Forex Opinion & Analysis

Bias: Bullish Point to Establish Long Exposure: Break / Close > 123.77 – 124.44 Zone Invalidation Level: Gap Open Low and Prior Resistance at 121.848 Target 1: 125.85 (2015 High) Target 2:...

Greek ‘No’ vote sees initial weakness in EUR, before Finance Minister Varoufakis’ resignation bolsters the currency to pare some of the lossesThis week has kicked off in a familiar...

Let us consider the GBP/USD pair on the daily timeframe. On June 3 the Bank of England decided to keep the interest rate unchanged at 0.5% and to leave the monetary stimulus program unchanged at GBP...

Last week was rather an uncommon FX trading week, starting with the Greece declining to pay the EUR 1.5 billion IMF payment, then announcing the Greferendum and the rest of the EU leaders keeping it...

Currently, GBP/NZD is at 2.3212 after a breakout. We are looking for a continuation to the 0.500 Fibo support area at 2.3126 with an overall target at 2.3010. The average daily true range (ATR) for...

Consumer Price Index in Switzerland for June was +0.1% vs. -0.1% forecast, 1.0% vs.1.2% at an annual rate. The figures were better-than-expected, but today the events the euro zone affect the Swiss...

EUR/USD has dropped after Greek "No" vote on referendum which was held on Sunday. After a bailout proposal has been rejected EUR/USD gapped down on early market open by 200 pips dragging EUR basket...

This week the scorecard recommends buying NOK, SEK and CAD while selling EUR, NZD and JPY ( see suggested weights in portfolio in table below ).This week's suggestion of buying NOK and SEK derives...

GBP/USDGBP/USD has touched the main support line around 1.5560 where it retraced to the upside as seen on the provided graph. The probability of the bullishness increased since 1.5560 wasn’t...

Despite the turmoil in the financial markets around a possible 'Grexit', the EUR/USD has not gapped down more than expected, and found support around the demand zone of 1.1000. The overall trend is...

EUR/USDCurrent level - 1.1032 The recent failures at 1.1125 led to a renewal of the downtrend, currently aiming for a break through 1.0954, en route to 1.0820 area. Initial resistance lies at...

Market CommentaryMajor talk overnight was on the Greek referendum and the associated ‘No’ vote. Unfortunately, of the two scenarios, the ‘No’ vote has left the markets with the...

GROWTHACES.COM Forex Trading Strategies Pending Orders EUR/USD: buy at 1.0990, target 1.1240, stop-loss 1.0940, risk factor *** GBP/USD: buy at 1.5470, target 1.5700, stop-loss 1.5400, risk factor ***...