Forex Opinion & Analysis

AUD/USD negative head and shoulders pattern continued to dominate with accelerated moves to the downside exactly as predicted. Last week worked perfectly with losses every day as forecast & 9080...

EUR/USD trading sideways as predicted until we unwind the oversold conditions. Friday we did edge a little higher beating 1.2957/62 to stop just 6 pips from our next target of 1.2986/96. Be aware that...

NZD/USD; Currently we are at 87.58 after a trend wall bounce. We are looking for a diagonal break and then a continuation to the 5th wave R3 area at 87.98 with an overall target at 88.34.  The...

Today's Technical Report/Commentary:The recovery faced problems late last week topping extremely close to the short term Fibonacci 38.2% level at 1.6275. A look at the attached chart illustrates that...

On the 10-year chart:"USD/CHF completed a major 5-wave sequence that began in 2000, reaching a low of 0.7071. USD/CHF broke out of the historical trend channel in mid-2012 and has since been trading...

GROWTHACES.COM Trading Positions: USD/JPY: long at 104.90, target 108.00 (we have raised the target from 107.50 previously), stop-loss 106.50GBP/USD: long at 1.6220, target 1.6400, stop-loss...

EUR/USDCurrent level - 1.2928 The consolidation pattern above 1.2858 is probably over with the recent peak at 1.2978 and the intraday outlook is already negative, for break through 1.2906 intraday...

This week the scorecard recommends buying AUD, JPY and NOK, while selling GBP, EUR and CHF. Last week's signals resulted in a 1.5% loss. Especially the long JPY position was expensive but in fact...

Forex News and Events: We are heading into an event-full week across the globe. The Scottish independence referendum (Sep 18th) and New Zealand national elections (Sep 20th) will be the key political...

Buying dips offers good risk/reward in USDCADThe US dollar was seen correcting lower during this past week against the Canadian dollar. However, the USDCAD pair found buyers around an important trend...

Market Drivers for September 15 2014Aussie slides below 9000 as Chinese data slumpsEZ Trade 12.2B vs. 15.9BNikkei closed Europe -.07%Oil $91/bblGold $1236/oz.Europe and Asia:CNY IP 6.9% vs. 8.8%CNY...

The U.S. Dollar continued to rally against the majority of its Forex peers on Friday, as speculation that the Federal Reserve may boost the interest rate sooner than it planned, increased. The Dollar...