Forex Opinion & Analysis

The USD/JPY pair has bounced from its support zone, as provided in Friday's analysis. The price action has also completed its predicted symmetrical triangle pattern. In our analysis we mentioned that...

THE GBP/USD pair is trading in its major resistance zone (mentioned below) which could reverse/pause this uptrend. The price action is also approaching the upper line of the rising channel, which...

USD The dollar fell on Friday after 1st quarter GDP undershot expectations, coming out at 2.5% versus the 3.0% forecast. Overall, the figures showed a gain on the previous year when Q1 growth was only...

The EURUSD pair is approaching its minor resistance level on a 30 minute time frame. The price is also piercing the Bollinger Band® .The price may extend this piercing for it to enter in the minor...

The aussie has abruptly reversed its downtrend, and looks poised to begin rising again. There may even be an inverted H&S pattern at the lows visible on the 4-hour chart, with a neckline at...

Market Drivers April 29, 2013Euro trades higher post establishment of new Italian governmentEZ Retail PMI data shows consumers in deep funkNikkei closed Europe up 0.3%Oil $93.21/bblGold...

The EUR/USD pair has surged up this morning, and a continuation higher is favoured. Surpassing the 1.3092 highs was a strong bullish sign, reversing the progression of peaks and troughs. A decisive...

At the end of Friday’s session, bulls managed to pull prices up above the 38.2 Fibonacci level that was an important level in the previous week. That could have been a positive sign, and buyers...

Market CommentaryThe Dollar Index (DX) is trading near 82.40, midway of the medium term trend range bound between 83.40 and 81.80 formed during last couple of months. The bias is negative. Historic...

The austerity driving reforms across Europe appear to be coming to an end with Silvio Berlusconi once again back in the limelight in Italy and an investment accord between Germany and France focusing...

The U.S. Dollar declined against most of its Forex counterparts following a release which revealed that the world’s biggest economy grew less than anticipated during the first three months of...

GBP/JPY Daily OutlookDaily Pivots: (S1) 150.76; (P) 152.09; (R1) 153.06;Intraday bias in GBP/JPY remains mildly on the downside for 149.97 and below as consolidation from 153.86 extends. Downside...