Forex Opinion & Analysis

Crude Oil reached its highest level in many weeks as Brent futures traded as high as $109.41 and WTI futures tested $107.03. Oil appreciated after the American Petroleum Institute reported inventories...

The pair consolidates a recent rally that commenced from 95.78 and was so far capped at 98.41, near Fibonacci 61.8% of 99.93/95.78 descend. Positive 4-hour studies favor further upside, however, gains...

Cable’s near-term structure improved, as the price found support at 1.5420, where double bottom was formed. Fresh strength that emerged from here reached levels close to key near-term barrier at...

The pair maintains positive near-term ton, as recovery rally from 127.99 low consolidates near 130.00 handle, following extension to 130.65 so far, with 20/55DMA’s holding the downside....

The Euro enters near-term consolidative/corrective phase, after finding temporary footstep at 1.3230 zone. The pair broke above 1.3232/1.3278 range and cracked 1.3300, psychological / 50% retracement...

USD/CAD reversed sharply to the downside at the end of the last week, clearly in impulsive fashion, so structure is now pointing for weaker USD/CAD if we consider that rally from 1.0243 was made in...

GBP/USD Open 1.5508 High 1.5548 Low 1.5420 Close 1.5493On Wednesday Pound/Dollar increased with 125 pips. The Cable appreciated from 1.5420 to 1.5548 yesterday, in line with the positive money flow...

Another reason why August markets should not be traded! 1.5420 held the downside and buyers grabbed the reins and drove us higher for 1.5560 overnight highs. There is still divergence evident on the...

Wednesday’s forecast headed in our direction for the most part. About two pairs had a few issues as the US Dollar was a bit hard to read, but things seem to be settling down now. US Dollar has...

BIAS: We should remain looking for losses but not yet directly.Resistance: 0.9355-58 0.9377 0.9389 0.9406Support: 0.9321-32 0.9305 0.9280-85 0.9258-66MAIN ANALYSIS: We did see a move up to 0.9367 and...

It was a much more sluggish day than I had hoped for although in retrospect the directness of the gains we have seen, and even higher again in USD/CHF, was perhaps a sign as the 4-hour Price...

GBP/USD for Thursday, August 15, 2013The GBP/USD has reversed well to move back above 1.55 again after spending the last few days moving lower from the resistance level at 1.56. It moved back to the...