Forex Opinion & Analysis

The USD/JPY pair fell from its resistance on a 30 minute time frame, as we predicted on May 20. The price is trading well below the 50 day (shown in green) and the 100 day moving average, which...

Risk aversion seen in Asia is showing little signs of slowing up as we head into the North American session. There has been a rush to safety with both the CHF and yen higher across the board. The EUR...

The yen got a badly needed break, and has recorded sharp gains after US Fed Chair Bernard Bernanke testified before Congress on Wednesday. USD/JPY was down almost 200 points, and was trading in the...

The quiet start to the week ended dramatically on Wednesday, as the euro went on a roller-coaster ride, courtesy of Bernard Bernanke. The Federal Reserve Chairman was testifying in Washington, and his...

4 Hourly ChartUSD/JPY traded sharply lower today, taking cue from the slide in Nikkei 225 that saw the index losing 7.32% in a single day. The decline in stocks was so huge that Economy Minister Amari...

Weekly ChartNZD/USD is moving lower in tandem with AUD/USD due to the rise in USD, which quickened its decline that was started 2 weeks ago due to a surprisingly dovish RBNZ who threatened to embark...

The Pound Sterling hit a one-month low against the Euro today on the back of retail sales data which showed an unexpected decline. Analysts had originally expected the report to show an increase in...

Aussie dollar extended the downside, driven down by the weak Chinese manufacturing PMI (preliminary May estimate: 49.6, forecast: 50.5). On Thursday AUD/USD renewed an 11-month low at $0.9595, but...

The US dollar continued its recent run of strength yesterday after testimony by Ben Bernanke confirmed the FOMC will look to reduce the rate of asset purchases in the US economy should a continued...

EUR/USDThe euro reversed earlier gains against the dollar on Wednesday, and fell after Federal Reserve Chairman Ben Bernanke told the U.S. Congress policy will remain loose for now. In a prepared...

The U.S central bank could slow down its asset purchase program in the next few months, Federal Reserve Chairman Ben Bernanke told Congress on Wednesday. He noted that there has been “some...

CAD/JPY continues to fall inside the Flag chart pattern identified by Autochartist on the daily charts, as you can see from the following trade opportunity alert that I received today for this...

Yesterday’s EUR/USD Signal Result: Lots of volatility yesterday as most of our forecasts were right on the money, unfortunately without clear S/R lines to trade (and the ones we did have...

The U.S. Dollar rallied against the majority of its peers after the Federal Reserve Chairman, Ben Bernanke, testified before Congress. Mr. Bernanke stated that the central bank may scale back on the...