Forex Opinion & Analysis

EUR/USD broke back above the 50-day MA and continues rising. It has now reached the upper channel line of the down-sloping channel on the 4-hour chart just above the current price at 1.3770. At the...

USD/JPYOpen 103.09 High 103.39 Low 102.72 Close 103.08On Monday the USD/JPY decreased insignificantly with 40 pips. The currency couple depreciated from 103.39 to 102.99 yesterday, matching the...

GBP/JPYDaily Pivots: (S1) 170.69; (P) 171.14; (R1) 171.62; Intraday bias in the GBP/JPY remains mildly on the downside for the moment and deeper fall would be seen to 167.77 support. As noted before,...

USD index reached new high after a completed running triangle last week. Market moved up to 80.74 which appears to be a high in place for this market after recent reversal down, back to wave (e)...

EUR/USD The euro trades in near-term corrective mode off fresh low at 1.3671, posted on 04 Apr, with price action consolidating at fresh recovery high at 1.3747, also 50% retracement of 1.3819/1.3671...

The New Zealand Dollar and the Japanese Yen make an unlikely attractive pair, but there is certainly a lot to be said about the strong trending market that is in play and the historic trend that can...

USD/CAD negative pressures target critical support area at 1.0910/00A probe back to the lower end of the Friday range to reinforce the break below 1.1000 to maintain our negative view, having...

EUR/USDRisk reward: 1.75Trend: UpBuy at 1.3741 SL 1.3709 TP 1.3797USD/JPYRisk reward: 1.91Trend: DownSell at 103.01 SL 103.33 TP 102.40GBP/USDRisk reward: 1.87Trend: UpBuy at 1.6615 SL 1.6583 TP...

EUR/USDThe euro strengthened 0.3 percent to $1.3744. as The currency gained against most of its major counterparts as European Central Bank policy makers signaled deflation risks are contained,...

EURGBPThe pair is flirting with its 0.8350 resistance level. A break and close above this level should have the pair targeting its next resistance levels of 0.8375 and 0.8395. Disclaimer • Risk...

GBP/USDOpen 1.6607 High 1.6625 Low 1.6561 Close 1.6604On Monday the GBP/USD increased with almost 65 pips. The Cable appreciated from 1.6561 to 1.6625 yesterday, in line with the positive money flow...

Autochartist recently identified the Inverse Head and Shoulders chart pattern on the 4-hour GBP/USD charts – as you can see from the following trade opportunity alert for this currency pair. The...

EUR/USD Daily Analysis: The 4h trend is clearly bearish with an obvious series of lower lows and lower highs, after the March 19th support break (red line on left side of chart). The weekly chart...