Month: November 2013

2013.11.14 | USDJPY Market Analysis

USDJPY Trends & Fibonacci Retracement Levels

The USDJPY currency pair has been gaining ground in forex market trading today with the USDJPY registering a high of 100.032 and a low of 99.127 on the day. Trends data shows the pair is currently in a short-term uptrend as prices are trading over 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 a slight downtrend.

USDJPY Trends Data: Linear Regression Indicator

10-day current trend is BULLISH / Trend strength of 152.8 pips
30-day current trend is BULLISH / Trend strength of 196.6 pips
60-day current trend is BEARISH / Trend strength of -50.3 pips
90-day current trend is BEARISH / Trend strength of -44.1 pips
180-day current trend is BULLISH / Trend strength of 134.2 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.

2013.11.14 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 today. Price action is currently trading sharply higher than the daily pivot point at the 99.960 price level, according to data at 6:30 AM ET. The pair opened the Asian trading session earlier today under the daily pivot and has trended almost straight up  over the course of the day. The pair has reached a high so far at the major 100 level where resistance was met and prices retreated slightly. The 100 level looks to remain the most important obstacle today for the bulls going forward.

Daily Pivot Point: 99.331
— S1 – 98.995
— S2 – 98.764
— S3 – 98.428
— R1 – 99.562
— R2 – 99.898
— R3 – 100.129

Weekly Pivot Points: USDJPY

Prices are currently trading over the weekly pivot point at time of writing. The USDJPY has been on a bullish pace this week after opening the trading week above the weekly and monthly pivots. Prices are currently trading above the R1 weekly resistance level.

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

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.

2013.11.14 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 1.34230 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 trended consistently lower over the course of the day to the daily S1 support level.

Daily Pivot Point: 1.34567
— S1 – 1.34185
— S2 – 1.33515
— S3 – 1.33133
— R1 – 1.35237
— R2 – 1.35619
— R3 – 1.36289

Weekly Pivot Points: EURUSD

Prices are currently trading above the weekly pivot point at time of writing on Thursday. The EURUSD has been on a moderately bullish pace this week (topping near the weekly R1 level) after opening the trading week below the weekly and monthly pivots.

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.

2013.11.14 13:30 6:30AM 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 slightly above the daily pivot point at the 1.60094 price level, according to data at 6:30 AM ET. The pair opened the Asian trading session earlier today higher than the daily pivot and has fallen lower over the course of the day to the main pivot level.

Daily Pivot Point: 1.59991
— S1 – 1.59335
— S2 – 1.58116
— S3 – 1.57460
— R1 – 1.61210
— R2 – 1.61866
— R3 – 1.63085

Weekly Pivot Points: GBPUSD

Prices are currently trading virtually on top of the weekly pivot point at time of writing after opening the trading week above the weekly pivot. The pair has had an up and down week and now trades close to the week’s open price.

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

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.

2013.11.14 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 0.91835 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 trended higher to above the daily R1 level.

Daily Pivot Point: 0.91528
— S1 – 0.91059
— S2 – 0.90786
— S3 – 0.90317
— R1 – 0.91801
— R2 – 0.92270
— R3 – 0.92543

Weekly Pivot Points: USDCHF

Prices are currently trading almost on top of the weekly pivot point at time of writing. The USDCHF has been on a bearish pace so far this week after opening the trading week above 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

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.

The U.S. budget deficit narrowed more than expected in October, aided by an improved economy and an austerity push that has cut spending and raised taxes, data showed Nov. 13. The federal government spent $92 billion more last month than it received, taking in about 70 cents for every dollar in outlays. Economists polled by Reuters expected the government to run $104 billion into the red last month, down from a $120 billion deficit in October 2012.

2013.11.13 | GBPUSD Market Analysis

GBPUSD Trends & Fibonacci Retracement Levels

The GBPUSD currency pair has been gaining in forex market trading today with the GBPUSD registering a high of 1.60013 and a low of 1.58771 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 of 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 uptrend although the longer prices deviate from the channels the more likely this trend is due to change.

GBPUSD Trends Data: Linear Regression Indicator

10-day current trend is BEARISH / Trend strength of -59.6 pips
30-day current trend is BEARISH / Trend strength of -84.4 pips
60-day current trend is BULLISH / Trend strength of 550.9 pips
90-day current trend is BULLISH / Trend strength of 1077.5 pips
180-day current trend is BULLISH / Trend strength of 1023.7 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.

2013.11.13 | USDJPY Market Analysis

USDJPY Trends & Fibonacci Retracement Levels

The USDJPY currency pair has been falling in forex market trading today with the USDJPY registering a high of 99.666 and a low of 99.402 on the day. Trends data shows the pair is currently in a short-term uptrend as prices are trading over 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 a moderate downtrend.

USDJPY Trends Data: Linear Regression Indicator

10-day current trend is BULLISH / Trend strength of 125.9 pips
30-day current trend is BULLISH / Trend strength of 182.0 pips
60-day current trend is BEARISH / Trend strength of -54.3 pips
90-day current trend is BEARISH / Trend strength of -60.1 pips
180-day current trend is BULLISH / Trend strength of 143.8 pips

Fibonacci Retracement Levels over last 100 Days

— 0.000 – 101.524
— 0.236 – 100.173
— 0.382 – 99.337
— 0.500 – 98.661
— 0.618 – 97.985
— 0.764 – 97.149
— 1.000 – 95.798

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.

2013.11.13 | USDCHF Market Analysis

USDCHF Trends & Fibonacci Retracement Levels

The USDCHF currency pair has been slighly increasing in forex market trading today with the USDCHF registering a high of 0.91855 and a low of 0.91646 on the day. Trends data shows the pair is still currently in a short-term uptrend as prices are trading over 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 a downtrend with the 0.9250 level acting as a major barrier to a trend change.

USDCHF Trends Data: Linear Regression Indicator

10-day current trend is BULLISH / Trend strength of 185.4 pips
30-day current trend is BULLISH / Trend strength of 109.5 pips
60-day current trend is BEARISH / Trend strength of -269.3 pips
90-day current trend is BEARISH / Trend strength of -394.3 pips
180-day current trend is BEARISH / Trend strength of -453.2 pips

Fibonacci Retracement Levels over last 100 Days

— 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.

The destruction of everything from crops to roads will need to be rebuilt after Typhoon Haiyan devastated huge regions of the Eastern Vasayas. The WSJ’s Deborah Kan speaks with the Philippines Finance Secretary Cesar Purisima about looming recovery forecasts.