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Forex Opinion & Analysis

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Scott Barkley
EUR/JPY: Wedge?
By Scott Barkley - Dec 17, 2014

Currently we are at 145.95 in a descending wedge which is bearish. We are looking for a continuation to the 1.618 Fibo support area @ 145.26 with an overall target @ 144.10. The average daily true ...

Nenad Kerkez
USD/CAD: Daily Analysis
By Nenad Kerkez - Dec 17, 2014

PRE FOMC USD/CAD – TWO important zonesUSD/CAD is in uptrend. POC1 comes around 1620. We see an inner trend line, intraday trend line, 50.0 fib and near term buyers. 1670 is the target if the ...

Ross Woodfield
Yen Plays Off Technicals
By Ross Woodfield - Dec 17, 2014

The yen has not been shy of volatility or technical patterns. The technical patterns have defined the recent levels the Yen has played off and traders can take advantage of these as it ...

Avatrade
GBP: Fundamental vs Technicals
By Avatrade - Dec 17, 2014

Fundamentals The UK data was extremely encouraging for the UK economy especially, the average wage growth was astonishing. The average earnings index cam in at 1.4% while the forecast was at 1.3%. The...

Growth Aces
EUR/USD: Ctrl+F, Considerable Time, Trade
By Growth Aces - Dec 17, 2014

GROWTHACES.COM Trading PositionsEUR/USD: short at 1.2480, target 1.2280, stop-loss 1.2530GBP/USD: short at 1.5720, target 1.5530, stop-loss 1.5770USD/JPY: long at 116.50, target 119.80, stop-loss ...

Forex Time
GBP/USD Slips Back Down The Ladder To 1.56
By Forex Time  - Dec 17, 2014

There have been no surprises in the Cable today, with the pair slipping back down to 1.56 (1.5676) and erasing a proportion of its 200 pip gains achieved from US Dollar weakness yesterday. There have ...

Matthew Weller
More Yen Selling On Tap For 2015?
By Matthew Weller - Dec 17, 2014

As we look back at 2014, one of the biggest forex trading themes of the year was the same as 2013: the Japanese yen consolidated for most of the year before falling sharply into the end of the year. ...

Forex4you
EUR/USD: resistance overhead; FOMC on tap
By Forex4you - Dec 17, 2014

The EUR/USD pair is rising in a very short-term up-trend; it has breached the previous highs and moved up as far as the 50-day MA peaking at 1.2569 and then rotating and falling back down; it is ...

Kenny Fisher
EUR/USD: Lower As Eurozone CPI Dips
By Kenny Fisher - Dec 17, 2014

EUR/USD is steady on Wednesday, as the pair trades in the mid-1.24 range in the European session. On the release front, Eurozone CPI edged lower to 0.3%, matching the forecast. In the US, the FOMC ...

Dailyfx
USD/CAD: Dark Clouds Indicate Pullback
By Dailyfx  - Dec 17, 2014

Talking Points Strategy: Flat Dark Cloud Cover Awaiting Confirmation On The Daily H4 Chart Reveals Reluctance From Traders Near 1.1600 USD/CAD’s recent ascent may be at risk as a Dark ...

Ipek Ozkardeskaya
Focus On Fed, RUB
By Ipek Ozkardeskaya - Dec 17, 2014

Market Brief The most expected event of the day is no doubt the year’s last FOMC verdict. There are increasing bets that the Fed will drop the “considerable time” phrase, yet give ...

Littlefish FX
FOMC To Drive Next Dollar Phase
By Littlefish FX - Dec 17, 2014

KEY DATA RELEASES TODAY: 0930GMT GBP Unemployment Rate exp 5.9% v 6.0% 0930GMT GBP Claimant Count Change exp -19.8K v -20.4K 0930GMT GBP Average Earnings Index 3m/y exp 1.3% v 1.0% 0930GMT GBP MPC ...