Forex Opinion & Analysis

Friday saw a volatile Doji form in the EUR/USD pair, above 1.370 which I consider a key level to watch. The fact it held above support further highlights the potential for near-term strength before a...

This week the scorecard recommends buying the AUD, NZD and USD while selling the CAD, EUR and NOK. Despite a fairly strong rally last week in the AUD and NZD, which gained nearly 1.8% and 1.5%...

A boring Monday for EUR/USD, prices have been staying mostly within 1.3745 - 1.376 band and not doing a lot. Even a stronger than expected German Retail Sales print (1.3% vs -0.5% expected M/M) failed...

As soporific as last week’s markets proved to be, we are expecting the opposite this week as a boat load of market moving data is due from across the world. We got a hint of things on Friday...

EUR/CAD recently fell strongly after breaking the daily Rising Wedge that was previously identified by Autochartist – as you can see from the following trade opportunity alert for this currency...

The U.S. dollar inched higher against several of its Forex counterparts as Chinese Premier Li Keqiang announced that his government was looking into ways to strengthen a weakened economy. The...

Main scenario:The pair is trading along an uptrend.An downtrend will start from resistance level 1.6650, which will be followed by moving down to support level 1.6615 and then to 1.6545. Alternative...

EUR/USD The euro consolidates above the fresh low at 1.3704, posted last Friday, where the fall met its Fibonacci 76.4% expansion of the third wave off 1.3874, 24 Mar lower top. The second consecutive...

GBP/JPY Daily OutlookDaily Pivots: (S1) 169.99; (P) 170.64; (R1) 171.75;The recovery from 167.77 is still in progress and further rise could be seen. But again, price actions from 174.84 are viewed as...

EUR/USDRisk reward: 1.50Trend: UpBuy at 1.3745 SL 1.3713 TP 1.3793USD/JPYRisk reward: 2.09Trend: UpBuy at 102.79 SL 102.47 TP 103.46GBP/USDRisk reward: 1.37Trend: UpBuy at 1.6627 SL 1.6595 TP...

Asian equities are mildly higher as the week starts on hope of Chinese stimulus, but so far gains are limited. The forex markets are steady in general with mild weakness seen in the Australian dollar...

Soybeans running out of momentum below March highs at 1459/60 this week as we become overbought. Below 1437 is more negative for today and targets 1426/25. If we continue lower look for 1417/16 then...

The Aussie is a little under pressure, headed back below .9235. However, we do have a support area at .9222/10 and we will look to this support today to see if we can maintain gains. Failure of the...