Forex Opinion & Analysis

We seem to have had a good forecast for Friday with 5 out of the 7 pairs behaving as predicted. As we had expected the US dollar pairs were more sidelined while the Japanese yen ended up strengthening...

The Scottish Independence Referendum vote is this Thursday. This is without a doubt one of the biggest events of the week, as many traders out there are preparing for Armageddon. However, I have a...

EURUSD is approaching 1.30, but is this a reason for optimism? Traders are probably eager to know that. The EUR USD rate managed to recover from the lows of 1.2858 and went close to 1.30 by...

Talking Points:AUD/USD Technical Strategy: Short at 0.9186 Support:0.8955, 0.8826, 0.8665 Resistance: 0.9085, 0.9187, 0.9245 The Australian Dollar is working on the seventh consecutive down day...

Talking Points:NZD/USD Technical Strategy: Flat Support: 0.8082, 0.8006, 0.7882 Resistance:0.8144, 0.8206, 0.8283 The New Zealand dollar paused for a brief respite after falling for five consecutive...

BIAS: See more two-way trading developing but expect a deeper correction higher nowResistance: 0.9030-40 0.9055 0.9075 0.9087-93Support: 0.8996 0.8970-82 0.8960 0.8923-41MAIN ANALYSIS: The direct...

AUD/USD for Monday, September 15, 2014The Australian dollar has seen its sharpest fall in over 12 months as it fell strongly every day last week from near 0.94 down to a six month low at 0.90 to start...

The greenback is doing great these days. In the past three months, the USD has risen against all other G10 currencies, with increases ranging from 2.08%, 4.56% and 4.87% against the loonie, the euro...

EUR/JPY is signaling a bullish continuation scenario after last week's sharp rally from around 136. The daily chart shows a market that has formed a price bottom as price moved above 138.00.Also note...

The Scottish Independence Referendum vote is this Thursday. This is without a doubt one of the biggest events of the week, as many traders out there are preparing for Armageddon. However, I have a...

For sterling all eyes this coming week, well certainly as far as the UK is concerned, will be on the outcome of the vote on Scottish independence, as the debate continues to rage with a string of...

EURUSD What ProAct Forex Target Traders See: We are currently sitting at 1.32949. We are looking for a correction to the 0.500 Fibo at 1.3019 and then a breakdown to the support at 1.2859. The average...

The latest data for the weekly Commitment of Traders (COT) report, released by the Commodity Futures Trading Commission (CFTC) on Friday, showed that large traders and forex speculators pulled back on...

EUR/USD spent the whole week in a relatively small range (1.2860-1.2980). This is quite normal after the huge fall of the week before and the last quarter in general. Open shorts target the lowest end...