Forex Opinion & Analysis

EUR/USD - European SessionThe pair approached 113% correction at 1.3835 levels shown on graph and is trading close to it now. Breaching this level is required to push the pair further to the upside...

We end this week with arguably the most important data of the past five days for the UK with the publication of the preliminary estimate of GDP for Q3. Survey data from the three-month period was...

EUR/USDThe euro briefly reversed gains after an index based on a survey of purchasing managers in the euro area manufacturing and services industry dropped in September. The dollar slid to a two year...

News & EventsThe dollar index holds near 9-month low as it seems more and more possible for FED to hold asset purchases as they currently stand, until late Q1 2014. EURUSD not much off...

USD/CAD recently broke above the upper resistance trendline of the 4-hour Triangle chart pattern that was previously identified by Autochartist – as can be seen from the following trade...

General Market Commentary: Frothy markets returned yesterday as exchanged rate spiked in tight ranges for most of the day, but in general USD weakness continued and we expect it to continue. The US...

GBP/JPY Daily OutlookDaily Pivots: (S1) 157.02; (P) 157.61; (R1) 158.17;Intraday bias in the GBP/JPY remains mildly on the downside as fall from 159.52 temporary top is in progress for 154.72 support....

As usual, here are a few more observations from Yesterday's developments. The charts display the day's support and resistance from the daily report issued around 2am-3am GMT and last for the rest of...

Today saw a bumpy day for most pairs although the dollar firmly held flat overall. Key levels in the GBP/USD and EUR/USD were met although there remains a test of key levels in the USD/CHF to complete...

GBP/USD headed lower as predicted but broke 1.6170/6165 to retest Monday's low at 1.6119/12. We saw a bounce from here but the double top pattern is still intact keeping the outlook negative and if we...