Forex Opinion & Analysis

Though we have had a more positive tone to recent data in the UK and an improving picture painted by the inflation report, we still see GBPUSD around 4 cents lower than a week ago. We have been...

EUR/USDDenmark has decided to shelf its euro adoption goal indefinitely after Prime Minister Helle Thorning-Schmidt said an exchange rate peg without full European monetary membership is the best...

Fresh selling of the Australian dollar and the New Zealand throughout the Asian trade session, with the AUD/USD falling as low as 0.9750 while the NZD/USD hit a low of 0.8089.Trade Idea AUD/USDThe...

Autochartist recently identified the Up Channel chart pattern on the 4-hour GBP/CHF charts – as can be seen from the following trade opportunity alert that I received today for this pair. The...

EUR/USD - European SessionThe pair moved to the upside on Thursday in some bullish correction as expected, but failed to hold on to its gains and dropped again. The pair is under negative pressure as...

GBP/JPY Daily OutlookDaily Pivots: (S1) 155.47; (P) 155.98; (R1) 156.61; Intraday bias in the GBP/JPY remains neutral for the moment; some consolidations can be seen below the 156.77 temporary top. A...

Cable came higher as expected and virtually achieved the 1.5330 upside projected target. We have fallen back to 1.5236, but the market is looking a little oversold now on the 60 min charts and we...

The USDJPY pair is trading above its 50 day (shown in green) and 100 day (shown in yellow) moving averages on a 30 minute time frame. The price action is also trading within the bullish channel which...

USD/JPY Open 102.10 High 102.69 Low 101.82 Close 102.21On Thursday Dollar/Yen continued trading within 85 pip range. The currency couple depreciated from 102.69 to 101.82 yesterday, not matching the...

BIAS: I look for losses to develop more strongly now, potentially to the 0.9450 areaResistance: 0.9658-66 0.9682-90 0.9707 0.9720Support: 0.9628 0.9597 0.9577 0.9545-55MAIN ANALYSIS: Thursday saw an...