Forex Opinion & Analysis

Currently the EUR/NZD is at 1.5761. We are looking for a continuation to third wave R5 area at 1.5838 before a correction. The average daily true range (ATR) for the pair currently is 82 pips.

USD/JPY continues to post gains on Wednesday, as the pair has climbed to the low-102 range. The yen has been struggling, and has surrendered about 100 points in just over a week. On the release front,...

"The FOMC statement falls into the realm of low probability high impact event – i.e. unlikely to surprise, but if it does, it has some obvious capacity to have considerable market fall-out....

Forex News and Events: There is always need to worry about the safe haven inflows, especially when considered as a solid destination, a safe island in a world squeezed by political, geopolitical,...

After an elongated narrow range with a real lack of movement or interest, Bitcoin has now been trading in a narrow, downward range for the past few sessions. The digital currency is in a perfect lower...

Following last Thursday’s US Initial Jobless Claims dropping to an 8-year low, the USD/CAD extended above its symmetrical triangle on the Daily timeframe. The conclusion of the symmetrical...

Market BriefThe international flows continue favoring the US dollars as EU and US officials prepare to impose further package of sanctions against Russia. Although the USD is better bid across the...

The dollar rallied close to a 6-month high on Tuesday versus the majority of its Forex counterparts as most experts predict that the economy may still gather momentum. They also believe that the...

Main scenario:The GBP/USD is trading along a sideways trend.The downtrend may be expected to continue in case the market drops below support level 1.6960, which will be followed by reaching support...

Main scenario:The EUR/USD is trading along a sideways trend.The downtrend may be expected to continue in case the market drops below support level 1.3425, which will be followed by reaching support...

EUR/USD Negative pressures are still ongoing within the downside move that targets 1.3375 represented in 50% correction showing on graph. A break below 38.2% correction at 1.3525 forces us to keep our...

GBP/JPY Daily OutlookDaily Pivots: (S1) 172.75; (P) 172.97; (R1) 173.24; GBP/JPY continues to stay in right range above 172.36 support and intraday bias remains neutral for the moment. On the...

The euro continues to lose ground on Wednesday, as the EUR/USD trades below the 1.34 level in the European session. On the release front, it's a busy day, with three key events out of the US - Advance...