Forex Opinion & Analysis

GBPUSD slips to test 20-SMA; short-term bias neutral

GBPUSD slips to test 20-SMA; short-term bias neutral

GBPUSD abandoned the intense but fruitless battle within the 1.3900 – 1.3952 resistance area to seek support near the 1.3829…
Yen Ready To Climb Back Onto The Diving Board

Yen Ready To Climb Back Onto The Diving Board

If the U.S. dollar is poised to reengage its upward trend, as we believe, it suggests a bearish trading outlook…
Chart Of The Day: EUR/USD

Chart Of The Day: EUR/USD

EUR/USD Daily Chart. EUR/USD has been trading heavy, and with the “stronger” U.S. data as of late, the market is…
EUR/USD: An Uninspiring Breakout

EUR/USD: An Uninspiring Breakout

What a week it’s been for the U.S. dollar. Since last week’s poor ADP, we’ve had strong ISM data, hawkish…
Yen Ready To Climb Back Onto Diving Board

Yen Ready To Climb Back Onto Diving Board

If the U.S. dollar is poised to reengage its upward trend, as we believe, it suggests a bearish trading outlook…
EUR/USD Daily: Testing The July Wedge Bottom

EUR/USD Daily: Testing The July Wedge Bottom

Friday was big bear day for EUR/USD, in reversal down from the July 6/July 30 double top bear flag. Bears want…
U.S. Dollar Has Strengthened Well

U.S. Dollar Has Strengthened Well

On Monday, EUR/USD looks stable near 1.1760 after sharp fluctuations last Friday. The USA published labor market statistics for July, and…
Gold plunges to new 4-month low

Gold plunges to new 4-month low

Gold is creating a strong negative movement, reaching a fresh four-month low of 1,680 earlier today. The aggressive selling interest…
EUR/USD Testing July Wedge Bottom

EUR/USD Testing July Wedge Bottom

EUR/USD Daily Chart. – Wednesday was an outside down day at the resistance of the July 6 high. It could…
Week Ahead – Dollar turns to US inflation data

Week Ahead – Dollar turns to US inflation data

It will be a quiet summer week, with no central bank meetings and only a handful of economic data. The…
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