Forex Opinion & Analysis

Autochartist recently identified the breakout of the extended Ascending Triangle on the hourly USD/CHF charts. Autochartist measures the length of this chart pattern at the 209 candles. The overall...

Market Drivers May 11, 2016 UK MP misses its mark Australian Consumer Confidence rises Nikkei 2.15% Dax 1.07% Oil $44/bbl Gold $1268/oz. Europe and AsiaAUD: Westpac Consumer Confidence 8.5% vs....

NZD/USD H4 The rate has formed a double top pattern and has already broken the neckline at 0.6800. It is currently testing this level as the new resistance, so my immediate bias is now lower. The...

GBP/JPY Daily OutlookDaily Pivots: (S1) 156.55; (P) 157.23; (R1) 158.48; The consolidation pattern from 151.64 is still in progress and could extend. Another rebound might be seen but upside should...

EUR/USD continues to have an uneventful week, as the pair trades slightly below the 1.14 line in Wednesday’s European session. In economic news, there are no Eurozone events on the schedule....

With some Key Economic Data scheduled for both the UK and EU over the coming days it brings EUR/GBP into play.It will be interesting to observe price action around the 38.2% Fibonacci level around...

The dollar rose against the yen on Tuesday, after Japan’s finance minister warned that officials are prepared to intervene if the country’s currency continued to strengthen.Japanese...

EUR/USD Daily forecast, 05.10.16: break up of 1.1400 will open a target on 1.1460Main scenario:The pair is trading along a sideways trend between support 1.1355 and resistance 1.1400.An uptrend will...

Gold prices moved to $1270 early today as noted in yesterday's daily report. Price action in gold is likely to form a near-term top which could see a much-needed correction start. Meanwhile, GBP/USD...

EUR/NOK correlation to oil will not break down despite the recent fall.A higher oil price is good for the Norwegian economy long-term: short-term a stronger NOK creates headwinds. Short- to...

The USD/JPY rally might have come to an endThe USD/JPY surged higher in the past two days to touch 109.35 high following BOJ QQE upgrade. Central bank monetary policy intervention will shape the trend...

The US dollar eased from its highs following a two-day rally as profit taking dragged the currency lower in Wednesday’s Asian session. The greenback came off from its peak against the yen at the...

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD strengthened 0.72% against the USD to close at 0.7370. LME Copper prices declined 0.62% or $29.5 /MT to $4710.0 /MT. Aluminium prices...

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.33% against the CAD to close at 1.2915. In the Asian session, at GMT0300, the pair is trading at 1.2932, with the USD trading 0.13%...