Forex Opinion & Analysis

EUR/USDCurrent level - 1.1252 Nothing interesting here, as the pair is still caught in the tight consolidation range below 1.1290. Crucial on the downside remains...

Pound has moved to new swing high in the last few sessions, so looks like that market is making a three wave recovery from the low. Despite higher prices pair is in a corrective move of wave 2 that...

Asian stocks were mixed on Thursday as shares in Tokyo closed lower on poor machinery orders, while shares in China surged by almost 3% as trading resumed after a week-long holiday. Core machinery...

During the session today, there are three main announcements coming out of the market. Benchmark interest rate will come out of Bank of England at 11:00(GMT), AND European Central Bank Minutes will...

AUDUSD MovementFor the 24 hours to 23:00 GMT, the AUD strengthened 0.65% against the USD to close at 0.7204. LME Copper prices rose 1.28% or $66.0/MT to $5241.0/MT. Aluminium prices rose 1.33% or...

USDCAD MovementFor the 24 hours to 23:00 GMT, the USD rose 0.16% against the CAD to close at 1.3058, The CAD weakened, after the release of downbeat Canadian building permits data. Yesterday, data...

USDJPY MovementFor the 24 hours to 23:00 GMT, the USD weakened 0.20% against the JPY and closed at 119.98The Japanese currency gained ground, after the BoJ refrained from expanding its QE programme....

GBPUSD MovementFor the 24 hours to 23:00 GMT, the GBP rose 0.57% against the USD and closed at 1.5316,as the UK’s manufacturing and industrial production data topped market...

EUR/USDMain scenario:The pair is trading along a sideways trend between resistance 1.1275 and support 1.1185 levels, where we can expect a local downtrend with target on 1.1185, while pair is trading...

GBP/USDMain scenario:The pair is trading along an uptrend with target on 1.5440, which may be expected to continue in case the market rises above resistance level 1.5340. Alternative scenario:A...

GBP/JPY Daily OutlookDaily Pivots: (S1) 182.85; (P) 183.44; (R1) 184.39 Intraday bias in GBP/JPY stays neutral for the moment. On the downside, break of 180.36 support will resume the whole fall from...

Good morning. Hope all is well! Have had a good forecast for yesterday with a 71% accuracy. Looks like British pound and the US dollar could be the major players in the market for today due to...

Traders have once again received positive encouragement that the 1.51 level for the GBPUSD is a probable “bottom” this week after the pair managed to strongly rally away from this level,...

EUR/USD Today’s support: - 119.64, 119.47 and 119.20(main). Break would bring 119.13, where correction is possible. After that 118.92, where a correction may also happen. Break of the latter...