Forex Opinion & Analysis

The EUR/USD has been making higher highs since it has retested its low 1.0458 and now the traders want to know if we have formed a bottom and the path of least resistance is towards the upside....

The Canadian dollar seems to trade with the weather lately. It fell from a peak in hot sunny July to a bottom in cold snowy February. From there it just sat until mid April when it started rising with...

GROWTHACES.COM Forex Trading StrategiesTaken PositionsEUR/USD: long at 1.1150, target 1.1350, stop-loss moved to 1.1150, risk factor **GBP/USD: long at 1.5160, target 1.5540, stop-loss 1.5060, risk...

Currently, there are a lot of moving parts in capital markets that are keeping investors on their toes. If it’s not exploding sovereign bond yields or new yearly high crude prices, then...

Not trendyFrom the Floor's not averse to following the latest trends, but NZDUSD's testing of a trendline at 74.54 after a slight miss on expectations in New Zealand's employment report, is one it...

On Tuesday, European currency strengthened against the USD amid the growth of deficit in balance of trade in the USA. During the whole day the pair traded in the range of 1.1066-1.1222. Presently, the...

*All the charts are 30M charts with daily pivot points.AUD/USD Market Scenario 1: Long positions above 0.7998 with target @ 0.8055. Market Scenario 2: Short positions below 0.7898 with target @...

Persistent vs TemporaryWith the campaigns drawing to a close in the next 24hrs we can afford to take a longer look at the economic matters at the heart of the UK economy. Friday’s manufacturing...

EUR/USDThe euro rose modestly against the U.S. dollar snapping a three-session skid, as concerns related to the Greek debt crisis. talk between Greece and its euro zone creditor were put on hold until...

On Tuesday, the U.S saw a soft batch of economic data. The U.S. trade deficit in March increased to a six year high, as labor disputes at West Coast ports and recent strength in the dollar weighed...

GBP/USD Main scenario:The pair is trading along an uptrend.The uptrend may be expected to continue while pair is trading above support level 1.5165, which will be followed by reaching resistance level...

EUR/USD Main scenario:The pair is trading along an uptrend.The uptrend may be expected to continue while pair is trading above support level 1.1145, which will be followed by reaching resistance level...

GBP/JPY Daily OutlookDaily Pivots: (S1) 181.34; (P) 182.06; (R1) 182.67; Intraday bias in GBP/JPY remains neutral for the moment. As long as 180.64 minor support holds, further rise is expected. As...