Forex Opinion & Analysis

Currently we are at 173.47. We are looking for a continuation to the 1.270 area at 173.87 AFTER the break of the ascending wedge.  Larger target is the 174.44 area.  The average daily true...

Forex News and Events: The Fed’s dovish stance despite improving US economic indicators triggered heavy drop in USD and US yields. The S&P 500 hit a fresh historical high in New York...

EUR/USD is trading in ascending impulse. 1.3586 level is violated. For today we will expect bullish structure with 1.3660 as a target. After that correction to 1.3586 is possible. In case it happens,...

For all the market worries about a UK housing bubble and US financial stability, the only market shock yesterday was the MIA Central Bank 'hawk.' Despite expressing "surprise" that the market had not...

EUR/USDCurrent level - 1.3590 EUR/USD broke yesterday through the 1.3580 resistance area and rose to 1.36. A temporary drop to 1.3560 zone is possible after which another move on the upside is...

Asian markets this morning are responding to the FOMC decision and interest rate guidance from Janet Yellen late yesterday. Asian markets are taking their clues from Wall Street with both the Nikkei...

Market BriefThe US yields and USD are hit by dovish FOMC and cautious Yellen. The Fed kept the interest rates steady at 0.25%, the monthly bond purchases were reduced by another 10 billion dollars....

GBP/USD remains in uptrend after recent retracement down to 1.6924 which was wave 4 as highlighted in our past updates. We see prices now in wave 5 that has a target around 1.7100, so for now...

USD/JPYOpen 101.92 High 102.31 Low 101.73 Close 101.90On Wednesday the USD/JPY decreased with 40 pips. The currency couple depreciated from 102.31 to 101.87 yesterday, not matching the positive money...

The price of Bitcoin (BTC-USD), after having taken out the previous top of 605, failed to maintain its upward momentum and has retraced more than 1% from its high of 615 and has even retested the...

EUR/USD The pair broke above the key resistance level of the downside move that started from the top 1.3996 showing on graph, easing the way for further bullishness. Stabilizing above 1.3520 is...

The Aussie/Kiwi pair likes to range and the latest pattern on the AUD/NZD D1 chart is a bullish channel. A pull back could provide an entry point for a bounce off the lower line.The ranging pattern...