Forex Opinion & Analysis

Background is weak – it is ok for short trades. There is no weak signal before the entry – it is a mistake to enter the market if you do not have confirmation from strong/weak signals....

Many years ago, if you asked someone what drove stock prices, they would give you a simple, honest answer: earnings. If a company had strong earnings, and those earnings were projected to grow, then...

The AUD/USD pair rallied strongly on Tuesday leaving risk of more strength on the cards. This is coming on the back of its recent corrective recovery offensive triggered from the 0.6936 level, its...

GBP/CADBest reading of the cycle suggests that rally to 2.057 ended wave X. From this level, the pair resumed the decline in wave ((w)) as a double three structure wxy, where wave w ended at 2.0168,...

Knowing how different market conditions affect the performance of your strategy can have a huge impact on your returns.Certain strategies will perform well in highly volatile, choppy markets while...

Financial markets are enjoying risk-on sentiment as the US labor market figures last week decreased expectations for a rate hike in 2015. Traders now await the FOMC meeting minutes release on Thursday...

EUR/USD And AUD/JPY Long MAJOR PAIRS: MAJOR CROSSES: How to read these tables? 1. If Position/Trading Idea is "LONG/SHORT" it means we have already taken this position at the Entry Price and expect...

In what was otherwise a very quiet overnight session, the audusd edged higher as the Reserve Bank of Australia (RBA) maintained a neutral bias in its monetary policy meeting. As widely expected, the...

The euro and yen continued to have small ranges and day traders will continue to look for 10 – 20 pips scalps. If there is a strong breakout up or down, they will try to swing trade for 50 pips....

EM economies have not bottomed out yet – the worst is still to come!Mixed Signals on EM Economic Performance Mainstream economists are of the opinion that the emerging market economies and...

Earlier today, official data showed that German factory orders fell unexpectedly in August, while industrial orders declined by 1.8% from a month earlier, missing expectations for a 0.5% increase....

EUR/USD Outlook Short Term (1-3 Days): Bearish – Medium Term (1-3 Weeks): Bearish Fundamental: The European session saw mixed trading for the euro with European equities firming initially in the...

AUD/CHFCurrently we are at 0.6920 in a well-defined range. We are looking to continue to the 0.618 Fibo support area at 0.6819 with an overall target at 0.6769. The average daily true range (ATR) for...

When looking at the Top 10 in the Monthly Ranking and Rating list, we can see that for the coming month, the following stronger currencies are well represented for going long: USD (4X) followed by the...