Forex Opinion & Analysis

GBP/USDOpen 1.69084 High 1.6956 Low 1.6888 Close 1.6910On Wednesday the GBP/USD continued decreasing with 65 pips. The Cable depreciated from 1.6956 to 1.6888 yesterday, in line with the negative...

 Determined rally from the USD has pushed it into resistance Let us turn our focus on recent major currency pair exchange rates. We are looking at the G3 currencies here, which include the US...

AUD/USD: tops for bear biasWe stated in our last report that “we see a defensive bias, with risk through midweek lower for .9360, .9330 and maybe through .9322”.Having setback from the...

The Euro versus the pound is seeing somewhat of a price consolidation and should break out. With all of the news due out in the next 36 hours, we could see some large movements The EURGBP pair is...

Talking Points:GBP/JPY Technical Strategy: Flat Support: 173.44, 172.59, 171.75 Resistance: 173.96, 174.82, 175.35-50 The British pound launched a recovery against the Japanese yen having found...

We have come to an end of the month and we have had a good one indeed. Our previous forecast was a favourable one with 5 out of the 7 pairs conforming to our forecast, specially EUR/USD, USD/CHF,...

Over the previous week, the EUR/USD has recorded several fresh 2014 lows and the pair registered a further one yesterday. The EUR/USD continued to be sold in anticipation of the latest German CPI...

EUR/USD Market was data driven this Wednesday, starting early Europe with German inflation readings, in line with expectations, a mild weak US ADP employment survey, and a strong US GDP reading,...

AUD/USD for Thursday, July 31, 2014The Australian dollar is presently trying to rally and stay above the support level at 0.9300 after its sharp fall in recent hours which saw it move from near 0.9400...

EUR/USD: Longer-term charts suggest potential for a sizeable retracement over coming weeks, but near-term has also found support to suggest retracement. Medium-term trend is clearly bearish.

I have suspected the weekly charts are amid a topping pattern but the daily timeframe has provided few clues to back this up. However recent price action suggests this is quickly changing.Home...

EUR/USDOpen 1.3393 High 1.3416 Low 1.3366 Close 1.3394On Wednesday the EUR/USD decreased with 50 pips. The European currency depreciated from 1.3416 to 1.3366 yesterday, matching the negative money...

BIAS: While 1.6927-32 caps we should see further losses to 1.6844-72 - take careResistance: 1.6927-32 1.6954 1.6965-75 1.6993Support: 1.6905 1.6888 1.6872 1.6844-57MAIN ANALYSIS: Losses did move down...

I began the day thinking that, perhaps, we’d see a new high in the Dollar with classic Dollar bearish divergences and all would be well with the world. Well yes, we did see a new high,...