Forex Opinion & Analysis

USD/CAD is consolidating in a descending triangle after a long term rally from 1.0619 last July. The triangle base provides support at 1.2350. A break below this would target next support 1.2050.To...

EUR/USDThe euro slid to six-week lows against the dollar on Wednesday following the release of mixed euro zone economic reports, as investors awaited details of the European Central Bank’s...

GBP/JPY Daily OutlookDaily Pivots: (S1) 182.15; (P) 183.06; (R1) 183.62; Intraday bias in GBP/JPY is neutral for the moment. With 181.65 minor support intact, further rally is in favor for...

AUD/NZD: Short One short position has been opened this week and closed today with a profit of 1/2 Weekly ATR (84 pips). On pullback postions will be opened again. See for more information my Strategy...

EUR/USDRisk reward: 2.12Volatility: HighDown at 1.1069 Limit 1.1101 Target 1.1001USD/JPYRisk reward: 1.75Volatility: AverageUp at 119.78 Limit 119.46 Target 120.34GBP/USDRisk reward: 2.28Volatility:...

For the 24 hours to 23:00 GMT, the AUD traded marginally higher against the USD to close at 0.7819.LME Copper prices declined/rose 0.46% or $27.0/MT to $5882.0/MT. Aluminium prices rose 0.20% or...

For the 24 hours to 23:00 GMT, the USD rose 0.23% against the CHF and closed at 0.9634.In the Asian session, at GMT0400, the pair is trading at 0.9651, with the USD trading 0.17% higher from...

For the 24 hours to 23:00 GMT, the USD traded flat against the JPY and closed at 119.68.In the Asian session, at GMT0400, the pair is trading at 119.83, with the USD trading 0.12% higher from...

For the 24 hours to 23:00 GMT, the EUR declined 0.85% against the USD and closed at 1.1084, following mixed economic data in the euro-zone and Germany.Data showed that, retail sales in the euro-zone...

EUR/USD Open 1.1078 High 1.1185 Low 1.1054 Close 1.1072 On Wednesday euro/dollar decreased with 120 pips. The European currency depreciated from 1.1185 to 1.1061 yesterday, matching the negative money...

EUR/USD – Breaks Multi-Year Support, Bearish Bias (4hr chart)Losing some serious ground today, the Euro broke through the multi-year support level of 1.11 closing below in on a daily basis for...

The data-heavy portion of the week has officially kicked off, and today’s economic figures have confirmed some of the recent trends we’ve been highlighting. As my colleague Chris Tedder...

Good morning. Hope all is well! We have had a bit of a turmoil in our forecast for yesterday with only a 29% accuracy. This was mainly due to the US Dollar strengthening as opposed to weakening as we...

Chris looks at the upcoming Thursday trading session in the EUR/JPY pair.Below you may find the video