Forex Opinion & Analysis

GBP/USD Open 1.5888 High 1.5992 Low 1.5852 Close 1.5902On Tuesday Pound/Dollar decreased with 60 pips. The Cable depreciated from 1.5992 to 1.5852 yesterday, in line with the negative money flow...

EUR/USDTrading range: 1.3465 - 1.3390Trend: NeutralSell at 1.3453 SL 1.3485 TP 1.3403USD/JPYTrading range: 99.35 - 100.00Trend: NeutralBuy at 99.45 SL 99.13 TP 99.90 GBP/USDTrading range: 1.5910 -...

Yesterday we ground higher, reaching 1.3457. Now the short term charts look a little overextended on the topside and as you can see we have nearly reached the short term 76.4% Fib level at 1.3463....

The break through key chart props at 1.5895/85 has signaled a Double top pattern! Surrender here signals a shift to a more negative theme this week and through mid-Nov and favors a more notable...

Market CommentaryUS Dollar Index (DX) is trading flat after hitting interim resistance on 81.60; the Greenback momentum seems to ease off after the Dollar Index (DX) hits the interim resistance of...

The US dollar retraced slightly against the yen in the Asian session but is still hovering near a two-month high. The greenback is being broadly supported by renewed views of Fed tapering after a...

Tuesday’s return to trading desks in the US, France and Canada saw a return to some reasonable volume to get things moving again. UK CPI came in much lower than expected which saw some GBP/USD...

Today was really all about the Pound and the CPI and PPI data out of the UK. Early trading saw the pound take a tumble on an expected lower figure only for that to be confirmed and the pair push...

The suspected H&S pattern itself is prominent and nicely formed, however we are holding above a strong confluence of support which scupper any chances of the bears taking control. However another...

Japan is a global economic powerhouse, and also one of my most favourite currencies to watch as a trader and researcher. Over the last 50 years, the Japanese economy has been transformed heavily and...