Forex Opinion & Analysis

GBP/CAD continues to rise inside the daily Ascending Triangle chart pattern which was previously identified by Autochartist. Autochartist rates the quality of this Ascending Triangle at the 4-bar...

GBP/CHF traded higher yesterday, breaking January’s high, which is slightly above the 1.3110 hurdle. Today, the rate accelerated to the upside, overcoming the 1.3170 zone, defined by the highest...

EUR/USD is showing little movement in the Tuesday session. Currently, the pair is trading at 1.1360, up 0.04% on the day. In economic news, German GfK Consumer Confidence remained steady, with a...

Market Drivers for February 26, 2019 Cable soars on no-hard-Brexit relief All eyes on Powell in NY session Nikkei -0.37% DAX -0.17% Oil $55/bbl Gold $13286oz. Europe and Asia No data North America...

AUD/USD feels relatively comfortable in the familiar range, with the immediate resistance comes at last week’s highs around the 0.72 figure, while on the downside, the selling pressure is capped...

GBPUSD is currently trading around 1.3275 in the US session Tuesday, jumped almost +1.37% on hopes of 2nd Brexit referendum and “delayed” or even “no” Brexit. GBPUSD made...

Two weeks ago, we highlighted 3 reasons USD/JPY was hitting its highest levels of the year, including positive U.S.-China trade talk and a continuation after a big technical breakout. Those two...

Key Highlights The British pound started a solid upward move above the 1.2920 resistance against the US dollar. There was a break above a significant bearish trend line with resistance at 1.2930 on...

I am spotting a potential opportunity to go long on AUD/USD on M30, according to the system I am trading. (This is not my system) This is a trend trading strategy based on 3 SMA (30, 50, 100). These...

The EUR/USD daily Forex chart has bounced for 2 weeks from the bottom of a 4-month trading range. The rally has stalled at the 20-day EMA. It is a bear flag. If there is a break above last...

Pushing back Chinese tariffs brings a bit of a “risk-on-Asia” feel to the market and this almost always means that the Japanese yen is going to get sold.The New Zealand dollar has been...

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...

Hi traders,USDCAD is sharply recovering from the 1.311 low, giving us first evidences that wave i as part of a bigger bearish cycle is completed, and that wave ii is now in play. Corrective wave ii...

The U.S. dollar, after its strong mid-February run, is sliding. It's fallen on seven of the last eight days, and is now also being dragged down by Treasurys, as traders backpedal into growth on the...