Forex Opinion & Analysis

Gold hiked on Tuesday from 1218.90 low to 1231.64 high and closed at 1228.64. Yesterday, XAU/USD marched to a higher price scoring 1233.07, then plunged to 1221.50 low and closed at 1224.13. The...

XAG/USD opened yesterday at 17.04 and took a hike clocking a high at 17.23, touching 200 SMA at 17.19, then failed to guard the 17 handle. The shiny metal started a bearish afterwards sinking to...

EUR/USD: Yellen May Spur Some Profit Taking TodayPhiladelphia Federal Reserve President Patrick Harker said he favored raising interest rates and that the U.S. central bank might have to hike more...

GBP/JPY Daily OutlookDaily Pivots: (S1) 134.55; (P) 135.55; (R1) 136.96; Intraday bias in GBP/JPY remains on the upside with 134.17 minor support intact. As noted before, bullish convergence...

The GBP/USD is showing signs of immediate strength as we see strong ascending trend lines on H4 chart and retracement trend line which has been broken. The zone 1.2395-1.2415 (L4, EMA89, retracement...

Sterling staged a vicious rebound against the dollar during trading on Thursday following October’s extraordinary 1.9% rise in retail sales which questioned if the ongoing Brexit woes had any...

USD/JPY has ticked higher on Thursday, as the pair trades at the 109 line. On the release front, there are a host of major events, highlighted by CPI and unemployment claims. Fed chair Janet Yellen...

EUR/USD Weekly Trend: Oversold 1st Resistance: 1.0750 2nd Resistance: 1.0840 1st Support: 1.0679 2nd Support: 1.0614 EUR Recent Facts: 22nd of July 2016, German Manufacturing PMI (key indicator of the...

EUR/USD is showing limited movement in the Thursday session. Currently, the pair is trading at 1.0730. On the release front, Eurozone Final CPI posted a gain of 0.5%, edging above the forecast of...

Market BriefThe FX market was mixed this morning as no clear trend emerged during the Asian session. The dollar index was treading water at around 100.40 as the greenback lost ground against the SEK,...

AUD/CAD continues to fall after the recent downward reversal from the top of the high-quality Up Channel chart pattern which was earlier identified by Autochartist on the daily charts. Autochartist...

The dollar reached near 14-year highs on Wednesday, even as analysts cautioned the markets that the recent rise is considered excessive and the greenback is vulnerable to a drop despite expectations...

On the 4h chart of NZD/USD we are observing a nice impulsive decline taking place, ideally as part of a higher degree cycle that may unfold in weeks to come. As we see on the graph, price made a nice...

USD/JPY holding below 109.30/35 is negative for today and we do need a correction. Holding below 108.89/85 targets minor support at 108.35/30. Further losses targets 107.90/85 then strong support at...