Forex Opinion & Analysis

The EUR/USD pair has pulled back to fill the gap opened yesterday morning, and after almost filling it has now started to rise again. It is probably resuming the short-term up-trend which remains...

Monday’s rebound from the gaps paints quite a significant picture. Had it not been the day before FOMC then it’s significance would have been reduced but the closure of most of the gaps...

USD/JPY Open 99.06 High 99.39 Low 98.39 Close 99.02On Monday the USD/JPY decreased with 100 pips. The currency couple depreciated from 99.39 to 98.39 yesterday, matching the negative money flow...

The Australian Dollar was mostly stronger through the European session as AUD/USD appreciated to US$ 0.9334, EUR/AUD improved to A$ 1.4356, AUD/JPY rallied to ¥92.65, and GBP/AUD bettered to A$...

XAU/USDSpot Gold remains under pressure as fresh extension lower ticked closer to the psychological 1300 support. With no significant changes seen in past few sessions a consolidative phase is...

AUS/USDThe Aussie erased Monday’s gains that peaked at 0.9392 and turned in defensive mode, mainly being driven by fundamentals. Dips found footstep just below the 0.9300 support for now, with...

USD/JPYThe pair recovered over 38.2% of 100.60/98.44 fall, as bounce from 98.44 filled Monday’s gap and reached so far 99.35, with 99.00, now acting as immediate support. Hourly studies turned...

EUR/JPYThe cross remains in a sideways mode, trading within narrowed 131.87/132.41 range after pullback from the 133.35 peak found footstep at the 131.60 zone. Hourly studies are turning positive, and...

The Aussie has been grinding higher and yesterday in Asia we saw it hit .9400 which was just off our .9432 target from a few weeks ago. Since the currency has nearly reached its short-term technical...

EUR/USDThe euro remains steady ahead of the Fed tomorrow and consolidates after fresh rally that peaked at 1.3384 on Monday. Pullback has so far found support at 1.3320, the previous high and hourly...

EUR/USD hit our next target of 1.3375/80 and topped exactly here. Good support at 1.3325/20, also held profit taking as predicted and we bottomed exactly here. However the outlook is quite negative so...

GBP/USD topped at 1.5963 and fell back to support at 1.5895/85 which has held the downside as expected so far at least. However the outlook is quite negative so a break lower today should target trend...

USD/JPY recovered above support at 98.76/70 and has beaten resistance at 99.15 as we look to 99.45/50 for a selling opportunity with stops above 99.75. We can then try shorts again at 99.95/100.05...