Month: November 2013

2013.11.26 | GBPUSD Market Analysis

GBPUSD Trends & Fibonacci Retracement Levels

The GBPUSD currency pair has been rising in forex market trading today with the GBPUSD registering a high of 1.61931 and a low of 1.61445 on the day. Trends data shows the pair is currently in a short-term uptrend with prices trading above the short-term linear moving average of 21 periods. 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 and looks poised to test the  top of the fibonacci retracement (0.00%) of the past 100 days at the 1.6259 level.

GBPUSD Trends Data: Linear Regression Indicator

10-day current trend is BULLISH / Trend strength of 239.9 pips
30-day current trend is BULLISH / Trend strength of 28.6 pips
60-day current trend is BULLISH / Trend strength of 338.5 pips
90-day current trend is BULLISH / Trend strength of 929.8 pips
180-day current trend is BULLISH / Trend strength of 1044.0 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.

2013.11.26 13:30 6:30AM 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 under the daily pivot point at the 0.90933 price level, according to data at 6:30 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. The pair fell and found support at the S1 support level at 0.9074 earlier today.

Daily Pivot Point: 0.91025
— S1 – 0.90747
— S2 – 0.90326
— S3 – 0.90048
— R1 – 0.91446
— R2 – 0.91724
— R3 – 0.92145

Weekly Pivot Points: USDCHF

Prices are currently trading under the weekly pivot point at time of writing. The USDCHF has been on a bullish pace this week after opening the trading week below the weekly pivot.

Weekly Pivot Point: 0.91056
— S1 – 0.90208
— S2 – 0.89784
— S3 – 0.88936
— R1 – 0.91480
— R2 – 0.92328
— R3 – 0.92752

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.

2013.11.26 | EURUSD Market Analysis | Trend within a Trend

EURUSD Trends & Fibonacci Retracement Levels

The EURUSD currency pair has been gaining in forex market trading today with the EURUSD registering a high of 1.35706 and a low of 1.35146 on the day. Trends data shows the pair is currently in a short-term uptrend as prices are trading over the linear 21 period 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 with prices finding support in the 1.3500 area.

EURUSD Trends Data: Linear Regression Indicator

10-day current trend is BULLISH / Trend strength of 86.3 pips
30-day current trend is BEARISH / Trend strength of -272.1 pips
60-day current trend is BULLISH / Trend strength of 248.4 pips
90-day current trend is BULLISH / Trend strength of 390.1 pips
180-day current trend is BULLISH / Trend strength of 746.3 pips

Fibonacci Retracement Levels over last 100 Days

— 0.000 – 1.38317
— 0.236 – 1.35775
— 0.382 – 1.34202
— 0.500 – 1.32931
— 0.618 – 1.31660
— 0.764 – 1.30087
— 1.000 – 1.27545

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.

Protestors in Thailand took to the streets and allege that Prime Minister Yingluck Shinawatra’s government is paving the way for her brother, Thaksin, to return home. The WSJ’s Warangkana Chomchuen tells us why Ms. Yingluck may have to dissolve her government.

The world reacts to news of a deal on Iran’s nuclear program, Ukraine pulls out of a trade deal, and Thai protesters storm a government office. The Foreign Bureau follows the top world news stories of the day. Photo: AP

Hundreds of Thai protesters took over the country’s Finance Ministry building, escalating a month-long effort to oust Prime Minister Yingluck Shinawatra. Via The Foreign Bureau, WSJ’s global news update. Photo: AP

2013.11.25 13:30 6:30AM 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 over the daily pivot point at the 0.91030 price level, according to data at 6:30 AM ET. The pair opened the Asian trading session earlier today below the daily pivot and has started off the week trending higher today.

Daily Pivot Point: 0.90919
— S1 – 0.90345
— S2 – 0.90058
— S3 – 0.89484
— R1 – 0.91206
— R2 – 0.91780
— R3 – 0.92067

Weekly Pivot Points: USDCHF

Prices are currently trading slightly under the weekly pivot point at time of writing. The USDCHF has been on a bullish pace to start this week after opening the trading week below the weekly pivot.

Weekly Pivot Point: 0.91056
— S1 – 0.90208
— S2 – 0.89784
— S3 – 0.88936
— R1 – 0.91480
— R2 – 0.92328
— R3 – 0.92752

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.

2013.11.25 13:30 6:30AM 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 under the daily pivot point at the 1.35164 price level, according to data at 6:30 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 with support being found near the major 1.3500 level.

Daily Pivot Point: 1.35248
— S1 – 1.34926
— S2 – 1.34293
— S3 – 1.33971
— R1 – 1.35881
— R2 – 1.36203
— R3 – 1.36836

Weekly Pivot Points: EURUSD

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

Weekly Pivot Point: 1.35110
— S1 – 1.34434
— S2 – 1.33310
— S3 – 1.32634
— R1 – 1.36234
— R2 – 1.36910
— R3 – 1.38034

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.

2013.11.25 | USDCHF Market Analysis

USDCHF Trends & Fibonacci Retracement Levels

The USDCHF currency pair has been rising  in forex market trading today with the USDCHF registering a high of 0.91084 and a low of 0.90605 on the day. Trends data shows the pair is currently in a short-term downtrend as prices are trading under the linear short-term moving average of 21 periods. 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 downtrend with prices trading currently right at the 38.2 % fibonacci retracement level.

USDCHF Trends Data: Linear Regression Indicator

10-day current trend is BEARISH / Trend strength of -94.2 pips
30-day current trend is BULLISH / Trend strength of 154.1 pips
60-day current trend is BEARISH / Trend strength of -207.3 pips
90-day current trend is BEARISH / Trend strength of -292.4 pips
180-day current trend is BEARISH / Trend strength of -465.4 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.

2013.11.25 13:30 6:30AM 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 at the 101.765 price level, according to data at 6:30 AM ET. The pair opened the Asian trading session earlier today slightly above the daily pivot and has trended higher over the course of the day with prices exchange near the R3 resistance level.

Daily Pivot Point: 101.180
— S1 – 101.015
— S2 – 100.783
— S3 – 100.618
— R1 – 101.412
— R2 – 101.577
— R3 – 101.809

Weekly Pivot Points: USDJPY

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

Weekly Pivot Point: 100.718
— S1 – 100.093
— S2 – 98.937
— S3 – 98.312
— R1 – 101.874
— R2 – 102.499
— R3 – 103.655

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.