Forex Opinion & Analysis

Daily FX Market Roundup March 6, 2019Kathy Lien, Managing Director of FX Strategy for BK Asset Management.With stocks stabilizing after yesterday’s slide, the US dollar traded higher against all...

The EUR/USD daily Forex chart sold off from a wedge bear flag over the past 4 days. There will typically be at least a small 2nd leg down from a wedge. Therefore, traders will sell the 1st 1 – 3...

The US dollar has rallied again during the day on Tuesday, but keep in mind that this market is testing a major resistance barrier. There is a short term consolidation area between ¥112 on the...

USD/CHF Bullish: Currently, we are at 1.0010 in a range and a channel. IF we can break the resistance here, we are looking for the continuation to the 0.214 Fibonacci at 1.0061. The overall target is...

EUR/USD has ticked lower in the Monday session. Currently, the pair is trading at 1.1328, down 0.10% on the day. It’s a busy day in the eurozone, with the focus on services PMI reports. Germany ...

Gold is not slowing down. The breakout from the channel up formation really crashed all the demand here. The sell signal was confirmed, when the price broke the 1304 USD/oz support, which is a crucial...

EUR/USD continues to fall inside the daily Down Channel chart pattern which was previously identified by Autochartist. Autochartist rates the quality of this Down Channel chart at the 5-bar level...

The Bank of Canada will be holding its monetary policy meeting this week.Given the recent patch of economic data, it is unlikely that the central bank will be pushing for rate hikes. The OIS money...

VPA principles at work on the daily chart for the GBP/JPY, with last Thursday’s and Friday’s candles of small doji and shooting star respectively accompanied on good volume now coming...

The dollar rose against most of the major and volatile emerging markets currencies, like the South African rand, Turkish lira, and the Brazilian real in February. The gains were mostly by default as...

Key Highlights The British pound surged above 1.3250 before sellers appeared near 1.3350 against the U.S. dollar. A major declining channel is in place with resistance near 1.3240 on the 4-hour chart...

The USD/CAD declined against the greenback ahead of Wednesday’s Bank of Canada (BOC) rate decision that is now widely expected to keep rates on hold due to a recent round of softer data. Early...

I am spotting a potential breakout to the upside on an ascending triangle on the daily time frame on AUD/JPY. (See image 1)(This is a purely technical overview and signal, since fundamentals do not...

The euro initially tried to rally to kick off the week on Monday, but you can see that the top of the channel has held. This resistance barrier has been interesting to pay attention to, and although...