94407

Monthly Pivot Point: 0.90441
— S1 – 0.89112
— S2 – 0.87563
— S3 – 0.86234
— R1 – 0.91990
— R2 – 0.93319
— R3 – 0.94868

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.

2013.11.11 14:00 7:00AM ET | GBPUSD Currency Pair

Here are the current Pivot Points Levels with Support (S) and Resistance (R) for the GBPUSD currency pair. Price action is currently trading under the daily pivot point to start the week at the 1.59910 price level, according to data at 7:00 AM ET. The pair opened the Asian trading session earlier today also below the daily pivot and has traded a bit lower over the course of the day.

Daily Pivot Point: 1.60236
— S1 – 1.59433
— S2 – 1.58754
— S3 – 1.57951
— R1 – 1.60915
— R2 – 1.61718
— R3 – 1.62397

Weekly Pivot Points: GBPUSD

Prices are currently trading under the weekly pivot point at time of writing after opening the trading week below both the weekly and monthly pivots.

Weekly Pivot Point: 1.60101
— S1 – 1.59035
— S2 – 1.57957
— S3 – 1.56891
— R1 – 1.61179
— R2 – 1.62245
— R3 – 1.63323

GBPUSD Trends & Fibonacci Retracement Levels

The GBPUSD currency pair has been falling in forex market trading today with the GBPUSD registering a high of 1.60210 and a low of 1.59776 on the day. Trends data shows the pair is currently in a short-term downtrend as prices are trading below our favored short-term moving average. Over the longer term trend, as seen on the chart by the 90 day Linear Regression Channels indicator, the pair continues to be in an uptrend although prices remain on the outskirts of our channels.

GBPUSD Trends Data: Linear Regression Indicator

10-day current trend is BEARISH / Trend strength of -48.4 pips
30-day current trend is BEARISH / Trend strength of -78.8 pips
60-day current trend is BULLISH / Trend strength of 603.5 pips
90-day current trend is BULLISH / Trend strength of 1158.9 pips
180-day current trend is BULLISH / Trend strength of 1021.1 pips

Fibonacci Retracement Levels over last 100 Days

— 0.000 – 1.62592
— 0.236 – 1.59178
— 0.382 – 1.57065
— 0.500 – 1.55358
— 0.618 – 1.53651
— 0.764 – 1.51538
— 1.000 – 1.48124
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.

By CountingPips.com

The Upcoming Major Events on the Schedule worth watching out for

Shaping up to be the most important economic events on the schedule this week for the Forex markets will include important economic data out of China, the United Kingdom, Japan and the Eurozone. We will also see the beginning of Janet Yellin’s confirmation hearings on Thursday to be the next chairman of the US Federal Reserve.

Here’s a quick rundown of the economic highlights.

• Sunday we will see new Yuan loans data from China as well as Japan trade balance data and New Zealand retail spending.

•  Monday has the Australian home loans data on the schedule as well as Japanese data on the economy, tertiary industry index and the 30 year bond auctions.

•  Tuesday‘s most important release shapes up to be the United Kingdom consumer price index while we will also see business confidence out of Australia, the German CPI and the United States Chicago Fed national activity.

•  Wednesday we will look out for the United Kingdom Bank of England inflation report, New Zealand retail sales data as well as the Japanese gross domestic product report.

•  Thursday will have important euro zone data including the euro zone GDP report, the Germany GDP report, the France GDP report while we will also see the start of Janet Yellin’s Federal Reserve Chairman confirmation hearings.

•  Friday will see the euro zone consumer price index as well as industrial production and manufacturing production data out of the United States.

Please see the week’s highlighted economic events below or our full calendar:

This Week’s Economic Highlights:

See our full economic calendar here.