Forex Opinion & Analysis

Aussie slammed lower and has hit exactly the 9221 medium term target, sadly it has done it in 2 days but the thought was there. So now we have hit 9221 what happens next. 9221 is a massive support...

Here are a few more observations of yesterday's developments. The charts display the day's support and resistance from the daily report issued around 2am-3am GMT, and last for the rest of the day....

Bernanke yesterday reiterated that the Fed is prepared to increase or decrease the pace of its bond-buying as the outlook for labour and inflation change. However, citing the diminished labour market...

EUR/GBP came lower as expected and hit our target area. Now we are seeing a small corrective bounce and the daily pivot of 8544 has basically held the overnight high. If Europe takes the market higher...

Wednesday’s forecast went in our direction for the most past, in fact except for two pair all other pairs behaved as we thought it would. There were some strong moves towards the end of the...

EUR/USDTrading range: 1.3280 - 1.3180Trend: DownwardSell at 1.3268 SL 1.3300 TP 1.3191USD/JPYTrading range: 96.70 - 97.65Trend: UpwardBuy at 96.82 SL 96.50 TP 97.54GBP/USDTrading range: 1.5470 -...

Dollar Rallies after Fed’s Bernanke Lays Out Taper TimetableAs the market had expected / feared, the Federal Open Market Committee (FOMC) clarified its intentions to Taper stimulus in the near...

AUD/USD technical bears would be loving every single moment right now. Price was already in a bear trend as seen from this week’s get-go: Consecutive lower highs from June 14th, affirmation of...

Finally, Euros came lower after failing just prior the 1.3425 resistance. We held our breath as 1.3418 traded but like all good technical traders, walked away and let the charts take care of the...