Forex Opinion & Analysis

USD/CADA larger corrective trend started from 0.9405 (July’11 low) appears to be still in force which may be a flat corrective wave. A retest of the 1.0510/1.0655 resistance on multi-month basis...

Technical Major CurrenciesEUR/USDOver a four-hour basis, the pair is trading below the EMA 20 and 50, signaling the possible extension of the downside move to test the main ascending support. Trading...

Fundamental AnalysisRumors that the Bank of Japan will increase its QE program caused pressure again on the yen, driving the currency back to the same trend which pushed the currency to its...

GBP/USD Open 1.6012 High 1.6076 Low 1.5991 Close 1.6019On Wednesday GBP/USD decreased with 85 pips. The cable depreciated from 1.6076 to 1.5991 yesterday, in line with the negative money flow...

Yesterday's market went as per our forecasts including our hedged pairs. Today, I'm expecting the US dollar to swing and have mixed sentiments towards it. I'm adding several pairs as hedged currency...

Higher-yielding assets took losses throughout the European session yesterday, following a disappointing German Industrial Production figure that led to fresh concerns regarding the pace of the...

Here are a few more observations from yesterday's developments. The charts display the day's support and resistance from the daily report. Comments provide examples of integrating technical indicators...

Expectations that the European Central Bank would refrain from cutting borrowing rates from record lows today are deemed to buoy the euro alongside the Japanese yen today. Recent signs of...

Some points about the EUR/USDWeeklyLower lows and lower highs up until November where we had a technical higher low and just barely a higher high, but not higher than a more significant pivot (1.35)....

EUR/USD Open 1.3052 High 1.3096 Low 1.3036 Close 1.3062On Wednesday EUR/USD traded within 60 pip range. The European currency depreciated from 1.3096 to 1.3036 yesterday, matching the negative money...

Precious metal prices have rallied over the last 24 hours, encouraged perhaps by talk of trillion-dollar platinum coins and various other ways of circumventing the US federal government’s...

The euro held steadily above $1.30 on Thursday morning as the European Central Bank began its first monthly meeting of the year. This meeting will focus on pulling the struggling region out of crisis...

The 1.33 price point for the eurodollar now appears to be a formidable barrier, following the three consecutive failures at this level with the most recent occurring on 2nd January this year. The two...