Forex Opinion & Analysis

Market CommentaryAfter trading strong for most of the European session, the Dollar Index (DX) eventually closed weak, trading at 83.80 ranges. Immediate resistance is observed at 84.50. The benchmark...

If there is one thing that traders appreciate, it would have to be repetition. The world of technical analysis is built upon repeating cycles and patterns, the primary strategy that provides a clue as...

Greetings from the CalTrain station in bucolic Palo Alto, California. I thought I’d have a change of venue to type up my end-of-day post, and although a video would have been a lot easier,...

EUR/USD has found support above 1.28 and is trying to make an upward bounce and reach the 1.2950-1.30 area. The upward correction scenario is supported by the fact that prices have managed to break...

EUR/USD Open 1.2914 High 1.2939 Low 1.2840 Close 1.2899On Tuesday, the EUR/USD increased by almost 95 pips. The European currency appreciated from 1.2840 to 1.2934 yesterday, matching the positive...

The EUR/USD’s rise from 1.2796 extends to as high as 1.2938. However, this rise is a likely consolidation of the downtrend from 1.3242. Resistance is located at the upper line of the downward...

USD: Cue In BernankeGBP: Time For BoE Minutes And Retail SalesEUR: Consolidating Above 1.28AUD: Main Takeaway From RBA MinutesCAD: Retail Sales Growth Expected To SlowNZD: Shrugs Off Stronger Credit...

One of the things I've been guilty of lately is trying to go against the trend on the four-hour chart (though with the trend on higher timeframes, like weekly). I may have committed the same crime...

Currently we are at 0.9788 trying to break out of a bear flag, looking for an initial move to the double bottom at 0.9711 then a continuation up to the S7 support at 0.9596.Watch for a bounce there....

EUR/USDCurrent level - 1.2876The bias here is positive above 1.2840-50 support area and I favor a rise towards 1.2940 and 1.3020. Crucial on the downside is 1.2840 and initial minor resistance is...

Cable has not yet turned bullish on the daily charts, but we are turning this way so we, at the moment, favour buying weakness. We have our two trend lines which come in at 1.5183 and 1.5153 today, so...

Charles Evans, the Federal Reserve Bank of Chicago President, has given investors more cause for optimism with his latest comments. He said, “I’m optimistic that the labor market has been...