Forex Opinion & Analysis

Currently we are at 0.9466 in a wedge. We are looking for a continuation to the R5 at 0.9508 with the overall target at the resistance cluster at 0.9606-0.9637. The average daily true range (ATR) for...

The Australian dollar continues to struggle, as the pair trades slightly below the 0.92 level. Chinese Manufacturing PMI dropped slightly, but managed to stay above the 50-point level, which indicates...

For the fifth consecutive time, the scorecard recommends buying JPY this week. Positioning still favours being long JPY while the risk premium indicator (implied volatility) has a strong signal in the...

The US dollar picked up where it left off at the end of last week and continues to post gains against the retreating Japanese yen. USD/JPY has gained about 200 points since the middle of last week,...

EUR/USD has moved higher as we begin the new week, and the pair is trading in the mid-1.30 range in Monday’s European session. The week has started off with a string of releases out of the...

Since 17th of June, cable is forming a channel down formation closed between two red lines. On Friday, sellers managed to reach the lowest levels since the beginning of June, cancelling all of the...

So much for the .9221 ex support. Sellers sliced through this and we nosedived to .9109. Everything screams oversold, but unless buyers take this back above .9221 and quickly, the sellers could carry...

EUR/USDCurrent level - 1.3021The bias here remains negative after Friday's unsuccessful test of 1.3110 resistance area, and the focus is set on 1.2880 support area. Crucial on the upside is 1.3103...

The GBP/USD pair bounced from its support zone on a 30 minute time frame. This support zone was given in our analysis 26th of June. The price action is trading above the 50 day (shown in green) and...

USD/JPY received a new breathe of life thanks to Bernanke’s QE Tapering talk. The resulting strengthening of USD allowed USD/JPY to push up higher. However, USD/JPY continue to languish between...

A cavalcade of central bank meetings this week with the RBA up tonight, the Riksbank on Wednesday and the ECB and BoE on Thursday. This and key US data all week long should keep FX traders...

Market Movers for July 1, 2013Tankan higher fueling USD/JPY gainsUK PMI beats, EU Spanish PMI above 50Nikkei 1.28% Europe -0.16%Oil $96.50/bblGold 1241/oz.Europe and Asia AUD: AIG Manufacturing 49.6...

EUR/USD - Weekly ReportEURUSD kick started trading this week above the ascending key support level, as the pair failed to break the support on Friday and remained stable above 1.2970. Stability above...

The pair is trading along an uptrend.The uptrend may be expected to continue while pair is trading above support level 1.5200, which will be followed by reaching resistance level 1.5310.An downtrend...