Forex Opinion & Analysis

Autochartist recently identified the Down Channel chart pattern on the daily EUR/JPY charts – as you can see from the following trade alert for this currency pair. EUR/JPY is expected to break...

For the 24 hours to 23:00 GMT, the AUD weakened 0.24% against the USD to close at 0.9299.LME Copper prices rose 0.4% or $24.5/MT to $6934.5/MT. Aluminium prices rose 1.7% or $33.0/MT to $2028.0/MT.In...

For the 24 hours to 23:00 GMT, the USD rose 0.44% against the CAD to close at 1.0939.In the Asian session, at GMT0300, the pair is trading at 1.0946, with the USD trading 0.06% higher from...

For the 24 hours to 23:00 GMT, the USD rose 0.29% against the CHF and closed at 0.9093, following upbeat economic releases from the US.In the Asian session, at GMT0300, the pair is trading at 0.9095,...

For the 24 hours to 23:00 GMT, the USD strengthened 0.28% against the JPY and closed at 102.92.In economic news, Japan’s leading index rose for more than expected in June to a reading of 105.9,...

For the 24 hours to 23:00 GMT, the GBP fell 0.62% against the USD and closed at 1.6620, after downbeat inflation data in the UK. On an annual basis, consumer price index in the UK dropped unexpectedly...

The key level of support have been breached against the Greenback to suggest the bearish move may be part of a larger structure, in what has been a relatively action-packed Asia session. I have been...

A refreshingly volatile Asia session follows on where NYLON left off. I had been expecting a retracement on the USD Index as price action had appeared very similar to the interim top throughout...

We seem to have a good forecast for yesterday with 5 out of the 7 pairs conforming to our predictions. The EUR/USD, USD/CHF, AUD/USD, NZD/USD the and EUR/JPY were very close to what we had thought...

EUR/USD continued its downtrend hedging to 1.3348 down by 15 points. The euro declined around 0.3 percent yesterday as Germany’s central bank said that the euro zone economy is expected to grow...

Australia 200 for Wednesday, August 20, 2014The Australian 200 Index has enjoyed a solid move higher over the last week bouncing off the support level at 5400 up to a two week high above 5550,...

AUD/USD for Wednesday, August 20, 2014The Australian dollar is threatening to break through the support level at 0.93, after recently falling sharply from above 0.9340 in recent hours.  ...

EUR/USD Open 1.3319 High 1.3363 Low 1.3302 Close 1.3318On Tuesday the EUR/USD continued decreasing with 50 pips. The European currency depreciated from 1.3363 to 1.3312 yesterday, matching the...

The past 10 days or so have had me researching several solutions, testing some theories and yesterday suddenly, I think, recognising the final solution. If I’m right, it’s actually...