Forex Opinion & Analysis

AUD/USD sold off from 7075/78 to 6998. We do have a bullish inverse head and shoulders pattern, but I thought yesterday would see a false break higher because we were overbought short term. This sell...

EUR/GBP holding above 7630 re-targets 7650/55 and 7665/66. A break above here today targets 7690 and minor resistance at 7705. If we continue higher, look for 7722/25 then the 7755 high. Below 7630...

GBP/USD outlook negative and could test important support at 1.4225/20. A break below does look quite likely however and targets very minor support at 1.4190, perhaps as far as 1.4170. If we continue...

EUR/USD strong resistance at 1.0895/1.0900 is the most important of the day. A good chance of a high for the day again but shorts need stops above 1.0925. Just be aware that a break higher is a small...

USD/JPY selling opportunity at 118.85/90 today and a good chance of a high for the day here yet again. This remains the most important resistance of the day but shorts need stops above 119.15. A break...

The US dollar rebounded from yesterday’s lows when it dropped immediately after the FOMC statement. The Fed kept rates unchanged but said it is “closely monitoring” the developments...

These past 2-3 weeks have been tiresome, with the market making the most out of finding every possible nook, kink or cranny to go hide itself in order not to have to make a decision on direction....

The EUR/USD continued its 3 day rally overnight. The bulls see a head and shoulders bottom on the daily chart. The bears see a trading range in a bear trend, and therefore a bear flag. They are both...

By Kathy Lien, Managing Director of FX Strategy for BK Asset Management. Don’t be fooled by the U.S. dollar’s muted reaction to the FOMC statement. Every change that the Federal Reserve...

NZD/USD NZD/USD has consistently moved in consolidation between 0.6860 - 0.6250. In mid-January, supply tested support at region 0.6400, which so far has been defended. Direction of further price...

USD/CHF spiked down to 1.1230, which we see as wave 4 as price action looks corrective. That said, a new high is probably coming in the next few sessions to complete an ending diagonal at higher...

Two weeks ago, we highlighted a constructive candlestick pattern off bullish trend line support on USD/CHF and concluded that the pair could well bounce toward near-term Fibonacci resistance levels at...

GBP/AUDCurrently we are at 2.0321 in a channel. If we break the current support, we are looking to continue to the double bottom at 2.0173 with a near term overall target near 2.0049. The average...

AUD/CAD - 0.9740 level will finish the correction?Since January after two months of uptrend, there is a correction on AUD/CAD. Correction reached Fibonacci 38,2% of the last upward movement. Price...