Forex Opinion & Analysis

AUD/USD solid rebound points to a more bullish shift We highlighted in our last client report that the Friday head fake lower and rebound “continues to reject a shift to a more bearish tone and we...

The AUD/USD dropped into the April low / trendline following the NFP and rebounded into the 61.8% of the decline today (Tuesday).  If the broader bull move has resumed, then expect .9300/20 to hold...

The next possible resistance is 1.6985 then the 2009 high at 1.7042. A channel confluence is not far above 1.7042. Look into this area over the balance of the week with the understanding that the...

EUR/USD It is possible that an ending diagonal is underway from the November low. If that plays out, then the market will trade above 1.3966 (and most likely above 1.4000) before topping. As is the...

We seem to have had a bit of a turmoil on our forecast for yesterday! Only the GBP/USD and EUR/JPY performed close to our forecast, all the other pairs ended up going in the opposite direction. This...

AUD/USD for Wednesday, May 7, 2014 Over the last couple of weeks or so the Australian dollar has fallen back down below the 0.93 level and settled within a very narrow range just below the level...

Pre-market update: Asian markets traded 0.5% lower.  European markets are trading -0.7% lower. US futures are trading 0.1% lower ahead of the market open.  Economic reports due out (all times are...

The EUR/USD pair is trading above the upward trend line on a 4 hour time frame. The price has pierced the Bollinger band. The piercing of the Bollinger band does have a significant importance when...

AUD/USD (daily chart shown below) has rallied from key support around the 0.9200 level during a general US dollar sell-off in early Tuesday trading. This major 0.9200 support level, last hit a month...

EUR/USD Open 1.3924 High 1.3952 Low 1.3871 Close 1.3926On Tuesday the EUR/USD increased with 80 pips. The european currency appreciated from 1.3871 to 1.3952 yesterday, matching the positive money...

BIAS: While 0.9319-24 supports we should see gains to 0.9374, at the very least. Resistance: 0.9367-74 0.9390-99 0.9420-25 0.9440Support: 0.9319-24 0.9302 0.9270-85 ...

What started out as a quiet day ended with a flourish - just about all round in the Dollar-currency pairs. So now the Dollar is pressing hard close to prior Dollar daily lows. Will it press on through...

Will Janet Yellen Save the Dollar? Will the RBNZ Governor Kill the Rally in NZD? AUD Soars, No Surprises from RBA CAD Shrugs off Weaker IVEY and Trade GBP/USD – Break of 1.70 Seems Inevitable EUR...

This multi-year chart of the Japanese Yen (upper left) reflects that rising channel is in place looks to be in place with support tested of late. Over the past couple of years a bullish falling wedge...