Forex Opinion & Analysis

The US dollar is looking slightly bullish, attempting to reverse off the recent declines. Gold prices closed in a doji pattern yesterday, and a bearish close today could confirm the downside bias,...

Yesterday’s Trading: The euro/dollar has been in a sideways trend since April Fools’ Day. All of the daily candles are similar to dojis with long shades for these days. The mixed dynamic...

GBP/USD Open 1.4263 High 1.4348 Low 1.4196 Close 1.4254On Tuesday pound/dollar decreased with 150 pips. The cable depreciated from 1.4348 to 1.4196 yesterday, in converse with the positive money flow...

GBP/USDShort-term Elliottwave structure suggests that the decline to 1.4 ended wave (B) of a larger degree triangle. Wave (C) rally is unfolding as a double three where wave W ended at 1.4348, and...

GBP/USD INTRADAY CHART BIAS: The structure has a wide range of upside possibilities but the emphasis should be lower Resistance: 1.4276 1.4293-97 1.4322 1.4347Support: 1.4225-50 1.4196 1.4170...

I was, perhaps, a bit too early with the call for a directional move – a factor of extremely complicated whipsaws in both EUR/USD and USD/CHF. We’re still in a corrective phase within a...

The dollar strengthened, regaining ground against its peers today on the back of a reduction in global growth expectations by the International Monetary Fund for the 4th time in a row within the past...

By Kathy Lien, Managing Director of FX Strategy for BK Asset Management. Since the beginning of the year, commodity currencies have been on a tear and after a brief dip, the Canadian, Australian and...

Some potentially constructive moves in the making, with all the majors testing key levels, but led by another EUR/USD push on the upside. Technical resistance at 1.1465-70 was tested but held by a...

Every so often there is a market move that appears inexplicable. The conundrum now is the yen's strength. Of course, there are numerous attempts to shed light on its rise, but many -- like ourselves...

Trade ideas for the major currency pairs: EUR/USD, GBP/USD, USD/JPY and AUD/USD.

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...