Forex Opinion & Analysis

Good morning. Hope all is well! We have had an average forecast for yesterday with a 57% accuracy on our predictions for yesterday. As expected, the US dollar gathered a little steam but only by a...

Yesterday was partly successful, partly neutral and partly confusing. When looking at the individual pairs, I also note the potential correlation and how these all need to relate to each other, which...

By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.EUR/USD raced to a high of 1.1493 Thursday, just a few pips shy of 1.15 before falling sharply to end the North American trading...

USD/JPY: USD/JPY lost its downside momentum to close higher on a long-tailed candle on Thursday. This development leaves risk higher with a possible run at the 119.50 level. Above here will clear the...

EUR/CADBest reading of the cycle in the short term suggests decline to 1.454 ended wave ((w)). Wave ((x)) bounce is unfolding as a double three structure where wave (w) ended at 1.476, wave (x) ended...

Time to watch USD vs YEN, as it starts to break down from its Aug.-Oct. sideways (Bear Flag) congestion zone, towards a test of the Aug low at 116.15, which will complete a year-long top formation,...

Potential Price Channel on USD/JPY Needs Lower Channel Low to Confirm – Would Be in Critical Decision Wave A potential price channel on usdjpy needs a lower low to confirm. The wave into a lower...

The USD/JPY continues to break down as the Japanese yen (amazingly enough) strengthens. I think people will be surprised at how strong the yen behaves in the months ahead.

The EUR/USD tested the September 18 lower high yesterday. The breakout failed and reversed down strongly overnight. It began a strong 2nd leg down on the 5-minute chart a few minutes ago. Because the...

US inflation data to come outOn Thursday at 14-30 СЕТ, the important macroeconomic data on inflation will be released in the US. The tentative outlook for dollar is negative. Will...

AUD/USD: Price Stalls Ahead Of 0.7381, VulnerableAUD/USD: The pair turned lower ahead of its overhead resistance at the 0.7381 level during Thursday trading session. This suggests on continued trading...

USD/JPY is falling sharply lower, now trading beneath 118.57 so looks like that a triangle that we were tracking it over the last few weeks was only in wave (b) of an incomplete black wave B/2 that is...

The Canadian dollar is slightly down on Thursday, following strong gains a day earlier. Early in the North American session, the pair is trading at the 1.2940. There are no Canadian releases on...

Currently we are at 1.5418 after breaking the corrective 4th wave. We are looking to continue to the Fibo support area at 1.5317 with an initial overall target at 1.5158. The average daily true range...