Forex Opinion & Analysis

This week the scorecard recommends buying NOK, SEK and CAD while selling EUR, NZD and JPY ( see suggested weights in portfolio in table below ).This week's suggestion of buying NOK and SEK derives...

GBP/USDGBP/USD has touched the main support line around 1.5560 where it retraced to the upside as seen on the provided graph. The probability of the bullishness increased since 1.5560 wasn’t...

Despite the turmoil in the financial markets around a possible 'Grexit', the EUR/USD has not gapped down more than expected, and found support around the demand zone of 1.1000. The overall trend is...

EUR/USDCurrent level - 1.1032 The recent failures at 1.1125 led to a renewal of the downtrend, currently aiming for a break through 1.0954, en route to 1.0820 area. Initial resistance lies at...

Market CommentaryMajor talk overnight was on the Greek referendum and the associated ‘No’ vote. Unfortunately, of the two scenarios, the ‘No’ vote has left the markets with the...

GROWTHACES.COM Forex Trading Strategies Pending Orders EUR/USD: buy at 1.0990, target 1.1240, stop-loss 1.0940, risk factor *** GBP/USD: buy at 1.5470, target 1.5700, stop-loss 1.5400, risk factor ***...

EUR/USDRisk reward: 2.78Volatility: HighUp at 1.1010 Limit 1.0978 Target 1.1099USD/JPYRisk reward: 2.31Volatility: HighDown at 122.61 Limit 122.93 Target 121.87 GBP/USDRisk reward: 2.09Volatility:...

The outcome of Sunday’s referendum in Greece on the bailout program showed 61.3% of the public had voted against the latest creditors’ proposal – a much higher percentage than...

GBP/JPY Daily OutlookDaily Pivots: (S1) 190.53; (P) 191.53; (R1) 192.18; GBP/JPY dropped sharply to as low as 189.39 before recovering mildly. Intraday bias remain son the downside. As noted before,...

EUR/USDThe euro fell sharply because Greece rejected the proposed bailout terms from international creditors, placing the question of the country's continued membership in the euro zone at the front...

UK BOE Interest Rate Decision will probably be another non-event as usual, especially considering how the MPC usually does not release any accompanied statements with the decision (unless there is a...

AU Employment Change release today will definitely be a market mover, as the recent RBA rate decision should already set the tone for the AUD. If we get today’s release in the same direction as...

AU RBA Interest Rate Decision today is expected to remain unchanged today, but with RBA cutting rates in the previous meetings, I would remain on the sideline and only take a trade if we get a...

US ISM Non-Manufacturing PMI is a leading indicator, but since it is scheduled AFTER the all-important Nonfarm Payroll Report, I would not expect any trend changing impact, but if we get our tradable...