Forex Opinion & Analysis

Swiss National Bank is intent upon driving the franc lowerWhen analyzing the charts of a commodity, stock or foreign exchange pair, it is always best to start with a long-term view and work towards...

The DX Can’t Break Out from the Gray Megaphone without a Retrace to 96 First DX is morphing its potential head and shoulders top into a triangle or megaphone that may be a topping pattern or...

And just like that, USD/CHF is back trading at the strongest level since the 1.20 EUR/CHF Swiss National Bank price floor was abandoned back on January 15.The Swissy is back at 10 month highs,...

Fed Inflation Target Achievable: After having declined for the previous 2 months, the US Consumer Price Index rose 0.2% in October.The 0.2% increase implies that factors such as a strong USD and lower...

EUR/GBPShort term reading of the Elliott Wave cycle suggests decline to 0.705 ended wave (W) and bounce to 0.7197 ended wave (X). From this level, pair has resumed the decline lower in a double three...

EUR/USD INTRADAY CHART BIAS: We should see losses continue to around 1.0524-72 Resistance: 1.0655-60 1.0685 1.0710-15 1.0740-57Support: 1.0630 1.0592-11 1.0563 1.0524-42 MAIN ANALYSIS: The downside...

By Kathy Lien, Managing Director of FX Strategy for BK Asset Management. The biggest story in Tuesday's forex market was the decline in EUR/USD. The currency pair dropped to its weakest level in 7...

AUD/CHF - trend reversal or only correction?Today AUD/CHF reached to 3-months high and also to a resistance. That level made reaction of the price many times this year. If that resistance (price...

The daily chart of the EUR/USD has had 3 days down from a small bear flag. The selloff from the October 22 bear breakout has had weak follow-through. This means that it is more likely a bear leg in a...

After some classic minimal data consolidation in the forex markets last week, traders are eagerly awaiting some top-tier economic reports (and hopefully accompanying volatility) this week. The first...

EUR/USD is in bearish mode for the last few weeks so it's not a surprise that pair hit new lows in recent session. We see pair in fifth wave of wave 3) now about we talked already last week, which can...

EUR/AUDCurrently we are at 1.4966 at our first target. We are looking to continue to the support at 1.4851 with an overall target to the Day support area at 1.4699. The average daily true range (ATR)...

GBP/JPY: The cross is closing in on its key resistance at the 187.68/00 levels after closing strongly higher on Monday. This upside view is consistent with its short term recovery triggered off the...

1. In the Commitment of Traders reporting week ending November 10 covers the few days before the US employment data and a few days after. Speculative participants made five significant (10k contracts...