Forex Opinion & Analysis

INTRADAY CHART BIAS: This could reach the 134.62-78 area Resistance: 135.57 135.77 136.00-16 136.44 Support: 134.62-96 134.34 133.75 133.09-30 MAIN ANALYSIS: The initial losses were truncated...

There was some good and not-so-good yesterday. The Europeans developed well – even if I basically pulled back from the complications that GBP/USD has got itself into. Actually, remaining neutral...

USDCAD pairing catches his breathCrude oil has nudged upward this morning after losing close to 7% of its value in two days. The difficulties experienced by Chinese officials in reining in the...

As my colleagues Chris Tedder and Fawad Razaqzada noted earlier today, the Australian dollar has surged across the board as the Reserve Bank of Australia took a definitive shift to a more neutral...

Atlanta Fed’s Lockhart Speaks: A hump day interview with the Federal Reserve Bank of Atlanta President Dennis Lockhart gave USDX bulls something to cheer about, indicating that the US economy is...

Today sees the release of the Services PMI for the UK where a figure of 58.1 is expected against a previous of 58.5, a small but notable reduction and something traders will be paying close attention...

While much of Europe’s economy is chugging along at the same slow but steady pace, traders were abruptly reminded of Greece’s economic tragedy on Monday. Most of the day’s...

Talking Points An Initial bullish breakout fails for the EUR/USD Range reversals begin at 1.0964 Range support starts at 1.0934 Created using Trading View Charts After traversing its daily 30 pip...

AUD has seen strength throughout the day after the RBA rate decision, which saw the central bank keep rates on hold despite suggestions by some analysts that a rate cut was possible, while the central...

With the USD/JPY pair continuing to maintain below its key resistance at 124.57 level, a move lower should occur. Support resides at the 123.50 level with a turn below here aiming at the 123.00 level....

Currently EUR/NZD is at 1.6618. We are looking for a continuation to the previous day chart support area @ 1.6555 with an overall target @ 1.6474. The average daily true range (ATR) for the pair...

Following the |end of a meeting on Tuesday morning, the Reserve Bank of Australia decided to leave their monetary policy unchanged. The base rate for the country remains at 2%. The governor of the...

Talking Points· British pound struggle continues to clear a monster resistance around $1.5680-$1.5700 versus the US dollar. · UK Nationwide Housing Prices released today posted an...

The GBP/USD pair is trading in symmetrical triangle pattern on a 4 hour time frame. These patterns are ranked on the bottom of the list and this or due to their failure rate in terms of of their...