Forex Opinion & Analysis

After reaching 1.27 last week, price has been firmly trading below the level, pushing as low as 1.257 at one point. However price still managed to rally higher, breaking above the rising trendline,...

The EUR/USD pair has formed a reverse Head and Shoulder pattern (a bullish pattern) on a 30 minute time frame. If this pattern does play out completely, it could easily push the price to the 1.3089...

On the GBP/USD pair, the double bottom price pattern at the recent lows turned out to be valid. The exchange rate broke the neckline, and rose to the target at 1.5280 at the level of the 50-day MA....

EUR/USDThe euro ended Friday’s session lower against the U.S. dollar, coming off a three-week high as demand for the greenback was bolstered by uncertainty whether the Federal Reserve will scale...

Market Drivers for June 3, 2013Nikkei dive pushes USD/JPY to within a few pips of 100.00Aussie rebounds on better Chinese PMINikkei -3.72%Europe -1.16%Oil $91.87/bblGold $ 1399/oz.Europe and AsiaAUD:...

Market CommentaryGreenback traded strong against most of the FX majors on the event of profit taking witnessed in most of the asset classes especially in the benchmark equity index of Dow Jones...

EUR/USD - Weekly ReportOn a daily basis, we notice stability above 23.6% correction of the descending wave starting from 1.3711 levels towards the bottom at 1.2477. This correctional level resides at...

The EUR/USD pair has bounced off the major trend-line from the July '12 lows. It is currently encountering resistance from the 200-day MA at 1.3025-30, although its starting to break tentatively...

GBP/JPY Daily OutlookDaily Pivots: (S1) 151.87; (P) 153.05; (R1) 153.73;Intraday bias in GBP/JPY remains neutral for now. Consolidation from 156.77 could continue. Below 151.77 will bring deeper pull...

The will-they-won’t-they nature of the Fed’s decision over tapering their asset purchase plan is more attuned to a soap opera than it is to the markets and this means that US data is very...

Australian retail sales rose less than economists forecast, while the Aussie traded off its highest levels of the day. Most Asian indexes traded lower following another disappointing economic data...

As you can see from the following trade opportunity alert, EUR/CHF has recently broken down through the Key Support Level 1.242 identified by Autochartist on the 30-minute charts. The pair is expected...

The U.S. Dollar concluded the month on firm ground against the majority of its counterparts as better than expected data on Consumer Confidence and Business Activity bolstered speculation that the...