Forex Opinion & Analysis

USD/JPY Open 82.81 High 82.34 Low 81.71 Close 81.88On Tuesday USD/JPY continued decreasing with 50 pips. The currency couple depreciated from 82.19 to 81.71 yesterday, matching the negative money flow...

AUD/CAD continues to rise after the recent breakout of the well-formed Triangle chart pattern identified by Autochartist on the daily charts. Autochartist rates the overall Quality of this chart...

Recap: Price flirted with – but did not break – our rising support yesterday so we stayed flat on this pair. Surprisingly UJ was the only pair that had a trade setup triggered (20 pips...

U.S. Dollar Trading (USD) the dollar was sold across the board even with soggy US stocks as the "fiscal cliff" negotiations continued and little progress being made. The Bank of Canada held Interest...

Though general market conditions are not conducive to maintaining trends and US equities – as a benchmark for risk appetite – have floundered, the safe haven dollar has nevertheless...

Technical Major CurrenciesEUR/USD The pair moved to the upside to breach the key support level of the sideways range as shown on the chart threatening the suggested scenario of a possible downside...

GBP/JPY Daily OutlookDaily Pivots: (S1) 131.45; (P) 131.91; (R1) 132.27With 130.45 minor support intact, we're staying cautiously bullish in GBP/JPY. Current rise from 125.67 is is part of the whole...

EUR/USD: The market has broken that long-term trend line from May 2011 to test the 38.2% level at 1.3092. This level has support from the top of a falling channel from the swing high of September 17....

GBP/USD Open 1.6098 High 1.6131 Low 1.6085 Close 1.6094On Tuesday GBP/USD continued increasing insignificantly with 45 pips. The cable appreciated from 1.6085 to 1.6131 yesterday, in line with the...