Forex Opinion & Analysis

EUR/USDTrading range: 1.3320 - 1.3395Trend: NeutralBuy at 1.3334 SL 1.3302 TP 1.3384USD/JPYTrading range: 99.25 - 98.60Trend: NeutralSell at 99.14 SL 99.46 TP 98.69GBP/USDTrading range: 1.5560 -...

XAU/USDSpot Gold maintains positive tone, as price bounced from $1,352, higher base cracked the upper boundary of 1352/79 range. Positively aligned near-term studies and firm bulls on daily chart,...

AUD/NZDNear-term structure remained positive, as the price eventually broke above pivotal 1.1500 barrier, with 76.4% of 1.1638/1.1197 downleg being retraced on extension to 1.1540 so far. Confirmation...

AUD/USDThe Aussie remains under pressure as fresh extension of downleg from 0.9332 peak retraced 76.4% of 0.8846/0.9332 ascend. Brief corrective action sees not much upside potential, as near-term...

USD/JPYThe pair remains well supported and extended recovery rally from 96.90 low, through key near-term barrier at 98.64, 15/08 high. This also confirms higher base at 97 zone, with positive...

EUR/JPYThe pair continues to trend higher with fresh extension of the upleg from 127.30 higher platform, through 131.95 previous high, cracking bear-trendline connecting 133.78/132.72 peaks. Bullish...

Fundamental Bulls vs Technical Bears – Winner: Technical Bears. In the latest round of eternal struggle between reason and market sentiment, market sentiment wins yet again. EUR/USD rallied...

GBP/USD Open 1.5589 High 1.5632 Low 1.5561 Close 1.5585On Thursday GBP/USD decreased insignificantly with 70 pips. The Cable depreciated from 1.5632 to 1.5561 Thursday, in line with the negative money...