Forex Opinion & Analysis

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...

The US dollar was steady in Tuesday’s Asian session but stuck near the 8-month lows it set yesterday against a basket of currencies. After hitting a fresh 17-month low versus the yen on Monday,...

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 yen is currently bulldozing the USD and as a result speculation about the reaction of the Bank of Japan has become front page news. Setting speculation about the BOJ’s chances of intervening...

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...

GBP/USDShort-term Elliottwave structure suggests that the decline to 1.4 ended wave (B) of a larger degree triangle. Wave (C) rally is unfolding as a double three where wave W ended at 1.4287, and...