Forex Opinion & Analysis

The technicals are lining up for a downside test, but event risks can sometimes trump the technicals. Still, it’s worth noting the implications if USDJPY heads lower from here. The technical...

AUD/USD continues to lose ground in Friday trading. In the European session, the pair was trading just above the 0.93 line. In economic news, today’s US highlight is Revised UoM Consumer...

The USD/JPY pair trading in descending triangle pattern on a 30 minute time frame. Historically speaking, these patterns in a side way market usually breaks towards the downside. The yellow rectangles...

Fundamental analysisMark carney’s comments have pushed the GBP higher against its major currency pairs. His confirmation that there may not be any need for further quantitative to spur the...

Currencies EUR/USD- the pair is moving in a sideway action on a 30 minute time frame. The RSI is showing that bias could be to the upside.USD/JPY- the pair is moving in a sideway pattern on a 30...

Currently we are at 1.6100 after the bounce on the daily chart trend wall. We are looking for a bullish continuation to the double top at 1.6165. Square up day today so watch the sellers there. The...

EUR/USDCurrent level - 1.3495Obviously the consolidation pattern below 1.3568 is still underway and my outlook here is negative again, for a break through 1.3470, en route to 1.3390. Initial...

Market Drivers for September 27th, 2013Carney say sees no need for more QE send cable flyingAussie drifts on chatter of possible rate cutNikkei -0.26% Europe -.13%Oil $102/bblGold $1324/oz.Europe and...

The little bullish flag that formed yesterday kept the market in check by holding the upper boundary and trading lower. As yet we have not made a move to the lower level which today is located at...

Firm NZDUSD bounce leaves risk back to .8370 on the way to .8460 targetA modest, but firm advance Thursday, in answer to the Tuesday plunge below the accelerated trend line support from early...

USD/JPY is coiling to the point of a large triangle. It is displaying the low volatility characteristic of the last phase of these patterns. The short-term trend is in doubt but marginally more down....