Forex Opinion & Analysis

The yen is under renewed pressure in today's Asian session, and drops to new low against the dollar on the BoJ's easing expectations. BoJ deputy governor nominee Iwata said that it can achieve the 2%...

USD/JPY (daily chart) as of March 7, 2013 has broken out above its long-term high of 94.44 set in mid-February, establishing a new 34-month high for the pair. This renewed bullishness has been in...

GBP/USD Open 1.4902 High 1.4945 Low 1.4864 Close 1.4914On Monday, the GBP/USD traded within 80 pip range. The Cable depreciated from 1.4945 to 1.4864 yesterday, in line with the negative money flow...

EUR/USDEuropean shares paused early on Monday as Italy's credit rating downgrade hit domestic banks, taking the shine off an equity rally which remains supported by unprecedented stimulus from...

EUR/USDTrading range: 1.3045 - 1.2970Trend: NeutralSell at 1.3033 SL 1.3065 TP 1.2983USD/JPYTrading range: 96.65 - 96.00Trend: NeutralSell at 96.55 SL 96.87 TP 96.10GBP/USDTrading range: 1.4915 -...

The Yen pairs have been behaving erratic to say the least!! Here is what we think about it:JPY outlookLong term trend remains Bullish for YEN pairs. Currently corrective moves are expectedwhich will...

EUR/USD - European SessionThe EUR/USD pair’s attempt to the upside yesterday was affected by key resistance level of the descending channel, as the pair remained below. We also find Linear...

USD: NeutralThere are no major reports due from the U.S. or other major economies, so dollar pairs could simply move sideways for the rest of the day. Keep in mind that the ongoing tensions between...

There have been too many twists, not only in the plot but multiple twists in the ending too…The euro went sideways yesterday and ended the day above the resistance I thought would hold, the...

USD/JPY Gaining 9 of the last 11 days (and pretty much tracking the S&P), the USDJPY continues to trek on without showing any signs of abating. We have already eclipsed the 2012, 2011 and 2010...

EUR/USD Open 1.3029 High 1.3054 Low 1.2978 Close 1.3042On Monday the EUR/USD traded within 75 pip range. The European currency appreciated from 1.2978 to 1.3054 yesterday, matching the neutral money...

Daily FX Elliot Wave Outlook (EUR/USD, GBP/USD, USD/CHF & USD/JPY)EUR/USDTechnical ViewThe pair has been in a multiyear complex corrective down trend since July ’08 and the medium term...

USD/CAD stays in a trading range between 1.0216 and 1.0341. Support is at 1.0216, as long as this level holds, the price action in the range could be treated as consolidation of the uptrend from...