Forex Opinion & Analysis

USD/JPY The pair maintains positive tone, as extension of the upleg from 101.13, posted fresh high at 102.61 and subsequent consolidation being contained above 102.00 handle, also Fibonacci 38.2% of...

GBP/USD Cable remains well supported and surged through 1.64 barrier at the beginning of the week, with fresh high being posted at 1.6441. Completion of 1.6380/1.4812 bear-phase, opens fresh leg...

EUR/USD: Weekly ReportThe pair traded in a tight range last week consolidating above 50% correction at 1.3560 levels. Stochastic is showing intraday overbought signals being the only indicator showing...

EUR/JPY The pair remains steady and consolidates recent gains that peaked at 139.69, holding above 139.00 handle and initial support. Technicals remain positive, however, caution is required as...

EUR/USD The Euro consolidates within 1.3580/1.3620 range, after hitting fresh high at 1.3620 last Friday ahead of Fibonacci 61.8% barrier at 1.3626 and closing for the week just under 1.36 handle....

The dollar has entered December on the back foot as investors continue to bet on the global recovery with the world’s manufacturing sectors in focus today. Measures of manufacturing strength...

The Australia dollar gained, currently trading at 0.9147 up 0.40 percent, after a slew of data that left the general consensus intact of steady monetary policy by the Reserve Bank of Australia this...

CAD/CHF continues to fall after recently breaking below the key support level 0.8690 that was previously identified by Autochartist on the daily charts. The pair is expected to fall further toward the...

The USD/JPY has posted a Double Top on the 60 min charts. Now as we know we are drastically overbought on the daily charts, but not the 60 min ones. All we have on these is this Double Top. So, we...

Hourly ChartThe Indian Rupee continues to strengthen this morning, with USD/INR currently testing the 62.0 round figure support. The main reason for this gain can be attributed to inflows of funds...