Forex Opinion & Analysis

Weekly ReportEUR/USD The upside move seen last week carried the EUR/USD back within the medium-term ascending channel alongside returning above the Linear Regression Indicators 34 & 55. Stability...

Cable (GBP/USD) aims through 1.6820 for 1.6877A still firm bias, still holding and advancing from the 13-day EMA, now 1.6670, having defended this support on a closing basis over the past two...

The AUD/NZD has been getting a lot attention of US price action traders the last few months dropping some really nice clear cut signals in the monster downtrend which developed. Recently the market...

GBP/JPY Daily OutlookDaily Pivots: (S1) 171.92; (P) 172.74; (R1) 173.46; A temporary top is formed at 173.57 in the GBP/JPY and intraday bias is turned neutral first. Some consolidations would be seen...

The U.S. dollar advanced against most of the Forex majors and retreated from a two-and-a-half-year low against the euro as the Labor Department reported that the number of new jobs created stood at...

GBP/USD for Monday, March 10, 2014The last few days of last week saw the GBP/USD continue to edge higher back towards the short term resistance level at 1.6750.  Just above that level is the...

Asian indices slide on Monday while Yen gained over disappointing Chinese trade data. China’s exports unexpectedly fell 18.1 percent in February from a year earlier leaving a trade deficit of...

Autochartist recently identified the Down Channel chart pattern on the 4-hour GBP/CAD charts – as is shown on the following trade opportunity alert for this currency pair. The price is expected...

On Friday, the AUD weakened 0.45% against the USD to close at 0.9063.LME Copper prices declined 1.8% or $124.0/MT to $6930.5/MT. Aluminium prices edged down 0.1% or $2.5/MT to $1729.5/MT.In the Asian...

On Friday, the USD rose 0.99% against the CAD to close at 1.1097.The Canadian Dollar lost ground against the US Dollar after an official data from Canada showed that the number of employed people in...

On Friday, the USD declined 0.28 % against the CHF and closed at 0.8777.In economic news, on a seasonally adjusted basis, unemployment rate in Switzerland remained unchanged at previous month’s...

On Friday, the USD strengthened 0.25% against the JPY and closed at 103.32.In the Asian session, at GMT0400, the pair is trading at 103.07, with the USD trading 0.24% lower from Friday’s...