Forex Opinion & Analysis

GBPUSD – 1.6820 Buy Setup Now Up Over +150 PipsIn our May 1st commentary, we offered up a buy signal at 1.6820 as we felt trading with the trend was still the play, and we had our level. Sure...

GBP/USDOpen 1.6971 High 1.6997 Low 1.6865 Close 1.6973 On Tuesday GBP/USD increased with 130 pips. The Cable appreciated from 1.6865 to 1.6997 yesterday, in converse with the positive money flow...

AUD/USD solid rebound points to a more bullish shift We highlighted in our last client report that the Friday head fake lower and rebound “continues to reject a shift to a more bearish tone...

The AUD/USD dropped into the April low / trendline following the NFP and rebounded into the 61.8% of the decline today (Tuesday).  If the broader bull move has resumed, then expect...

The next possible resistance is 1.6985 then the 2009 high at 1.7042. A channel confluence is not far above 1.7042. Look into this area over the balance of the week with the understanding that the...

We seem to have had a bit of a turmoil on our forecast for yesterday! Only the GBP/USD and EUR/JPY performed close to our forecast, all the other pairs ended up going in the opposite direction. This...

AUD/USD for Wednesday, May 7, 2014Over the last couple of weeks or so the Australian dollar has fallen back down below the 0.93 level and settled within a very narrow range just below the level before...

Pre-market update:Asian markets traded 0.5% lower.  European markets are trading -0.7% lower. US futures are trading 0.1% lower ahead of the market open.  Economic reports due out (all times...

The EUR/USD pair is trading above the upward trend line on a 4 hour time frame. The price has pierced the Bollinger band. The piercing of the Bollinger band does have a significant importance when...

USD/JPYPrice action exhibits a potential H&S Top inside and, an unconfirmed bullish continuation triangle. They can't both be confirmed, so one must be eliminated - and that may happen sooner than...

AUD/USD (daily chart shown below) has rallied from key support around the 0.9200 level during a general US dollar sell-off in early Tuesday trading.This major 0.9200 support level, last hit a month...

EUR/USDOpen 1.3924 High 1.3952 Low 1.3871 Close 1.3926On Tuesday the EUR/USD increased with 80 pips. The european currency appreciated from 1.3871 to 1.3952 yesterday, matching the positive money flow...

BIAS: While 0.9319-24 supports we should see gains to 0.9374, at the very least. Resistance: 0.9367-74 0.9390-99 0.9420-25 0.9440Support: 0.9319-24 0.9302 0.9270-85 ...