Forex Opinion & Analysis

GBP/USDOpen 1.6766 High 1.6877 Low 1.6742 Close 1.6765 On Wednesday the GBP/USD decreased significantly with 125 pips. The Cable depreciated from 1.6877 to 1.6752 yesterday, in line with the...

GBP/USD bearish bias for 1.6715 and 1.6660A shift from a bullish to neutral to now bearish short-term tone after the significant sell off back from psychological 1.7000.This has been signaled by...

GBP/JPYDaily Pivots: (S1) 170.17; (P) 171.25; (R1) 171.92; Intraday bias in the GBP/JPY remains on the downside for 169.50 support. As noted before, consolidation pattern from 174.84 is expected to...

EUR/USDRisk reward: 1.59Trend: DownSell at 1.3722 SL 1.3754 TP 1.3671USD/JPYRisk reward: 1.47Trend: DownSell at 101.85 SL 102.17 TP 101.38GBP/USDRisk reward: 2.09Trend: Strong DownSell at 1.6778 SL...

EUR/USDEuro rose to the highest level in a week against the U.S. dollar on prospects Federal Reserve Chair Janet Yellen will underscore expectations that the central bank will maintain stimulatory...

Autochartist recently identified the Pennant chart pattern on the 4-hour EUR/USD charts – as you can see from the following trade opportunity alert for this currency pair. EUR/USD is expected to...

For the 24 hours to 23:00 GMT, the AUD strengthened 0.13% against the USD to close at 0.9374.LME Copper prices rose 1.3% or $92.0/MT to $6976.5/MT. Aluminium prices advanced 1.1% or $18.5/MT to...

For the 24 hours to 23:00 GMT, the USD declined 0.18% against the CAD to close at 1.0889.The Canadian Dollar posted gains yesterday, on the back of rise in commodity prices. Meanwhile, on the economic...

For the 24 hours to 23:00 GMT, the USD weakened 0.39% against the JPY and closed at 101.84, as escalating tensions in Ukraine bolstered the demand-prospect of the safe-haven Japanese Yen.In a...

For the 24 hours to 23:00 GMT, the GBP fell 0.37% against the USD and closed at 1.6768, after the BoE Governor, Mark Carney played down speculations for an earlier-than-expected interest rate hike in...

For the 24 hours to 23:00 GMT, the EUR rose 0.07% against the USD and closed at 1.3715.Yesterday, earlier during the day, the Euro came under pressure after Euro-zone’s industrial production...

After its huge impulsive sell off, the EUR/USD is currently taking a breather at the 1.3700 zone, a major support level. I would like to draw your attention to the fact that price action is in a...

The euro exchange rate against the U.S. dollar remains under pressure, with the next step down after a brief consolidation, probing psychological support levels below 1.37. Technical indicators...

We seem to have had a bit of a turmoil on our forecast for yesterday with only 3 out of the 7 pairs conforming to our forecast. The US Dollar did end up being weak but not as much as we had expected,...