Forex Opinion & Analysis

Our previous forecasts headed in our direction for the most part, especially the GBP/USD and EUR/JPY. The other pairs also behaved close to prediction and turned around leaving only tails as a tell...

The curious case of Bitcoin and the associated rise of electronic currency has rekindled money and wealth discussions. It has also given rise to the re-birth to a libertarian cyberpunk ideology. In...

One of the biggest questions in the forex market was answered this week. It was never a will the Fed taper? As Bernanke assured the markets the Federal Reserve would. The unanswered question was:...

GBP/USD for Friday, December 20, 2013The GBP/USD has continued its slide from the last week and reached a three week low but at the same time it has returned to a likely support level at 1.6250 which...

AUD/USDThe Australian dollar has been able to rest for the last 24 hours or so after falling sharply the previous day down to a three month low near 0.8820. After showing some resilience earlier last...

EUR/USDAfter placing some pressure on the resistance level at 1.38, the euro has since fallen sharply down to its lowest level in two weeks moving back through 1.37 however it has found some solid...

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...

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...

As the Euro hit highs in 2008 and 2011, it appears these peaks influenced the S&P 500 in the months ahead. At these peaks, the Euro became popular, with 70% of investors becoming bullish the...

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...

Currently we are at 0.8174 after the break north of the wedge. We are looking for a bearish continuation to the support area @ 0.8096 and the next target the day chart bottom at 0.8062. The average...