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Forex Opinion & Analysis

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Jason Sen
AUD/USD: Bears Are Back
By Jason Sen - Aug 20, 2014

The AUD/USD had one last test of 100 day moving average resistance at 9335 spiking to 9345 before pulling back sharply. We forecast the 6 week bear trend was likely to resume and it looks like the ...

Jason Sen
USD/JPY: Beats 7-Month Trend Line
By Jason Sen - Aug 20, 2014

The USD/JPY has now beaten 7 month trend line resistance at 102.70/75 as we look to target July/August highs at 103.02/08. Overbought short term so we should struggle here but yesterday's breakout ...

Ben Myers
High Volatility Exposes Bitcoin’s Fragility
By Ben Myers - Aug 20, 2014 |   1

Yesterday saw an exchange, Bitcoin (BTC-e)-e, break down and have a significantly lower price than other exchanges. The other exchanges saw the price dip below $440 briefly, whereas BTC-e hit a low of...

Dailyfx
GBP/USD Surges Above 1.6650
By Dailyfx  - Aug 20, 2014

Talking Points: BOE Minutes Reveal an Interest Rate Vote of 7-2 By the MPC Members. GBP/USD Surge After The BOE Minutes To Trade Above 1.6650 Looking Ahead The July’s FOMC Minutes Will Take Center ...

Forex4you
USD/JPY: measured move forming
By Forex4you - Aug 20, 2014

The current short-term trend is showing the formation of a classic measured move from the 101.50 lows, which is currently unfolding its C leg higher. C has still not quite reached 100% of A but it is ...

Alexandros Yfantis
Is 106 Feasible For USD/JPY?
By Alexandros Yfantis - Aug 20, 2014

From late 2013 until mid 2014 we have witnessed a sideways wedge formation being built in USDJPY. The top end of the wedge formation has been falling with lower highs while support at 100.70-101 was ...

ICN.com
GBP/USD: Failing Bullish Expectations
By ICN.com  - Aug 20, 2014

EUR/USD The pair dropped yesterday and broke 1.3330 levels indicating that the correction became sideways, as the downside move currently extended and could reach 61.8% correction at 1.3230 showing ...

Dean Popplewell
Will BoE Dissent Change Pound's Direction?
By Dean Popplewell - Aug 20, 2014

Currently, the Central Banker remains at the 'core' for most of the forex moves. Governor Stevens at the RBA is trying hard to jawbone his own currency, the Aussie dollar, lower. While the 'chameleon'...

Avatrade
USD/JPY May Face Selling Pressure Soon
By Avatrade - Aug 20, 2014

The USD/JPY pair has fallen from its resistance zone on a 60 minute time frame. However, the price is still trading near the resistance zone and it could have another attempt on the resistance zone. ...

Ross Woodfield
Euro Stuck In A Bearish Wedge
By Ross Woodfield - Aug 20, 2014

The Euro is stuck in a downward sloping wedge against the US dollar and it looks set to continue. We may see a test of the upper trend line at some stage, but on the whole it looks like we will see ...

Alex Gurr
NZD Looks Shaky
By Alex Gurr - Aug 20, 2014

If you’ve been watching the New Zealand dollar, you have certainly been taken for a ride on the NZDUSD and AUDNZD. Both pairs have seen a large amount of volatility in the previous 24 hours, and...

Boris Schlossberg
Cable Soars On Surprising BoE Vote
By Boris Schlossberg - Aug 20, 2014

Market Drivers August 20, 2014BoE votes 2-7 on rate hikes cable pops to 6670Euro breaks below 1.3300Nikkei 0.03% Europe 0.36%Oil $95/bblGold $1294/oz.Europe and Asia:EUR GE PPI -0.1% vs. 0.0%GBP UK ...

Forex4you
EUR/USD: breakout in motion
By Forex4you - Aug 20, 2014

The EUR/USD pair has bearishly broken out of its sideways consolidation, moving down to an initial first target at 1.3290, situated at a previous support and resistance level. The exchange rate will ...