Forex Opinion & Analysis

XAU/USD Spot Gold lost ground and fell sharply, after loss of initial support and near-term consolidation floor at 1234, accelerated bears through 1226, 25/11 previous low. Losses dipped to 1217 so...

AUD/NZD The cross came under strong pressure, as reversal from 1.1222 upside rejection, and cracked the 1.1110/1.1100 support zone signaling resumption of larger bear-trend with fresh low posted at...

AUD/USD The pair came under increased pressure after recovery rally stalled ahead of important 0.9200 barrier and subsequent pullback through 0.9100 support, fully retraced 0.9054/0.9167 corrective...

USD/JPY The pair maintains positive tone, as fresh extension of the upleg from 101.13 cracked psychological 103.00 barrier and posted new high at 103.36, en-route towards key resistance and...

GBP/USD Cable dipped about hundred pips on a corrective pullback from yesterday’s fresh high at 1.6441 and found temporary footstep at 1.6340, 4-hour 20DMA where near-term basing attempt is...

EUR/JPY The pair remains well supported and ticks above near-term consolidation range top at 139.69, to approach the psychological 140.00 barrier. Near-term studies are positive, however, overbought...

The main economic news during the Asian session was out of Australia, with various headlines and data giving the Aussie a rollercoaster ride.Australian retail sales were better-than-forecast, lifting...

The Aussie could not push through 9170 and as such was left weaker. Now we have hit excellent support at 9060/55 area at 9057 and I know it is quite difficult but as this is such an important level we...

GBP/USD Open 1.6357 High 1.6444 Low 1.6341 Close 1.6351On Monday the GBP/USD decreased with 100 pips. The Cable depreciated from 1.6444 to 1.6341 yesterday, in line with the negative money flow...

USD/JPY eyes 103.75 cycle high and above to long term target, 105.60We stated in our reports late last week that “the bias is still to 102.50 this week and to the cycle high at 103.75 into...