Forex Opinion & Analysis

Ben Myers
Bitcoin Lacks Buy-Side Demand
By Ben Myers - Oct 20, 2014

Large selling pressures across multiple exchanges have pushed the (Bitcoin) price below the first daily support level at $385.39 today. The origin and intentions of these co-ordinated sell orders are ...

Martin Kay
Where Is Euro Heading Next?
By Martin Kay - Oct 20, 2014

There was some relief for the Euro during this past week, as it traded higher against the U.S. dollar and closed the week on the positive note. The pair opened the week around the same price point, ...

Scott Barkley
GBP/USD: Continuation?
By Scott Barkley - Oct 20, 2014

Currently we are at 1.6146. We have an attempt to break of the1.6150 and looking for a R5 resistance area at 1.6254 with an overall target at 1.6300. The average daily true range (ATR) for the pair ...

Kenny Fisher
USD/JPY – Yen Steady After BOJ Remarks
By Kenny Fisher - Oct 20, 2014

The Japanese yen is steady on Monday, as USD/JPY trades just below the 107 line. It’s a quiet start to the week, with no US or Japanese releases on Monday. In Japan, BoJ Governor Haruhiko Kuroda ...

Growth Aces
EUR/USD: Outlook Still Uncertain
By Growth Aces - Oct 20, 2014

GROWTHACES.COM Trading Positions EUR/USD: short at 1.2835, target 1.2710, stop-loss 1.2810USD/JPY: long at 105.60, target 108.50, stop-loss 106.50USD/CAD: long at 1.1280, target 1.1480, stop-loss ...

Forex Million
GBP/USD Downtrend May Start Soon
By Forex Million - Oct 20, 2014

Main scenario:The pair is trading along an uptrend.The uptrend may be expected to continue while pair is trading above support level 1.6080, which will be followed by reaching resistance level 1.6170 ...

Forex Million
EUR/USD Trading Along A Sideways Trend
By Forex Million - Oct 20, 2014

Main scenario:The pair is trading along a sideways trend.An local uptrend already started from support level 1.2750, which will be followed by moving up to resistance level 1.2840.Alternative ...

GBP/USD Rollercoaster Set To Continue
By ForexTime - Oct 20, 2014

Following an explosive couple of weeks where the Cable has continually alternated between bullish and bearish swings, the GBP/USD has already commenced Monday’s European session by slipping back...

Gold: Now Looking At A Reversal
By ForexTime - Oct 20, 2014

During the previous weekly review, we mentioned gold declining and hitting the $1180 target a few weeks earlier than previously forecast. Reaching the $1180 target also represented a “triple ...

USD/JPY: An Expected Move
By ForexTime - Oct 20, 2014

In line with expectations, the pair pulled all the way back from 110 to 105 over the past fortnight. Investors had previously priced in the Bank of Japan (BoJ) increasing stimulus, but the BoJ ...

GBP/USD: Looking At A Potential Wedge Pattern
By ForexTime - Oct 20, 2014

In line with what has been noticed in the past few weeks, the Cable continued to struggle to find any direction last week and alternated between a bullish and bearish sentiment. The pair even ...

EUR/USD: Not What Draghi Was Hoping For
By ForexTime - Oct 20, 2014

For months, the European Central Bank (ECB) and its President Mario Draghi have been calling for a weaker Euro exchange rate. A combination of the ECB adding more stimulus to reinvigorate the EU ...