Forex Opinion & Analysis

GROWTHACES.COM Forex Trading StrategiesTaken PositionsGBP/USD: long at 1.5160, target 1.5540, stop-loss moved to 1.5160, risk factor **USD/CAD: short at 1.2110, target 1.1930, stop-loss moved to...

There is expected to be much volatility today and tomorrow as results from the general election start to filter through. Based on recent polls the election will probably result in a hung parliament...

Yesterday we gave you our insight on the exchange rate between the euro and USD, saying that EUR/USD parity is still possible. But the European currency weights nearly 60% of the USD index. So, if a...

EUR/USDCurrent level - 1.1372 The bias is bullish after the recent failure above 1.1050 support zone, for a rise towards 1.1500 major hurdle. Initial intraday support lies at...

GBPUSD movement is in the shadow of impending UK elections.Fundamentally speaking if there is a stalemate or hung parliament, GBP/USD should drop by a big amount and if coalition is formed we might...

KEY DATA RELEASES TODAY (BST) : 09:30 GBP Parliamentary Elections 13:30 USD Unemployment Claims 277K v 262KOVERNIGHT: EUR/USD rallied to a two-month high of 1.1370, continuing to pull away from a...

EUR/USDRisk reward: 2.50Volatility: HighUp at 1.1332 Limit 1.1300 Target 1.1412USD/JPYRisk reward: 1.47Volatility: AverageDown at 119.56 Limit 119.88 Target 119.09GBP/USDRisk reward: 3.12Volatility:...

GBP/JPY Daily OutlookDaily Pivots: (S1) 181.51; (P) 182.02; (R1) 182.60; Intraday bias in GBP/JPY remains neutral for the moment. As long as 180.64 minor support holds, further rise is expected. As...

Talking Points:US Dollar Technical Strategy: Holding Long Support: 11737, 11688, 11638 Resistance:11799, 11837. 11899 The Dow Jones FXCM US Dollar Index is on pace to test April’s swing bottom...

Talking Points:EUR/USD Technical Strategy: Flat Support: 1.1247, 1.1178, 1.1040 Resistance:1.1359, 1.1450, 1.1541 The Euro continued to recover against the US Dollar after a brief pause to...

EUR/USDThe euro rose over 1.5 percent against the dollar and hit $1.13710, its highest level in roughly 10 weeks after a rise in European yields drove demand for the euro and weak U.S. ADP National...

The dollar dropped further against most major currencies on Wednesday, after data from ADP showed that U.S. non-farm private employment rose less than expected in April, increasing worries about the...

EUR/USD has been gaining momentum and reached fresh 3-month highs of 1.1370 in early European session trading on Thursday. The pair accelerated gains after breaking above the 100-day moving average on...

It’s not every day that different time frames set up reversal structures, but that is just what looks to be happening on the USD/CAD pair. The H1 and daily charts are both showing reversals of...