Forex Opinion & Analysis

USD/CAD continues to fall after the recent breakout of the daily Rising Wedge chart pattern that was previously identified by Autochartist – as you can see from the following trade opportunity...

EUR/USD Daily Analysis: The Euro has accelerated gains this morning, getting as high as 1.3807 but, so far, has failed to sustain a break above 1.3800. Ultimately a break above 1.3820 (the April...

For the 24 hours to 23:00 GMT, AUD weakened/ strengthened x.xx% against the USD to close at x.xxxx.Yesterday, the IMF opined that due to subdued investment in Australia’s mining sector, economic...

For the 24 hours to 23:00 GMT, the USD declined 0.39% against the CAD to close at 1.0930.The Canadian Dollar gained ground, despite official reports revealing that the housing starts in Canada slipped...

For the 24 hours to 23:00 GMT, the USD declined 0.44% against the CHF and closed at 0.8839.The Swiss Franc advanced after data showed that, on a non-seasonally adjusted monthly basis, unemployment...

For the 24 hours to 23:00 GMT, the USD weakened 1.08% against the JPY and closed at 101.96.In Japan, the Bank of Japan (BoJ) Governor, Haruhiko Kuroda, following the central bank’s decision to...

For the 24 hours to 23:00 GMT, EUR rose 0.38% against the USD and closed at 1.3794. However, the gains in the Euro-zone’s common currency were capped after the IMF, in its latest world economic...

Yesterday saw an absolute train-wreck for the US dollar, particularly in USDJPY, as that pair rushed down through the next layer of supports and even below 102.00 at times late yesterday, inflicting...

The AUD/USD continues to enjoy the bullish attention and quickly approaches 0.940 resistance. Perhaps this is the level to knock the wind out of its sails? The Australian dollar is currently trading...

Yesterday’s forecast was on the positive side and a good sign as most of the pairs behaved as we had predicted. Especially the EUR/USD, GBP/USD, USD/CAD, and USD/CHF were spot on. With the...

The GBP/USD is trading in a resistance zone on a 60 minute time frame. The pair has pierced the Bollinger band at this level, which means that the volatility for the pair is high. The piercing of the...

The GBP/USD (daily chart shown below) has rebounded back up to around the 1.6750 resistance area after having pulled back to a low of 1.6458 two weeks ago. That pullback represented a measured 61.8%...

USD/JPYBIAS: Ideally we should see 101.99-06 cap for losses - but be aware of possible consolidation today ...