Forex Opinion & Analysis

Currencies EUR/USD- the pair is moving in a side way pattern on a 30 minute time frame. The RSI is not giving any clear either.USD/JPY- the pair has broken its upward trend line on a 30 minute time...

The focus this morning for the forex market is on the euro and rightfully so given this weekend's German elections and this morning's euro-zone PMI reports. Economic activity in the euro zone...

Currently we are at 1.3515 in a sideways move which is bullish for the cross. We are looking for a continuation to the 1.3600 area. The average daily true range (ATR) for the pair currently is 81...

Despite the shooting star created on the daily chart on Thursday, the EUR/USD stayed high, and this candlestick formation did not cause any major retracement. As we all know, high levels on this pair...

Monday can be a very important day for the EUR/CHF. Technically, the pair is in the big symmetric triangle formation that supports the side trend for the last few months. Trades decrease volatility in...

EUR/USDCurrent level - 1.3520The consolidation pattern below 1.3568 is still underway and although there is risk of tighter test above 1.3450 major support, the overall bias is bullish, for a rise...

The USD/JPY has edged lower in Monday trading. The pair dipped below the 99 line, as the dollar remains under pressure following the Federal Reserve decision not to taper QE. In economic news,...

EUR/USD is steady as we start the new trading week. In the Monday European session, the pair continues to trade in the low-1.35 range. On Sunday, Germans voted in national elections, and Chancellor...

(from my colleagues Dr. Win Thin and Ilan Solot) Israel's central bank holds a policy meeting Monday and is expected to keep rates steady at 1.25%. The central bank is in limbo as the search for a new...

The USD/JPY pair has risen sharply, wrong-footing many investors who had been expecting more down-side. Thursday's unexpected surge - in particular above the 99.37 level - upset market expectations...

With the German elections over, attention now focuses on the US debt ceiling. Chancellor Merkel did exceptionally well in the German elections with an estimated 42 per cent of the vote. However, the...

In this daily CAD/CHFchart, the CAD found a bid just above the 0.8800 figure representing a76.4% retracement of the recent 0.8720 – 0.9064 range. Exit sell limits were elected around the 0.8866...

HSBC China flash PMI for September came out at 51.2 from the prior month final of 50.1, beating market expectations and reaching a six-month high. The strong PMI reading is yet another sign of growth...

The Euro doesn’t know what to do with the German election results, which will not provide Merkel with a mandate to do anything besides what she has been doing for the last four years: damage...