Forex Opinion & Analysis

GBP/USD, Mar. 10 GBP/USD moved to the downside below SMA20 at 1.4195 along with negative signs on ADX and RSI14. Hence, the probability of achieving downside actions increased, but a break below...

Yesterday’s Trading: The euro/dollar closed slightly down on Wednesday. The euro restored from a 1.0945 minimum to 1.1034 on the American session. The buyers managed to win back their...

The euro see-sawed ahead of today’s crucial meeting of the European Central Bank, as during the previous day’s US session it rose all the way up to 1.1034 dollars only to reverse direction...

The ECB's monetary policy meeting is due today, with potential deposit rate cuts and QE expansion on the table. The markets are heading into today's events with modest expectations, so the scope for a...

Emerging markets rally continues on ECB day. EUR rates have not moved much, but the risk rally is pushing on. From Asia to Latin Emerging Markets, currencies have all shown some strength at least, and...

EUR/GBP first resistance at 7750/55, but above here re-targets important trend line resistance at 7780/85 for a selling opportunity with stops above 7795. A break higher however targets 7800/05, then...

EUR/USD best support again today at 1.0955/50, but any longs here need stops below 1.0935. A break lower risks a slide as far as minor support at 1.0915/10. If we continue lower look for 1.0875/71...

USD/JPY has made it back to 113.45. Just as it appeared we were getting some direction, we remain in the 2-week trading range of 112.14-114.25/55. First support at 113.25/20 but below here targets...

The Australian dollar has had a relatively positive week as the pair rallied strongly due to an increase in global iron ore prices. However, the Aussie dollar has now moved near to resistance that...

EUR/USD Like I wrote in last Monday’s post, it was likely for the uptrend to continue due to the major shakeout, in the first blue rectangle. After the rally on the Asian session, yesterday by...

Bucking economists’ expectations, the Reserve Bank of New Zealand stunned forex markets this morning by cutting their overnight cash rate by 0.25% from 2.50% to 2.25%. Of course when things...

USD Index As long as the US stock rally continues to defy conventional wisdom of the majority - for example a bull market in stocks cannot coexist with a bear market in bonds - bearish calls (1, 2, ...

NZD/USD Short term Elliottwave structure suggests cycle from 2/29 low ended with wave ((w)) at 0.682. Wave ((x)) pullback is unfolding as a FLAT where wave (a) ended at 0.6712, wave (b) ended at...

GBP/USD INTRADAY CHART BIAS: Overall the downside has more risk (below 1.4180-90) but I can't rule out another flat day like yesterday Resistance: 1.4215-20 1.4240-46 1.4259 1.4274-83Support:...