Forex Opinion & Analysis

GBP/JPY Daily OutlookDaily Pivots: (S1) 147.67; (P) 148.56; (R1) 149.40;With 150.56 minor resistance intact, the correction from 156.77 is expected to continue lower. A break of 146.42 will confirm...

The Euro brushed off attempts by the ECB’s Draghi to talk it down this morning. We'll see whether the German ZEW surveyor the FOMC can stop the euro’s powering stronger across the...

USD/JPY Open 94.65 High 95.31 Low 94.04 Close 94.42On Monday, the USD/JPY increased with 120 pip range. The currency couple appreciated from 94.04 to 95.23 yesterday, not matching the negative money...

The EUR/USD pair is moving higher by making higher highs and lower lows on a 30 minute time frame. The price briefly broke the 50-day (shown in green) and 100-day (shown in yellow) moving averages,...

We can count five waves up in wave A) from 1.5000 psychological level on the cable, which means that temporary high for this pair could be near if we consider that correction follows after every five...

The markets were fairly uneventful yesterday, with no major news out during the European day. The US data (Empire State manufacturing survey and National Association of Homebuilders’ index) were...

RBA’s minutes released today reflected a strong bearish stance, but that is not surprising considering that the RBA statement from earlier this month stated that RBA believed that there is...

GBP/USD Open 1.5715 High 1.5752 Low 1.5661 Close 1.5716On Monday, the GBP/USD traded within the 70 pip range. The Cable depreciated from 1.5752 to 1.5679 yesterday, in line with the negative money...

AUD/USD failure at .9650/55 resistance barriers leaves bigger topping picture intactAn extremely negative Monday pattern has reinforced the expected faltering on Friday and as we have stressed”...

EUR/USDTrading range: 1.3370 - 1.3295Trend: NeutralSell at 1.3359 SL 1.3391 TP 1.3309USD/JPYTrading range: 94.60 - 95.30Trend: NeutralBuy at 94.73 SL 94.41 TP 95.18GBP/USDTrading range: 1.5720 -...

A good start to a week, we can expect to see some action on Japanese Yen and Australian Dollar. Monday’s forecast went in our direction for the most past, in fact all pairs behaved as we thought...

Market CommentaryThe Dollar Index (DX) is trading near critical support of 80.60 ranges after consistently falling from 84.50 ranges. Further USD weakness is expected only on a daily close below 80.40...

The Aussie fell off slightly, but did not do any real damage to the downside, as we stayed above the short term 50% Fib level of .9495. We have held below some good resistance and therefore we are...