Forex Opinion & Analysis

Dollar Eases a Second Day as Dow Matches Strongest Rally in YearsThe Dow Jones FXCM Dollar Index (USDollar) hasn’t fallen for three consecutive days since December 12. Yet, greenback weakness in...

While everyone is talking about the Sterling Pound or Euro and their weakening outlook, our currency for today is the New Zealand Dollar. We expect it to go long intraday.

EUR/USD - European SessionThe EUR/USD pair moved to the upside, benefiting from stability above 1.3000 levels again. This rise remained limited below 1.3080 levels. Stability below 1.3080 levels keeps...

EUR/USDTrading range: 1.3020 - 1.3125Trend: UpwardBuy at 1.3034 SL 1.3002 TP 1.3111USD/JPYTrading range: 95.95 - 95.05Trend: DownwardSell at 95.83 SL 96.15 TP 95.11GBP/USDTrading range: 1.4910 -...

EUR/JPY Trying twice to clear out the 126 figure, the pair failed to take out the upside. It found buyers at the dynamic support and 20ema, which then took a third stab at the upside, but failed,...

GBP/USD has just broken below the 1.5000 major psychological level in the past week but the pair appears prime for a retest within the day. Using the Fibonacci retracement tool on the recent swing...

EUR/USD Open 1.3027 High 1.3075 Low 1.2990 Close 1.3026Tuesday: the EUR/USD traded within 85 pip range. The European currency appreciated from 1.2990 to 1.3075 yesterday, matching the neutral money...

BIAS: While 1.0345 caps we should see a pullback to 1.0284-05 before higher againResistance: 1.0345 1.0367-74 1.0391 1.0402-17Support: 1.0284-05 1.0266 1.0237 1.0218MAIN ANALYSIS: Price extended a...

The market retained the erratic and most indirect manner of getting from point (iv) to point (v) and in the process keeping a range of 200 points for the past two weeks. It certainly drains the...

AUD/USD (daily chart) as of March 12, 2013 has continued its rise from major support within the wide, 8-month trading range. This climb began on a key hammer candle last week that indicated yet...