Forex Opinion & Analysis

GBP/NZD continues to rise inside the extended 4-hour Up Channel chart pattern which was recently identified by Autochartist. Autochartist rates the quality of this Up Channel at the 4-bar level...

The US Dollar continues to see an upside against other major currencies ahead of the Federal Reserve meeting on Wednesday, where many believe that the interest rates could be increased. This trend...

EUR/USD is drifting in the Tuesday session. Currently, the pair is trading at 1.1761, up 0.12% on the day. On the release front, German Wholesale Price Index jumped 0.3%, edging above the estimate of...

Market Drivers September 25, 2018 Preet downplays Draghi comments Seesaw moves in FX Nikkei +0.29% d DAX 0.07% Oil $72/bbl Gold $1198/oz. Bitcoin $6400 Europe and AsiaEUR: Wholesale Prices 0.3% vs....

Yesterday the EUR/USD made new mid-term highs but the main pair is dangerously getting closer to create a bearish reversal pattern. The price is currently trying to create a head and shoulders...

Daily Forex Market Preview, 25/09/2018The markets were seen trading quietly on Monday. Following the new tariffs on China coming into effect since 24th the markets were seen to be a little spooked....

AUD’s 2018 bearish channel continues to hold and is likely to tempt bears with a test of its upper trendline. Yet, with bullish technicals appearing on the weekly chart whilst major commodity FX...

Not all was going to plan yesterday. We saw a final blip higher in EUR/USD and a break higher in USD/CHF. USD/JPY appears to have seen a relatively shallow pullback and in GBP/USD an adjustment in the...

EUR/GBP Daily OutlookDaily Pivots: (S1) 0.8933; (P) 0.8959; (R1) 0.8984; A temporary top is in place at 0.8994 and intraday bias is turned neutral first. Corrective pull back from 0.9097 should have...

AUD/USD Daily OutlookDaily Pivots: (S1) 0.7240; (P) 0.7261; (R1) 0.7272; At this point, AUD/USD is staying above 0.7228 resistance turned support and intraday bias remains neutral first. Above 0.7303...

GBP/USD Daily OutlookDaily Pivots: (S1) 1.3064; (P) 1.3116; (R1) 1.3168; Intraday bias in GBP/USD remains neutral for the moment. Risk stays on the downside as long as 1.3297 resistance holds. The...

USD/CHF Daily OutlookDaily Pivots: (S1) 0.9602; (P) 0.9627; (R1) 0.9674; USD/CHF’s strong rise today and break of 0.9651 support turned resistance indicates short term bottoming at 0.9541, on...

President Trump's tariffs on China have taken effect on the week when the Fed meets to raise rates for the 3rd time this year and speculation mounts on whether UK voters may be called up again as talk...

Global stock markets had a tough day yesterday as global trade concerns increased after China pulled out of the next round of talks with the US and domestic political tensions in the US hit their...