Forex Opinion & Analysis

USD/JPYThe USD/JPY pair has been trading just a few pips below SMA20 and SM50, which is a very sensitive zone for the intraday traders. RSI14 is near the value of 50.00, while ADX attempts to be...

EUR/USD was higher last week and it finally moved up to 1.1460-1.1500 area with subwave C) that represents final leg within a three wave recovery. As such, despite higher prices, traders must be aware...

Another quarter has come to a close. The primary theme of this period centered around what would the Fed decide after months of deliberation. When September finally arrived, Ms. Yellen and her crew of...

The EUR/GBP pair is trading in a downward wedge pattern on a 60 minute time frame. The price is trading below the 50 and 100 day moving averages shown in yellow and red colours. This confirms that the...

$/yen near term outlook:The market did indeed finally resolve lower from that long discussed triangle/pennant that had been forming since late Aug, reaching a low at 118.05 last week and before...

GBP/JPY Daily OutlookDaily Pivots: (S1) 184.05; (P) 184.56; (R1) 185.31; Outlook in GBP/JPY is unchanged. Sideway consolidation from 180.36 is still in progress and further recovery might be seen. But...

EUR/USDToday’s support: - 1.1312 and 1.1295(main), where correction is possible. Break would give 1.1318, where correction also may be. Then follows 1.1305. Break of the latter would result in...

For the 24 hours to 23:00 GMT, the AUD weakened 0.24% against the USD to close at 0.7247. LME Copper prices declined 0.57% or $30.0/MT to $5240.0/MT. Aluminium prices declined 0.42% or $6.5/MT to...

For the 24 hours to 23:00 GMT, the USD rose 0.80% against the CAD to close at 1.3019. In the Asian session, at GMT0300, the pair is trading at 1.3044, with the USD trading 0.19% higher from...

For the 24 hours to 23:00 GMT, the USD rose 0.29% against the CHF and closed at 0.9561. In economic news, Switzerland’s total sight deposits inched up to CHF465.9 billion in the week ended 16...

For the 24 hours to 23:00 GMT, the USD strengthened 0.10% against the JPY and closed at 119.50. In the Asian session, at GMT0300, the pair is trading at 119.51, with the USD trading flat from...

For the 24 hours to 23:00 GMT, the GBP rose 0.17% against the USD and closed at 1.5463, reversing its previous session losses. In the Asian session, at GMT0300, the pair is trading at 1.5475, with the...

For the 24 hours to 23:00 GMT, the EUR declined 0.23% against the USD and closed at 1.1329. In economic news, Euro-zone’s adjusted construction output fell 0.2% MoM in August, compared to an...