Forex Opinion & Analysis

BIAS: Feel we should expect a complicated and long correction from around 1.3649Resistance: 1.3670 1.3690 1.3715-25 1.3755-65Support: 1.3649 1.3633 1.3619 1.3597MAIN ANALYSIS: The decline finally...

The GBP/USD is trading below the 50 day (shown in green) moving average on a 30 minute time frame. The immediate support zone for the price could be near the 1.6243 which is mentioned below. The CCI...

The U.S. dollar stayed near a five-year high around the 104 yen line Thursday in Tokyo after having jumped there on the U.S. Federal Reserve's decision the previous day to begin cutting back on its...

AUD/USD (daily chart) has dropped below its August 0.8850-area low to establish a new three+ year low.The pair fell slightly below this 0.8850 level, which was its previous downside support objective,...

Talking Points Prices are testing resistance in the 104.23-39 area (channel top, 23.6% Fib exp.) A break higher initially targets 105.30 (38.2% Fib expansion) Back below support at 103.73 (May 22...

EUR/USDEUR/USD’s 1.38 handle in the wake of the Fed's QE taper proved short lived, as a mixture of profit-taking and USD-dominance pushed the pair a full 150pips lower over approximately 12...

EUR/USDInfluenced by the news, Euro reached new maximum and started forming new descending structure. Market reached minimum of this correction. We think, today price may start forming another...

The USD/CHF pair shot straight higher during the session on Wednesday as the FMOC has announced that it will begin to taper off of the bond purchase program. This is tantamount to quantitative easing...

The Japanese yen took a hit on Wednesday, losing about 160 points against the surging US dollar. This sharp drop followed the announcement that the US Federal Reserve would begin tapering its QE...

The Fed took the market by surprise again by announcing the $10bn taper to asset purchases to start from January. This could perhaps have been the reason stocks have not slid yet because the start of...

EUR/USD dropped sharply late Wednesday, as the pair shed over one cent following the news that the Federal Reserve would scale down its QE program by $10 billion a month, starting in January. The euro...