Forex Opinion & Analysis

The EUR/USD had a 400 pip rally on Friday that was a bull breakout above its month-long wedge bottom. The bears see the rally as simply a pullback to the breakout point, which is the bottom of the...

AUD/JPY DAILY The rate is currently falling after almost touching a year-long falling trendline resistance. I am now looking to enter a small short position and then scale in if the rate can break the...

USD/CAD DAILY The rate is currently breaking through the major resistance level at 1.3450 set in September. The lack of any serious resistance level makes me think the rate may be heading up for the...

EUR/AUDCurrently we are at 1.7871 and anticipating a continuation of the ECB move. We are looking to continue to the 0.500 Fibo support @ 1.4967 with an overall target to the 0.382 Fibo area @ 1.5111....

Last week, the GBP/USD pair managed to strengthen to its end-of-November highs. At the same time, the dynamics in the pair was mixed, and the British pound also hit new local lows, falling to its...

The 3rd of December 2015, will be a date to remember as Draghi rescued the euro from outright descent into oblivion. The ECB cut the deposit rate by 10BPS but kept the overall lending rate at 0.05%,...

This week, the scorecard recommends buying JPY, USD and CAD while selling NZD, NOK and GBP.Last week's signals resulted in a 0.2% loss. Especially the short CHF, SEK and NZD positions were relatively...

London Forex ReportWith the Dow Jones up over two percent Friday, market risk sentiment was supported after the release of better than expected US nonfarm payroll gains. The 211k job creation in...

EUR/USD Is Likely To Rise After Fed Hike. Why?(buy at 1.0720)Nonfarm payrolls rose 211k last month, the US Labor Department said on Friday. September and October data was revised to show 35k more jobs...

EUR/USDCurrent level - 1.0864 The intraday bias is negative, for a slide towards 1.0790 support zone. Crucial on the upside is 1.0950 and a violation of the latter will challenge 1.1100...

The dollar eased off a one-month low against the other major currencies on Friday, as markets digested the European Central Bank's policy statement on Thursday and after data showed that the U.S....

EUR/USD has lost ground on Monday, as the pair trades slightly above the 1.08 line in the European session. After posting huge gains on Thursday and climbing close to the 1.10 line, the euro has since...

USD/JPYThe daily chart of USD/JPY shows that prices have jumped strongly from 122.30 support to trade again above 76.4% and SMA20-green- with just a few pips. RSI14 is moving sideways despite moving...

GBP/JPY Daily OutlookDaily Pivots: (S1) 185.27; (P) 185.75; (R1) 186.39; Intraday bias in GBP/JPY remains neutral for the moment. Overall, we're still favoring the case that consolidation pattern...