Forex Opinion & Analysis

The Canadian dollar continues to lose ground, as the currency has posted five straight losing sessions. Currently, USD/CAD is trading at 1.2997, up 0.28% on the day. On the release front, Canadian...

EUR/JPY Daily OutlookDaily Pivots: (S1) 129.34; (P) 130.29; (R1) 131.09; Intraday bias in EUR/JPY remains on the downside at this point. Current fall from 133.12 would target 127.85 support first....

CAD/JPY has been trading in a sliding mode since 3rd of October, when it failed to break above 89.20 for the second time in three days. Yesterday, the tumble brought the rate below the short-term...

EUR/AUD Daily OutlookDaily Pivots: (S1) 1.6183; (P) 1.6270; (R1) 1.6320; Intraday bias in EUR/AUD remains neutral first. As long as 1.6175 minor support holds, further rise is expected in the cross....

EUR/USD Daily OutlookDaily Pivots: (S1) 1.1459; (P) 1.1494; (R1) 1.1529; There is no follow through selling in EUR/USD after breaching 1.1463. But still, with 1.1549 minor resistance intact, deeper...

USD/CHF Daily OutlookDaily Pivots: (S1) 0.9906; (P) 0.9926; (R1) 0.9944; No change in USD/CHF’s outlook. Consolidation from 0.9954 temporary top is in progress and intraday bias stays neutral...

CHF/JPY continues to fall inside the 15-minute Down Channel chart pattern which was recently identified by Autochartist. Autochartist rates the quality of this Down Channel at the 6-bar level –...

A great forex session and one where we were truly spoiled for choice, with the US dollar leading the way as safe haven flows saw the currency of first reserve rise strongly as European markets opened....

The US Dollar started the week again stronger, recovering most of the losses of the last two days of the previous week. Emerging market currencies traded mixed in the context of the stronger dollar,...

EUR/USD continues to post losses this week. In the Tuesday session, the pair is trading at 1.1449, down -0.37% on the day. There are no key eurozone or U.S. events on the schedule. Germany’s...

I was just about to close down my PC on Friday when I saw a whip and a crack and then I thought… “Oh, perhaps it’s an NFP day.” Let me have a look. (I tend not to even bother...

EUR/USD remains inside the bearish channel. Price back tested the broken short-term blue support trend line and got rejected. As long as we trade below 1.1545 we should expect a move towards...

Daily Forex Market Preview, 09/10/2018With the U.S. and Canadian markets closed, trading was relatively subdued. Still, the U.S. Dollar managed to maintain a steady pace of gains on Monday. On the...

AUD/USD faces price recovery risk as it looks to follow through higher on the back of Monday higher close. Support comes in at the 0.7000 level where a breach will aim at the 0.6950 level. Below that...