Forex Opinion & Analysis

Main scenario:A rebound from the strong resistance level at 1.6125 could created a pair correction, and that is possible at the support level of 1.6040. Being that the market is trading now between...

GBP/JPY Daily OutlookDaily Pivots: (S1) 158.11; (P) 158.68; (R1) 159.35;The GBP/JPY continues to stay in tight range below 159.98 temporary top and intraday bias remains neutral for the moment. Some...

The Yen strengthens mildly in Asian session on higher than expected inflation data. National CPI core rose to 0.8% yoy in August, up from 0.7% yoy, versus consensus of being unchanged at 0.7% yoy....

EUR/USD Today’s support: - 1.3467 and 1.3449(main),where correction is possible. Break would give 1.3432, where correction also may be. Then follows 1.3413. Break of the latter would result in...

The strong bullish trend that started on 19th appears to have stalled, with a potential top of around 1.257. This rally can be regarded as a technical pullback from the post FOMC drop, and given this...

Another choppy day for the dollar saw yo-yo price action for the USD% index with overall strength not from the great Unemployment Claims number (they still have counting problems in California so the...

XAU/USDSpot Gold remains in a sideways mode with fresh strength above the 1330 range top, and was unable to clear 1340 with a Fibonacci at 50% of the 1374/1305 descend. A subsequent slide was...

AUD/NZDThe cross came under increased pressure as fresh weakness extended pullback from 1.1393 recovery high to 1.1248, retracing 76.4% of 1.1203/1.1393 upleg. With bulls returning to play on lower...

USD/JPYThe pair came under pressure again as repeated failures to clear 99.00 barrier and trendline resistance and pushed the price lower. With near-term indicators holding in the negative territory...

GBP/USDCable regained strength on a bounce above 1.6100 barrier, after leaving higher low at 1.6000 and establishing near-term uptrend off 1.5953, 24/09 low. Break above consolidation top at 1.6094,...

EUR/JPYThe pair trades in an extended consolidative phase off fresh low at 132.68, posted on 24/09, with upside attempts being capped just under the psychological 134.00 barrier. Near-term studies are...

EUR/USDThe euro remains in a sideways mode holding within 1.3460/1.3536 range, with hourly structure being negatively aligned and 4-hour studies losing traction. The downside is for now protected at...

AUD/USD is in a bearish reversal mode since last Friday when market completed a five wave recovery at 0.9528. As such, the contra-trend reaction has unfolded in three waves which has been expected as...

TodaySo far a rather quiet week with little substantial price action continued today despite a couple of good risk events. Feels like we are back into August trading again.At the moment most pairs...