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 -...

EUR/USD Open 1.3062 High 1.3219 Low 1.3036 Close 1.3063On Thursday Euro/Dollar decreased significantly with 180 pips after ECB. The European currency depreciated from 1.3219 to 1.3036 yesterday,...

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...

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...