Forex Opinion & Analysis

GBP/USD Open 1.5195 High 1.5257 Low 1.5139 Close 1.5192On Friday, the GBP/USD decreased by135 pips. The Cable depreciated from 1.5241 to 1.5139 on Friday, in line with the negative money flow...

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

EUR/USDTrading range: 1.2995 - 1.3065Trend: NeutralBuy at 1.3005 SL 1.2973 TP 1.3055USD/JPYTrading range: 100.75 - 100.10Trend: NeutralSell at 100.64 SL 100.96 TP 100.1 GBP/USDTrading range: 1.5200 -...

AUD/USD traded higher during Monday open, pushing from a May close of 0.957 to above 0.960 during the first 2 hours of trading. Price continue to climb higher, hitting 0.963 interim resistance and was...

The euro remained lower after declining last month before data forecast to show manufacturing in the currency bloc contracted for a 22nd month, adding to pressure on the European Central Bank to cut...

Over the last couple of weeks, the AUD/USD has established a trading range between two key levels at 0.9550 and 0.97 as it has been able to halt the strong decline it experienced through May. A few...

The Euro did very well towards the end of last week as it used the solid support at 1.28 and surged higher not only through 1.29 but also the significant level of 1.30, before just easing back to...

Overall Friday went pretty well with the exception of the Aussie. Indeed, the Europeans developed close to expectations although that was the easier part of the puzzle to which I referred on Friday....

USD/ZAR is not a commonly traded pair, but it is currently providing a High Probability Short Setup. The USD/ZAR has been moving long for the last few weeks, and is testing the 2008 highs. Strong...

EUR/USD Open 1.2990 High 1.3049 Low 1.2943 Close 1.2993On Friday, the EUR/USD decreased with 105 pips. The European currency depreciated from 1.3049 to 1.2943 on Friday, matching the negative money...