Forex Opinion & Analysis

The AUD/USD struggling with an overbought stochastic and appears to be losing momentum. Exactly as predicted we saw profit taking to 9230 and bottomed almost exactly here at 9225. More sideways action...

The GBP/USD headed lower as expected to 1.6620/10 and bottom exactly here as predicted. We are in the process of unwinding an overbought short term stochastics, and could break lower today to a buying...

Market BriefThe Japanese monetary base increased from 204.8 trillion to 219.9 trillion yen end of March. USD/JPY and JPY crosses continue gaining momentum. USD/JPY rallied to 103.94 in Tokyo, the...

EUR/USD is showing little movement on Wednesday, as the pair trades just shy of the 1.38 line in the European session. In economic news, Spanish Unemployment Change dipped to a...

EUR/USDCurrent level - 1.3803 The rebound above 1.3704 low seems corrective in nature, so my outlook here is bearish, for a break through 1.3760, en route to 1.3640. Crucial on the upside is...

USD/JPYOpen 103.62 High 103.94 Low 103.08 Close 103.64On Tuesday the USD/JPY continued increasing with 60 pips. The currency couple appreciated from 103.08 to 103.72 yesterday, matching the positive...

Kiwi dollar suffered significant decline after the failure to break 0.87 round figure. This decline is surprising as broad risk trends is bullish evident via global stock indexes that managed to climb...

EUR/USDRisk reward: 1.62Trend: UpBuy at 1.3793 SL 1.3761 TP 1.3845USD/JPYRisk reward: 2.06Trend: Strong UpBuy at 103.71 SL 103.39 TP 104.37GBP/USDRisk reward: 2.06Trend: Strong UpBuy at 1.6621 SL...

Yesterday’s forecast was a very close on GBP/USD and the Oceanic Pairs, however the other pairs had some mixed sentiments, that is some being sidelined and not having much movements and some...

EUR/USD The euro is probing above 1.38 barrier, following several attempts to break higher that formed hourly bullish pennant. Positive near-term studies are supportive for further advance, with...

Cable (GBP/USD) top intact, with risk for a roll lowerA cautious tone, with the grinding recovery effort stalling ahead of a better barrier at 1.6715, which we see capping this week with threat of...

GBP/USDOpen 1.6630 High 1.6677 Low 1.6617 Close 1.6627On Tuesday the GBP/USD decreased with 60 pips. The Cable depreciated from 1.6677 to 1.6617 yesterday, in converse with the positive money flow...

EUR/USDEurope’s two-speed economy was underscored in data showing strengthening in the German labor market. Overall euro-area unemployment was at 11.9 percent in February. In Italy it rose to 13...