Forex Opinion & Analysis

Australia 200 for Thursday, April 9, 2015In the last few days the Australian 200 index has shown some signs and moved well towards the resistance at 6000 before easing away slightly, however it...

AUD/USD for Thursday, April 9, 2015For the last week or so now the Australian dollar has relied heavily on support at the 0.76 level after falling away sharply to down below the key 0.77 level over...

Chris looks at the upcoming session fro Thursday, as the EUR/USD continues to show serious weakness. The US גollar remains strong overall, and the FOMC Meeting Minutes that came out on Wednesday...

The second half of yesterday's North American trading session had a lot more intrigue associated with it than the first half as there was actually some news that we were able to digest. The Federal...

CAD/JPY has been locked in a 200 pip range since early February of 2015. This range commenced after the pair lost nearly 1,500 pips between December of 2014 and late January of 2015. Last week the...

EUR/GBPPreferred view suggests pair is in a double three or ((w))-((x))-((y)) Elliott wave structure down from 0.7384 peak when dip to 0.7223 completed wave ((w)) and wave ((x)) ended at 0.7380 with a...

Yesterday, the pair GBP/USD went down despite the fact that the Pound was supported by positive British macro-economic statistics. It became known that business activity index in the service sector...

Talking Points: GBP/USD Holds Range Resistance Ahead of Bank of England (BoE) Policy Meeting. AUD/USD Rebound to Face Slowing China Inflation; Former Support in Focus. US Dollar Threatens Bearish RSI...

Currently we are at 1.4955 in a channel inside a range. We are looking for a continuation to the Resistance area at 1.5012. The average daily true range (ATR) for the pair currently is 185 pips.

GBP/USD Open 1.4815 High 1.4954 Low 1.4801 Close 1.4803 On Tuesday pound/dollar continued decreasing with 120 pips. The cable depreciated from 1.4921 to 1.4801 yesterday, in line with the negative...

Forex News and EventsThe Nikkei surged to 19,789, a level not seen in 15 years. The catalyst is growing evidence that the BoJ will be forced to introduce additional stimulus in 2015. The BoJ wrapped...

EUR/USDCurrent level - 1.0844 The downtrend from 1.1036 bottomed preciselly above 1.0800 support and my outlook is counter-trend, for a break through the crucial high at 1.0885, en route to 1.1050...

*All the charts are 30M charts with daily pivot points.AUD/USD Market Scenario 1: Long positions above 0.7705 with target @ 0.7775. Market Scenario 2: Short positions below 0.7640 with target @...