Forex Opinion & Analysis

USD/JPYUSD/JPY has been stopped by SMA50 below 109.60, while RSI 14 also has been stopped by the momentum resistance of 50.00. However, the support of 107.90 could provide support to bears from the...

EUR/USD drops after strong US retail sales dataThe euro fell against the US dollar as US retail sales data beat expectations. The EUR/USD lost upside momentum and turned lower after a shooting star...

EUR/USD is unchanged on Monday, as the euro trades slightly above 1.1322. There are no Eurozone releases on the schedule, and German and French markets are closed for a bank holiday. In the US,...

GBP/JPY Daily OutlookDaily Pivots: (S1) 155.31; (P) 156.48; (R1) 157.07; The consolidation pattern from 151.64 is still in progress and could extend. Another rebound might be seen but upside should be...

The AUDUSD gapped lower as Chinese industrial production and retail sales data came weaker than expected to touch 0.7248 low. Year to date figures also missed expectations showing signs of a sluggish...

This week the scorecard recommends buying JPY, SEK and EUR while selling NOK, GBP and CHF.Last week's signals resulted in a 0.3% loss. Next scorecard signals will be sent out 23 May. To read the...

The US dollar was broadly steady in Monday’s Asian session but off Friday’s highs when it jumped to near one-month highs following better-than-expected data. Strong retail sales and...

Following Thursday’s doji pattern GBP/USD has broken out to the downside near 1.4425 support indicating a move lower in the coming days. Overall, the markets are likely to remain flat today for...

EUR/GBP first support at 7867/62 but the next target and support at 7848/43 is more important. A break below 7840 is a sell signal and targets only minor support at 7820/15 then 7805/00 and perhaps as...

Given the looming G7 meetings, and the focus that is likely to exist upon the wider Eurozone economy, the EUR/USD could be in for a busy week. Subsequently, it is salient that a review is undertaken...

The trifecta of the closely watched Chinese economic metrics surprised on the downside over the weekend. This negative data should dictate this week’s risk environment, for the early part at...

Chinese Industrial Production numbers continue to trend downward, missing this month’s 6.5% expectation with a concerning 6.0% print.With a weekend Chinese data dump missing expectations,...

INTRADAY CHART - AUD/USD BIAS: We should now see a move back to 0.7367-05 (max 0.7426-45) for losses Resistance: 0.7295-00 0.7319-33 0.7367 0.7390-05Support: 0.7244 0.7219 0.7190 0.7150-65 MAIN...

Bitcoin about to breakout to new 1-1/2 year highs. Original post