Forex Opinion & Analysis

AUD/USD short position ahead of Aussie employment reportThe AUD/USD may continue its downward movement, as the RSI remains in a bearish formation after weak Chinese CPI data and on forecasts the Fed...

EUR/USD: Market Shrugged Off Kaplan Suggesting June HikeDallas Fed President Robert Kaplan said he is "very open-minded" to deciding whether to raise interest rates at a mid-June policy meeting. He...

EUR/USD Bearish signal among negative RSIThe EUR/USD remains consolidating in a long-term range below the highest level 1.1455 this year. The pace of the Fed interest rate hike weighed on the EUR/USD...

GBP/USDGBP/USD inclined and approached 61.8% Fibonacci at 1.4285, attempting to breach this level. A break above this level will be a bullish signal, supported by ADX and RSI. Moving averages carry...

EUR/USD has posted considerable gains on Tuesday. In the European session, EUR/USD is trading at 1.1450. On the release front, German CPI and WPI numbers beat expectations. There are no major US...

Yesterday’s Trading: On Monday, trades in Europe finished around the level that the Asian session opened at. During the first half of the day the euro weakened against the dollar to 1.1371, due...

USD/JPY has been falling very hard last week, now approaching 107.00 area where pair can be looking for a support if we consider five waves of decline from 113.80. We know that after each five waves...

EUR/USDRisk reward: 1.78Volatility: AverageBuy at 1.1400 SL 1.1368 TP 1.1457USD/JPYRisk reward: 2.00Volatility: AverageSell at 108.28 SL 108.60 TP 107.64 GBP/USDRisk reward: 2.09Volatility: HighBuy at...

The Australian dollar has recently been on a strong bullish march following slipping sentiment in the US dollar. However, some concerning fundamental factors are impact the pair in the short term and...

GBP/USDMain scenario:The pair is trading along an uptrend with target on 1.4315, that may be expected to continue while pair is trading above support level 1.4190. Alternative scenario:A downtrend...

EUR/USDMain scenario:The pair is trading along a sideways trend between support 1.1360 and resistance 1.1445. Alternative scenario:Look at weekly forecast. Previous forecast:Weekly forecast, Apr 11 -...

GBP/JPY Daily OutlookDaily Pivots: (S1) 152.27; (P) 153.36; (R1) 154.80; Intraday bias in GBP/JPY stays neutral for consolidation above 151.64 temporary low. Upside of recovery should be limited...

EUR/USD Open 1.1408 High 1.1445 Low 1.1372 Close 1.1400On Monday euro/dollar increased with 70 pips. The European currency appreciated from 1.1372 to 1.1445 yesterday, matching the negative money flow...

Having anticipated a particularly non-directional day yesterday, I was basically happy with yesterday. The one pair that did manage a little movement was GBP/USD, for which I was basically bullish but...