Forex Opinion & Analysis

The strengthening of the US dollar on Friday continued, which is a consequence of unchanged position for further tightening of monetary policy demonstrated by the Federal Reserve System at its last...

The EUR/USD daily Forex chart sold off sharply last week. But, after September’s strong reversal up, the odds favor a higher low around the September 10 low and 1.15. While last week’s...

Until Italy’s political situation stabilizes, it is too early to hope for EUR/USD price rise.Fear makes the wolf bigger than he is. People are likely to overestimate the results of certain...

Oil traders reached another middle-term buy target [73.86 – 73.55]. Oil price may be corrected nowWTIAt the end of last week, another buy target was reached in the middle-term uptrend, Target...

GBP/JPY - Bearish: Currently we are @ 148.29 in a symmetrical triangle. We are looking for a continuation to the 0.382 Fibo @ 146.98 and then bouncing to the 150.77 area for a 5th wave. The average...

The greenback climbed to 13-month highs against the Japanese yen and renewed its rally versus the Swiss franc, euro, New Zealand and Australian dollars. Interest rate differentials played a major role...

It has been over two months since our last article about USD/MXN. On July 27th, the Forex pair was trading slightly above 18.6150. The Elliott Wave Principle then suggested “a corrective rally...

USD/JPY recently broke the “neckline” of the daily Inverse Head and Shoulders chart pattern which was recently identified by Autochartist. Autochartist rates the quality of this chart...

EUR/GBP Daily OutlookDaily Pivots: (S1) 0.8881; (P) 0.8898; (R1) 0.8923; Intraday bias in EUR/GBP remains neutral for the moment. While the pull back fro 0.8994 is deep, the structure still suggests...

EUR/CHF Daily OutlookDaily Pivots: (S1) 1.1317; (P) 1.1359; (R1) 1.1437; EUR/CHF’s break of 1.1414 today suggests resumption of rebound from 1.1178 short term bottom. Intraday bias is back on...

GBP/USD Daily OutlookDaily Pivots: (S1) 1.2990; (P) 1.3041; (R1) 1.3080; Intraday bias in GBP/USD remains on the downside for the moment. Corrective rise from 1.2661 has completed at 1.3297, ahead of...

Finally some good news on the trade front. A trilateral trade deal between the US, Canada and Mexico has been agreed in principle, helping to lift the Canadian dollar and Mexican peso. However, the...

USD/JPY Daily OutlookDaily Pivots: (S1) 113.43; (P) 113.57; (R1) 113.83; USD/JPY’s rally continues today and reaches as high as 113.96 so far. Intraday bias stays on the upside. Current rally...

USD/CAD Daily OutlookDaily Pivots: (S1) 1.2860; (P) 1.2954; (R1) 1.3003; USD/CAD drops sharply to as low as 1.2812 so far today and fall from 1.3385 resumes. With 1.2879 key fibonacci level firmly...