Forex Opinion & Analysis

NZD/USD H4The rate has broken the neckline on an inverse head and shoulders pattern and a month-and-a-half- falling trendline resistance. My bias is now higher with the possible 61.8% and 100% pattern...

The US Dollar Index ran higher through the back half of 2014, up to 100 before consolidating. That move broke out of a 10 year consolidation. There are all sorts of macro reasons for the move: the Fed...

EUR/USD: Having continued to see price hesitation, EUR/USD looks to maintain above key support as temporary bottom scenario is developing. If it can hold and trade above the 1.0519/00 zone this view...

USD/JPY overbought now in this ranging market with first support at 123.10/08 then 122.95/93. This could hold the downside but further losses target a buying opportunity at 122.70/65. Longs need stops...

GBPUSD has bounced as far as our selling opportunity at 1.5085/90 and although we topped exactly here as I write, the outlook is more positive as long as we hold above 1.5070/65 today. We could then...

EUR/USD holding below 1.0592/91 re-targets last week's low at 1.0570/65 in the negative trend. We are so severely oversold, but a break below yesterday's low of 1.0556 targets April lows at 1.0529/19....

The U.S. dollar starts the final month of the year under pressure across the board as dealers and investors prudently price in market expectations of a gradual tightening cycle by the Fed. Currently,...

The European currency continues declining against the US dollar. At present, the pair is trading within the range of 1.0584-1.0590. The level of 1.0600 is seen as a key resistance level, where large...

EUR/USDCurrent level - 1.0613 The rebound after 1.0557 low is still corrective and only a break through 1.0640 resistance will signal a change in the overall sentiment....

RBA leaves rates unchanged The Reserve Bank of Australia kept its key interest rates unchanged as was widely expected, amid signs of improvement of business conditions over the past year and a...

Market Drivers for December 1, 2015 Aussie explodes to .7300; kiwi follows GE Unemployment hits record low Nikkei 1.34% Eurostoxx -0.10% Oil $42/bbl Gold $1069/oz Europe and AsiaAUD: Building...

The recent decline in the British pound came to a temporary halt after a short dip below the 1.50-level. As we noted in yesterday's analysis, the 1.50-level will be important to watch this week and as...

GBP/AUD DAILYThe rate is currently testing the massive head and shoulders pattern neckline and the year-long rising trendline. A daily close below the support at 2.0680 would work as a strong...

USD/CAD – Momentum fading at a potential retest of year to date highsUSD/CAD pared its earlier strength as it broadly tracked movements in the price of crude oil, with attention shifting to the...