Forex Opinion & Analysis

The EUR/USD daily chart has rallied for 7 days and is now testing the 3 month bear trend line. More importantly, it is also testing the February 28 lower high. A bear trend needs lower highs. If the...

The EUR/USD is up about 0.3% today, currently trading at 1.1357, after falling less than 0.1% yesterday. The single currency has retreated just 1% since the start of the year, but could the downward...

Hi traders,Kiwi made a nice bounce last week exactly from projected support around 0.68 area. So, after that impulsive five-wave rally of a lower degree, we can expect more upside to follow within...

The US dollar has been in an uptrend for most of the quarter but in the past week, the greenback lost momentum and its decline has some investors wondering if the dollar will continue to fall ahead of...

The Canadian dollar has started the week quietly. Early in the North American session, USD/CAD is trading at 1.3321, down 0.12% on the day. On the release front, it’s a light day for...

Recently, we have seen the Australian dollar bounce off of the 0.70 level several times. Most drastically we had seen a massive hammer form a couple of months ago that pierced the 0.68 level...

EUR/JPY Bullish: Currently, we are at 126.66 and in a range. IF we can break fibonacci resistance here, we are looking for the continuation to range top at 127.60. The average daily true range (ATR)...

EUR/USD has edged higher on Monday. Currently, the pair is trading at 1.1352, up 0.26% on the day. On the release front, the focus is on inflation data. It’s a slow data calendar to start the...

The pair USD/JPY is still likely to grow. Estimated pivot point is at a level of 110.67.Main scenario: long positions will be relevant above the level of 110.67 with a target of 113.00 – 114.00....

GBP/USD: Wave Analysis And Forecast For March 15-22The pair GBP/USD is still likely to grow. The estimated pivot point is at a level of 1.2958. Main scenario: long positions will be relevant from...

USD/CHF: Wave Analysis And Forecast For May 15-22The pair USD/CHF is still likely to grow. The estimated pivot point is at a level of 0.9923. Main scenario: long positions will be relevant from...

Wave Analysis And Forecast For March 15- 22The pair EUR/USD is still likely to fall. The estimated pivot point is at a level of 1.1419. Main scenario: short positions will be relevant from corrections...

USD/CAD: Wave Analysis And Forecast For March 15 - 22The pair USD/CAD is still likely to grow. The estimated pivot point is at a level of 1.3123. Main scenario: long positions will be relevant from...

USD/JPY - EUR/JPY Daily Forecast - March 18, 2019 USD/JPY holding first support at 111.45/40 re-targets 111.80/85 before resistance at the high at 112.10/20. Try shorts with stops above 112.40. We...