Forex Opinion & Analysis

Al Brooks
EUR/USD 150 Pip Pullback Over Next 2 Weeks By Al Brooks - May 23, 2017

The EUR/USD 240 minute chart has rallied strongly for 9 days in a tight bull channel. Since it is now forming a wedge top, it will probably enter pullback and form a trading range. The 7 week rally ...

Scott Barkley
GBP/CHF: Channel? By Scott Barkley - May 23, 2017

Currently we are at 1.2608 in an established channel. If we can stay below this support we are looking to continue to the 0.382 Fibo at 1.2565 and then to the Target at 1.2522. The average daily true ...

Jason Sen
GBP/USD: Need To Beat 1.3045/47 High By Jason Sen - May 23, 2017

GBP/USD bulls managed a weekly above the psychological 1.3000 level on Friday but obviously need to beat the 1.3045/47 high last week to build on the gains targeting 1.3055/60 and 1.3085/90 before 11...

Jason Sen
EUR/USD: Severely Overbought By Jason Sen - May 23, 2017

EUR/USD severely overbought so the question is can we close 2 days above 1.1210. I think risks are to the downside and failure to hold above 1.1200 should be seen as short term negative. First ...

Jason Sen
AUD/USD: Holding Resistance At 7470/80 By Jason Sen - May 23, 2017

AUD/USD holding resistance at 7470/80 as expected to target 7465 then first support at 7452/48 but the best support for today is at 7430/25 and could mark a low for the day. However the daily trend ...

Jason Sen
USD/JPY: Bears Appear To Remain In Control By Jason Sen - May 23, 2017

USD/JPY bears appear to remain in control as we fail to test 111.80/90 and dip back below 111.20/10, targeting 110.75/70 and support at 110.55/50. A break below 110.20 then targets 109.90 and ...

NZD/USD: Continues To Rise By AutoChartist - May 23, 2017

NZD/USD continues to rise after the earlier breakout of the daily Falling Wedge chart pattern which was recently identified by Autochartist. Autochartist measures the Quality of this Falling Wedge at ...