Forex Opinion & Analysis

The U.S. dollar traded at the lowest rate in over three months against the Yen as the Bank of Japan signaled that it will not change stimulus for now; and it remained to the downside against the euro...

USD/JPYOpen 101.42 High 101.76 Low 100.80 Close 101.34On Wednesday USD/JPY increased with 80 pips. The currency couple appreciated from 100.80 to 101.62 yesterday, not matching the negative money flow...

EUR/USD The pair dropped and is trading below 1.3700, but the minor support level 1.3665 managed to halt the downside move. Stability below 1.3700 represented in 23.6% correction is negative and could...

I presented you with the idea of a flat EUR/USD correction being in progress. This can be an expanded flat correction as wave b) fell to a new extreme. The pattern is still not complete at the moment,...

EUR/USD The euro eventually broke below the 1.3670 breakpoint, ending its near-term consolidative phase and commencing a fresh leg lower. The price spiked lower to 1.3633 so far, ticks away from the...

Market BriefThe Fed 29-30 April meeting minutes brought no new information to the markets. Policy normalization has been discussed in April, some participants said it is too early to talk about a...

Talking Points:USD/JPY Technical Strategy: Flat Support: 101.28 (61.8% Fib exp.), 100.87 (76.4% Fib exp.) Resistance:101.61-74 (50% Fib exp., channel floor), 101.94 (38.2% Fib exp.) The US dollar may...

Talking Points:EUR/USD Technical Strategy: Pending Short Support: 1.3673 (61.8% Fib exp.), 1.3598 (76.4% Fib exp.) Resistance: 1.3705 (wedge floor), 1.3734 (50% Fib exp.) The euro may be readying to...

Talking Points:USD/CHF Technical Strategy: Flat Support: 0.8896 (76.4% Fib exp.), 0.8859 (61.8% Fib exp.) Resistance: 0.8952-56 (Apr 4 high, 100% Fib exp.), 0.9016 (123.6% Fib exp.) The US dollar...

Talking Points:GBP/USD Technical Strategy: Flat Support:1.6839 (14.6% Fib exp.),1.6780 (trend line) Resistance:1.6906 (23.6% Fib exp.), 1.6996-1.7015 (May 6 high, 38.2% Fib exp.) The British...

GBP/JPYDaily Pivots: (S1) 170.22; (P) 170.85; (R1) 171.90; The GBP/JPY rebounded strongly ahead of 169.50 support and intraday bias is turned neutral first. Overall outlook is unchanged. price actions...

EUR/USDThe dollar trimmed gains against most major currencies on Wednesday though remained largely higher after the minutes from the Federal Reserve's latest policy meeting revealed monetary...