Forex Opinion & Analysis

GBP/USD The pair trades in near-term corrective mode after posting marginally higher high at 1.5961 on Monday. Reversal was so far contained at 1.5887, 55DMA / 38.2% of 1.5775/1.5961 upleg. And, just...

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...

GBPJPY – Pullback Level Holding Yesterday in our weekly market commentary we suggested looking for taking long signals off of 157. Today the pair hit a low of 156.93 and has now shot up over 80...

The Australian dollar looks to extend higher and targets .9520 this weekA robust Monday rally after resilient consolidation to end last week to better push through our target area at .9315/45 June/...

EUR/USD: European SessionThe pair dropped yesterday in an attempt to close the price gap that started at the beginning of this week. As shown on graph, the pair is stale above 23.6% correction at...

GBP/USD Open 1.5897 High 1.5963 Low 1.5865 Close 1.5891On Monday the GBP/USD continued increasing with almost 100 pips. The Cable appreciated from 1.5865 to 1.5963 yesterday, in line with the positive...

EUR/USDEuropean Union lawmakers will probably have to amend the rules governing the European Central Bank as it embarks on the complex task of regulating banks, according to the Bundes bank. Starting...

The Australian dollar traded lower against U.S dollar following the release of minutes from the Reserve Bank Australia’s most recent monetary policy meeting. The central bank kept he cash rate...

Autochartist recently identified the Key Resistance level 97.66 (of the type Approach) on the daily CAD/JPY charts – as you can see from the following trade opportunity alert for this currency...