Forex Opinion & Analysis

USDX – daily chart From a technical perspective, yesterday was another important one for the US dollar index on the daily chart, with the currency of first reserve weakening further against the...

Why This Event is Important:Signs of a stronger recovery may encourage the European Central Bank (ECB) to further scale back its dovish tone for monetary policy, and the Governing Council remains at...

EUR/USDThe euro appreciated sharply against the dollar on Tuesday ending a four-session losing streak, as the global bond rout roiled markets for the second straight day. EUR/USD surged to a...

The dollar fell lower against most major currencies on Tuesday, in a day with subdued trading volumes due to no major releases from the U.S and after new selloffs in European government bonds and...

EUR/USDToday’s support: -1.1115, 1.1086 and 1.1070(main),where correction is possible. Break would give 1.1059, where correction also may be. Then follows 1.1036. Break of the latter would...

For the 24 hours to 23:00 GMT, the AUD strengthened 1.19% against the USD to close at 0.7981.LME Copper prices rose 1.34% or $85.0/MT to $6448.0/MT. Aluminium prices rose 0.16% or $3.0/MT to...

For the 24 hours to 23:00 GMT, the USD declined 0.58% against the CHF and closed at 0.9290.In the Asian session, at GMT0300, the pair is trading at 0.9277, with the USD trading 0.14% lower from...

For the 24 hours to 23:00 GMT, the USD weakened 0.21% against the JPY and closed at 119.88, reversing its previous session gains.Yesterday, data showed that the preliminary estimate of Japan’s...

For the 24 hours to 23:00 GMT, the EUR rose 0.61% against the USD and closed at 1.1217.Yesterday, the EU Economic and Financial Affairs Council stated that economic outlook of Europe was improving,...

EUR/GBP – Sell Setup @ RRL Profits (1hr chart) Yesterday in the daily members commentary, we suggested selling the EUR/GBP at the role reversal level of 7225. The pair literally went 1 pip...

There’s more than one way of looking at how the dollar’s been topping, including a rising wedge top that seemed particularly well-matched to a falling wedge bottom on the euro.But the one...

Talking PointsEUR/JPY at risk for pullback - Possible H&S setup Short-scalps favored against today’s high EUR/JPY Daily Technical OutlookEUR/JPY setting monthly opening range below key...

CHF/JPY: Long Position has been opened on May 6. The pair has a rank of 3, meaning it's at the top of the Ranking and Rating list. The CHF has a currency score of 7 and the JPY a score of 1. The...

INTRADAY CHART 12th May:Having suffered a frustrating deeper Wave -iv-, we do now seem to be on out way lower. However, I suspect that we'll see the (cyan) Wave iv cap around 0.7170-85 for losses in...