Forex Opinion & Analysis

AUD/NZD is higher, but divergence on the RSI and the wave structure itself suggests that upside is limited, as pair can be in wave 5. As such, a three wave retracement can occur this week, ideally...

GBP/USD: Having GBP extend its weakness during Monday trading session, it looks for further decline in the days ahead towards the 1.5026 level. This is consistent with its downside pressure triggered...

The most notable event came in the form of the Saudi Press Agency, who said that the government would do all it could to ensure price stability in the oil markets. An immediate uptick was seen in WTI...

US traders are dragging themselves to work for a holiday-shortened week, though they are likely to have increasingly urgent daydreams about Thursday’s coming gluttony and tryptophan-induced...

The EUR/USD daily chart is continuing down in its attempt to test the April high low, or the March low. The selloff over the past month has had many big bear trend bars, but each has had bad...

The resumption in optimism that the Federal Reserve might finally begin raising US interest rates in December has encouraged devoted bullish investors to reinvest back into the Dollar. Sentiment...

Key Fundamental Forex Events for the Week of November 16th through November 20th The following table lists the key economic data and other events that came out during the week of November 16th through...

After a steady growth, the GBP/USD pair fell from 1.5300 to 1.5180 last Friday. Today, there are no macroeconomic publications from the UK and US data is unlikely to notably influence the price...

EUR/USD (1.06): EUR/USD failure to close above 1.0697 saw prices break down during Friday's session, closing at 1.0646. Prices gapped lower earlier today and the outlook seems to be bearish below...

EUR/USDCurrent level - 1.0621 The downtrend from 1.0750 high is intact, heading towards 1.0520 minor support. Initial intraday resistance lies at 1.0625, followed b the major one at...

USD/JPY - resistance at level 123.20 is a trouble for demandSince mid-October USD/JPY moves in uptrend. This isn't a vertical upward movement, but higher highs and higher lows show that trend is...

GBP/USD holding below 1.5205 keeps the outlook negative and targets 1.5180/75 then the best support of the day at 1.5140/35. A bounce from here could target 1.5180/75 but longs need stops below...

EUR/USD closing in on 1.0615 lows. Outlook negative despite oversold conditions and there is nothing to say we will hold 1.0615. A break lower targets 1.0570/65 then April lows at 1.0529/19. Outlook...

USD/JPY outlook is less positive and failure to hold above 122.90/85 targets 122.65/60. If we continue lower, look for strong support at 122.40/35 with a low for the day expected. Try longs with stops...