Forex Opinion & Analysis

The markets ended last week in what looked like an attempt at establishing a Goldilocks scenario: with US data neither too hot nor too cold (weak ISM Manufacturing but reasonably strong ISM...

EUR/USDThe euro lost after a February 7 report indicated employment growth last month in the world’s biggest economy was less than analysts expected. Today the euro snapped an advance from last...

The dollar dropped against the euro today after the US non-farm payrolls report came in weaker than expected (113k from 185k), though unemployment rate dropped to 6.6% from 6.7% expected. Eur/usd...

EUR/USD recently rose sharply in the daily Falling Wedge chart pattern that was earlier identified by Autochartist– as you can see from the following trade opportunity alert of this currency...

On Friday, the U.S. dollar weakened against the majority of its Forex counterparts following the publication of Non-Farm Payroll reports. Analysts say that on the surface, they appeared to denote that...

EUR/USD The euro has established positive near-term tone on a bounce from 1.3480 zone, where the pair built a base. Extension above 1.36 barrier retraced over 61.8% of 1.3738/1.3475 downleg, on...

GBP/JPY Daily OutlookDaily Pivots: (S1) 166.66; (P) 167.34; (R1) 168.56; Intraday bias in the GBP/JPY remains mildly on the upside for the moment as rebound form 163.87 continues. Current development...

The EUR/USD hit the 1.3640 target and saw a high for the day as predicted. Again today we can exit longs and try shorts here with stops above 1.3665. Go with a break higher for a test of the next...

The USD/JPY made it as far as 102.40/50 and topped at 102.64. Overbought short term, so some light profit taking is possible today to immediate support at 102.20. If we continue lower look for 101.93,...

The first formal task as chair of the Federal Reserve commences on Tuesday, as Dr. Yellen takes on the challenge with her first debut speech on the same day. Five years went by, with easy flow of...

Summary: The Aussie dollar managed to claw back ground last week as trade balance data was positive, and as the RBA started to lift forecast’s for the Australian region; as it expects economic...

EUR/USD: 1.3634 Short-Term Trend: Sideways Outlook: The market traded slightly above 1.3470 level before it rallied strongly at the end of last week. Thus, our working wave count remains intact...

EUR/USD top intact whilst below 1.3680/85 for a bear biasA nudge higher Friday after the mini bullish outside Thursday pattern, but still capped by firm topping barriers at 1.3680/85.Whilst below...