Forex Opinion & Analysis

AUD/CAD recently broke the 4-hour Triangle which was recently identified by Autochartist. Autochartist rates the quality of this Triangle at the 5-bar level – which is the result of the slow...

AUD/USD Daily OutlookDaily Pivots: (S1) 0.7227; (P) 0.7270; (R1) 0.7301; Despite spiking to 0.7314, AUD/USD quickly reversed from there. Subsequent breach of 0.7228 support turned resistance suggests...

The AUD/JPY is often used as a proxy for market sentiment and risk. In other words when the pair rises markets are seen as benign with traders and investors prepared to take on more risk, but the...

EUR/USD broke out of a 4-day consolidation pattern earlier today. Whilst the direction was against bullish wishes, markets are now fully focused on the neckline of a 10-week reversal pattern.An...

As expected the FOMC raised rates overnight and although there were some slight changes to the post meeting statement the markets have remained steady since the announcement. On the whole, the changes...

Rate decision, statement, economic projections, press conference...That is all history now. The gist of the story is that the USD got weaker and then, eventually stronger. The rise in the value of the...

Daily Forex Market Preview, 27/09/2018The markets were seen trading flat through the day in anticipation of the Federal Reserve announcement. As widely expected, the Fed funds rate was hiked by 25...

The dollar gains were limited. EUR/USD baulked the potential for a stronger decline in favour of an expanded flat. GBP/USD managed to complete a triple three and USD/JPY managed a new high but that...

By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.5 TakeawaysThe Federal Reserve raised interest rates for the third time this year by 25bp. The U.S. dollar appreciated against...

USD/JPY remains biased to the upside as it looks to recover further higher with eyes its key resistance located at 113.16 level. Above here, resistance resides at the 113.50 level. Further out, we...

The EUR/USD daily has a bear body today ahead of today’s FOMC report. yesterday’s bull inside bar created a 3 day ioi breakout mode pattern. The 4-week rally is a parabolic wedge at the...

The markets continue to consolidate at the achieved price levels in anticipation of the outcome of today's meeting of the Federal Reserve. It is not the fact of the projected increase in the interest...

The Fed is set to raise rates today in what is all but a foregone conclusion, which will lead to profit-taking for dollar bulls. As well, President Donald Trump’s rhetoric yesterday at the UN...

GBP/USD has posted small losses on Wednesday, after recording gains in the past two sessions. Currently, the pair is trading at 1.3169, down 0.10% on the day. In the U.K, a CBI survey showed that...