Forex Opinion & Analysis

EUR/USD - European SessionThe pair dropped in response to the bearish harmonic Bat Pattern and touched the first target of it represented in 38.2% correction of CD Leg at 1.3655 levels. Breaking the...

The Federal Reserve last night decided that they are comfortable enough to start reducing the rate of asset purchases and stimulus into the US economy. We had, and still have, fears over the...

EUR/USDThe euro edged lower against the dollar on Wednesday in steady trading as investors remained in standby mode ahead of the release of the Federal Reserve's statement on monetary policy and the...

Trading seems subdued and currencies are in a tight range as the market is awaiting the outcome of the FOMC meeting later on in the day. The market will be waiting to see if the FED will announce the...

EUR/USD recently broke above the key resistance level 1.3650 that was previously identified by Autochartist on the daily charts. Following the breakout of this resistance level – the pair rose...

The U.S. Dollar traded mixed ahead of the Federal Reserve’s policy decision. It gained against the Yen as reports out of Japan indicated a rise in the Trade Deficit, thereby reducing demand for...

GBP/USD Open 1.6380 High 1.6486 Low 1.6270 Close 1.6386On Wednesday Pound/Dollar increased with 125 pips. The Cable appreciated from 1.6270 to 1.6486 yesterday, in line with the positive money flow...

USDCAD aims to (through) 1.0805/54 targetsThe bullish outside Thursday bounce last week, from flagged support at 1.0555 set up a bullish extension risk into this week and latter Dec. We have recently...