Forex Opinion & Analysis

USD/JPY broke below the lower line of the price channel on 4-hour chart, and is now in consolidation of the uptrend from 82.11. Range trading between 86.82 and 89.67 would likely be seen in a couple...

The Australian dollar traded in a reasonably tight range overnight with price action largely adhering to U.S. equity moves. The next key directive for the local unit is today’s jobs report,...

EUR: Supported by Euro Comments But Germany Cuts Growth ForecastGBP: PM Cameron Rejects EU ReferendumCAD: Finance Minister Says 'No Additional Stimulus Needed'AUD: Stronger Consumer ConfidenceNZD:...

Long-Term Levels89.45 Last Week’s high86.90 Weekly 23.6% Fibonacci86.83 Last Week’s Low86.71 Daily 23.6% Fibonacci84.81 200 Week Moving AverageThe USD has had a huge run vs. the Yen but...

EUR/GBPCurrently we're at 0.8303 after bouncing on the 214 Fibo. The target area up is the R5 at 0.8337, then 0.8383. This pair moves slow but pays big. The average daily trading range (ATR) is 44...

Yesterday's market went as per our forecast including hedged pairs. Today, I'm expecting the U.S. Dollar to gain strength overall. However, I do see the Oceanic pairs holding the market back. This...

For the second day in a row, the sell-off in the USD/JPY dragged all major currencies lower. We can tell by the relatively moderate losses in the EUR/USD -- and more significant losses in the EUR/JPY...

After relatively large moves in the foreign exchange market since nearly the start of the year, participants were particularly vulnerable to commentary that encouraged a reversal of trend. Japan's...

We have decided to close our short GBP/NOK recommendation. We close the trade at 8.9620 (initiated at 9.0400), with a 1.0% profit including a carry gain of 0.13%. We still like the trade from a...

USD/JPY finally stopped its move up north just below 89.65. The price created a triangle that was broken yesterday, early in the Asian session. The price went straight to the first support located at...

EUR/USD was again driven by fundamentals. This time, the major move on this pair was caused by Luxembourg’s Prime Minister Jean-Claude Juncker. Last week, EUR/USD’s appreciation was caused...

Market drivers for January 16, 2013:Yen crosses hit profit takingAustralian consumer sentiment improvesNikkei -2.56% Europe -0.48%Oil $93.25/bblGold $1679/oz.Europe and Asia:AUD: Westpac Consumer...

We have been following EUR/USD for some time now and we still see this pullback as another corrective pullback. If you have read our previous posts, you would know that 1,33 was formidable resistance,...