Forex Opinion & Analysis

Bitcoin has lost more than half of its value in the last two weeks, as the virtual currency's trade in China has been restricted.Growing numbers of people had been using Bitcoin (BTC/USD) in China,...

Most of the major currencies continued to consolidate ahead of FOMC but in a few hours, volatility should pick up quickly and aggressively. At 2pm ET / 19 GMT, we will learn if the Federal Reserve...

EUR/USDThe pair finished the session in negative territory with volumes remaining light heading into the Christmas period and FOMC decision later today. This morning saw the release of the German IFO...

GBP/AUDCurrently we are at 1.8380 after the break north of the ascending wedge. We are now looking for a bullish continuation to the 1.270 Fibonacci area at 1.8455. The average daily true range (ATR)...

EUR/USDEuro is still moving inside consolidation channel; market couldn’t form descending structure. We think, today price may continue moving upwards to reach level of 1.3815 and then start new...

On Wednesday, data released by Japan's Ministry of Finance showed that the nation posted a November trade deficit of 1.29 trillion yen ($12.56 billion).The yen weakened for the first time in four days...

USD/JPY has edged higher in Wednesday trading, as the pair is once again close to the 103 level. Taking a look at economic developments, Japan racked up a higher than expected trade deficit in...

USDJPY retested 102.62 as expected & continued lower to our target of 102.44 & bottomed almost exactly here at 102.47. Today we have resistance at 103.02 & we could head lower from...

EUR/USDCurrent level - 1.3771 The trend remains downward, targeting 1.3650. The critical level before that is 1.3740. A key resistance to the upside is 1.3811. USD/JPYCurrent level - 102.96The...

Well, T-Day is finally upon us again and we get to see if the Fed will taper bond purchases or not. We have German Ifo Business Climate, UK Claimant Count Change and Unemployment Rate, along with US...

Last week ended with a head and shoulders formation (red) which pushed the prices lower, below the 103.35 support which had been important for the last two weeks. This created a false breakout pattern...

The EUR/USD, before the FOMC statement, has closed in the side trend located below the recent new mid-term highs. This correction can be locked in the pennant formation (black lines) which is now...

USD/JPY retested 102.62 as expected and continued lower to our target of 102.44 and bottomed almost exactly here at 102.47. Today we have resistance at 103.02 and we could head lower from here....

GBP/USD hit our selling opportunity at 1.6335/40 and topped exactly here. This trade worked perfectly as we collapsed to our lower target and good support at 1.6215 for a buying opportunity. We...