Forex Opinion & Analysis

Market Drivers for March 31, 2014 USD/JPY hits two week highs EZ CPI falls to 0.5% four year low Nikkei .90% Europe .09% Oil $101/bbl Gold $1294/oz. Europe and AsiaNZD: Business Confidence 67.3 vs....

Market Brief Weak economic data came out of Japan this Monday. The manufacturing PMI slowed from 55.5 to 53.9 in March, the industrial production contracted from 3.8% to -2.3% m/m, from 10.3% to 6.9%...

Friday ended last week’s trading with an interesting twist as JPY crosses pulled sharply back higher, creating a number of bullish reversal patterns, though unfortunately still within recent...

Friday saw a volatile Doji form in the EUR/USD pair, above 1.370 which I consider a key level to watch. The fact it held above support further highlights the potential for near-term strength before a...

This week the scorecard recommends buying the AUD, NZD and USD while selling the CAD, EUR and NOK. Despite a fairly strong rally last week in the AUD and NZD, which gained nearly 1.8% and 1.5%...

As soporific as last week’s markets proved to be, we are expecting the opposite this week as a boat load of market moving data is due from across the world. We got a hint of things on Friday...

EUR/CAD recently fell strongly after breaking the daily Rising Wedge that was previously identified by Autochartist – as you can see from the following trade opportunity alert for this currency...

Weekly ReportEUR/USD The pair moved to the downside last week affected by stabilizing below 1.3810, and this week its trading between 38.2% and 50% corrections at 1.3780 and 1.3722 respectively. The...

Main scenario:The pair is trading along an uptrend.An downtrend will start from resistance level 1.6650, which will be followed by moving down to support level 1.6615 and then to 1.6545. Alternative...

Main scenario:The pair is trading along a sideways trend.An uptrend will start from support level 1.3730, which will be followed by moving up to resistance level 1.3780 and then to 1,3835.Alternative...

EUR/USD The euro consolidates above the fresh low at 1.3704, posted last Friday, where the fall met its Fibonacci 76.4% expansion of the third wave off 1.3874, 24 Mar lower top. The second consecutive...

GBP/JPY Daily OutlookDaily Pivots: (S1) 169.99; (P) 170.64; (R1) 171.75;The recovery from 167.77 is still in progress and further rise could be seen. But again, price actions from 174.84 are viewed as...