Forex Opinion & Analysis

EUR/USDTrading range: 1.3125 - 1.3050Trend: NeutralSell at 1.3111 SL 1.3143 TP 1.3061USD/JPYTrading range: 98.20 - 98.90Trend: NeutralBuy at 98.33 SL 98.01 TP 98.78GBP/USDTrading range: 1.5395 -...

AUD/USD suffered a further sell-off on Thursday, reaching a low of around 0.916. Since then, price has been trading in a relatively stable range, trading sideways for most of Friday above 0.92 and...

Friday’s forecast was in the right direction for the most part. Expecting to see some further action on US Dollar. Looking like US Dollar could gain some steam while Japanese yen could be...

The strengthening of USD last week after Bernanke’s QE Tapering talks was a huge boost to the slumping USD/JPY, which was on its way lower after the capitulation of confidence in BOJ and...

Market CommentaryThe Dollar Index (DX) is trading firm at 82.60 ranges after appreciating from 80.60 ranges last week. The DX is expected to test interim resistance of 83.40 ranges until it manages to...

EUR/USD Open 1.3102 High 1.3254 Low 1.3081 Close 1.3117On Friday, the EUR/USD continued decreasing with 155 pips. The European currency depreciated from 1.3254 to 1.3097 on Friday, matching the...

We did see the U.S. dollar correct lower on Friday but nowhere near as much as I had expected. The resumption of the upside therefore came as a bit of a surprise although more from the point of view...

The USD/JPY’s upward movement from 93.79 is extending as high as 98.56. A further rise could be possible, and the next target would be at the 100.00 area. However, the rise from 93.79 would...