Forex Opinion & Analysis

The EUR/USD is continuing the upswing started with the bounce from the long-term neck line created on the daily chart, as a part of the big Head and Shoulders formation. The price is still locked in a...

Inside day leaves the overall scenario unchanged: 1.5299/95 is support. If we go just in front of here, at1.5305 and go long. Stops should be kept quite tight below 1.5259 which is the short term 50%...

Our cross is forming an inverted H-S for rallying up. This morning the USD/JPY suffered a big fall at the same time that the euro approached the 1.3100 area which means that it was following the USD...

So far this week we have seen that Monday’s Euro PMI reports have been tentatively supporting a market view that the Euro-zone downturn is stabilizing. Interestingly, the IMF’s Christine...

EUR/USD has settled down after posting sharp gains at the start of the week. The pair was unchanged on Tuesday, and is trading quietly in the mid-1.30 range in Wednesday’s European session. In...

Price traded higher yesterday, reversing the losses suffered on Monday and managed to etch out a slight gain during the early US trading session. However, 13,700 remains stubborn and refused to give...

Yesterday was yet another day of reversing the trends of the previous day. The fear that the lower-than-expected ISM figure created on Tuesday faded and USD managed to recover against most currencies,...

Tuesday was a tough one for commodity currencies against the greenback. The AUD, NZD and CAD, whose economies all depend heavily on raw material exports, lost 1.44%, 1.51% and 0.61% respectively on...

EUR/USD - European SessionThe pair is still trading positively, which is normal in light of stabilizing above 61.8% correction of CD Leg of the bullish harmonic Butterfly Pattern residing at 1.3045....

EUR/USDThe euro bounced back after dipping against the dollar on Tuesday, tacking back losses stemming from softer-than-expected wholesale pricing data in choppy trading. The euro softened earlier...

Market Drivers for June 5, 2013AU GDP misses Aussie back below 9600UK PMI Services better cable eyes 5400Nikkei -3.83% Europe -0.38%Oil $93.83/bblGold $1398/oz.Europe and AsiaAUD: GDP 0.6% vs....

Asian indices fell amid concerns the Federal Reserve may taper its bond purchases, while investors awaited a key policy speech from PM Shinzo Abe. Australia’s gross domestic product rose 0.6...

Autochartist recently identified the Falling Wedge on the 4-hour EUR/JPY charts, as you can see from the following trade opportunity alert that I received today for this currency pair. The pair is set...

The GBP/USD pair is moving higher again today and pushing up against resistance from the 61.8% Fibonacci level of the previous down-move. It will probably continue rising, and possibly reach the...