Forex Opinion & Analysis

Today's forecast, 02/05/13The pair is trading along an downtrend.An uptrend (correction) will start from support level 1.3465, which will be followed by moving up to resistance level 1.3585.The...

Dollar Sanguine after Second Biggest EUR/USD Drop in 6 MonthsThe dollar found itself in exactly the opposition position it was in this past week. Where the EUR/USD diverged from a broadly strong...

GBP/JPY Daily OutlookDaily Pivots: (S1) 144.99; (P) 145.79; (R1) 146.40;With 4 hours MACD crossed below signal line, a temporary top is formed at 146.60 in GBP/JPY and intraday bias is turned neutral...

GBP/USD Open 1.5759 High 1.5773 Low 1.5678 Close 1.5756On Monday Pound/Dollar increased with 95 pips. The Cable appreciated from 1.5678 to 1.5773 yesterday, in converse with the negative money flow...

24 hours back, we were still observing bullish counts on EUR/USD, but sharp fall invalidate it, which means that something is changing. Notice that pair reversed from its highs clearly in impulsive...

EUR/USDThe euro stayed lower versus the yen, maintaining yesterday’s drop which was the biggest since June, amid corruption allegations against Spanish Premier Mariano Rajoy and uncertainty...

The January read on the UK Services PMI will deliver fresh clues for analysing the next phase for Britain's struggling economy, followed by an update on retail sales for the Eurozone, and the January...

AUDUSD performed its nineteenth nervous reversal on Friday, with a fake break below 1.0380 that was quickly reversed. Time for an RBA cut and a move through the 200-day moving average? The RBA is up...