Forex Opinion & Analysis

The US dollar is gaining a bit of ground at the start of a very busy week for economic data. In case you missed our data previews in Friday’s Week Ahead preview, note that this week’s...

EUR/AUDCurrently we are at 1.4335. We are looking for a continuation to the Day top area @ 1.4424 and then a fall. The average daily true range (ATR) for the pair currently is 152 pips.

GBP/USDMain scenario:The pair is trading along a downtrend.The downtrend may be expected to continue while pair is trading below resistance level 1.5300, which will be followed by reaching support...

EUR/USDMain scenario:The pair is trading along a downtrend.The downtrend may be expected to continue while pair is trading below resistance level 1.1000, which will be followed by reaching support...

The pair has paused in its up-trend and formed a small consolidation visible on the 4-hour chart below. The dominant up-trend is expected to continue higher eventually, however, with an initial move...

Bears have got the upper hand and pushed cable back below key support towards the next target at the 50-day MA, at 1.5162. It is possible that the recovery from the April lows, which has formed what...

NZD/USD has formed another descending channel and currently it is rejecting off 0.7123 POC (channel top, H3, DPP, 38.2) towards L3 - 0.7063. H1 is looking like a bearish railway pattern rejecting off...

Greece Ignores Self-imposed Deadline Sterling Plummets to Post Election Lows EUR under pressure from all angles UK manufacturing to be a drag on growth In Capital markets, this week will not be for...

GROWTHACES.COM Forex Trading StrategiesTaken PositionsEUR/USD: long at 1.0935, target 1.1140, stop-loss 1.0860, risk factor **GBP/USD: long at 1.5305, target 1.5600, stop-loss 1.5190, risk factor...

The dollar slipped lower against the euro on Friday, but overall the greenback strengthened broadly in May as stronger U.S. economic data prompted investors to bring forward expectations on the timing...

Market Commentary EUR/USD rose for three consecutive days against the dollar and tested 1.1000 ahead of the weekend it has pulled back in Asian trade testing 1.0930 bids. Policy makers have a...