Forex Opinion & Analysis

Australia 200 Thursday, June 4th, 2015In the last week or so, we have seen the confirmation of a medium term trend reversal, as the ASX 200 index has edged up towards the key 5800 level. It has,...

AUD/USD – Thursday, June 4th, 2015 In recent hours, the Australian dollar has been easing back a little, after running into resistance just shy of the key 0.7850 level. In the last couple of...

The Thursday session in the GBP/USD should be fairly interesting. Keep in mind that today we have an interest rate decision coming out of the Bank of England, and that of course can bring a lot of...

Morning View:The euro continued to drive markets overnight, with Mario Draghi’s ECB press conference the trigger.Draghi expressed his disappointment with economic growth, and even laughed at the...

By Kathy Lien, Managing Director of FX Strategy for BK Asset Management. Euro Powers Through 1.12, Is 1.15 Next? Weak Data Worries Dollar Bulls GBP: No Surprises Expected from BoE CAD Hit by Weaker...

AUD/USD rose sharply from 0.76 to 0.7818 yesterday. If we take a look at this rally on a 5-minute chart, we will see that it has a perfect five-wave impulsive structure. According to the Elliott Wave...

Talking PointsEUR/USD starts trading in a 153 pip range Price is bouncing from support at 1.1073 R4 breakouts begin at 1.1303 After rising as much as 279 pips in yesterday’s trading, today the...

1.0987 is an interesting level for EUR/USD; it is a visible support level, and it is also where the 50 SMA is sitting. Is this a good level to have some buy orders sitting? A pattern of higher lows is...

Last week, we highlighted the near-term bullish channel on USD/CAD and concluded that: “….a near-term dip back to 1.2400 is certainly in play heading into the end of this week, but as...

USD/JPY Open 124.01 High 125.06 Low 123.78 Close 124.08 On Monday dollar/yen continued decreased with 125 pips. The currency couple depreciated from 125.06 to 123.78 yesterday, not matching the...

AUD/JPYCurrently we are at 96.70. We are looking for a continuation to the former top@ 97.30 with an overall target @ 98.11. The average daily true range (ATR) for the pair currently is 80 pips.

The USD/CAD pair has risen up to a key resistance level provided by the neckline of the recent head-and-shoulders pattern.It has pulled back after touching the neckline and its possible it could move...

Focus remains on Greece and ECB EUR pares weekly gains on service PMIs U.K. services stumps sterling Pound bulls look to Draghi for help The current forex climate is a trader’s dream. The...

GROWTHACES.COM Forex Trading StrategiesTaken PositionsUSD/JPY: short at 124.15, target 122.20, stop-loss 125.10, risk factor **USD/CAD: short at 1.2490, target 1.2250, stop-loss moved to 1.2490, risk...