Forex Opinion & Analysis

After many months of consistent strengthening of the dollar, it finally seems set to for a halt. Judging from recent economic data and the technical outlook of the USD against most of its major...

EUR/USDCurrent level - 1.1167 The outlook here remains negative, for a slide towards 1.1050 support zone. Crucial resistance is projected at...

After the release of North American employment figures (April) on Friday—below expectations for Canada (-20,000) and according to expectations in the U.S. (+ 223,000)—the attention of...

Since our last report: the currency market has generally moved as expected. However, recently we have received several requests for an update. Since an update of this nature requires a complete...

Markets are off to a relatively slow start this week, with most major currencies treading water as traders continue to digest Friday’s solid-but-not-spectacular NFP report, though there has been...

USD/CADCurrently we are at 1.2092 and attempting a break of the diagonal. We are looking for a continuation to the support area @ 1.2026 with an overall target @ 1.1989. The average daily true range...

The EUR/USD pair is trading above its upward trend line on a 60 minute time frame. This confirms that the trend is towards the upside. The price has also formed a symmetrical triangle pattern, which...

GROWTHACES.COM Forex Trading StrategiesTaken PositionsAUD/USD: long at 0.7865, target 0.8080, stop-loss moved to 0.7865, risk factor **EUR/GBP: long at 0.7240, target 0.7480, stop-loss 0.7195, risk...

Volatility will always provide a degree of opportunity, currently something that investors cannot complain about. Last week, capital markets were exposed to massive sovereign bond yield swings that...

Market Drivers for May 11, 2015 PBOC cuts rates for third time in six months Kiwi weighed on speculation that rate cuts are coming Nikkei 1.25% Europe -0.77% Oil $59/bbl Gold $1184/oz. Europe and...

Last week, the pound traded a bit downwards against the US dollar. At the beginning of this week, trades are conducted in a range of 1.5418-1.5435. Positive macroeconomic indicators carry on...

The EUR/GBP pair has been in a broad long-term down-trend. In March it formed a temporary low and started pulling-back. On the weekly chart it corrected back into the 10 and then the 20 moving...

EUR/USD broke above the neckline of a double bottom, reached the minimum expected target at the 61.8% extrapolation of the height of the pattern, at roughly 1.1315, and has now pulled-back down again...

GBP/JPY Daily OutlookDaily Pivots: (S1) 183.78; (P) 184.90; (R1) 186.02; Intraday bias in GBP/JPY remains on the upside for the moment. Consolidation pattern from 189.70 has completed with three...