Forex Opinion & Analysis

A week ago, USD/CAD was barely holding above 1.3100. The pair was still in the doldrums following a steep decline from its late-December high of 1.3665 and it appeared the bears had no intention of...

Despite the positive macro statistics received on Tuesday from Europe, the EUR/USD could not strengthen. Moreover, on Tuesday, the EUR/USD pair fell, losing about 30 points, to the level of 1.1308....

EUR/USD is showing little movement in the Wednesday session, but the pair’s trend this week has been downwards. Currently, the pair is trading at 1.1302, down 0.05% on the day. There are no...

Overnight, AUD received a heavy blow from the fundamental side of the trading floor. There is a market rumor that apparently, RBA will lower interest rates in July and August (both 25bps). This was...

USD/CAD continues to rise inside the 30-minute Up Channel chart pattern which was previously identified by Autochartist. Autochartist rates the quality of this Up Channel chart at the 6-bar level...

The Australian dollar took a tumble across the board after today’s GDP miss. Coming in a 2.3% YoY versus 2.5% expected, it takes the 2018 average down to 2.9% and below RBA’s estimate of...

USD/JPY - EUR/JPY Daily Forecast - March 6, 2019 USD/JPY try shorts on any bounce towards 112.10/20, with stops above 112.50. A break higher targets 112.85. Risks have increased to the downside now so...

GBP/USD - GBP/JPY Daily Forecast - March 6, 2019 GBP/USD bottomed exactly at the next downside target of 1.3095/85. On further losses look for strong support at 1.3050/40. Strong resistance at...

AUD/USD at two-month lowThe Australian economy did not perform as well as expected in the fourth quarter, expanding 2.3% from a year earlier, a marked slowdown from Q3’s revised +2.7% and below...

On the whole, we are still on the right track – or more likely several tracks. Both EUR/USD and GBP/USD are still looking to the downside but EUR/USD has been more penetrating compared to the...

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...