Forex Opinion & Analysis

The daily chart of the EUR/USD has had 8 consecutive doji bars in a tight trading range. However, last night reversed down from a 3rd push up in that range, and therefore triggered a wedge top...

We should be tracking US Dollar Index very closely as ending diagonal down from 95.00 suggests that bearish trend can be reversed soon. Notice that we can count nice five waves down from end of March,...

The euro is trading at 1.1401 at this writing. The low has traded at 1.1390 while the high has traded at 1.1465. The euro is holding on to gains made yesterday. The euro has been the beneficiary of...

The Sterling/Dollar unexpectedly surged during trading on Monday and this has nothing to do with an improved sentiment towards the Pound, but ongoing Dollar weakness from diminishing US rate hike...

GBP/AUDCurrently we are 1.8604 continuing in the range but out of the wedge. We hit our first target (1.8604) and are looking to continue to the range bottom at 1.8500. The average daily true range...

USD/CHF Open 0.9544 High 0.9571 Low 0.9498 Close 0.9539On Monday dollar/franc decreased with 70 pips. The European currency depreciated from 0.9571 to 0.9501 yesterday, not matching the positive money...

Since the beginning of the week, the USD/CAD pair has been growing. The growth in pair started amid statements made by the Bank of Canada Governor Stephen Poloz on Monday. Today in the afternoon, a...

The Australian dollar has posted considerable gains on Tuesday, continuing the upward movement which started late last week. AUD/USD is trading at 0.7660 in the European session. In economic news,...

Market Drivers April 12, 2016 Aussie powers through 7650 Cable takes out 1.4300 Nikkei 1.13%% Dax 0.22% Oil $40/bbl Gold $1262/oz. Europe and AsiaAUD: NAB Business Conditions 12 vs. 8GBP: UK CPI 1.5%...

The best performer was the British pound, which climbed towards 1.4350 and provided sterling bulls a good profit. As already assumed in yesterday's analysis, the odds seemed to be in favor of an...

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD strengthened 0.37% against the USD to close at 0.7592. Yesterday, the World Bank forecasted that in China, Australia’s largest trading...

USDCAD Movement For the 24 hours to 23:00 GMT, the USD declined 0.55% against the CAD to close at 1.2906. In the Asian session, at GMT0300, the pair is trading at 1.2911, with the USD trading...

USDCHF Movement For the 24 hours to 23:00 GMT, the USD rose 0.11% against the CHF and closed at 0.9545. In economic news, Switzerland’s total sight deposits advanced to a level of CHF486.4...

USDJPY Movement For the 24 hours to 23:00 GMT, the USD weakened 0.29% against the JPY and closed at 107.94. In the Asian session, at GMT0300, the pair is trading at 108.17, with the USD trading...