Forex Opinion & Analysis

GBP/USD is just holding above trend line support at 1.5895/85. However the outlook is quite negative so a break lower today should target Fibonacci support at 1.5850/35. A bounce from here is possible...

EUR/USD held support at 1.3325/20 and returned to 1.3350/55 as expected but not quite as far as 1.3375/80, topping at 1.3370. We can use 1.3370/80 as a selling opportunity today with stops above...

EUR/GBP is holding steady and looking at the daily chart. We can see we are oversold and therefore in the not too distant future this pair is going to make a move topside.As long as we hold above...

NZDUSD surge aims for .8295 next, with risk still higherThe break above the 50% retrace/ 200-DMA, .8180/85 completed a more sustainable base and re-energized bullish risk for a more notable recovery...

The EUR/USD opened yesterday with a big bullish gap that was a result of Summers’ decision to not participate in the race for the FED Chairman position. Summers was considered hawkish so his...

The USD/JPY has some difficulties in continuing the upswing which was started in the beginning of September, triggered by the bullish breakout from the long-term triangle formation. Till the 11th of...

The USD/JPY stays in a upward price channel on the 4-hour chart, and remains in uptrend from 95.81. The fall from 100.60 could be treated as consolidation of the uptrend. As long as the channel...

Market Review - 17/09/2013 22:24GMT The single currency rose against other currencies in European session on Tuesday after the release strong German ZEW economic sentiment. However, the euro pared...

The market expects a $10billion reduction in asset purchases to be announced by the Fed tomorrow, however the Fed are between a rock and a hard place. They need to begin reducing asset purchases...

Near Term EUR/USD OutlookThe market continues higher from the Sept-6 low at 1.3105. Though there is no confirmation of even a shorter term top so far (5 waves down on nearer-term chart for example),...

USD/CAD is not showing much movement in Tuesday trading. In the North American session, the pair is trading just below the 1.03 line. The markets are eagerly awaiting the FOMC Statement, which will be...

Part of me thinks I'm jumping the gun here a bit, and should wait for more signs that the uptrend is in place. But at least for now, the setup meets my requirements, so I'll stick with my plan until...

AUD/USD has posted modest gains against the US dollar in Tuesday trading. The pair is trading in the mid-0.93 range in the European session. Earlier, minutes of the RBA’s last policy meeting...

Currency markets are slowing down in anticipation of a major risk event of the year, which is the much anticipated Federal Open Market Committee announcement on Wednesday. Many investors are focusing...