Forex Opinion & Analysis

Yesterday’s forecast headed in our direction for the most part, especially the EUR/USD, USD/CAD, USD/CHF and the two Oceanic pairs. As we had expected the dollar weakened against many currencies...

GBP/USD for Wednesday, December 4, 2013After starting the week strongly getting within reach of 1.6450, the GBP/USD retreated sharply yesterday moving back down towards 1.6350 before finding some...

AUD/USD for Wednesday, December 4, 2013The AUD/USD has resumed it downward decline after rallying back up towards 0.9160 over the last few days as it traded to a three month low below 0.9050. Last...

EUR/USD for Wednesday, December 4, 2013In the last 24 hours the Euro has returned back to 1.36 after bouncing off some support at the key level of 1.3550. To finish out last week it settled right...

The Canadian dollar continues to lose ground in Tuesday trading, as USD/CAD trades in the mid-1.06 range. The Canadian currency continues to struggle and has now lost over 200 points in the past two...

EUR/USD Open 1.3590 High 1.3614 Low 1.3523 Close 1.3578On Tuesday the EUR/USD increased with 90 pips. The European currency appreciated from 1.3523 to 1.3614 yesterday, matching the positive money...

Being contained by the resistance of 103.73 (May 22 high), the USD/JPY pulls back from 103.37 and breaks below the lower line of the price channel on 4-hour chart, suggesting that consolidation of the...

The USD/CAD’s upward movement from 1.0414 extends to as high as 1.0672, the subsequent fall suggest that consolidation of the uptrend is underway. Support is located at the lower line of the...

Talking Points:Classic "Buy the Dip" Set-up End of a 5-Wave Elliott Pattern for GBP/NZD A Viable Entry Opportunity Happening Right Now The AUD/CHF trade we highlighted yesterday worked out very...

With no U.S. economic reports scheduled for release today, we want to take this opportunity to talk about one of the strongest trending currency pairs in the forex market. Since the beginning of the...

The Australian dollar is steady in Tuesday trading. Early in the North American session, the pair is trading in the low-0.91 range. AUD/USD is trading in the low-0.91 level in Tuesday's European...

As the USD index refuses to do anything directional, it’s worth noting that all of the G10 currency trading action lately, both in terms of trading ranges and trends, has been in the JPY crosses...

EUR/USDEuro is being corrected towards level of 1.3457; right now market is moving inside the third wave of this correction and forming consolidation channel to break ascending channel and continue...

The Japanese yen has reversed directions in Tuesday trading and posted modest gains against the US dollar. In the European section. The USD/JPY is trading in the mid-102 range. Taking a look at...