Forex Opinion & Analysis

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...

Cable has been on a downtrend for the past few weeks, and has recently made a strong break below the 1.5000 major psychological support level. This confirms that the selloff is really strong and that...

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...

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...

Another quiet start to the week following last week's rather busy Thursday and Friday.Poor French Industrial Production and Italian GDP figures didn't really stop the Euro grinding higher today.Retail...

In the light-on-economic-data week ahead, the political drama in Italy will come to the forefront of investors’ attention as the new Italian parliament convenes for its first session following...

EUR/JPY (daily chart) as of March 11, 2013 has resumed its bullish rebound toward 128 having recovered from a significant downside correction just a few weeks ago that broke below major support areas,...

Currency markets continued to muddle through the start of the week with most of the pairs remaining in very tight ranges through midday North American trade. With no economic reports on the calendar...

Nearer-term $ index outlook: $ index remains firm near recent highs, but the sharp gains from Feb. 1 are seen part of a much larger period of wide ranging (months) and not the start of a major, new...

EUR/USDThe bearish patter remains firmly intact for EUR/USD and there is a risk of further downside should the pair break the December low seen at 1.2876, which once broken opens the door towards the...