Forex Opinion & Analysis

The EUR/USD daily Forex chart is back to the middle of its 4 month trading range. Legs up and down have lasted 2 – 3 weeks. This leg will probably end soon. The February selloff was unusually...

Hi traders,AUD/JPY made a nice turn down due to a risk-off mode as expected. Now it's trading at important support, so if it's manage to break below channel support line and 78.90 region, then it may...

Brexit Dates May Be PostponedIn this review, we would like to draw your attention to the chart of the British pound vs the New Zealand dollar currency pair. Will the GBP/NZD rise?Such dynamics...

GBP/CHF Bullish: Currently, we are at 1.3285 in a range and a channel. IF we can break the resistance here, we are looking for the continuation to the 1.618 Fibonacci at 1.3372. The overall target is...

The Canadian dollar has posted slight gains in the Wednesday session. Currently, the pair is trading at 1.3145, down 0.19% on the day. On the release front, Canada releases a host of inflation...

EUR/NOK accelerated lower during the European morning Wednesday, breaking below the support (now turned into resistance) barrier of 9.7350. The pair has been in a sliding mode since yesterday, when...

Markets remain under moderate pressure, despite the Fed comments. Powell’s semi-annual speech in Congress reinforced expectations that the U.S. Central Bank is ready to show more patience in the...

Construction contractsConstruction work done in Australia in the fourth quarter contracted for a second straight quarter, which could be a potential drag on economic growth. Construction work declined...

The euro broke down below the 0.8650 level, significant support on the weekly charts against the British pound. By doing so, it looks as if we have much further to go to the downside. Perhaps it is...

The EUR/USD daily Forex chart has been in a tight range for 6 days. The bears want this to be the top of a bear flag. They then want a break below the November low and 1.12. However, the bulls either...

MyFXspot.com Trade IdeasEUR/USD: long at 1.1320, take profit at 1.1470, stop-loss 1.1255 USD/CAD: short at 1.3350, take profit at 1.3010, stop-loss 1.3485 AUD/USD: long at 0.7145, take profit at...

GBP/USD faces more upside pressure on bullish offensive. looks to recover further higher on bull pressure. Support stands at 1.3100 level. Further down, support comes in at the 1.3050 level where a...

Donald Trump’s protectionism became one of the reasons for the pause in the Fed’s monetary normalizationThe derivatives market has increased the probability of the Fed’s rate cut in...

AUD/USD Bearish: Currently we are at 0.7149 and in a range. IF we can break the support here, we are looking for the continuation to the 0.786 Fibonacci at 0.7110. The overall target is the range...