Forex Opinion & Analysis

Silver buyers closed above 14.29 yesterday. Local trend turned to uptrend.WTI Apparently, the medium-term uptrend for oil has stopped. Buy in case of correction in the zone of [69.54 – 69.23]....

Bearish AUD/USD: Currently we are @ 0.7243. We are looking for a continuation to the 0.214 Fibo @ 0.8875 and then continuing to the former day chart bottom @ 0.7164 area. The average daily true range...

The Canadian dollar is trading sideways in the Wednesday session. Currently, USD/CAD is trading at 1.2957, up 0.04% on the day. On the release front, there are no Canadian events. In the U.S, the...

USD/JPY recently broke the 15-minute Rising Wedge which was recently identified by Autochartist. Autochartist rates the quality of this Rising Wedge at the 6-bar level – which is the result of...

The US Dollar traded marginally lower against other major currencies on Tuesday. The Pound Sterling (GBP) continued to recover from last week’s losses, when the unsuccessful summit in Salzburg...

EUR/USD DailyAn inverted head and shoulders pattern projects a target near the March lows. Consolidating above the 1.1710/33 highs, a viable zone of support above the neckline. The bearing engulfing...

EUR/AUD Daily OutlookDaily Pivots: (S1) 1.6189; (P) 1.6224; (R1) 1.6264; EUR/AU’s sharp fall indicates temporary topping at 1.6252 and intraday bias is turned neutral. On the downside, break of...

EUR/USD Daily OutlookDaily Pivots: (S1) 1.1734; (P) 1.1763; (R1) 1.1796; EUR/USD is bounded in tight range of 1.1723/1814 and intraday bias remains neutral. On the downside, break of 1.1723 minor...

USD/CAD Daily OutlookDaily Pivots: (S1) 1.2935; (P) 1.2954; (R1) 1.2973; Intraday bias in USD/CAD remains neutral as it’s staying in range of 1.2883/2975. At this point, we’re staying...

A bit of hesitation on the GBP/JPY. The pair is currently drawing a right shoulder of the H&S pattern. This is not happening in a random place. We are on the mid-term resistance created by the top...

Daily Forex Market Preview, 26/09/2018The U.S. dollar was seen trading subdued on Tuesday. Economic data was sparse. From the Eurozone, the German WPI was seen rising 0.3% on the month. The data beat...

Although a variety of headlines are circulating following President Trump’s speech at the United Nations, financial market movements are slightly muted as investors around the globe prepare for...

We had a relatively subdued day across financial markets yesterday as we moved closer to today’s Federal Reserve Rate Announcement. Equities were largely mixed across the globe and the dollar...

There’s not a lot to say to be honest. Overall, there is risk of minor dollar losses, perhaps consolidation especially in the Asian session. However, over the day we should just see Dollar gains...