Forex Opinion & Analysis

Key Highlights · British Pound traded lower during the past couple of sessions against the US dollar and dropped towards 1.4660. · There are a couple of bearish trend lines formed on...

GBP/USD: Having GBP continued to hold on to its downside pressure, it leaves risk of more weakness on the cards. Support lies at the 1.4700 level where a break will turn attention to the 1.4650 level....

By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.The first trading day of 2016 gave investors a taste of the topsy-turvy moves they can expect in the financial markets this...

NZD/CAD - correction may lead to 0.9000In previous analysis December 18 entitled: "upward rally is coming to an end?" I pointed that correction may occur because of overbought NZD/CAD. So it happened,...

Yen Megaphone (Orange) is Technically Legal for a Breakout Upwards. Because the last trip to the bottom of yen’s orange megaphone was one of those skinny pop lines, that wave down counts as a...

Turbulence inside OPEC has sparked the latest round of oil volatility, with the first 2016 trading session opening to a quickly rising price of crude due to a diplomatic spat between Iran and Saudi...

According to the Chinese Zodiac, 2016 is “The Year of the Monkey”, but based on trade so far today, it looks more like the Year of the Bear. A big wave of risk aversion hit the market at...

I have been saying since the December 15 high in the EUR/USD that the odds were that it would have 2 legs down on the daily chart and form a triangle that probably would last a month. The overnight...

Global financial markets in 2015 were pulled between two opposing forces: The first was the Federal Reserve’s determination to raise interest rates as the U.S. job market strengthened. The...

The Australian dollar has posted considerable losses on Monday, as AUD/USD trades just above the 0.72 line early in the European session. After a quiet Christmas week, the markets are back in action....

EUR/JPY: Having sold off strongly during Monday trading session, EUR/JPY faces more downside pressure on sell off. This will leave its psycho level support at 129.00 level as the next downside target....

New York Forex Report: In comments over the weekend, Fed’s vice chairman Stanley Fischer said that “raising interest rates may be the appropriate step” if asset prices are thought to...

MAJOR PAIRS:MAJOR CROSSES:Source: Growth Aces Forex Trading Strategies How to read these tables?1. Support/Resistance - three closest important support/resistance levels 2. Position/Trading Idea:...

This week the scorecard recommends buying NOK, CHF and SEK while selling GBP, JPY and NZD.Last week's signals resulted in a 0.6% loss. Especially the long CHF and NOK positions were expensive. The...