Forex Opinion & Analysis

The pair lost traction and slid to 97.00 support zone, after recovery rally from 95.78 stalled at 98.64, just ahead of 100DMA and daily Ichimoku cloud base. Failure to extend recovery to trendline...

Cable resumed larger uptrend from 1.4812 low, after completing 1.5573/1.5420, near-term corrective phase. The price closed on Thursday above 1.5600 after leaving higher low at 1.5420, clearing 200DMA...

The pair’s near 0-term price action showed no significant changes, compared to the previous session, as the price is entrenched within 129.41/130.71 consolidative range. Hourly studies are in...

The Euro regained strength and rallied strongly from 1.3205, a daily low, where the fall from 1.3300 zone found support. Retracement of over 61.8% of 1.3399/1.3205 corrective pullback, signals an end...

GBP/USD Open 1.5637 High 1.5653 Low 1.5503 Close 1.5634On Thursday Pound/Dollar continued increasing with 150 pips. The Cable appreciated from 1.5503 to 1.5653 yesterday, in line with the positive...

Thursday’s forecast headed in our direction for the most part, in fact all the pairs behaved very very close to what was thought possible. US Dollar has been weak for sometime but has been...

GBP/USD for Friday, August 16, 2013The GBP/USD has reversed well over the last couple of days to surge higher through the resistance level at 1.56 to a new two month higher around 1.5650. It moved...

AUD/USD for Friday, August 16, 2013The AUD/USD has reversed strongly over the last couple of days moving back towards and below 0.91 however it has held up well over the last couple of days receiving...

EUR/USD for Friday, August 16, 2013The Euro has reversed and surged higher in the last 24 hours pushing through the resistance at 1.33 again and in recent hours, consolidating right around 1.3350....

Dollar: Why is the Greenback Quiet on a Huge S&P 500 Break?This past session was incredible for both the US dollar and broader financial markets. Indisputably, the most remarkable development was...