Forex Opinion & Analysis

EUR/USDToday’s support: -1.1250, 1.1226, 1.1207 and 1.1183(main), where correction is possible. Break would give 1.1160, where correction also may be. Then follows 1.1132. Break of the latter...

AUDUSD MovementFor the 24 hours to 23:00 GMT, the AUD strengthened 1.06% against the USD to close at 0.7157. LME Copper prices rose 0.59% or $ 30.5/MT to $ 5175.0/MT. Aluminium prices declined 0.03%...

USDCAD MovementFor the 24 hours to 23:00 GMT, the USD declined 0.38% against the CAD to close at 1.3038. In economic news, Canada’s Ivey purchasing managers index fell to a level of 53.7 in...

USDCHF MovementFor the 24 hours to 23:00 GMT, the USD declined 0.85% against the CHF and closed at 0.9673. The Swiss Franc came under pressure, after the nation’s consumer prices fell for the...

USDJPY MovementFor the 24 hours to 23:00 GMT, the USD weakened 0.18% against the JPY and closed at 120.22. Yesterday, the IMF trimmed its growth forecast for Japan to 0.6% in 2015, from its earlier...

GBPUSD MovementFor the 24 hours to 23:00 GMT, the GBP rose 0.54% against the USD and closed at 1.5229. Data showed that, British house prices fell 0.9% MoM in September, reaching its lowest level in...

EUR/USD Daily Analysis: EUR/USD has been in a tightening consolidation triangle since late August's high above 1.17, with 1.11 providing long-term support. In the intraday picture we are short-term...

GBP/JPY Daily OutlookDaily Pivots: (S1) 182.25; (P) 182.75; (R1) 183.55 Intraday bias in GBP/JPY stays neutral for the moment. On the downside, break of 180.36 support will resume the whole fall from...

WTI bulls gained inspiration during Tuesday’s trading session when US government data suggested that the global oil supply glut could be diminishing. This unexpected news resulted in the...

Good morning. Hope all is well! We were a bit off on our forecast for yesterday with only a 43% accuracy. We did end up taking a mixed stance for yesterday. Looks like both the yen and the greenback...

All is looking good, I thought, as I laid my head on the pillow last night. Actually, EUR/USD and USD/CHF have done nothing wrong. In fact, currently, they look just fine and dandy. Then I moved on to...

The EUR/CAD pair broke down below a pretty significant area during the session on Monday. This was an area that featured a significant uptrend line, although it had been pierced on a gap lower in late...

RBA Unmoved: Yesterday’s Reserve Bank meeting, while largely uneventful in terms of systematic changes in policy or direction, did have quite the effect on price with the Aussie Dollar putting...

Background is weak – it is ok for short trades. There is no weak signal before the entry – it is a mistake to enter the market if you do not have confirmation from strong/weak signals....