Forex Opinion & Analysis

Thursday was quite a key day it seems. The depth of the decline in EUR/USD has confirmed the top is in place. The strength in USD/JPY appears to suggest that the 93.78 low seen back in June was the...

Wednesday’s forecast went in our direction for the most part, in fact except for one pair that didn’t have the strength to retrace to our blue zones all other pairs behaved close to what...

As usual, here are a few more observations from Thursday's developments. The charts display the day's support and resistance from the daily report issued around 2am-3am GMT which last for the rest of...

Dollar Extends Rebound but Loses Momentum Before Key BreakoutsThe Dow Jones FXCM Dollar Index extended its rebound Thursday, but it would lose its drive before the greenback could secure breakouts on...

EUR/USD Open 1.3359 High 1.3374 Low 1.3297 Close 1.3352On Thursday EUR/USD traded within 75 pip range. The European currency appreciated from 1.3297 to 1.3374 yesterday, not matching the negative...

There are times I think of dusting off my FOREX account again, since some really clean patterns ocassionally show up. One example is the New Zealand kiwi/US dollar cross-rate, which broke cleanly in...

Dollar: Lifted By Yields But Tempered By Unimpressive DataEUR: EZ Recovery Gains MomentumGBP: MPC Member Talks Possibility For More QECAD: Breaks 1.05 On Retail SalesAUD: Soars On Stronger Chinese...

The euro declined slightly as the dollar strengthened after the Federal Reserve meeting minutes showed the US central bankers were all in agreement about tapering the bank's bond buying plan. The...

We’re at a potentially big turning point for the Euro against the US Dollar as our forex sentiment data favors Greenback strength. What could confirm?Our proprietary Speculative Sentiment Index...

The USD/JPY has risen to the top of a descending channel that has been in place since early July. This channel resistance is reinforced by the 50-day moving average. For the past two-and-a-half weeks,...

The Canadian dollar continues to lose ground against its US counterpart. USD/CAD has pushed above the 1.05 line early in Thursday’s North American session. The Canadian dollar has lost close to...

The U.S. dollar continues to trade higher against most of the major currencies this morning with USD/JPY leading the gains giving investors hope that the currency pair is finally waking up to the rise...