Forex Opinion & Analysis

CAD/JPY - on its way to support at 88.90Today CAD/JPY broke below support at 90.70 level. Currently declines stopped at weak support at 90.10 and we should see a return movement attempt. If price will...

The European Central Bank under the auspices of Mario Draghi has created a market destabilizing condition known as the euro carry trade. Mr. Draghi recently telegraphed to the markets a more...

The daily chart of the EUR/USD had a big bull breakout above a bear channel and a double bottom with the April low. The breakout was strong enough so that there is a 60% chance of follow-through...

With another light calendar, much of the FX price action has been a continuation of the fallout from last week’s OPEC meeting. WTI and Brent both saw significant weakness throughout the session...

The Chinese economy has been struggling with issues that impact economic health for the past several months, with a slew of alterations to monetary policy that have thus far failed to incite the...

On the intraday chart of S&P 500 we are tracking a triangle pattern,that could be near completion, as price currently trades in what we labeled as wave E. If our count is correct more upside could...

Currently we are at 0.7201 and breaking out of the channel. We are looking to continue to the 0.618 Fibo support at 0.7113 with an overall target to the support area at 0.7013. The average daily true...

Favorable National Australia Bank's Business Confidence statistics were released today in Australia. Nevertheless, the AUD/USD pair declined during the Asian session. The Australia dollar was under...

EUR/USD is showing limited movement on Tuesday, as the pair trades slightly at 1.0850 in the European session. After posting huge gains last week after the ECB policy meeting, the euro has since...

EUR/USDCurrent level - 1.0860 The slide from 1.0950 failed to break through 1.0790 support, but the rebound is not impulsive in nature, so there is still a risk of another leg towards the mentioned...

Last week was a frustrating week. At one point I had three positions open but by the end of the week I was back to being 100% in cash. Lets look at what happened: Trade 1 - price fell on a UK stock...

Market Drivers December 8, 2015 Aussie gets hurt by CNY data, ore prices CAD above 1.3550 as oil sinks Nikkei -1.04% Eurostoxx -0.96% Oil $37/bbl Gold $1072/oz Europe and AsiaAUD: NAB Business...

USD/JPYUSD/JPY was resisted just below the previous defined stop loss for shorts at 123.55 as seen on the provided daily chart. Currently, the pair attacks SMA20, which meets 76.4% Fibonacci level...

Trade Of The Day: USD/CAD To Test Pivotal Trend LineFundamental: WTI oil prices once again dropped below $40 after the decision of the OPEC to keep crude production at a high level. Against a stronger...