Forex Opinion & Analysis

USD/JPY is trying to turn higher after recent break out of a downward channel which is first important indication of a completed wave B at 119.64. Based on the personality of sharp leg up from Oct 2nd...

GBP/USD is unchanged on Friday, as the pair trades at 1.5350 in European trading. The Federal Reserve released its minutes on Thursday, which indicated that policymakers were hesitant to raise rates...

EUR/USDCurrent level - 1.1308 The intraday bias is positive, for a break through 1.1330 area, en route to 1.1390 and 1.1460. Initial intraday support lies at 1.1260 and crucial on the downside is...

The AUD/USD has rallied sharply from its support area which is marked in light blue in the above H4 chart and how now reached its resistance are marked in light grey. Price action has now formed a...

USD/CHFIn accordance with the bearish scenario, the USDCHF pair has collapsed below moving averages 20 and 50 after testing 61.8% Fibonacci levels as seen on the provided daily chart. However, we...

The dovish FOMC meeting minutes dealt a sharp blow to the already vulnerable Dollar on Thursday. September’s meeting minutes continued to lack any real direction on when the US central bank will...

EUR/USD continues to post modest gains on Friday, and the pair trades above the 1.13 line in the European session. The Federal Reserve released its minutes on Thursday, which indicated that...

AUD/JPY - breaks above resistance at level 87.30 Since 1,5 month, AUD/JPY moved in consolidation between levels 87.30 and 82.10. Today, bulls once again are trying to break above the resistance at...

GBP/JPY Daily OutlookDaily Pivots: (S1) 183.27; (P) 183.76; (R1) 184.53; Intraday bias in GBP/JPY stays neutral for the moment. On the downside, break of 180.36 support will resume the whole fall...

For the 24 hours to 23:00 GMT, the AUD strengthened 0.72% against the USD to close at 0.7256. LME Copper prices declined 1.55% or $81.0MT to $5160.0/MT. Aluminium prices declined 0.96% or $15.0/MT to...

For the 24 hours to 23:00 GMT, the USD declined 0.39% against the CAD to close at 1.3007. The CAD gained ground, after the Canadian housing starts in September recorded its fastest pace since...

For the 24 hours to 23:00 GMT, the USD declined 0.81% against the CHF and closed at 0.9657. In economic news, Switzerland’s seasonally adjusted unemployment rate climbed 3.4% in September, in...

For the 24 hours to 23:00 GMT, the USD weakened marginally against the JPY and closed at 119.91. Yesterday, data indicated that Japan’s outlook index of Eco watchers survey rose to a level of...

For the 24 hours to 23:00 GMT, the GBP rose 0.23% against the USD and closed at 1.5352, after the BoE’s monetary policy committee decided to keep its benchmark interest rates steady at 0.5% and...