Forex Opinion & Analysis

Dollar Likely to Find Greater Drive in NFPs than FOMCThe dollar advanced against all of its primary counterparts this past session – a move that contradicted the prevailing risk trend for the...

GBP/JPY Daily OutlookDaily Pivots: (S1) 150.96; (P) 152.09; (R1) 153.25;Intraday bias in the GBP/JPY turned neutral first. The consolidation from 153.86 could extend with another decline. Below 150.74...

A critical reversal today in EURUSD that entirely rejected the attempt above the 1.3200 level that took place in thin trading yesterday as we saw EURUSD swooping back into the old range post-ECB...

EUR/USDTrading range: 1.3050 - 1.3150Trend: UpwardBuy at 1.3063 SL 1.3031 TP 1.3140USD/JPYTrading range: 97.85 - 98.55Trend: NeutralBuy at 97.96 SL 97.64 TP 98.41GBP/USDTrading range: 1.5505 -...

AUD/USD (daily chart) has dropped to a 1.0220 low in early Thursday trading, retesting the same low that was established just a little over a week ago. This occurs within the context of a short-term...

You’ve heard of Government Health Warnings? I think the “H” needs to be changed to a “W.” Yesterday’s premature reversal in the Europeans is beginning to look...

The USD/CAD remains in downtrend from 1.0293. The rise from 1.0051 is likely consolidation of the downtrend; resistance is at 1.0145. As long as this level holds, another fall could be expected after...

On cable we can count five completed waves-up in wave C that show signs of a top around 1.5606 because of the ending diagonal in wave 5, divergence on the RSI and now also accelerating price action...

What a morning it has been in the forex market! The euro shot above 1.32 after the European Central Bank’s rate decision but sold off aggressively when Mario Draghi said the ECB has an...

Currently we are at 83.36 and the long awaited bounce has occurred. We are looking for a break of the wedge and then a move above the 83.65 would target the R5 at 84.32. After that a continuation up...

While April was a great month for me, May is off to a poor start -- I'm down 1% already. Below is the latest trade I placed, going long AUD/USD. I entered at 1.025 with a target of 1.043 and a stop at...

A sure thing is always a dangerous bet and more so when it’s in reference to the ECB. However, it’s widely expected that that they will cut the benchmark interest rate by -0.25% to +0.5%...