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Forex Opinion & Analysis

EUR/USD Sees Sharp Drop, Correction At 1.3230
By ICN.com  - Aug 21, 2014

EUR/USD The pair dropped sharply in the past three days approaching 61.8% correction at 1.3230. In fact, the mentioned level is significant, and despite that further bearishness is expected, we do ...

EUR/USD: down-trend overshadowed by exhaustion
By Forex4you - Aug 21, 2014

The EUR/USD pair has fallen to new lows at 1.3241 but has since rebounded following the release of better-than-expected German PMI data. It has now reached the level of the S1 monthly pivot at about ...

ZIFX com
USD/JPY Extends Gains
By ZIFX com - Aug 21, 2014

USD/JPY Open 103.71 High 103.96 Low 102.89 Close 103.73On Wednesday the USD/JPY continued increasing significantly with 95 pips. The currency couple appreciated from 102.89 to 103.85 yesterday, ...

ZIFX com
Majors Daily Forecast: August 21, 2014
By ZIFX com - Aug 21, 2014

EUR/USDRisk reward: 1.81Trend: DownSell at 1.3278 SL 1.3310 TP 1.3220USD/JPYRisk reward: 2.06Trend: Strong UpBuy at 103.72 SL 103.40 TP 104.38GBP/USDRisk reward: 2.16Trend: Strong DownSell at 1.6598 ...

Dollar Maintains Strength Following Fed Minutes
By XM - Aug 21, 2014

The Federal Reserve minutes of the July policy meeting which were released on Wednesday gave a more hawkish-sounding tone and helped push the dollar higher. The minutes showed the Federal Reserve Open...

Euro Continues To Trend Lower
By FinFX - Aug 21, 2014

EUR/USD The euro continues to trend lower, with fResistanceh acceleration below 1.33 handle, testing levels below initial 1.3247, Fibonacci 38.2% retracement target. Further bears are expected to ...

ZIFX com
Cable Slips On Fed Rate Hike Expectations
By ZIFX com - Aug 21, 2014

GBP/USD Open 1.6594 High 1.6690 Low 1.6562 Close 1.6593On Wednesday the GBP/USD decreased with 100 pips. The Cable depreciated from 1.6690 to 1.6589 yesterday, in line with the negative money flow ...

Matt Simpson
EUR/USD: The Trend Is Clear
By Matt Simpson - Aug 21, 2014

AUD: CB Leading Index rises to 0.4% vs 0.2% expected but did little to help slow down the AUD declines. CNY: Manufacturing PMI fell short of expectations at 50.3 vs 51.5 forecast, making it a ...

David Solin
EUR/YEN: The Next To Surge ?
By David Solin - Aug 21, 2014

EUR/JPY near term outlook:In the July 31st email, affirmed the view of an important bottoming in the 136.00/25 support area (Feb low, base of bull channel from July 2012), and now with potential for ...

Ross Woodfield
The Aussie’s Bearish Channel
By Ross Woodfield - Aug 21, 2014

The AUD/USD looks under a bit of pressure and comments from the RBA did the bulls no favours. We may see a pull back from the recent movement, however, a touch of the bearish trend line should see a ...

Alex Gurr
Euro Weakness Set To Continue
By Alex Gurr - Aug 21, 2014

The Euro has taken a tumble in the last 48 hours on the charts, and for many this comes as no surprise. What is most certainly clear is that the U.S dollar is getting back into strengthening mode on ...

GBP/USD Rebound Favored
By Dailyfx  - Aug 21, 2014

Trading the News: U.K. Retail Sales A pickup in U.K. Retail Sales may spur a more meaningful rebound in the GBP/USD as it raises the prospects for a stronger recovery in the second-half of ...