Forex Opinion & Analysis

GROWTHACES.COM Forex Trading StrategiesTaken PositionsEUR/USD: long at 1.1150, target 1.1350, stop-loss 1.1040, risk factor **USD/CHF: short at 0.9400, target 0.9200, stop-loss 0.9500, risk factor...

AUD/USDMarket Scenario 1: Long positions above 0.7880 with target @ 0.7908. Market Scenario 2: Short positions below 0.7858 with target @ 0.7830. Comment: The pair trades around 0.7870 level, after...

The yen is in a very clear range pattern with a slight bearish bias along the top side. A rejection from here would confirm a continuation of the range pattern that will likely take the pair back to...

We’re finally there. In a few short days, the UK will go to the polls and a new political story will take over; the campaign will be over, the coalition building will begin and Sterling will...

The dollar gained against most major currencies on Monday, after data showed that U.S. factory orders rose for the first time in eight months in March and together with positive U.S. economic reports...

The Reserve Bank of Australia lowered the cash rate target 25 basis points to 2.00% as expected, but guidance was apparently not as dovish as the market was pricing in. Governor Glenn Stevens’...

KEY DATA RELEASES TODAY (BST) : 09:30 GBP Construction PMI 57.6 v 57.8 13:30 USD Trade Balance -41.2B v -35.4B 15:00 USD ISM Non-Manufacturing PMI 56.2 v 56.5OVERNIGHT: EUR/USD rallied to print a...

EUR/USD The Euro resumes pullback off 1.1288, after losing initial 1.1173 support, 01 May low and today’s probe below psychological 1.11 support. Overall bullish structure sees the pullback as...

EUR/USDRisk reward: 2.56Volatility: HighDown at 1.1147 Limit 1.1179 Target 1.1065USD/JPYRisk reward: 0.97Volatility: LowDown at 120.20 Limit 120.52 Target 119.89GBP/USDRisk reward: 2.22Volatility:...

The Currency Score analysis is one of the parameters used for the Ranking and Rating list which was published earlier.It is recommended to read the page Currency score explained and Models in practice...

When looking at the Top 10 in the Monthly Ranking and Rating list provided here we can see that for the coming month the following stronger currencies are well represented for going long: CHF(7X) and...

GBP/USD fell lower on Monday and the correction of the rally from 1.4564 to 1.5497 looks set to extend lower. The pair has fallen below the 38.2% of this rally and support will likely be provided by...

EUR/USDCurrent level - 1.1130 The downtrend from 1.1290 peak is still intact, heading for a tighter test of 1.1050 support area. Crucial on the upside is...

EUR/JPY – Corrective Pullback, Next Major Leg Likely Up (1hr chart) Last week we talked about buying the EU/RJPY on a pullback to 131.30. This played out to the pip with the pair pulling back...