Forex Opinion & Analysis

EUR/JPYDaily Pivots: (S1) 171.33; (P) 172.29; (R1) 173.03; The GBP/JPY drops sharply and the strong break of 172.36 support confirmed near term reversal. Also, it's taken as the first sign of medium...

While most eyes will be on the Bank of England and European Central Bank decisions today it is very unlikely that we see any actual change in policy from either body. The most we can hope for is a...

EUR/USD The EUR/USD started the day in the losing side, down to a fresh year low of 1.3332, with the usual suspects behind it weak European data, US improved one with a shrinking deficit, and stocks...

The greenback climbed to the highest level in nine months against the Euro and strengthened versus several of its peers on signs that the U.S. economy is improving, and as tensions in the Ukraine...

We have had a good forecast for yesterday with 5 out of the 7 pairs conforming to our predictions. The AUD/USD and EUR/JPY were the odd pairs that didn’t behave as we had thought. Today we could...

AUD Unemployment higher than GCF, and at 12-year highs Construction Index sees a 3rd consecutive rise to 55.2, its highest this year, to show further strength for the sector, but overshadowed by poor...

Talking Points:USD/CHF Technical Strategy: Flat Support:0.9051, 0.9014, 0.8954 Resistance: 0.9110, 0.9189, 0.9268 The US dollar is in consolidation mode below the 0.91 figure against the Swiss franc...

Talking Points:USD/CAD Technical Strategy: Long at 1.0811 Support: 1.0899, 1.0845, 1.0802 Resistance: 1.0985, 1.1038, 1.1168 The US Dollar may correct lower against its Canadian counterpart after...

Talking Points:GBP/USD Technical Strategy: Pending Short Support: 1.6818-22, 1.6703, 1.6587 Resistance:1.6940, 1.6960, 1.7048 The British pound fell as expected against the US dollar after putting in...

Talking Points:EUR/GBP Technical Strategy: Flat Support: 0.7904, 0.7860-73, 0.7783 Resistance:0.7984-97, 0.8074, 0.8136 The euro moved higher against the British pound as expected after prices...

GBP/USD: Bearish Trend Extension Threat We stated in our recent report to clients that “we still look for upside to be capped by 1.6890/95, but for the recent low at 1.6813 to try to hold on...

The financial market headlines always seem to be partially dominated by the happenings in Europe and the United States, but it is also important to be familiar with the Oceania region as well. The New...

EUR/USDThe euro fell to fresh nine month lows against the dollar on Wednesday, as weak euro zone economic data and renewed concerns over the crisis in Ukraine pressure pressured the single currency...

GBP/AUD recently broke the 4-hour Descending Triangle as you can see below. The pair is expected to fall to the target level 1.7966 in the nearest time. The breakout of this Descending Triangle...