Forex Opinion & Analysis

AUD/USDMarket Scenario 1: Long positions above 0.7283 with targets at 0.7319 and 0.7371 Market Scenario 2: Short positions below 0.7283 with targets at 0.7231 and 0.7195 Comment: After the selling...

The GBP/USD pair has entered in a resistance zone on a 4 hour time frame. This is not a fresh level therefore, the odds are not that strong for the price to change its direction especially as we can...

At the time of entry the background turned to strong. It means that imbalance of supply and demand is now in favor of demand. Very strong signal (Major Demand) before the trend changed its...

EUR/USD is unchanged as we start the new trading week, as the pair is trading at 1.1350 early in Monday’s European session. There are no major releases out of the Eurozone or the US. The German...

EUR/USDCurrent level - 1.1363 The rebound above 1.1330 support is corective and m outlook here remains bearish, for a break through the mentioned hurdle, en route to 1.1210 area. Initial intraday...

This week the scorecard recommends buying SEK, NOK and AUD, while selling NZD, JPY and USD.Last week's signals resulted in a 0.3% gain. Especially the long AUD performed well, while the short NZD was...

EUR/USDToday’s support: - 1.1340 and 1.1324(main), where correction is possible. Break would give 1.1318, where correction also may be. Then follows 1.1305. Break of the latter would result in...

The dollar was broadly higher on Friday and the euro weakened amid expectations that the Federal Reserve may still raise interest rates this year while the European Central Bank could scale up its...

EUR/USDMain scenario:The pair is trading along a downtrend with target on 1.1275 and below that may be expected to continue while pair is trading below resistance level 1.1370. Alternative scenario:An...

GBP/USDMain scenario:The pair is trading along a downtrend with target on 1.5345 and below, may be expected to continue, while pair is trading below resistance level 1.5500. Alternative scenario:An...

Britain will not postpone but hike its interest rate in advance, Forbes from Bank of England(MPC)said that, the investors are exaggerating the slowdown economy of emerging economies. Even though...

China’s economy slowed to the lowest level since 2009 in the third quarter of the year but the growth rate beat forecasts, easing fears of a hard landing. GDP expanded by 6.9% in the third...

GBP/JPY Daily OutlookDaily Pivots: (S1) 183.79; (P) 184.25; (R1) 184.87; Outlook in GBP/JPY is unchanged. Sideway consolidation from 180.36 is still in progress and further recovery might be seen....

For the 24 hours to 23:00 GMT, the AUD weakened 0.82% against the USD to close at 0.7273. LME Copper prices declined 1.38% or $74.0/MT to $5270.0/MT. Aluminium prices declined 1.59% or $25.0/MT to...