Forex Opinion & Analysis

To start with, it's worth pointing out that even if the low volume environment is suppressing directional biases from a higher timeframe perspective, it doesn't mean there is a deficit of...

Daily FX Market Roundup March 21, 2019Kathy Lien, Managing Director of FX Strategy for BK Asset ManagementThe dovishness of the Federal Reserve should have been widely negative for the US dollar but...

The EUR/USD daily Forex chart had a big bull trend day yesterday. By breaking above the February 28 major lower high, it ended the bear trend that began on January 10. The chart is once again...

USD/CAD eyes more upside pressure on corrective recovery as it saw a rally on Thursday. Support comes in at the 1.3300 level where a break will aim at the 1.3250 level. Further down, support comes in...

The most volatile session since the flash-crash saw USD/JPY break convincingly lower from its triangle formation. Moreover, it closed beneath the prior swing low and cluster of moving averages (50,...

Post-Fed, the Doves are on parade, treasury yields have fallen and bets for a cut in 2019 have increased. Certainly not a bad day in the office if you’re bearish USD.Bond markets are hinting...

AUD/USD- NZD/USD Daily Forecast - March 21, 2019 AUD/USD meets minor resistance at 7156/60 then strong resistance at 7200/10. A sustained break above 7220 is a longer-term buy signal. Minor support at...

AUD/CHF Bearish: Currently we are at 0.7082 in a rising wedge and in a range and a nice channel. IF we can break slope support here, we are looking for the continuation to the ATR target at 0.7015....

MyFXspot.com Trade Ideas EUR/USD: long at 1.1390, take profit at 1.1590, stop-loss 1.1290 USD/JPY: sell at 110.90, take profit at 109.00, stop-loss 111.85 XAU/USD: long at 1300.00, take profit at...

EUR/USD has steadied on Thursday, after strong gains on Wednesday. Currently, the pair is trading at 1.1404, down 0.08% on the day. On the release front, there are no German or eurozone indicators. In...

GBP/CAD traded lower during the European morning Thursday, breaking below the support (now turned into resistance) line of 1.7515 defined by yesterday’s low. Yesterday, already trading below a...

The Federal Reserve has taken both rate hikes off the 2019 projections and promised to reduce the pace of quantiative tightening. Here's what that means for FX markets.USD: The Fed Is DoneThe Fed...

Less than three months ago, on January 7th, we published an analysis of NZD/USD. It was trading near 0.6750 at the time, following a sharp decline from 0.6970. However, instead of simply extrapolating...

GBP/AUD continues to fall inside the daily Up Channel chart pattern which was previously identified by Autochartist. Autochartist rates the quality of this Up Channel at the 7-bar level – which...