Forex Opinion & Analysis

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...

The U.S. Dollar traded mixed and declined against the euro as fears over the looming fiscal cliff continued to affect market sentiment. According to sources, Republican lawmakers have proposed cuts in...

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...

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...

December 3rd's market went as per our forecasts. Reminder this is NFP week, you will range bound movements with sudden swings following it. Today, I'm expecting the US dollar to weaken across the...

EUR/USDTrading range: 1.3095 - 1.3195Trend: UpwardBuy at 1.3107 SL 1.3075 TP 1.3184USD/JPYTrading range: 82.00 - 82.95Trend: UpwardBuy at 82.13 SL 81.81 TP 82.85GBP/USDTrading range: 1.6095 -...

The US dollar took losses against virtually all of its main currency rivals yesterday, as concerns that US Congressional leaders will not be able to resolve a budget dispute before automatic tax...

USD/JPYUSD/JPY had been in a corrective wave [4] from its Nov’11 low at 75.55. The key resistance for the uptrend is at 84.20 followed by 85.50/85.75. A break above 87.15 would invalidate...

Market CommentaryThe US dollar depreciated across the board; the common currency, the cable continued to appreciated against the USD; the aussie depreciated but the short-term range bound trend...