Forex Opinion & Analysis

Main scenario:The pair is trading along an uptrend.An downtrend will start from resistance level 1.6650, which will be followed by moving down to support level 1.6615 and then to 1.6545. Alternative...

Main scenario:The pair is trading along a sideways trend.An uptrend will start from support level 1.3730, which will be followed by moving up to resistance level 1.3780 and then to 1,3835.Alternative...

EUR/USD The euro consolidates above the fresh low at 1.3704, posted last Friday, where the fall met its Fibonacci 76.4% expansion of the third wave off 1.3874, 24 Mar lower top. The second consecutive...

GBP/JPY Daily OutlookDaily Pivots: (S1) 169.99; (P) 170.64; (R1) 171.75;The recovery from 167.77 is still in progress and further rise could be seen. But again, price actions from 174.84 are viewed as...

EUR/USDRisk reward: 1.50Trend: UpBuy at 1.3745 SL 1.3713 TP 1.3793USD/JPYRisk reward: 2.09Trend: UpBuy at 102.79 SL 102.47 TP 103.46GBP/USDRisk reward: 1.37Trend: UpBuy at 1.6627 SL 1.6595 TP...

Soybeans running out of momentum below March highs at 1459/60 this week as we become overbought. Below 1437 is more negative for today and targets 1426/25. If we continue lower look for 1417/16 then...

The Aussie is a little under pressure, headed back below .9235. However, we do have a support area at .9222/10 and we will look to this support today to see if we can maintain gains. Failure of the...

EUR/USD – Choppy Week, But Still BearishAfter a choppy last week which saw the pair surge, then sell off 3 days in a row, the pair is holding under a short term role reversal level. If this...

Yet more bearish news from Japan. Industrial Production for the month of February grew 6.9% vs 9.9% expected on a Y/Y basis. M/M basis is even worse, shrinking by 2.3% when a growth of 3.6% was...

US NFP is the first major release of the year and we expect plenty of volatility following the release. In the event we do get our deviation, it’s important to follow the plan as set forth...

We´ll be getting the Canadian Employment Change release number today, but since the market is focused on news out of U.S. (Nonfarm Payroll), this release will probably work only if it is going...

US ISM Non-Manufacturing PMI will be widely monitored, during the Nonfarm Payroll week especially, considering that the Services sector makes up over 70% of the work force, not counting public...

ECB Interest Rate is done in 2 parts, first with the rate decision at 7:45am then followed with a press conference at 8:30am. The most important part of the rate decision is the Press Conference, so...