Forex Opinion & Analysis

EUR/USD: European SessionThe downside move yesterday remained limited above Linear Regression Indicators and above 38.2% correction at 1.3470 showing on graph, as trading remains within the ascending...

Market Drivers December 3, 2013 RBA statement relatively unchanged creates a relief rally USD/JPY clears 103.25 on importer demand Nikkei 0.60% Europe -0.20% Oil $94/bbl Gold $1224/oz. Europe and...

The U.S. Dollar traded mixed, rising against the Yen and the Euro while dropping against the British Pound subsequent to the release of reports on Manufacturing activity. The greenback remained under...

EUR/USDCurrent level - 1.3555Yesterday's break through 1.3558 signals a reversal at 1.3621 and current intraday outlook is bearish, for a break through 1.3490, en route to 1.3398. Crucial resistance...

Today we have an interesting sell opportunity for the EUR/JPY as I think the pair is heading towards the critical psychological resistance at around the 140.00 level. There is a bearish divergence on...

USD/JPY Open 102.92 High 103.38 Low 102.21 Close 102.88On Monday the USD/JPY increased with 90 pips. The currency couple appreciated from 102.21 to 103.14 yesterday, matching the positive money flow...

USD/JPY breached 103.0 yesterday following rumors that BOJ will be seeking to increase current stimulus package. Governor Kuroda was seen yesterday saying that the Central Bank will keep its...

As we come to the end of another trading year, many forex traders will be wondering where the most heavily traded pair, namely the eurodollar will be heading in the future. It's a good question, so...

After a run of strong data from China, the manufacturing PMIs from the Eurozone yesterday morning also remained on the higher side of expectations. Italian manufacturing PMI hit a 2 year high, while...

EUR/USDThe dollar strengthened against the euro and most other currencies on Monday after a widely-watched factory barometer beat consensus forecasts and fanned sentiments that the Federal Reserve...

The Reserved Bank of Australia kept its cash rate steady at a record low 2.5 percent in its November review as expected. The Yen wallowed near six-month low against the dollar and five-year lows...

EUR/CAD continues to rise inside the 30-minute Triangle chart pattern that was earlier identified by Autochartist – as you can see from the following chart for this currency pair. The overall...

EUR/USD Daily Analysis: A quick analysis of the last three Decembers (2010, 2011, and 2012) have shown that the first week was critical in determining the direction of the subsequent 2 weeks. So, for...