Forex Opinion & Analysis

EUR/GBPCurrently we are at 0.7126. We are looking for a continuation to the S7 support area @ 0.7019 with an overall target @ 0.6947. There is little to stop this in this area. The average daily true...

AUD/USD - Technical Report The four-hour chart of AUD/USD proves that the pair has found a very solid support at 38.2% Fibonacci level. Currently, the pair is re-attacking the 61.8% resistance along...

EUR/USDCurrent level - 1.0760 A reversal has been confirmed above 1.0650 and the intraday bias is already positive above 1.0710 support, for a rise towards 1.0850, en route to...

*All the charts are 30M with daily pivot points.AUD/USD Market Scenario 1: Long positions above 0.7786 with target @ 0.7818. Market Scenario 2: Short positions below 0.7747 with target @...

Forex News and EventsRisk appetite surged back in Asian trading. A majority of Asian markets were able to ignore mounting Greek concerns and weak US session to end the session higher. The Shanghai...

On Tuesday the European currency tried to regain losses of Monday; however the pair EUR/USD got stuck in the range of 1.0736-1.0734, failing to determine future movement direction.Today, volatility in...

EUR/USDThe euro fell slightly on Tuesday in a subdued day of trading, as continuing instability regarding the Greek debt crisis weighed on the euro. The euro remained under pressure after the ZEW...

The dollar continues to recover against most currencies ending slightly higher in a quiet trading session on Tuesday. However, sentiment on the dollar remains vulnerable after a recent batch of weak...

Market Drivers for April 22, 2015AU CPI comes in at 0.2% vs, 0.1% lowering chance of cut in May BoE Minutes show 2 members ready to hike cable through 1.50 Nikkei 1.13% Europe -0.06% Oil $55/bbl Gold...

EUR/USD is showing inverted head and shoulders on H1 chartEUR/USD bounced of 1.0700 region and subsequently it made new daily high at 1.0780. Today we can clearly see inverted head and shoulders...

EUR/USD remains in a sideways consolidation within its longer-term down-trend. Recently it stalled after meeting strong support from a major channel line in the 1.04s. The most prudent thing to do is...

GBP/USD Main scenario:The pair is trading along an uptrend.The uptrend may be expected to continue in case the market rises above resistance level 1.5055, which will be followed by reaching resistance...

EUR/USD Main scenario:The pair is trading along an uptrend.The uptrend may be expected to continue in case the market rises above resistance level 1.0820, which will be followed by reaching resistance...

EUR/GBP is in a sideways market mode after having met support from a major trend-line drawn on the monthly chart, joining the 2010 and 2012 lows. This line could provide the necessary support for a...