Forex Opinion & Analysis

AUD/USD INTRADAY CHART BIAS: I suspect losses to 0.7155-65 and later 0.7130-40 Resistance: 0.7194 0.7209-16 0.7235 0.7261Support: 0.7155-65 0.7130-40 0.7100-10 0.7068-80 MAIN ANALYSIS: Price declined...

The dollar ended the week on a mildly firm footing, more than I had expected, but I’m still not quite convinced of direct follow-through just yet. Having said that, both hourly and 4-hour...

EUR/USD What ProAct Forex Target Traders See: We are currently sitting @ 1.0590. We are looking for a break of the support and then a move to the S6 support @ 1.0462 with an overall target of 1.0378....

EUR/USD: With the pair closing slightly lower the past week, its broader risk points lower to the 1.0519 level. EUR/USD looks to retarget the 1.0519 zone which is consistent with its long term...

EUR/AUD broke down the 200 SMA on the daily chart and looks like it wants to retest it. As we can see from the chart, this SMA is a really good support/resistance level for that pair, and I will sell...

AUD/USDMarket Scenario 1: Long positions above 0.7232 with targets at 0.7254 and 0.7284 Market Scenario 2: Short positions below 0.7232 with targets at 0.7202 and 0.7180 Comment: Amid adverse news out...

The USD/CAD appreciated 0.617 percent on Friday as the price of oil tumbled more than 3 percent following a stock market rout in China. The currency pair will finish the week trading at 1.3373....

Central Bank Action and NFP to Start the Last Month of the YearThe month of December will bring plenty of economic data and monetary policy statements for a currency market that is trading with high...

The Currency Score Difference analysis is the more extensive explanation on the Currency score analysis which was published earlier this weekend. Besides these analyses and the corresponding charts, I...

Besides the Ranking and Rating list provided here, I will also prepare this weekend the Weekly Currency Score list, which will support my analysis for trading in the coming week.When looking at the...

Key Fundamental Forex Events for the Week of November 23rd through November 27th The following table lists the key economic data and other events that came out during the week of November 23rd through...

Everyone loves to find a sure thing, especially in today’s financial markets. If you were to pay avid attention to the host of pro-dollar articles that are beginning to appear in the press, then...

USD/CHF Four Months After The Panic” was published on May 13th, 2015, to prepare you for the long-term recovery suggested by the Elliott Wave Principle. As always, our bullish expectations were...

USD/CAD: Having printed a rejection candle ahead of its key resistance located at 1.3435/56 zone, USD/CAD ended the week slightly higher. This leaves risk of a pullback in the new week on continued...