Forex Opinion & Analysis

Have you ever been punched in the gut when you weren’t looking? I hope not, but if you were a loonie bull this morning, now you know what it feels like. The Bank of Canada shocked traders by...

Established current trends....US Dollar Up (Hot), Euro Down (Cold). The upward trend in the USD/JPY has it facing a cluster of resistance at (1), monthly momentum is the highest in 40-years and...

EUR/USD has traded in a tight consolidation since the currency pair made its latest plunge last week down to an 11-year low of 1.1460. That low was just shy of reaching its key downside support target...

Talking Points Key weekly reversal bars at December spike high Downtrend off the 1/7 high is in place (4-hr time-frame) Looking for a retracement to at least 74000 USD/NOK put in key reversal bars on...

This Thursday's ECB press conference will be a show stopper for the forex markets and could deliver another market moving shocker following closely on the Swiss National Bank's surprise decision to...

This Thursday's ECB press conference will be a show stopper for the forex markets and could deliver another market moving shocker following closely on the Swiss National Bank's surprise decision to...

Currently the EUR/AUD is at 1.4117. We are looking for a continuation to the 1.618 Fibo support area @ 1.4009 IF we can break the support here. The average daily true range (ATR) for the pair...

AUD/USD support at 8155/50 is key to direction today. If trying longs we need stops below 8135. Be ready to go with a break lower using 8150 as resistance for a move towards 8115 & perhaps as far...

EUR/USD same levels apply for today but we must beat immediate resistance at 1.1605/15 to re-target resistance at 1.1650/55. We should struggle here again & a high for the day possible but shorts...

Talking Points: BOE interest rate vote 9-0 (against change); Asset-purchase vote 9-0 (against change) ILO Unemployment Rate (3M)(NOV) Actual 5.8% vs 5.9% Surveyed and 6.0% Prior Market will be...

The GBP/USD pair is trading below the downward trend line on a daily time frame. This confirms that the trend is towards the downside. As long as the price is trading below the downward trend line,...

GROWTHACES.COM Forex Trading Strategies: Taken Positions: EUR/USD trading strategy: short at 1.1590, target 1.1375, stop-loss 1.1585 USD/CAD trading strategy: long at 1.1880, target 1.2200, stop-loss...

CB’s cut growth and inflation forecasts ECB’s Nowotny: ‘meeting nothing to get excited about’ BoE Hawks find the fold Poloz has market doing all the work Despite Japan’s...