Forex Opinion & Analysis

BIAS: We should see a recovery back to the 1.6605-35 area before losses resume. Resistance: 1.6605 1.6620-25 1.6634 1.6660 Support: 1.6551 1.6525 1.6500-10 1.6480-85 MAIN ANALYSIS: Losses...

Friday provided a guarded response to the Non Farm Payrolls, so I didn’t get the degree of strength in the dollar that I had expected but it will come. The initial risk is for a pullback lower...

Fundamental Forecast for Dollar: NeutralThough the S&P 500 and yen crosses retreated Friday, it too early to call a full-fledge risk aversion move NFPs keep the market’s time frame for the...

AUD/USD (daily chart) has formed a flag pattern within its two-month climb from extreme lows. Normally considered a trend continuation pattern, the flag formation is a small area of consolidation...

The dollar's technical tone has improved against the complex of European currencies, but it remains soft against the dollar-bloc. There are a few macro-fundamental developments, like Draghi's hint...

EUR/USDWhat ProAct Forex Target Traders See: We are currently sitting at 1.3703. We are looking for a continued move to the 1.3636 ish area (Day chart bottom) and then a bounce back to the 1.3700. The...

This Great Graphic is the monthly bar chart for the euro. Constructed on Bloomberg, it shows that the euro has been turned back from a monthly trend line drawn off the 2008 record high and the 2011...

EUR/USDFrom the offset this week, the main focus of market participants was placed upon the eagerly awaited ECB rate decision. Monday saw the release of the crucial CPI Estimate from the Eurozone,...

Currently we are at 89.05 after the pullback. We are looking for a bullish continuation to the R6 area @ 90.11 AFTER NON FARM PAYROLL!. The average daily true range (ATR) for the pair currently is 84...

EUR/USDCurrent level - 1.3702 The downtrend here is intact, heading for a test of 1.3640 support zone. Initial intraday resistance lies at 1.3722 and crucial on the upside is 1.3740. USD/JPYCurrent...

The GBP/USD has edged lower in Friday, as the pound remains under pressure. The pair is trading in the high-1.65 range in the European session. In economic news, Halifax HPI disappointed, posting...

USD/JPY is showing little movement on Friday, as the pair continues to trade slightly below the 104 line on Friday. The dollar continues to trade at high levels as the markets expect good...

Yesterday's European Central Bank (ECB) meeting was not as dovish as I expected as Mario Draghi and company entirely failed to roll out actual new easing measures, such as the much bandied about...