Forex Opinion & Analysis

Almost a month ago, on October 29th, EUR/USD was trading near 1.0930. On that day we published “EUR/USD Might Recover, But How High?”, saying that “we might see a temporary recovery...

As it was noticed in CAD/CHF analysis, price was moving in a trading channel. In the above chart we see how the price has broken the upper limit of this channel. Break-out was made by high volume...

NZD/USD: With the pair reversing its Monday losses to close higher on Tuesday, NZD/USD targets further bullishness. This view is in line with its loss of downside momentum on the weekly chart the past...

EUR/USD: Discussion On ECB Easing Goes OnThe US Commerce Department said GDP grew at a 2.1% annual pace, not the 1.5% rate it reported last month, as businesses reduced an inventory bloat less...

Investor focus shifted away from the economic calendar yesterday with attention diverted towards the growing diplomatic crisis after a Russian jet was downed by Turkey near the Syrian border. Although...

Today, the US dollar continued its decline during the Asian session, but the dynamics has changed since the opening of the European session. The US currency is declining against the Swiss franc, but...

AUD/USDMarket Scenario 1: Long positions above 0.7230 with targets at 0.7275 and 0.7299 Market Scenario 2: Short positions below 0.7230 with targets at 0.7206 and 0.7161 Comment: Aussie during...

EUR/USDCurrent level - 1.0634 A reversal has been confirmed at 1.0690 peak and the bias is already bearish, for a break through 1.0590 low, towards 1.0520 area. resistance intraday intraweek 1.0690...

USD/TRY has actually entered a new zone after military conflict between Turkey and Russia.Nov 23,2015 :Turkey snap elections result in major victory of leading party AKP. This fundamentally moved...

The euro remained resilient amidst heightened tensions between Turkey and Russia. The European currency was capped at 1.0670/75, resulting in a barrier for any bullish engagements. While other...

AUD traded stronger overnight on comments from RBA Governor Stevens signaling a halt in interest rate cuts during December. In his speech, he suggested that the market should “chill out”...

Rising Middle-Eastern tension coupled with mixed dataflow clouded market sentiments. Upward revision to the second estimate of US 3Q GDP growth to 2.1% QOQ coupled with a pick-up in house prices in 20...

Wen are waiting on pullback on GBP/USD before we may consider shorts. We hope on a three wave retracement back to 1.5150-1.5200 area where it can be a nice area to join the downtrend. Let's wait and...

On Tuesday the dollar was down against the euro, but trimmed losses against the other major currencies, despite the release of a weak U.S. consumer confidence report, as data showing that the U.S....