Forex Opinion & Analysis

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 -...

Market CommentaryAfter finding support at 81.90, the Dollar Index (DX) continued appreciating to trade at 82.90 ranges. Until it sustains above 81.90, DX is poised to test 83.40 and next 84.10 ranges,...

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...

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...

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...

Market Review - 11/03/2013 21:48GMTCable falls to a fresh 2-1/2 year low on concerns of recessionThe British pound fell to a fresh 2-1/2 year low versus the dollar Monday as sentiment on sterling...

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...