Forex Opinion & Analysis

Stock markets were swift to relinquishing their gains during trading on Monday following the very steep depreciation in oil prices which chipped away at confidence in the global economy and soured...

USD/JPY first support at 118.20/15 but this is only minor, so we could continue lower in the bear trend to strong support at 117.80/75. Exit shorts and try longs with stops below 117.50. However, a...

AUD/USD holding below today 6945/50 keeps the pressure on in the bear trend for 6920/15 then support at 6885/81 for profit taking on any remaining shorts. Just be aware that further losses target...

EUR/GBP trading above 7610/12 but 7625/30 is the main challenge for bulls today. A break above 7650 should give a more positive outlook and clears a path to 7665 then 7690 and perhaps as far as 7705....

GBP/USD testing support at 1.4210/00 but below here risks slide to 1.4155/50. If we continue lower look for 1.4125/20. Further losses retest the 1.4084/79 low which is the most important of the week...

EUR/USD could turn lower from strong resistance at 1.0860/65 today and target 1.0825/22. If we continue lower look for 1.0800/05 which could hold the downside but further losses retest last week's low...

Main scenario:GBP/USD is trading along an sideways trend between support 1.4070, that is looking like a bottom of that downtrend, and resistance 1.4325.An uptrend will start as soon, as the pair rises...

GBP/JPY Daily OutlookDaily Pivots: (S1) 167.89; (P) 168.94; (R1) 169.59; Intraday bias in GBP/JPY remains neutral for the moment. The consolidation from 163.96 short term bottom could extend with...

EUR/USD 1HYesterday’s Trading:The euro/dollar on Monday was up to 1.0856. The movement went against that of Friday. The euro received support from falling stock indices and oil prices....

The cable has remained largely depressed over the past few weeks as the bears attack the currency on mass. However, the recent sharp falls have seen the appearance of a pin bar upon the weekly charts...

Wow… the market loves doing things the hard way… It really reminds me of the mess that developed in the middle of last year. These days, once the market has lost its mojo, it reverts...

AUD/USDMarket Scenario 1: Long positions above 0.7011 with targets at 0.7037 and 0.7071 Market Scenario 2: Short positions below 0.7011 with targets at 0.6977 and 0.6951 Comment: Aussie during...

A Case Study of the Japanese Yen When you examine Japanese culture, you find that it values many of the qualities that one needs in order to become a successful trader. The Japanese people are very...

GBP/USD: With the pair continuing to hold on to its downside pressure, GBP/USD faces downside pressure on price failure though with caution. Support lies at the 1.4200 level where a break will turn...