Forex Opinion & Analysis

EUR/USD US housing starts rose by 15.7% to a 1.093 mln annualized rate The reading was significantly stronger than forecast even when taking into account a big upward revision, to 945k from 893k in...

The GBP/USD has hit the 23.6% retracement level of 1.6630 from the whole 1 year rally from a low of 1.4812 in July 2013. This therefore is enormously important support and the best chance bulls have...

The EUR/USD broke August lows and support at 1.3345/35 as expected in this 3 month bear trend and targets 1.3295 today. The bear tend has resumed after a consolidation period and could continue lower...

The AUD/USD had one last test of 100 day moving average resistance at 9335 spiking to 9345 before pulling back sharply. We forecast the 6 week bear trend was likely to resume and it looks like the...

The USD/JPY has now beaten 7 month trend line resistance at 102.70/75 as we look to target July/August highs at 103.02/08. Overbought short term so we should struggle here but yesterday's breakout was...

Yesterday saw an exchange, Bitcoin (BTC-e)-e, break down and have a significantly lower price than other exchanges. The other exchanges saw the price dip below $440 briefly, whereas BTC-e hit a low of...

From late 2013 until mid 2014 we have witnessed a sideways wedge formation being built in USDJPY. The top end of the wedge formation has been falling with lower highs while support at 100.70-101 was...

Currently, the Central Banker remains at the 'core' for most of the forex moves. Governor Stevens at the RBA is trying hard to jawbone his own currency, the Aussie dollar, lower. While the 'chameleon'...

The USD/JPY pair has fallen from its resistance zone on a 60 minute time frame. However, the price is still trading near the resistance zone and it could have another attempt on the resistance zone....

The euro continues to point southward on Wednesday, as the EUR/USD has broken below the 1.33 line. The sagging euro has lost about a cent this week, and finds itself at its lowest levels...

AUD: Glen Stevens addressed parliament and stated that intervention "is on the table" for the overvalued Aussie. Regardless, traders pushed the Aussie higher throughout the speech but remains well...

The Euro is stuck in a downward sloping wedge against the US dollar and it looks set to continue. We may see a test of the upper trend line at some stage, but on the whole it looks like we will see...

If you’ve been watching the New Zealand dollar, you have certainly been taken for a ride on the NZDUSD and AUDNZD. Both pairs have seen a large amount of volatility in the previous 24 hours, and...