Forex Opinion & Analysis

USD/CAD broke above the key 1.2800 level on Friday to hit a 6-year high of 1.2822. The tenkan-sen and kijun-sen lines are positively aligned, reinforcing the overall upside potential giving scope to...

The dawn of a new week is upon us here in North America and we have awoken to see some previously struggling currencies discovering some newfound vigor as they have rallied against the stalwart USD....

Investor’s focus on FOMC Wednesday Will the Fed drop “patient” from its statement? Euro parity sooner rather than later Fed needs to give investors time to adjust The Federal...

The rally in the dollar recently has been quite unusual, not just in how strong it’s been but also the fact that everyone seems to be in agreement that there’s more to come. Usually in...

Markets are a bit slow getting out of the blocks this week, with the dollar pulling back slightly after last week’s surge to new half-decade highs. The economic calendar is fairly lackluster...

After the last FOMC meeting, we constructed an index in an attempt to see the total impact from the most relevant economic releases over a time line.For the USת the Index is weighted among the...

USD/CAD broke out of its triangle and has risen up to the minimum price target for the pattern at the 61.8% fib extension at 1.2790. It has since pulled back and it is possible that it may have...

EUR/USD - Technical Report In our previous report, we have suggested a drop below 1.0500 and the pair has adopted favorable reaction to these predictions. The bounce from 1.0460 seen during the...

Cable is pulling-back in a strong down-trend. The correction has now risen up to a long-term support and resistance line at 1.4784 (in red) and there is a possibility it could rotate at this level and...

Key Events This Week: March 16th – 20th EUR: German ZEW Survey March 17th USD: FOMC Rate Decision March 18th NZD: GDP March 18th CAD: CPI March 20th USD Index: Short Term (1-3 Days): Bullish...

KEY DATA RELEASES TODAY (GMT) :1230 USD Empire State Manufacturing Index 8.1 v 7.8 1315 USD Industrial Production m/m 0.3% v 0.2% 1315 USD Capacity Utilization Rate 79.5% v 79.4% 1400 USD NAHB Housing...

Forex News and EventsThe political unrest in Brazil will certainly not be any good for the real at week open. After Friday’s gap-open at 3.1972 and advance to 3.2798, a second consecutive...

Last week EUR/USD broke 1.0565 and once this occurred we came down to our 1.0465 target. Shorts covered, and now we have seen a very small double base form on the 60 min chart, so there is scope for...

*All the charts are 30M charts with daily pivot points.AUD/USD Market Scenario 1: Long positions above 0.7650 with target @ 0.7692. Market Scenario 2: Short positions below 0.7650 with target @...