Forex Opinion & Analysis

Hi traders,NZD/USD is trading at the end of a bigger, three-wave reversal, down from 0.694. We are tracking wave c with its five wave drop, with sub-wave iv) waiting around the corner. Possible...

EUR/JPY looks to resume downside pressure despite its present price hesitation threats. Support comes in at the 124.00 level where a break if seen will aim at the 123.50 level. A cut through here will...

The Canadian dollar has edged higher in Wednesday trade. Currently, the pair is trading at 1.3415, up 0.25%. On the release front, Canada posted a larger trade deficit than expected. The deficit...

EUR/USD Forex Market Trading Strategies On the daily chart, the EUR/USD had 2 legs down from last week’s high. If today continues to have a bull body, it will be a buy signal bar for...

GBP/JPY Bullish: Currently, we are at 146.11 in a range. We are looking for a continuation through the Slope resistance to 147.28 ATR Target. IF we can break the resistance there, we are looking for...

The New Zealand dollar fell significantly on Wednesday after the RBNZ left the key rate at 1.75% and indicated the likelihood of interest rate cuts.According to the RBNZ, "the outlook for the global...

The US stock markets and the demand for risks, in general, are growing against the background of debt markets stabilization. In addition, the asset prices recovery is supported by the comments of the...

EUR/USD continues to drift this week. In Wednesday trade, the pair is trading at 1.1276, up 0.09% on the day. On the release front, there are no major eurozone or German numbers, but ECB Mario Draghi...

EUR/JPY is looking lower after a slow three-wave corrective rally in wave iv, so watch out for another decline back to lows towards 123.50 – 123.00 area for wave v. Is this a signal for another...

Tuesday brought us the strength of the U.S. currency, which is a continuation of the movements seen on Thursday and Friday. This movement was anticipated on the main pair – EUR/USD, after...

Markets now pencilling in a full 25 basis point Fed funds rate cut this year. But in our view, there's limited scope for any imminent move down in US rates. As such, we think the dollar will stabilise...

Stating that the next OCR direction is likely to be down, RBNZ crunched their way out of neutral gear whilst NZD bulls burned rubber and headed for the exit.Summary of the March statement: The...

EUR/USD Forex Market Trading Strategies The EUR/USD daily Forex chart has an inside day yesterday. So far, today is a second consecutive inside day. If it remains that way, there will be consecutive...

NZD/USD at two-week lowThe Reserve Bank of New Zealand kept rates unchanged at today’s meeting, as expected but it was the accompanying statement that impacted the most. The Bank shifted to a...