Forex Opinion & Analysis

In trading, it’s often said that “being right but early is the same thing as being wrong.” By that logic, last week’s article was “wrong” when we made the bearish...

Yesterday was quite volatile for GBP/USD. The pound depreciated against the US dollar dropping to 1.4603 on weak statistics for UK inflation. The consumer price index for the last month rose by 0.2%...

The above chart from Sentiment Trader, reflects that a ton of investors have established long positions in the U.S. dollar. This chart reflects that traders have established the most unique positions...

After a parabolic rally (sell-off in the Canadian dollar) to begin the year, the USD/CAD has been working on putting in a top for the past couple of months: The key level to watch here is 1.2380...

CAD Bulls have the hammer Poloz: Oil shock front loaded for Canada Loonies three-month range in danger of being broken No new surprises from the ECB The BoC held rates as expected this morning....

There were a lot of interesting moments occurring in global markets during the North American morning trading session that has created a bit of a hodgepodge of market moves. First of all, the Chinese...

Currently we are at 1.9437 at a major resistance. We are looking for a continuation to the S6 support area at 1.9523 with an overall target at 1.9575. The average daily true range (ATR) for the pair...

Bank of Canada Rate Decision this morning at 10 AMIt’s an important day in Canada, as our central bank will hand down its key rate decision, and the NHL playoffs start this evening. Even if most...

Forex News and EventsThe weak Chinese GDP weighed on market sentiment in the Asian session. Yet, with regional equities indices at such lofty heights, investors did not need much of an excuse to cut...

GBP/USD Open 1.4772 High 1.4803 Low 1.4602 Close 1.4773 On Tuesday Pound/Dollar increased strongly with 200 pips. The Cable appreciated from 1.4602 to 1.4803 yesterday, in converse with the negative...

Today’s Binary Options Trading Strategy: • Currency Pair: USD/CAD • Timeframe: H4 (Hourly Chart) • Binary Option Trading Recommendation: Seek binary call options on dips below...

It has been mentioned previously that as we entered the second quarter of 2015, the USD would be vulnerable to sudden downside risks if economic data eases back pressure on the Federal Reserve to...

*All the charts are 30M charts with daily pivot points.AUD/USD Market Scenario 1: Long positions above 0.7610 with target @ 0.7665. Market Scenario 2: Short positions below 0.7571 with target @...