Forex Opinion & Analysis

When China engineered a mini-devaluation of the yuan in August, it succeeded in closing the prior gap between the fix (central reference rate) and the spot onshore yuan. One of the prices of doing so,...

With earlier USD/JPY gains taken back and a bull pressure now seen, a move further higher towards the 122.00 level could occur. On the upside, resistance resides at the 122.00 level with a turn above...

The USD/CHF pair has been trading in a consolidation pattern as we can see on the chart, but recent higher low has made another channel inside consolidation pattern. That channel looks like a...

As we know, the tide turns quickly in forex markets and from the peak of bullish market sentiment only two months ago, GBP has since been laid aside and investors have scaled back their expectations...

S&P cuts Brazil’s credit rating to junkOnly six weeks after lowering Brazil’s investment grade outlook to negative, Standard & Poor’s cut Brazil’s credit rating to BB+...

The EUR/USD pair is trading below its downward trend line on a 4 hour time frame. This confirms that the trend is towards the downside and as long as the price is unable to break this towards the...

USD/CHFUSD/CHF has declined, approaching the 61.8% Fibonacci retracement once again along with some kind of bearish tendencies on technical indicators. Therefore, we will close any opened long...

Market Drivers for September 10, 2015 USD/JPY pops nearly 100 pips on comments of more QE but retraces Commdollars pop as off shore yuan hits daily gain on record Nikkei -2.5% Europe -0.97% Oil...

AUD/USDMarket Scenario 1: Long positions above 0.7030 with targets at 0.7055 and 0.7095. Market Scenario 2: Short positions below 0.7030 with targets at 0.6990 and 0.6965. Comment: The pair weakened,...

EUR/USDToday’s support: -1.1176, 1.1153 1.1132 and 1.1115(main), where correction is possible. Break would give 1.1091, where correction also may be. Then follows 1.1070. Break of the latter...

Market watchers are trying to catch their breath after all of the recent turmoil and take stock (pun intended) of the current situation. The short version: it's confusing, and it's volatile.In China,...

EUR/USDCurrent level - 1.1206 The overall bias remains bullish above 120.00 support, for a tight test of 121.70 resistance zone. resistance intraday intraweek 121.70 122.30 121.70 123.70 support...

Market Commentary USD tested both sides of 96 handle yesterday, bid up during Asia/Europe and subsequently track equities lower in the US session. A record of 5.753m job openings as measured by JOLTs...