Forex Opinion & Analysis

The EUR/USD is in a nested wedge top on the daily and weekly charts near the top of a 2-year trading range. As strong as last week’s rally was, the past 3 days have been dojis, which is a sign...

NZD/USD has posted slight losses on Tuesday, continuing the downward trend which started off the trading week. Early in the North American session, the pair is trading at 0.6770. On the release front,...

USD/JPY Open 111.28 High 111.81 Low 110.25 Close 111.31On Monday dollar/yen decreased with 70 pips. The currency couple depreciated from 111.81 to 111.08 yesterday, matching the negative money flow...

EUR/JPYCurrently we are at 125.68 continuing a nice down trend. We are looking to continue to the 0.618 Fibo at 124.39 with an overall target of 122.54. The average daily true range (ATR) for the pair...

Since the beginning of the week, the USD/CAD pair has been growing. The growth in pair started amid statements made by the Bank of Canada Governor Stephen Poloz on Monday. Today in the afternoon, a...

EUR/USD overbought territory might lead to strong pullbackThe EUR/USD failed to continue gaining after reaching the 1.1437 high this year. Hitting higher lows, failing to cut 1.1420 and the European...

In this week's Commodities Corner Update, I want to pay specific attention to a potential technical confluence trade that may be developing. Oftentimes in markets one of the premium confirmations for...

The dollar held steady against the other major currencies on Monday, after data showed that U.S. factory orders fell in February and as comments from a Federal Reserve official sparked fresh...

USD/JPYOur technical target at 110.65 has been delivered today, as USD/JPY plummeted aggressively during the Asian session as anticipated. The bearishness remains favored after clearing 111.60 -...

The USD/JPY has been relatively determined in its recent resolve to move lower and test the key 110.50 support level. However, despite the growing dollar bearishness, the downside is likely to be...

GBP/USD first resistance at 1.4275/80. A break above 1.4300 however signals further gains to 1.4325/30, perhaps as far as resistance at 1.4350/60. A break above 1.4375 could then target important...

USD/JPY closing in on February lows at 111.00/110.95 and below here tests important March lows at 110.65. Within this band is the low of the range as we become oversold short-term. Therefore this is...

Market Drivers April 05, 2016Yen strengthens on risk aversion flowsRBA stays on holdNikkei -2.42% Dax -2.30%Oil $35/bblGold $1234/oz. Europe and AsiaAUD: RBA rates at 2.00%EUR: PMI Composite 53.1 vs....

Global stocks descended into Q2 lacking inspiration, following the heavy declines in oil prices that arrested risk appetite and dampened confidence towards the global economy. Asia markets were left...