Forex Opinion & Analysis

Market CommentaryAmidst weak volumes, the Dollar Index (DX) hits lower support of 79.90 ranges during Friday’s trade to recover again before the end of US trading session to currently trade at...

The U.S. Dollar gained against the majority of the Forex majors and reached a five-year high against the Yen during early Monday trading as Asian equities went up, and as investors closed their...

The euro gained across the board today, as euro zone banks bring back assets held abroad due to year end and repatriate funds to strengthen their capital base ahead of an ECB asset quality review. In...

AUD/USD recently reversed up from the lower support trendline of the daily Down Channel that was earlier identified by Autochartist – as you can see from the following trade opportunity alert...

EUR/USD Daily Analysis: Well, we were hoping doing an intraday update today would yield a few higher probability setups but it wasn’t meant to be: exchange rates continue whipping around in an...

This week the scorecard recommends buying AUD, NZD, JPY while selling CHF, SEK, EUR (see suggested weights in portfolio in table below).This week the long basket again includes mainly AUD, NZD and JPY...

On Friday, the euro/dollar reached 1.3891, updating the two-year highs. The daily candle showed two-figure growth, but then collapsed back on 160 points, to 1.3730. According to analysts, the movement...

During the Asian session on Friday, amid mixed news from Japan, the yen buyers tried to correct the situation a bit against the dollar. This initially promoted the positive statistics.Thus, the level...

Yesterday's analysis suggested that there was a slight tint of bearish bias, but concluded that the risk may not be worth it given the circumstances. In some ways we are vindicated as the EUR/USD...

Prices traded higher despite strong bearishness seen early yesterday. However this move isn't unexpected, with the Channel Top (see chart below) being the natural bullish target following the rebound...