Forex Opinion & Analysis

Market CommentaryThe Dollar Index (DX) is trading firm above the interim resistance of 83.70 to currently trade at 83.80 ranges; only daily close below 82.80 would result in correction else the USD is...

GBP/USD negative range bias sees risk skewed for further erosionErosion over the past 24 hours leaves risk to support and still sees a defensive bias to the non-trend theme since the break through...

1.3080 held the topside yesterday. This is where the sellers were waiting and they continued with their annihilation of the buyers, sending the market spiralling lower until it tested the support line...

Our cross went up exactly in the way that we thought yesterday, reaching 131.12 and correcting till the support level of 130.30. In this area we have several Fibos and yesterday in the morning we said...

The USD/JPY pair is trading near its resistance zone on a 30 minute time frame. The price is trading above the 50 day (shown in green) and 100 day (shown in yellow) moving averages which confirms that...

Risk appetite has nosedived this morning amid new EU woes due to the situation in Portugal. The Aussie, meanwhile, was driven to a new low for the cycle in the wake of mostly bad economic data.The...

USD/JPY Open 100.74 High 100.86 Low 99.50 Close 100.57On Tuesday Dollar/Yen continued increasing with 120 pips. The currency couple appreciated from 99.50 to 100.73 yesterday, matching the positive...

The USD/JPY is trading higher, and is now forming a much sharper and extended pull-back from 93.78 than previously thought. However, the rise is still in three waves with wave C now approaching the...

GBP/USD Open 1.5148 High 1.5239 Low 1.5129 Close 1.5150On Tuesday Pound/Dollar decreased with 100 pips. The Cable depreciated from 1.5239 to 1.5135 yesterday, in line with the negative money flow...

EUR/USDTrading range: 1.2985 - 1.2885Trend: DownwardSell at 1.2975 SL 1.3007 TP 1.2898USD/JPYTrading range: 100.50 - 101.45Trend: UpwardBuy at 100.60 SL 100.28 TP 101.32GBP/USDTrading range: 1.5170 -...

Tuesday’s forecasts went in an out direction for the most part, except for the two hedged pairs all others behaved close to what was thought possible, so looks like the hedge pairs correlated...

Dollar Breaks to 3 Year High Before Holiday, Taper Market ShakeupThe Dow Jones FXCM Dollar Index (USDollar) rallied above 10,875 this past session to break through to fresh three-year highs. This move...

Tuesday was a very bad day for bulls on the EUR/USD. The first few steps in the European session were quite successful but later in the morning, the pair dropped heavily. Troubles first started when...