Forex Opinion & Analysis

Dollar Can’t Gain Traction at Multi-Year Highs, Watch USD/JPYAnother day, another two-and-a-half year high from the Dow Jones FXCM Dollar Index (USDollar). Yet, ‘new high’ gives a...

USD/JPY Open 99.51 High 99.77 Low 99.17 Close 99.45On Wednesday, the USD/JPYntraded within 60 pip range. The currency couple depreciated from 98.47 to 99.55 yesterday, not matching the positive money...

EUR/USD - European SessionThe pair moved to the upside yesterday as expected. The failure to achieve four-hour closing below 1.2970 was due to the upside move and is expected to move further by...

GBP/JPY Daily OutlookDaily Pivots: (S1) 151.20; (P) 151.75; (R1) 152.40;Intraday bias in the GBP/JPY remains neutral for the moment. Consolidation from 153.86 might extend with another decline. Below...

GBP/USD Open 1.5269 High 1.5335 Low 1.5225 Close 1.5257On Wednesday, the GBP/USD traded within narrow 50 pip range. The Cable appreciated from 1.5225 to 1.5288 yesterday, in line with the neutral...

Market CommentaryThe Dollar Index (DX) is trading near the medium term resistance of 83.40; the medium term trend range bound between 83.40 and 81.80 with negative bias; intraday support is observed...

EUR/USDTrading range: 1.3025 - 1.3100Trend: NeutralBuy at 1.3038 SL 1.3006 TP 1.3088USD/JPYTrading range: 99.55 - 98.90Trend: NeutralSell at 99.44 SL 99.76 TP 98.99GBP/USDTrading range: 1.5295 -...

Yesterday was a strange day. The consolidation part was right but otherwise very little moved with much intent. Having said that I do feel that the JPY pairs could well provide the stronger move that...

April 24, 2013 – EUR/USD (daily chart) has stalled and consolidated around the key 1.3000 support level after dropping from an intermediate high of 1.3200 established last week. The current...

EUR/USD Open 1.3001 High 1.3062 Low 1.2952 Close 1.3011On Wednesday, the EUR/USD traded within 80 pip range. The European currency appreciated from 1.2952 to 1.3034 yesterday, matching the positive...

Being contained by the support of upward trend line from 1.4831 to 1.5034, GBPUSD rebounded from 1.5197, suggesting that the downward movement from 1.5411 has completed. Further rise to test 1.5411...