Forex Opinion & Analysis

CurrenciesEUR/USD – was finally able to move a bit further away of the 1.1375 level as the USD weakened yesterday, but today we see it strengthening again, moving once more towards the support...

USD/CHF: Having the pair continued to hold on to its downside pressure on price failure, further bearishness is expected. On the downside, support lies at the 0.9650 level. A turn below here will open...

The dollar remained broadly lower against most major currencies on Wednesday, as investors continue to lock in profits from the greenback’s recent gains, especially against the yen after Japan...

USD/JPYUSDJPY has been trading within a very narrow range following the sharp ascending actions seen this week. It started to stabilize again above SMA20 with a daily closing, but RSI is flirting...

US Dollar Index back in what seems to be a topping range Original post

The EUR/USD recovered ahead of US retail sales dataThe EUR/USD notched higher this morning to trade above 1.1400 zone waiting to bounce back at the 1.1445 initial resistance level. The FX pairs are...

The GBP/USD is preparing for a short-term breakout ahead of BOE decisionThe GBP/USD gained momentum after breaking the strong resistance level 1.4460. The GBP/USD is searching for a recovery as it is...

On USD/CHF we have seen a very strong turning point last week from 0.9442 where we see pair made a low, which means it completed wave 5) of an ending diagonal placed in wave C-circled. Reason for a...

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD marginally weakened against the USD to close at 0.7367. LME Copper prices rose 0.81% or $38.0/MT to $4748.0/MT. Aluminium prices rose 1.13% or...

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.45% against the CAD to close at 1.2857. In the Asian session, at GMT0300, the pair is trading at 1.2856, with the USD trading...

USDCHF Movement For the 24 hours to 23:00 GMT, the USD declined 0.50% against the CHF and closed at 0.9708. In the Asian session, at GMT0300, the pair is trading at 0.9706, with the USD trading...

USDJPY Movement For the 24 hours to 23:00 GMT, the USD weakened 0.78% against the JPY and closed at 108.44. In economic news, Japan’s preliminary leading index surprisingly rose to a level of...

GBPUSD Movement For the 24 hours to 23:00 GMT, the GBP fell 0.07% against the USD and closed at 1.4436, after UK’s industrial and manufacturing production advanced at a less-than-expected pace...

EURUSD Movement For the 24 hours to 23:00 GMT, the EUR rose 0.43% against the USD and closed at 1.1421. In the US, mortgage applications rose 0.4% in the week ended 06 May 2016, its first increase...