Forex Opinion & Analysis

Pre-market update:Asian markets traded 0.5% lower.  European markets are trading -0.7% lower. US futures are trading 0.1% lower ahead of the market open.  Economic reports due out (all times...

The EUR/USD pair is trading above the upward trend line on a 4 hour time frame. The price has pierced the Bollinger band. The piercing of the Bollinger band does have a significant importance when...

USD/JPYPrice action exhibits a potential H&S Top inside and, an unconfirmed bullish continuation triangle. They can't both be confirmed, so one must be eliminated - and that may happen sooner than...

AUD/USD (daily chart shown below) has rallied from key support around the 0.9200 level during a general US dollar sell-off in early Tuesday trading.This major 0.9200 support level, last hit a month...

EUR/USDOpen 1.3924 High 1.3952 Low 1.3871 Close 1.3926On Tuesday the EUR/USD increased with 80 pips. The european currency appreciated from 1.3871 to 1.3952 yesterday, matching the positive money flow...

BIAS: While 0.9319-24 supports we should see gains to 0.9374, at the very least. Resistance: 0.9367-74 0.9390-99 0.9420-25 0.9440Support: 0.9319-24 0.9302 0.9270-85 ...

Will Janet Yellen Save the Dollar? Will the RBNZ Governor Kill the Rally in NZD? AUD Soars, No Surprises from RBA CAD Shrugs off Weaker IVEY and Trade GBP/USD – Break of 1.70 Seems...

This multi-year chart of the Japanese Yen (upper left) reflects that rising channel is in place looks to be in place with support tested of late. Over the past couple of years a bullish falling wedge...

EUR/USDEUR/USD continued its ascent towards the psychologically important 1.4000 level despite growing expectations of monetary policy action within Europe. So much so that a seven year high Spanish...

At the start of the North American trading session, the trade weighted dollar index fell to its lowest level in 6 months. The sell-off in the greenback drove the British pound to fresh 4.5-year...

NZD/USDCurrently we are at 0.8772 after the announcement. We are looking for a continuation to the 1.270 Fibo at 0.8907. Expect a retrace and then follow through to the Day chart trend at 0.8874. The...

Market Drivers for May 6 2014UK PMI Services beatsRBA keeps rates/policy unchangedNikkei -0.19% Europe -.21%Oil $99/bblGold $1311/oz.Europe and Asia:AUD RBA cash rate 2.5%EU Final Services PMI 53.1...

USD/JPY is in the high-101 range on Tuesday, its lowest level since mid-April. On the release front, Japanese markets remain closed for holidays for a second straight day. In the US, there are...

As part of the renewed increase dollar, the New Zealand dollar broke through the level 0.8635 and reached the upper limit of the channel. The price then slowed growth and consolidated to form a small...