Forex Opinion & Analysis

USD/MXN made only three waves up from the low, so pair can remain on a bearish track for upcoming sessions, especially if current leg will also break below 19.14 swing low. Very short-term...

Wall Street ended mixed yesterday, rebounding from intra-day lows for a nondescript close. U.S. top trade negotiator said China buying more U.S. goods is not enough, need to see structural changes....

Manufacturing PMI at 3-year lowMore signs of how the Chinese economy is facing headwinds was evidenced by a further weakening in China’s PMI readings in February. The manufacturing PMI slid to...

At last, we have seen the dollar lows. We should be heading higher in the dollar and confirming the bullish foundation Wave i and Wave ii before any stronger rally. Of course, this will see swings so...

Wednesday;s economic calendar was light on traditional economic data, but heavy on high-stakes testimonies with President Trump’s former attorney Michael Cohen, US Trade Representative Robert...

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...

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...

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...

Yesterday, a major buy signal was triggered on the GBP/USD chart. The buy signal was present on the D1 and W1 chart, and could potentially give us around 700 pips. The positive sentiment comes from...

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...

A successful testimony is one that does not deliver a major market move. Fed Chair Powell delivered a clear message that Fed policy will remain data dependent as the outlook changes. He was successful...

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...