Forex Opinion & Analysis

EUR/USDCurrent level - 1.3399 The downtrend is absolutely intact, heading for a right test of 1.3380 support zone, en route to 1.3280. Initial intraday resistance lies at 1.3420, followed by the...

Following last Thursday’s US Initial Jobless Claims dropping to an 8-year low, the USD/CAD extended above its symmetrical triangle on the Daily timeframe. The conclusion of the symmetrical...

Market BriefThe international flows continue favoring the US dollars as EU and US officials prepare to impose further package of sanctions against Russia. Although the USD is better bid across the...

The dollar rallied close to a 6-month high on Tuesday versus the majority of its Forex counterparts as most experts predict that the economy may still gather momentum. They also believe that the...

Main scenario:The GBP/USD is trading along a sideways trend.The downtrend may be expected to continue in case the market drops below support level 1.6960, which will be followed by reaching support...

EUR/USD Negative pressures are still ongoing within the downside move that targets 1.3375 represented in 50% correction showing on graph. A break below 38.2% correction at 1.3525 forces us to keep our...

GBP/JPY Daily OutlookDaily Pivots: (S1) 172.75; (P) 172.97; (R1) 173.24; GBP/JPY continues to stay in right range above 172.36 support and intraday bias remains neutral for the moment. On the...

The world of forex is once again in slow motion leading up to the first Friday of the new month, a Judgment Day of sorts. No, Armageddon is not in the near term, and the Book of Revelations never...

EUR/USD: Should extend losses below 1.34There is nothing in the dailies nor in the intradailies indicating that buyers are about to grab the initiative. On the contrary, the move lower is orderly and...

USD/JPYOpen 102.09 High 102.24 Low 101.80 Close 102.10On Tuesday the USD/JPY increased with 35 pips. The currency couple appreciated from 101.80 to 102.16 yesterday, matching the positive money flow...

The dollar remained strong in otherwise quiet Asian trading following a much stronger-than-expected consumer confidence figure for July from the Conference Board the previous day. Consumer confidence...

EUR/USD The Euro cracked psychological 1.34 support after full reversal of 1.3475/1.3992 bull-leg and break below main bull-trendline, drawn off 1.2042, July 2012 low, commenced fresh phase lower, as...