Forex Opinion & Analysis

The Aussie overstretched to 9528 yesterday, but soon the oversold forces kicked in and up we came. We have reached the 4hrly 23.6 Fib level at 9698 but the market still looking as though it has a way...

Euros have been trading higher this past few sessions, and there is scope for further strength this morning. We look for a move to 1.2990/1.3010 and here we take profits on any long positions...

Currently we are at 0.9650 after bouncing on the trend line at 0.9600.. We are looking for a continuation up to the resistance at 0.9736 and then the R6 Resistance later at 0.9820. We are bullish. The...

The USD/JPY pair bounced from its support zone on a 30 minute time frame. This support zone was given in our analysis the 29th of May. The price has closed well above the 50 day moving average and has...

The EUR/USD pair is trading near the resistance zone on a 30 minute time frame. The price is visiting this level for the fourth time so this level may not have enough resistance to stop the price...

Stocks fell around the globe yesterday and in the current “risk on = buy USD” environment, that meant USD weakened. A fall in Treasury yields also helped to undermine the dollar. On the...

EUR/USD - European SessionThe pair moved to the upside and stabilized above the first target of the bullish harmonic Butterfly Pattern represented in 38.2% correction at 1.2950. This is now a...

The Aussie traded as low as 0.9580 after the news releases but in an hour gained 100pips, climbing back to 0.9675. The private capital expenditure was much worse than expected at -4.7%, but at the...

Yesterday’s EUR/USD Signal Result: The markets mostly consolidated sideways yesterday, not triggering any of our trades. Stock markets around the globe have been acting jumpy of late (the Nikkei...

The U.S. Dollar weakened against most of its forex counterparts as a drop in commodities and equities raised demand for refuge in the markets. Risk appetite was also affected by reports issued by the...

The US dollar is trading heavily against the major currencies, though it remains mostly firmer against most emerging market currencies. Real material developments have been light and it appears that...

Last Thursday saw a 7% dip for the Nikkei as fears over the Bank of Japan’s ability to take the volatility out of asset moves increased. This morning Europe is waking up to find the Nikkei has,...