Forex Opinion & Analysis

Cable has continued to decline over the last few trading sessions which isn’t entirely surprising. As mentioned in last Thursday’s post, the formation of the bearish engulfing pattern...

For most of the last two years, the Swedish krona has been one of the worst-performing G10 currencies, even managing to weaken by over 15% against the embattled euro since bottoming in early 2013. The...

USD/CAD crumbling under weight of long dollar positions BoC decision is anyone's guess USDX rally will limit Canadian dollar gains Bank of Canada rate decision aheadThe Bank of Canada (BoC) rate...

The North American trading session has been underwhelming for stocks and the USD so far as Canadian data has earned a majority of the attention in early trade. The lack of US data points has given way...

EUR/USD did it best to hold above the 1.1200 figure, but failed. The pair is gradually approaching the January low of 1.1097 – break lower would open a direct way to parity. Euro zone released...

AUD holds onto overnight RBA gains while CAD sees strength on the back of better than expected GDP ahead of tomorrow’s BoC rate decisionWith no tier 1 data out of the US today, focus in FX...

Look, up in the sky. Is it a bird? Is it a plane? No its Super Dollar! Able to leap Emerging Market currencies in a single bound, more powerful than the Chinese Yuan locomotive and faster than a...

Following a bounce above the central rate, EUR/DKK dropped yesterday to 7.4530, indicating that the DKK appreciation pressure has not passed. In March, Danish companies pay dividends to investors,...

Making sense (cents) of US Dollar by utilizing harmonic patterns offers targets, important support and resistance regions and risk parameters. Looking at the weekly chart offers a longer term view of...

RBA keeps rates on hold Abe’s Aide guides Yen higher Will CAD’s GDP influence BoC Poloz? Market to focus on NFP Capital Market are finally on the move, albeit somewhat slow. Record low...

USD/JPY Open 120.17 High 120.27 Low 119.57 Close 120.10 On Monday USD/JPY increased with 70 pips. The currency couple appreciated from 119.57 to 120.27 yesterday, matching the positive money flow...

Many are asking why the USD is continuing to rise against its trading partners despite strong evidence being seen yesterday that economic momentum is slowing down, easing pressure on the Federal...

EUR/USDCurrent level - 1.1180 The bias here remains negative below 1.1240 minor resistance, for a slide towards 1.1097 low. Key hurdle on the upside lies at 1.1280. resistance intraday intraweek...

*All the charts are 30M charts with daily pivot points.AUD/USD Market Scenario 1: Long positions above 0.7775 with target @ 0.7878. Market Scenario 2: Short positions below 0.7775 with target @...