Forex Opinion & Analysis

Last week EUR/USD broke 1.0565 and once this occurred we came down to our 1.0465 target. Shorts covered, and now we have seen a very small double base form on the 60 min chart, so there is scope for...

*All the charts are 30M charts with daily pivot points.AUD/USD Market Scenario 1: Long positions above 0.7650 with target @ 0.7692. Market Scenario 2: Short positions below 0.7650 with target @...

Market BriefIt has been all but a calm Sunday in Brazil. Following the street protests by over a million citizens, the government promised to present a package of anti-corruption within days. We are...

USD/JPY Bank of Japan (BoJ) meeting may spur a limited market reaction in USD/JPY as Governor Haruhiko Kuroda remains in no rush to further embark on the qualitative/quantitative easing (QQE)...

The EUR/USD has recovered after falling to new lows at 1.0457. Overall the down-trend is dominant so a resumption lower is expected and many speculators are even discussing the possibility of it...

GROWTHACES.COM Forex Trading StrategiesTaken PositionsEUR/USD: short at 1.0625, target 1.0335, stop-loss 1.0600, risk factor **USD/JPY: long at 121.10, target 123.55, stop-loss 119.60, risk factor...

Talking Points: USD/JPY Technical Strategy: Flat Support: 120.82, 119.88, 117.17 Resistance: 121.91, 123.88, 125.84 The US dollar continues to stall below the 122.00 figure against the Japanese...

Talking Points: US Dollar Technical Strategy: Holding Long via Mirror Trader Basket ** Support: 12107,11965, 11854 Resistance:12221, 12335, 12477 The Dow Jones FXCM US Dollar Index may be losing...

EUR/USD The euro returned above 1.05 handle, on profit-taking rally, following last Friday’s weakness that posted fresh 12-year low at 1.0461. Strong bearish tone remains in play, confirmed by...

Talking Points:GBP/USD Technical Strategy: Short at 1.4926 Support: 1.4696, 1.4431, 1.4167 Resistance: 1.5023, 1.5224, 1.5551 The British Pound accelerated downward having declined as expected against...

Talking Points:EUR/GBP Technical Strategy: Short at 0.7341 Support: 0.7097, 0.7028, 0.6944 Resistance: 0.7150, 0.7183, 0.7234 The Euro may be preparing to advance against the British Pound after...

Talking Points: USD/CAD Technical Strategy: Flat Support: 1.2635, 1.2381, 1.2187 Resistance: 1.2801, 1.2968, 1.3158 The US dollar may be carving out a double top against its Canadian...

Talking Points:GBP/JPY Technical Strategy: Flat Support: 177.91, 176.23, 174.15 Resistance: 179.58, 181.58, 183.91 The British Pound continues to push downward against the Japanese Yen having topped...

EUR/USDRisk reward: 2.41Volatility: HighUp at 1.0501 Limit 1.0469 Target 1.0578USD/JPYRisk reward: 1.13Volatility: AverageDown at 121.35 Limit 121.67 Target 120.99GBP/USDRisk reward: 2.09Volatility:...