Forex Opinion & Analysis

AUD/USD INTRADAY CHART BIAS: This should extend losses with hourly and 4-hour momentum bearish Resistance: 0.7275-80 0.7320-25 0.7345 0.7362-81Support: 0.7222-40 0.7198 0.7164 0.7120-35 MAIN...

The week ended on a more conservative note, but was expected. From this point, it almost looks like a toss of the coin: pullback or follow-through. To be honest, it could go either way today, although...

EUR/USD: Having EUR close slightly lower the past week on a rejection candle print, it faces additional weakness in the new week. This view remains valid as long as the pair can trade and hold below...

Buy signals between 0.725 and 0.72 towards 0.76. Sell signals under 0.72On the weekly chart, AUD/USD is clearly in a downtrend, with all SMAs parallel and pointing down. The pair however bottomed down...

We look at the speculative positioning in the futures market as a proxy for short-term trend and momentum participants. We are interested in gross positioning more than net because it reveals more...

NZD/USD rose from 0.6235 to 0.6896. A 660-pip recovery in a little over three weeks could easily convince the majority of traders, that it is time to go long on this pair. However, a closer look at...

The Currency Score analysis is one of the parameters used for the Ranking and Rating list, which was published earlier this weekend. Besides this analysis and the corresponding chart, I also provide...

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...

EUR/USD What ProAct Forex Target Traders See: We are currently sitting at 1.1351 (1 pip from last week) in a sideways move. We are looking for a move to the Fibo’s at 1.1283 and 1.1241 with the...

By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.It was another tough week for the U.S dollar. After disappointing retail sales no one wanted to own dollars and even though CPI,...

USD and GBP have seen a data dependent week, while price action in EUR has focused on speculation of the potential for an expansion to the ECB’s QE program ahead of next week’s meetingOne...

Copper rebounds as supply rebalancesCopper prices are rebounding on output cuts by major producers. Declining capital expenditure plans for mining expansion also contribute to supply rebalancing. Will...

NZD/USD: With the pair seen facing downside pressure, we could see more weakness towards its broken resistance turned support located at 0.6707/37 zone. Support lies at the 0.6750 level, where a break...

GBP/USD – Momentum fade into overhead supplyGBP was flat yesterday after Wednesday’s acceleration to the upside, as there was no fresh data to guide. Separately, German Chancellor Merkel...