Forex Opinion & Analysis

USD/JPYOpen 101.68 High 102.16 Low 101.48 Close 101.67On Tuesday the USD/JPY decreased with 65 pips. The currency couple depreciated from 102.16 to 101.48 yesterday, matching the negative money flow...

GBP/JPYDaily Pivots: (S1) 172.21; (P) 172.57; (R1) 172.95; Intraday bias in theGBP/JPY remains neutral for the moment. The cross is still staying in side medium term consolidation pattern from...

The price oscillations between these 2 commodity currencies can either be traded, or used to assess strong/weak relationships of other AUD and CAD pairs.I have used Hurst Cycles, which...

EUR/USD The Euro ended three-week long phase where the price was entrenched within 1.3773/1.3904 range. Break higher signals eventual completion of corrective phase off 1.3965, 13 Mar peak, with clear...

We hit 1.6998 yesterday and GBP/USD looks strong again. I know we have the 1.7000 psychological barrier, but there is scope for a move higher with 1.7045 the targeted area at which point the market...

GBPUSD – 1.6820 Buy Setup Now Up Over +150 PipsIn our May 1st commentary, we offered up a buy signal at 1.6820 as we felt trading with the trend was still the play, and we had our level. Sure...

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...

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...

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...