Forex Opinion & Analysis

It is back to the basics for the foreign exchange market this week with the U.S. government open for business and slowly returning to normal conditions. In the short term this means delayed economic...

Here’s How We Like Trading- Dollar weakness looks likely to continue on extremely one-sided sentiment - Extraordinarily low volatility and a high-flying S&P 500 likewise favors USD losses -...

Talking Points Prices are testing resistance at 1.3679 (38.2% Fib expansion) Negative RSI divergence warns a move lower may be ahead Initial support at 1.3600 (23.6% Fib); below that eyes 1.3472 (Oct...

GBP/USD: surge through 1.6120, with aims at 1.6255 for 1.6382Despite a cautious tone on an approach to the 1.6255 Sept peak, the Thursday surge higher signalled a constructive bias within a still...

The USD/JPY has edged higher as we begin the new trading week. The pair is trading slightly above the 98 line in Monday's European session. In economic news, the Japanese trade deficit widened,...

Strategy in Play:The GBP/USD is forming a Head & Shoulder pattern on a 30 minute time frame. If this pattern does play out completely, we could easily see the price near the minor support zone...

Currencies EUR/USD- the pair is consolidating in a resistance zone on a 30 minute time frame. The RSI is showing that bias could be to the downside.USD/JPY- the pair has formed a double top on a 30...

EUR/USDThe pair finished the session lower as market participants positioned for a raft of risk events which are due to take place this week, which includes the delayed jobs report from the BLS for...

Currently we are at 95.41. If we negate the head and shoulders pattern we are looking for a bullish continuation to the Resistance at 95.90. The average daily true range (ATR) for the pair currently...

After rising to eight-month highs last week, EUR/USD is showing little change as we start the new trading week. The pair is trading in the high-1.36 range in Monday’s European session. With the...

This week the market is playing catch up. A plethora of missed US fundamental releases now get to see light of day beginning with tomorrow's non-farm payroll report. Investors are eager to get their...

NZD/USDThe dollar story continued to dominate trading in Europe at midday as the US currency continued to tank. The best performing G10 currency was NZD, which had been the worst performing one when...

This week the scorecard recommends buying the USD, NZD, AUD while selling the GBP, NOK, CHF Last week's sell-off in the USD as a result of the last-minute deal on the US debt ceiling is the key...

The Cable had a similar situation with the EUR/USD, and also created a head and shoulders formation in the mid-term chart. Similarly, this formation was denied, and bears were not able to manage...