Forex Opinion & Analysis

GBP/USD first resistance at 1.5535 is probably the best selling opportunity for today. Shorts need stops at 1.5560. A break higher is more positive & targets 1.5580/85. if we continue higher look...

EUR/USD support at 1.1235/30 held only for a few hours before we got to within ten pips of the next target of 1.1170/65. The pair lacking any direction for five months now. We are oversold short term...

AUD/USD is oversold short term, so a small recovery looks likely this morning. Holding good support at 7130/20 allows a move to 7150/55. We should struggle here, but further gains offer a selling...

Good morning. Hope all is well! We seem to have had a bit of a turmoil on our forecasts for yesterday with only a 43% accuracy. We did end up taking a mixed stance for both USD and the yen. Through...

The correction, when it came, was a shallow one. I particularly dislike these shallow corrections because they can come with some kinks in them that make things easy to misjudge. In the process I like...

A follow-through lower on the back of two rejection candle formations on Monday has cleared the way for more AUD/USD weakness in the days ahead. On the upside, resistance lies at the 0.7150 level. A...

Key Highlights · Aussie Dollar after failing miserably around the 0.7280 level traded lower against theUS dollar. · The AUD/USD pair broke a major support trend line, which ignited a...

By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.Euro: Look Out Below One of the worst-performing currencies Monday was the euro, which lost more than 1% of its value against...

While some financial market participants lauded the recent decision by the Federal Reserve to leave monetary policy unchanged as the best decision for financial markets, many other investors have...

Daily FX WrapGains in the USD fueled price action across FX markets, in what has been a relatively quiet start to the week thus far. USD strengthened against its major counterparts around the North...

The financial markets had strong moves after Thursday’s FOMC report, but the Forex markets remain in trading ranges. Until there is a breakout up or down, every strong move is a leg within the...

Main scenario:The pair is trading along an sideways trend between resistance 1.1390 and support 1.1265. An uptrend will start as soon, as the pair rises above resistance level 1.1390, which will be...

Autumn (in the Northern Hemisphere) doesn’t officially start until Wednesday, but based on today’s lackluster trading, traders are already feeling the end-of-summer blues. Global equities...