Forex Opinion & Analysis

For the 24 hours to 23:00 GMT, the USD rose 0.91% against the CAD and closed at 1.3407. In the Asian session, at GMT0400, the pair is trading at 1.3407, with the USD trading flat against the CAD from...

For the 24 hours to 23:00 GMT, the USD rose 0.55% against the CHF and closed at 0.9840. In the Asian session, at GMT0400, the pair is trading at 0.9828, with the USD trading 0.12% lower against the...

For the 24 hours to 23:00 GMT, the USD rose 0.5% against the JPY and closed at 105.64. In the Asian session, at GMT0400, the pair is trading at 105.18, with the USD trading 0.44% lower against the...

For the 24 hours to 23:00 GMT, the GBP rose 0.36% against the USD and closed at 1.2413. In economic news, UK’s total trade deficit expanded more-than-anticipated to a level of £5.2...

For the 24 hours to 23:00 GMT, the EUR declined 0.86% against the USD and closed at 1.0918. Yesterday, the European Commission, in its first economic forecasts since the Brexit vote, raised the...

The market quickly pivoted from yesterday’s doomsday scenario to refocus on what President Elect Trump means for both the global and US economy. Of course, this will take some time to understand...

GBP/JPY Daily OutlookDaily Pivots: (S1) 127.90; (P) 129.81; (R1) 132.93; GBP/JPY's rebound from 122.36 resumed and takes out 132.21 resistance. Intraday bias is back on the upside for 138.81 key...

Short Term Elliott wave cycles suggests that decline to 1.418 ended wave W and bounce to 1.4885 ended wave X. Decline from there is unfolding as a zigzag where wave (a) is in progress as 5 waves and a...

EUR/USD: The pair rejected its intra day gains to close lower on Thursday. This development leaves risk lower in the days ahead. On the down, support lies at the 1.0900 level where a violation will...

It has been a choppy 12-16 hours in the FX markets, with the market ready to buy the USD on a Clinton win to the US presidency, while sellers were ready for a Trump win. Going into the vote count,...

On the NZD/USD chart we are looking at a probable corrective retracement taking place, with price trading higher this week, in final wave C. As we see on the 4h chart, pair reached resistance area...

The EUR/USD 5-minute chart had a 200-point rally and then a 200 point selloff. It is forming a wedge bottom at the low of the rally. The odds favor 2 legs sideways to up and then a trading range. The...

EUR/JPYCurrently we are 114.27. If we can break this support, we are looking for an move to the 0.786 Fibo @ 113.13. The overall target is 112.34. The average daily true range (ATR) for the pair...

AUD/USD WEEKLY After breaking the 3-year falling trendline resistance the rate has found the horizontal 0.7750 resistance once again and is now trading within a very narrow range between this level...