Forex Opinion & Analysis

By Kathy Lien, Managing Director of FX Strategy for BK Asset Management. Euro Outlook: Sell The Rally Dollar Snaps Back on Stronger US Data GBP: Hit by Surprise Drop in Retail Sales CAD Shrugs Off...

The euro has been paring its losses against the dollar over the last few days but we are seeing signs that the move higher may have run into a brick wall.The pair did face resistance around the 38.2...

As highlighted yesterday, (GBP/USD cable was starting to look more bullish again following a week or so of consolidation and, despite threatening not to at times, the morning star formation was...

US dollar may lose further versus Euro, New Zealand Dollar Forecast for Gold Prices points to losses, watch Australian Dollar The US Dollar may have set an important high versus the Euro and New...

Last week, we highlighted a confluence of key resistance levels in the .9600-50 zone on USD/CHF (See “USD/CHF: Two Swiss-Cheese Style Holes on the Way to Parity” for more). As anticipated,...

GBP underperforms after the weakest spending growth since 2013, while the lowest US initial jobless claims since 1973 are unable to pull the USD out of negative territory.Much of today’s price...

GBP/NZDCurrently we are at 2.3380. We are looking for a continuation to the 0.618 Fibo support area @ 2.3210 with an overall target @ 2.2988. The average daily true range (ATR) for the pair currently...

Market Condition: RetracementTarget 1: Figure Support at .6600 Target 2: 2015 Low .6498 Invalidation: .6770 NZD/USD (Created using Trading View Charts: Click on the chart below to zoom in; after...

GBP/AUDWe are just doing an update on the pair from yesterday’s point of view. The shorts triggered from 2.1205 are doing well and we feel perhaps the pair can do a 2.093X test based on the 4 hr...

Focus of the day:"EUR/GBP has been one of the most consistent downward trends since the start of the year. Although EUR/$ has fallen further over the last 12 months, GBP has strengthened more vs EUR...

GROWTHACES.COM Forex Trading StrategiesTaken PositionsEUR/USD: short at 1.0930, target 1.0750, stop-loss 1.1015, risk factor *USD/JPY: long at 123.70, target 125.80, stop-loss 122.90, risk factor...

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD weakened 0.62% against the USD to close at 0.7379. LME Copper prices declined 2.28% or $125.0/MT to $5350.5/MT. Aluminium prices declined...

USDCAD Movement For the 24 hours to 23:00 GMT, the USD rose 0.64% against the CAD to close at 1.3029. In the Asian session, at GMT0300, the pair is trading at 1.3031, with the USD trading...