Forex Opinion & Analysis

The Canadian dollar has stabilized on Monday, as USD/CAD trades in the mid-1.24 range. The loonie took a beating last week, as the pair jumped an astounding 450 points. There are no Canadian or US...

The pound has posted gains on Monday and is back above the 1.50 level. In the North American session, GBP/USD is trading in the mid-1.50 range. It’s a quiet day on the release front, with no...

The euro briefly lost ground after Greece announced election results late on Sunday, as the far-left Syriza party won the election. In Monday’s European session, EUR/USD is trading in the...

North American markets are a little uninterested this morning as a variety of factors have investors paying attention to other matters outside of the trading world. While the Greek election over this...

The opposition anti-austerity party Syriza has won Greek election. Syriza gets 149 seats in Parliament (out of 151 needed for majority) and has made an alliance with the Independent party to gain the...

EUR/USD is currently in retracement rejection from 1.1100 zone. 1.1270 zone could be good for short-term trades but bear in mind that 1.1200 is now interim support. So to further go down to 1.1200...

EUR/USD big ATR due to fundamental shiftsEUR/USD is currently in retracement rejection from 1.1100 zone. 1.1270 zone could be good for short term trades but bear in mind that 1.1200 is now interim...

The drop in the Yuan over the past 2 days is the largest against the US Dollar since Nov 2008 as USD/CNY nears its highest (CNY weakest) since mid-2012. What is more critical is that for the first...

The Japanese yen has started the week with losses against the US dollar. Early in Monday’s North American session, the pair is trading in the mid-118 range. On Sunday, the Japanese trade deficit...

Last week, we took a long-term look at EUR/USD in the wake of the ECB’s historic QE announcement in order to identify the next major support levels to watch (see “EUR/USD in Freefall, is...

EUR/AUDCurrently we are at 1.4234. We are looking for a continuation to the Resistance area @ 1.4347 with an overall target @ 1.4450. The average daily true range (ATR) for the pair currently is 206...

The pair is forming a triangle within which it is currently rising, in a wave D.It has paused whilst forming wave D and started to move sideways above long-term support at 117.57 and just below the...

Major Currency Pairs and Stock Indices:EUR/USD USD/JPY GBP/USD EUGERMANY30 US30 EUR/USDCurrent level - 1.1211 The corrective rebound above 1.1097 is currently limited below 1.1300 resistance and the...

The EUR/GBP has bounced from its support zone which is driven from the weekly time time frame. The price is still trading below the downward trend line on a 30 minute time frame and this means that...