Forex Opinion & Analysis

From late 2013 until mid 2014 we have witnessed a sideways wedge formation being built in USDJPY. The top end of the wedge formation has been falling with lower highs while support at 100.70-101 was...

EUR/USD The pair dropped yesterday and broke 1.3330 levels indicating that the correction became sideways, as the downside move currently extended and could reach 61.8% correction at 1.3230 showing on...

Currently, the Central Banker remains at the 'core' for most of the forex moves. Governor Stevens at the RBA is trying hard to jawbone his own currency, the Aussie dollar, lower. While the 'chameleon'...

The USD/JPY pair has fallen from its resistance zone on a 60 minute time frame. However, the price is still trading near the resistance zone and it could have another attempt on the resistance zone....

The euro continues to point southward on Wednesday, as the EUR/USD has broken below the 1.33 line. The sagging euro has lost about a cent this week, and finds itself at its lowest levels...

The Euro is stuck in a downward sloping wedge against the US dollar and it looks set to continue. We may see a test of the upper trend line at some stage, but on the whole it looks like we will see...

If you’ve been watching the New Zealand dollar, you have certainly been taken for a ride on the NZDUSD and AUDNZD. Both pairs have seen a large amount of volatility in the previous 24 hours, and...

Forex News and Events: In an interesting turn of events this week, US housing market data has surprised to the upside. NAHB housing market index strength was quickly followed with heavy USD buying....

The U.S. Dollar rallied against the majors as the gauge which measures Homebuilder Confidence in the U.S. rose to the highest level in seven months. The data also raised speculation that the central...

Currencies The euro continues its bearish trend against the dollar, reaching a new 9-month low at 1.3302. The single currency continues to be under pressure as the European PMI will be announced...

The dollar was up against almost every currency we track over the last 24 hours. Yesterday’s announcement of much stronger-than-expected housing starts and building permits for July, coming...

USD/JPY Open 102.91 High 103.34 Low 102.51 Close 102.89On Tuesday the USD/JPY continued increasing with 45 pips. The currency couple appreciated from 102.51 to 102.95 yesterday, matching the positive...