Forex Opinion & Analysis

After near support reversal described in previous USDJPY analysis, price continued to rise and background turned to strong. The following trade was opened after very strong signal detected by VSA...

AUD/USDMarket Scenario 1: Long positions above 0.7293 with targets at 0.7364 and 0.7407 Market Scenario 2: Short positions below 0.7293 with targets at 0.7250 and 0.7179 Comment: Aussie during...

Yesterday the GBP/USD pair slightly strengthened and showed choppy dynamics due to a large number of important macroeconomic publications. The pair was pressured by poor data from the UK, where the...

GROWTHACES.COM Forex Trading Strategies Taken positions AUD/NZD: long at 1.0950, target 1.1300, stop-loss 1.0830, risk factor ** AUD/JPY: long at 88.30, target 91.00, profit locked in at 89.70, risk...

The euro traded higher against the U.S. dollar on stronger Eurozone data, but gains were capped at around 1.0640, the euro's current resistance zone. The British pound climbed towards 1.5130 but could...

EUR/USDCurrent level - 1.0627 The intraday bias is positive, for another test of 1.0640 resistance and only a break through the latter will signal a rise towards...

EUR/USD has weakened on Wednesday, as the pair trades at 1.0580 in the European session. In economic news, Spanish Unemployment Change sparkled, dropping by 27.1 thousand. There were no surprises from...

Forex News and EventsAustralia: Not that bad Despite a challenging economic backdrop dominated by falling commodity prices and weaker demand from China, the Australian economy continues to adjust...

Trade Of The Day AUD/USD – Grinding higher to pivotal resistance hurdleFundamental: AUD rallied to multi-week highs against the USD partly because of the demand for carry trades. Reserve Bank of...

London Forex ReportIt was all about manufacturing prints on the data front, which turned out largely downbeat across the globe as a result of lower production and new orders, signaling still sluggish...

EUR/NZD - return to downward trendYesterday EUR/NZD broke below important support. This means six months of upward movement has been wrecked. It is worth noticing, that in long term price moves in...

HourlyOn the whole, I was pretty happy with yesterday’s GBP/USD price movements. The rate bounced to 90 degrees, renewed the maximum and returned to the LB due to weak UK stats. Yesterday saw...

HourlyYesterday’s Trading: On Tuesday, the euro received support from the low value of the UK business activity index. This facilitated a weakening of the pound and thereby a growth in the...

USD/JPY could continue to the upside. In fact, a triangle placed in fourth wave can be in very late stages, so we need to be aware of bullish price action soon. However, there is possibility for a...