Forex Opinion & Analysis

GROWTHACES.COM Forex Trading StrategiesTaken PositionsEUR/USD: long at 1.1220, target 1.1400, profit locked in at 1.1130, risk factor **AUD/JPY: long at 83.60, target 87.00, profit locked in at 85.80,...

AUD/USDMarket Scenario 1: Long positions above 0.7203 with targets at 0.7244 and 0.7313. Market Scenario 2: Short positions below 0.7134 with targets at 0.7093 and 0.7024. Comment: The pair is...

EUR/USDCurrent level - 1.1251 The recent rise from 1.1170 low leaves the bias on the lower frames neutral within the prolonged consolidation pattern above 1.1104. Key resistance on the upside is...

Market Drivers for October 7, 2015 GBP through 1.5300 as better data and M&A help Risk-on fuels rallies in Commodity dollars Nikkei 0.75% Europe 1.11% Oil $49/bbl Gold $1149/oz Europe and Asia...

EUR/USDOutlook: Short Term (1-3 Days): Bearish – Medium Term (1-3 Weeks): BearishFundamental: EUR jumped as high as 1.1280 as the soft USD eclipsed the disturbingly weak German August industrial...

EUR/USD is not showing much movement on Wednesday, as the pair trades at around 1.1240 in the European session. Taking a look at economic events, German Industrial Production posted a sharp decline of...

S&P 500 moved nicely to the upside in the last few trading days and hit our 1970 projection as upward minimum objective. But notice that move up from yesterday was very strong so looks like market...

USD/JPYSharp pullbacks again have been witnessed from 120.60, taking the pair below SMA20 - colored in green - as seen on the provided daily chart. However, the USD/JPY still stable above 119.60 and...

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...

EURUSD MovementFor the 24 hours to 23:00 GMT, the EUR rose 0.67% against the USD and closed at 1.1268, as investors shrugged off Germany’s downbeat factory orders data. Data revealed that the...