Forex Opinion & Analysis

USD/MXN bears are on fire. This market keeps falling within an extended wave three which touched some interesting Fibonacci zone down here at 18.75. There is a chance of a pullback for sure, but only...

The US Federal Reserve yesterday demonstrated a sharp easing of monetary policy plans, triggering a wave of dollar sales. Despite the fact that the markets tuned in to a very mild tone of comments,...

We were not expecting much of the hawkishness from FOMC yesterday but the amount of the dovishness was really surprising for the market participants. According to the FED, we will not receive any...

The USD was trading weaker on Wednesday after the FOMC meeting yesterday saw the Federal Reserve leaving interest rates unchanged. The Fed also signaled no rate hikes this year according to the dot...

The recovery that emerging markets have managed to build throughout the first quarter of 2019 is set to extend further after the downbeat tone that was presented by the Federal Reserve after its...

When I awoke around the early hours of the morning I had a shock. EUR/USD was rocking higher, USD/CHF lower – and also USD/JPY. However, these three pairs have only seen the Wave iii but should...

Daily FX Market Roundup March 20, 2019Kathy Lien, Managing Director of FX Strategy for BK Asset ManagementThe US dollar sold off sharply against all of the major currencies after the Federal...

The Canadian dollar is drifting in the Wednesday session. Currently, USD/CAD is trading at 1.3321, down 0.03% on the day. On the release front, there are no Canadian events. In the U.S., the Federal...

EURUSD bull pressure remains toward major resistance at 1.1419 area. This is coming on the back of its recent gain. Support lies at the 1.1300 where a break will turn attention to the 1.1250 level. A...

At the end of the week, the British currency will face new challenges: several events at once that could drastically affect the GBP trend.On Wednesday evening, the Fed's monetary policy decision will...

EUR/AUD made a bigger three-wave recovery and hit important 78,6% Fibonacci. level from where it turned sharply down in the last few hours. So, bearish view is still valid and if pair moves below...

MyFXspot.com Trade IdeasEUR/USD: buy at 1.1310, take profit at 1.1520, stop-loss 1.1200 EUR/JPY: long at 126.00, take profit at 129.00, stop-loss 124.50 XAU/USD: long at 1300.00, take profit at 1360,...

GBP/USD Bearish: Currently we are at 1.3200 and in a range and a nice channel. IF we can break support here, we are looking for the continuation to the ATR target at 1.3133 and the overall target is...

AUD/CAD continues to fall inside the 4-hour Triangle chart pattern which was previously identified by Autochartist. Autochartist rates the quality of this Triangle at the 7-bar level – which is...