Forex Opinion & Analysis

For the 24 hours to 23:00 GMT, the GBP rose marginally against the USD and closed at 1.5686, after the CBI monthly total order book balance unexpectedly improved to -1 from -10 in July. Meanwhile,...

For the 24 hours to 23:00 GMT, the EUR rose 0.98% against the USD and closed at 1.1230. In a notable development, Greek PM Tsipras resigned and called for early election in September. In economic...

Main scenario:The pair is trading along an sideways trend.An uptrend will start as soon, as the pair rises above resistance level 1ю5645, which will be followed by moving up to resistance level...

Main scenario:The pair is trading along an uptrend.The uptrend may be expected to continue while pair is trading above support level 1.1080, which will be followed by reaching resistance level...

Talking Points:US Dollar Technical Strategy: Holding Long via Mirror Trader Basket ** Support: 11904, 11853, 11801 Resistance: 11979, 12050, 12114 The Dow Jones FXCM US Dollar Index continues to...

Talking Points:USD/JPY Technical Strategy: Flat Support: 122.84, 122.26, 121.55 Resistance: 123.41, 124.12, 124.56 The US Dollar continues to sink against the Japanese Yen, with prices dropping to...

For some time now that I’ve been looking closely at the yen’s daily movements. Prices are swinging around a resistance made back in 2007, and it’s interesting to note that so far...

Talking Points:USD/CHF Technical Strategy: Flat Support:0.9529, 0.9441, 0.9332 Resistance: 0.9617, 0.9726, 0.9793 The US Dollar continued to sink against the Swiss Franc, with sellers claiming a...

Talking Points:EUR/GBP Technical Strategy: Flat Support: 0.7141, 0.7035, 0.6930 Resistance: 0.7206, 0.7271, 0.7352 The Euro continued to recover for a second day against British Pound, hitting the...

Talking Points:USD/CAD Technical Strategy: Flat Support: 1.3054, 1.2956, 1.2798 Resistance: 1.3207, 1.3366, 1.3494 The US Dollar is treading water above the 1.30 figure having corrected downward...

Talking Points:NZD/USD Technical Strategy: Flat Support: 0.6443, 0.6261, 0.6114 Resistance:0.6679, 0.6791, 0.6973 The New Zealand Dollar may be forming a double bottom against its US namesake...

Talking Points:AUD/USD Technical Strategy: Flat Support: 0.7219, 0.7084, 0.6974 Resistance:0.7438, 0.7577, 0.7689 The Australian Dollaris treading water having recoiled upward after dipping to a...

Talking Points:GBP/JPY Technical Strategy: Flat Support: 193.07, 191.32, 190.11 Resistance: 194.94, 195.89, 197.10 The British Pound continues to oscillate in a choppy range below the 195.00 figure...

Talking Points:EUR/JPY Technical Strategy: Flat Support: 138.36, 137.86, 137.05 Resistance:139.17, 139.83, 140.48 The Euro continued to recover for a second consecutive day, with prices poised to...