Forex Opinion & Analysis

Trading opportunities on currency pair: on Friday the pound/dollar closed down. A pattern on the candle indicating a weakening of the pound has started to form. As I see it, it’s likely that the...

EUR/GBP- With the cross closing lower the past week and following through lower during Monday trading session, further downside pressure in the days ahead. On the upside, resistance lies at the 0.7300...

On Tuesday, Public Sector Net Borrowing statistics are released in the UK. According to the forecast, a budget deficit accounts for 9 billion pounds against a 1.3 billion surplus in July. Thus, in...

Currently the GBP/JPY pair is at 187.15 in a well-defined range. We are looking for this next move to finally break the range and continue to the 1.270 Fibo resistance area at 188.97 with an overall...

Japanese Yen to React on the US or Chinese Factors?On Thursday the US FOMC left the key interest rate unchanged at 0-0.25%. The decision was based on the sluggish labour market recovery and the...

This summer we saw the EUR/USD finally breakout above the triangle pattern it has been in since last February, but our expectations for a real breakout continuation towards 1.20 were smashed with...

This trade was opened based on the previous EUR/USD analysis.Overall background is weak. Price was close to the resistance level (1.146) which several times has proved itself in upper timeframes. Here...

One week has passed since previous EURUSD analysis. There was a very weak signal (up-thrust) in the weekly chart. But you need to look at the overall picture rather than one bar’s action. During...

Market Commentary Despite the disappointment from the FOMC meeting, dip buyers of USD emerged during the European session on Friday, undoing all the damage done by Fed’s inaction a day earlier....

Monday 14th September: 65% return on USD/CADLive spot: 1.32517 Upper Binary101: 1.33712 Lower Binary101: 1.31317 Contract: 1 day Binary option: In-Out / Stays Between Wednesday 16th September: 26%...

The outlook for AUD/USD is more negative with 7185/90 the key to direction. If we manage a bounce look for first resistance at 7220/25, which could hold a rally but above here strong resistance at...

The USD/JPY outlook is quite negative again with first support at 119.80/75. A break below adds pressure to target 119.50 then 119.40/35. Outlook is negative so further today losses meet support at...

First support for GBP/USD is at 1.5520/15. It is the best chance of a low for the day again today. Buy here, stop 1.5490. However, be ready to sell a break below 1.5490 to target 1.5480 then support...

First resistance for the EUR/USD pair is at 1.1320/25 and holding below here keeps the outlook negative. A break above 1.1340 triggers a recovery to 1.1370/75. Try shorts with stops at 1.1390. Be...