Forex Opinion & Analysis

Starting with Monday the 23rd June. We start the trading week in the U.S. with the release of May’s Existing Home Sales figures. Sales of previously owned U.S. homes rose in April for the first...

EUR/USDCurrent level - 1.3593 A new test of the 1.3560 zone is possible after which another move on the upside is expected. The first major resistance is 1.3660-70. USD/JPYCurrent level - 101.97 In...

AUD jumped to attention again after a strong flash HSBC China manufacturing survey overnight suggests Chinese manufacturing is moving back into expansion. There is endless anecdotal counter-evidence...

EUR/USD The pair witnessed a limited attempt to the upside last week, but is still stable above 38.2% correction of the bullish wave that started from 1.2756 reaching the top 1.3996. Stability above...

GBP/JPYDaily Pivots: (S1) 173.41; (P) 173.75; (R1) 173.96; With 172.80 support intact, further rise is expected in the GBP/JPY for 174.84 key resistance. At this point, we'd remain cautious on strong...

US New Home Sales measures sales of new homes and is a reflection of the risk sentiment of the housing market. If we get a strong release today, it would be very positive for the USD, but if we were...

EUR/USDRisk reward: 1.37Trend: DownSell at 1.3614 SL 1.3646 TP 1.3570USD/JPYRisk reward: 1.00Trend: NeutralSell at 101.96 SL 102.28 TP 101.64GBP/USDRisk reward: 1.47Trend: DownSell at 1.7050 SL 1.7082...

EUR/USD The euro regains levels above 1.36 handle after leaving higher low at 1.3585, part or recovery leg from 1.3563. Hourly studies are gaining traction after corrective-phase off 1.3642, 19 June...

England’s imminent exit from the World Cup will take place tomorrow and with it, we hope to see an end to economic football analogies. Although I will allow myself one more today courtesy of the...

The U.S. Dollar weakened towards the end of Friday even though it managed to erase some of its losses a few days after foreign currency exchange traders were left wondering when the Federal Reserve...

A good start to the week as we have had a really good forecast for Friday with all the 7 pairs conforming to our forecast. Good to see that all the pairs behaved as we had predicted, especially the...

The New Zealand dollar has slowed growth and consolidated over the circular level of 0.8700. Price formed a small "bearish" candle with elongated lower shadow. The blue line on the graph denotes a...

Weakness of the single currency strengthens, that provokes testing EUR/USD 1.3600 key support. The EUR/USD is focused on consumer confidence. In the Eurozone, the key releases are scheduled for today:...

AUD/USD re-energizing bullish pressures An outside pattern has already been seen on Monday (likely bullish?) after a robust rally and bullish outside pattern last Wednesday, defending our flagged...