Forex Opinion & Analysis

Market Commentary EURUSD surged to 1.1345 high when London session started but then the pair slipped to 1.1220s as the dollar edged higher on rise in US bond yields and expectations of US rate hike...

EUR/USD – Attack on 1.1445 Seems Likely (4 hour chart) After selling off impulsively late last week, the euro has rebounded strongly over the last few days and continues to build a series of...

Ten days ago, on June 1st, we published an article, called “USD/CAD Ready For A Weak Week?”. As always, its title was inspired by the wave structure of the analyzed instrument. The wave...

EUR/CAD has pushed above the daily Ichimoku cloud, but found resistance at the 38.2% Fibonacci retracement at 1.3994 of the decline from 1.5583 (March 2014) to 1.3021 (April 2015). There is scope for...

EUR/USDRisk reward: 2.66Volatility: HighUp at 1.1275 Limit 1.1243 Target 1.1360USD/JPYRisk reward: 2.66Volatility: HighDown at 123.51 Limit 123.83 Target 122.66GBP/USDRisk reward: 2.09Volatility:...

GBP/JPY Daily OutlookDaily Pivots: (S1) 190.10; (P) 190.73; (R1) 191.93; Intraday bias in GBP/JPY is turned neutral for the moment. A short term top might be in place at 191.94 on bearish divergence...

Good morning. Hope all is well! We seem to have had an average forecast for yesterday with a 57% accuracy on our directions. On some instances, the markets violated our zones and then moved in the...

For the 24 hours to 23:00 GMT, the AUD traded marginally lower against the USD to close at 0.7689.LME Copper prices rose 1.25% or $74.0/MT to $5989.0/MT. Aluminium prices rose 1.62% or $27.5/MT to...

For the 24 hours to 23:00 GMT, the USD rose 0.42% against the CHF and closed at 0.9313.In economic news, consumer prices in Switzerland rebounded 0.2% on a monthly basis in May, higher than market...

For the 24 hours to 23:00 GMT, the USD weakened 0.15% against the JPY and closed at 124.41.On the macro front, Japan’s consumer confidence index unexpectedly fell to 41.4 in May, from prior...

For the 24 hours to 23:00 GMT, the GBP rose 0.25% against the USD and closed at 1.5380, as Britain’s trade deficit improved.Data showed that total trade deficit narrowed more than expected to...

For the 24 hours to 23:00 GMT, the EUR declined 0.07% against the USD and closed at 1.1276, as uncertainty regarding Greek debt woes continued.Yesterday, the preliminary estimate showed that...

EUR/USD Open 1.1272 High 1.1346 Low 1.1213 Close 1.1277 On Tuesday, euro/dollar decreased with 130 pips. The European currency depreciated from 1.1346 to 1.1213 yesterday, not matching the positive...

The euro has been tapping on the top of its orange falling megaphone.It’ll either break out or, more likely, form a triangle between that top and the bottom of its potential price channel (gray,...