Forex Opinion & Analysis

Monday’s forecast went in our direction for the most part. There were a few issues with the oceanic pairs as they seems to have broken out of range and picked a new direction. At the moment the...

The pair is trading along an uptrend.The uptrend may be expected to continue while the pair is trading above the support level of 1.5640, which will be followed by reaching the resistance level of...

EUR/USDThe pair is trading along an uptrend.The uptrend may be expected to continue while pair is trading above support level of 1.3380, which will be followed by reaching resistance level 1.3450.An...

XAU/USDSpot Gold holds overall positive tone as a corrective pullback from a fresh high at 1384. Found footstep at 1352, near strong support at 1351/47 50% of 1318/1384 ascend / previous high of...

The Aussie dollar came under increased pressure, following double-failure at 0.9220/32, where a double-top has been formed. Subsequent pullback that broke below near-term base at 0.9060 zone, retraced...

The pair extended near-term downtrend from 98.64 high with an important support at 97.00 being cracked. A fresh weakness tested 96.90, Fibonacci 61.8% retracement of 95.78/98.64 rally, increasing...

EUR/JPYThe 131 barrier that was tested on Wednesday, following spike to 129.27 that briefly broke below near-term range floor at 129.40.Fresh rally bring hourly indicators in the positive territory...

Despite euro's marginal gain above yesterday's top at 0.8573 to 0.8578, subsequent retreat suggests consolidation with downside bias is seen for weakness to 0.8539/42.However, reckon price would hold...

The Euro completed two-month cycle and fully retraced 1.3414/1.2754 downleg on break above 1.3414, 16/06 high. Extension higher also confirms formation of triple-bottom, seen on a weekly chart that...

European Session: EUR/USDThe pair managed to move to the upside and is currently stable above Linear Regression Indicator 34 and 55 supporting the possibility of extending the upside move. Trading...

Daily Outlook: GBP/JPYDaily Pivots: (S1) 151.69; (P) 152.39; (R1) 153.06; With 151.19 minor support intact, further rise could be seen as consolidation from 147.10 continues. But, the pattern from...

GBP/USD Open 1.5663 High 1.5696 Low 1.5627 Close 1.5662On Tuesda GBP/USD increased with 70 pips. The Cable appreciated from 1.5627 to 1.5696 yesterday, in line with the positive money flow sentiment...