Forex Opinion & Analysis

Daily Chart Prepared by Jamie Saettele, CMT Automate trades with Mirror Trader and see ideas on other USD crosses -“USDCHF cleared the 61.8% retracement and 4/23 high so focus is on the April...

The AUD/USD pair took back all of its intraday gains to close lower on Thursday, leaving risk of further move lower in the cards. With the formation of a pin bar, it faces the possibility of bear...

Good morning. Hope all is well! We seem to have had a good forecast for yesterday with a 100% accuracy on our predicted directions. Markets did, however, turn around later in the day. As we had...

The GBP/AUD short term Elliott wave view suggests the decline from wave ((X)) at 2.21 unfolded in a triple three structure WXYZ where wave W ended at 2.167, wave X ended at 2.193, wave Y ended at...

By Kathy Lien, Managing Director of FX Strategy for BK Asset Management.Investors sold U.S. dollars after the Federal Reserve left interest rates unchanged Thursday citing uncertainty abroad and...

The Federal Open Market Committee (FOMC) kept the Fed funds rate unchanged. The mention of “monitoring developments abroad” hints at a concern with global conditions such as the Chinese...

Today, a medium-term outlook for major currency pair is likely to be determined. At 9:00 p.m. (GMT+3), the Federal Reserve announces its interest-rate decision, and later on, at 9:30 p.m., the...

Retail traders remain net-long the Australian dollar and have remained so since the pair crossed below the $0.80 mark in May. As long as that remains the case we see little reason to shift from our...

FX markets saw tentative trade heading into the key risk event of the week in the form of the FOMC rate decision amid relatively light news flow. The USD ebbed lower throughout the day amid no...

We’ve finally arrived at the day of the long-awaited September Federal Reserve meeting, with the outlook for interest rates still about as clear as mud. According the CME’s FedWatch tool,...

Forex breakout likely, but initial move has a 50% chance of reversing.Although the yen has been weak for the past couple of days, both the 60-minute chart of the EUR/JPY and the USD/JPY are in their...

The EUR/JPY has made a substantial correction from 132.20 zone forming inverted head and shoulders pattern. As we can see H4 chart shows both M and inv H & S but the price is sitting exactly at M...

On Wednesday the oil price advanced 3% due to the considerable weekly decrease in its stocks in the US with inventories at the Cushing delivery hub declining the most since February 2014. We assume...

During European trades the euro and Swiss franc have renewed their session maximums against the USD. The euro/dollar followed the franc to 1.1337. Demand for the franc increased after the SNB met and...