Forex Opinion & Analysis

EUR/USD - European SessionThe EUR/USD rose sharply on Thursday, and managed to touch the second target of the bullish harmonic Butterfly Pattern at 61.8% correction around 1.3045. We can see now some...

GBP/JPY Daily OutlookDaily Pivots: (S1) 152.41; (P) 153.21; (R1) 154.19;No change in GBP/JPY's outlook. The consolidation from 156.77 short term top is still in progress, and a deeper fall cannot be...

The yen stayed in tight range after the release of a considerable volume of data Friday. The inflation outlook showed improvement in Japan, as indicated in the April CPI data. Deflation improved...

BIAS: We should see losses to 100.24-39 and 99.84-94 before reversing higher.Resistance: 101.00 101.15 101.30-35 101.60-80Support: 100.55 100.39 100.10 99.84-94MAIN ANALYSIS: That was a bit of a...

The GBP/USD pair is falling from its resistance level on a 30 minute time frame. This resistance level was given in our analysis on May 29. The price is trading above the 50 day (shown in green) and...

A very strong Chicago PMI and upward revision to May's University of Michigan Confidence report have the USD/JPY avoiding a collapse through support once again. But next week is the real test for...

The EUR/USD slipped higher, asthe USD was broadly on the defensive from the USD/JPY rally failing to stick on Thursday. But is this fair? The week ahead is chock full of event risks, with key U.S....

The forex month-end re-balancing requirements sometimes have a habit of creating market price anomalies that can never be explained, no matter how much technical or fundamental analysis is thrown at...

The US dollar has posted gains in Friday trading, after taking a hit from the Canadian dollar over the past two days. USD/CAD has pulled away from the 1.03 line, and was trading in the mid-1.03 range...

We continue to see strong volatility from AUD/USD. The pair has lost close to one cent in Friday trading, following a string of weak US releases on Thursday. The pair was trading in the high-95 range...

EUR/USDTrading range: 1.3060 - 1.2985Trend: NeutralSell at 1.3047 SL 1.3079 TP 1.2997USD/JPYTrading range: 101.20 - 100.55Trend: NeutralSell at 101.09 SL 101.41 TP 100.6 GBP/USDTrading range: 1.5245 -...