Forex Opinion & Analysis

This article provides the Currency Classification for the coming weeks based on my analysis for the 8 major currencies. This is based on the technical analysis charts using the MACD and Ichimoku...

This week’s tragic events in Brussels had only a temporary impact on risk sentiment, which has been reflected in our risk index remaining broadly stable. This may not come as a major surprise,...

We delve into the technicals of the Bitcoin (BTC-eUSD) Market in this video.

EUR/USDWhat ProAct Forex Target Traders See: We are currently sitting at 1.1170 in a large range. We are looking for a continuation move to the 0.786 fibo at 1.1401 (maybe 1.1470) then reversal and an...

The euro is trading at 1.1166 at the moment. The low has traded at 1.1153 while the high has traded at 1.1181. The euro is holding in a range-bound pattern, with several European countries observing...

GBP/CADLast week supply tried again to broke support at 1.8540 but that attempt failed. Since Wednesday rebound is in progress and upward movement should test at least 1.8830 area. If bulls will be...

USD/CAD is showing little movement on Friday, as the pair trades at 1.3230 in the European session. Canadian markets are closed for Good Friday, so there are no Canadian releases on the calendar. The...

The dollar held onto gains against the other major currencies in quiet trade on Thursday, after the release of relatively positive U.S. data and as hopes for a U.S. rate hike in April continued to...

The dollar held its ground at 1-week highs against its peers today on thin volume traded, following the release of favorable US data as chances of a rate increase by the Federal Reserve next month...

Today should be a relatively uneventful day in the forex markets. We’ll learn mostly about net speculative positions, which should be interesting in terms of seeing where traders are placing...

EUR/USD is flat on Friday, as the pair trades at 1.1160 in the European session. On the release front, it’s a very quiet day. German markets are closed for a holiday and there are no Eurozone...

CAD/JPYShort term Elliottwave structure suggests dips to 84.15 ended wave ((w)) and wave ((x)) bounce is proposed complete at 86.3 as a double correction. From 86.3 wave ((x)) high, pair has resumed...

Among developed nations, Canada’s economy has an unusually large resources sector -- that part of the economy making direct use of natural resources, including agriculture, forestry, fishing,...

GBP/USD Open 1.4127 High 1.4183 Low 1.4055 Close 1.4147On Thursday, pound/dollar increased with almost 130 pips. The cable appreciated from 1.4055 to 1.4183 yesterday, in converse with the negative...