Forex Opinion & Analysis

GBP/CHF recently reversed down from the upper resistance trendline of the 4-hour Rising Wedge chart pattern that was earlier identified by Autochartist – as you can see from the following trade...

EUR/USDRisk reward: 1.28Trend: UpBuy at 1.3611 SL 1.3579 TP 1.3652USD/JPYRisk reward: 1.28Trend: UpBuy at 101.56 SL 101.24 TP 101.97GBP/USDRisk reward: 1.87Trend: DownSell at 1.7147 SL 1.7179 TP...

The U.S. Dollar traded steady, but declined against a number of Forex majors as investors await the Federal Reserve’s most recent monetary policy meeting minutes. The greenback strengthened...

For the 24 hours to 23:00 GMT, the AUD strengthened 0.16% against the USD to close at 0.9373.LME Copper prices rose 0.5% or $34.5/MT to $ 7155.0/MT. Aluminium prices rose 0.9% or $16.5/MT to $...

For the 24 hours to 23:00 GMT, the USD rose 0.28% against the CAD to close at 1.0683.Yesterday, leading ratings agency, Moody’s Investors Service downgraded its outlook on the Canadian banking...

For the 24 hours to 23:00 GMT, the USD declined 0.18% against the CHF and closed at 0.8933.Earlier during the day, the Swiss France came under pressure after the Swiss consumer price inflation...

For the 24 hours to 23:00 GMT, the GBP fell 0.12% against the USD and closed at 1.7134, after disappointing industrial and manufacturing data from the UK. The industrial production in the UK declined...

For the 24 hours to 23:00 GMT, the EUR rose 0.14% against the USD and closed at 1.3607, as an official report revealed that German trade surplus widened more than market expectations for May, even as...

The GBP/USD dipped below Thursday's low at 1.7097/92 but recovered above 1.7125/20 to show bulls are still in control of any profit taking. If we can hold above here this could allow a retest of the...

GBP/USDOpen 1.7128 High 1.7149 Low 1.7084 Close 1.7129On Tuesday the GBP/USD continued decreasing with 65 pips. The Cable depreciated from 1.7149 to 1.7084 yesterday, in line with the negative money...

EUR/USD Open 1.3611 High 1.3623 Low 1.3587 Close 1.3609On Tuesday Euro/Dollar increased insignificantly with 30 pips. The European currency appreciated from 1.3587 to 1.3617 yesterday, matching the...

We seem to have had a good forecast for yesterday with 4 out of the 7 pairs conforming to our forecast, especially the EUR/USD, GBP/USD, USD/CAD and USD/CHF. The Oceanic pairs didn’t make any...

As we search for trade ideas to add to our FX portfolio it is difficult not to be drawn to the US Dollar and its role it could potentially play in reviving the volatility in the markets.The past few...

EUR/GBP held resistance at 0.8033 to trade back below the 0.80 level and reach out 2nd target. Where to from here?SUMMARY:- Bearish targets remain 0.788 and 0.784- An upside break of 0.796 may...