Forex Opinion & Analysis

AUD/USD bounce from just below important longer term Fibonacci support at 7330/25 hits targets of 7340, 7360, 7390/95 & the main challenge for bulls at 7425/30. We topped exactly here. Great call!...

EUR/USD topped exactly at the next target of 1.1720 & above today tests strong resistance at 1.1750/60. This is now key to direction. Bulls need a weekly close above for a buy signal at the start...

GBP/USD holding above important 500 day & 100 wma support at 1.3075/70 as hoped with all targets hit as far as 1.3250/60. Outlook remains positive with further gains targeting 1.3290 & 2 week...

For the 24 hours to 23:00 GMT, the AUD rose 0.05% against the USD and closed at 0.7388. LME Copper prices declined 0.9% or $59.5/MT to $6399.5/MT. Aluminium prices rose 0.3% or $6.5/MT to...

For the 24 hours to 23:00 GMT, the USD declined 0.05% against the CAD and closed at 1.3134. In the Asian session, at GMT0300, the pair is trading at 1.3148, with the USD trading 0.11% higher...

For the 24 hours to 23:00 GMT, the USD rose 0.08% against the CHF and closed at 0.9933. On the data front, Switzerland’s consumer price index (CPI) climbed 1.1% on an annual basis in June,...

For the 24 hours to 23:00 GMT, the GBP declined 0.05% against the USD and closed at 1.3223. The Bank of England (BoE) Governor, Mark Carney expressed optimism over the nation’s growth and...

For the 24 hours to 23:00 GMT, the EUR rose 0.27% against the USD and closed at 1.1691, following robust German factory orders data. Data showed that Germany’s annual factory orders advanced...

The trade war looming between the US and China is bound to have a profound effect on the Australian dollar and we may see some significant losses after tomorrow’s events.China is...

The EUR/USD daily Forex chart is reversing up from a triangle bottom. This bottom is also a double bottom with the November 7 major higher low. The odds are that the rally will continue at least up...

he Canadian dollar has inched lower in Thursday trading. Currently, USD/CAD is trading at 1.3123, down 0.17% on the day. On the release front, employment data is in the spotlight. ADP nonfarm payrolls...

The US dollar index is at an interesting juncture. The peak in January coincided with a 61.8-percent retracement of the 41.2–percent decline between July 2001 and April 2008. Right now, it has...

On the AUD/USD currency pair the bearish sentiment has been prevailing for quite some time. Over the past month, the drop in quotations exceeded 250 points. In the near future, a technical correction...

USD/CAD is consolidating and building energy as liquidity conditions were tight this week with the Canada day holiday on Monday and US Independence day yesterday. The price is confined to a tight...