Forex Opinion & Analysis

GBP pulled to new highs for the cycle against the US dollar after the Bank of England indicated it would stop the funding-for-lending scheme in 2014 for mortgage-based lending and would instead focus...

AUD/USD is again at the lows but we see very slow and choppy price action at the lows so we suspect that wave B), which is a corrective leg, is still unfolding. A strong bullish divergence on the RSI...

U.S. Dollar Rallies Against Yen & EuroThe U.S. Dollar traded to the upside and hit a six-month high against the Yen while advancing against the Euro, as the U.S. market was closed for the...

EUR/USDTrading range: 1.3635 - 1.3535Trend: DownwardSell at 1.3622 SL 1.3654 TP 1.3545 USD/JPYTrading range: 102.45 - 101.55Trend: DownwardSell at 102.35 SL 102.67 TP 101.6 GBP/USDTrading range:...

EUR/USD - European SessionThe pair extended the positive trading, whereas it approached 61.8% correction at 1.3625 – 1.3630. The possibility of extending the upside move is valid today but the...

Some interesting moves over the Thanksgiving holiday in EUR/USD has caused us to close out our longs from 1.3427 for 170 pips + and enter short.Key reason as always is how the Retail Order book is...

GBP/JPY Daily OutlookDaily Pivots: (S1) 166.32; (P) 166.81; (R1) 167.67;The GBP/JPY's rally continues today and reaches as high as 167.89 so far. Intraday bias remains on the upside for 168.11 long...

Cable near enough reached target area of 1.6379 at 1.6375. So, it was close enough for longs to liquidate position and sit back and wait for the next move. Support from Daily Pivot and the short term...

Less liquidity in the FX markets than normal due to the Thanksgiving holiday in the US yesterday, causing the Usd/Jpy to jump to 102.60 and the Eur/Jpy to 139.68 for no apparent reason.Trade Idea...

NZD/USD recently broke the “neckline” of the Head and Shoulders chart pattern that was earlier identified by Autochartist on the daily charts – as you can see from the following...

EURUSD is now testing resistance at 1.3625/30 and is just sitting above the upward sloping trend line at 1.3590 today. This is the last hurdle and a close above 1.3630 today is positive for next week....