Forex Opinion & Analysis

If you have been watching the Australian dollar move on the charts lately, it has been a little confusing and at times going against market consensus, or even the Reserve Bank of Australias (RBA)...

The U.S. Dollar slumped against the majority of its Forex counterparts subsequent to the release of disappointing data on Friday, when non-Farm Payroll reports showed that only created 209,000 jobs in...

USDCAD bullish trend extension biasA modest setback again Monday after a new recovery high on Friday, but whilst above modest support at 1.0877 and better foundations at 1.0845 and 1.0795, we see...

EUR/USDRisk reward: 1.37Trend: DownSell at 1.3425 SL 1.3457 TP 1.3381USD/JPYRisk reward: 1.00Trend: NeutralBuy at 102.45 SL 102.13 TP 102.77GBP/USDRisk reward: 1.91Trend: DownSell at 1.6873 SL 1.6905...

AUD/USD: I am more satisfied that we should begin to see an acceleration of losses and that 0.950 was in deed a market top. Last week closed just above the 93c level after seeing in intraday low of...

The British pound moved lower against most of its counterparts during this past week, including the US dollar, the Euro and the Australian dollar. The Euro was the biggest gainer against the British...

GBPUSD accelerated down to 1.6800 at the end of last week, so we suspect that pair is falling within an extended impulse. Ideally price is now recovering in wave (iv) that is part of an extended and...

Main scenario:The EUR/USD is trading along an uptrend.The uptrend may be expected to continue while pair is trading above support level 1.3390, which will be followed by reaching resistance level...

TheAustralian dollar was the main focus of today’s Asian session as the Chinese Services’ PMI survey and the Reserve Bank of Australia meeting were two key risk events. The aussie was...

GBP/JPYDaily Pivots: (S1) 172.61; (P) 172.79; (R1) 173.16; Intraday bias in the GBP/JPY stays neutral with focus on 172.36 support. Decisive break there will confirm near term reversal and will...

EUR/USDThe euro edged lower against the dollar and the yen on Monday as investors turned their attention to the upcoming European Central Bank meeting on Thursday amid ongoing concerns over the threat...

EUR/CAD recently broke the daily down channel that was earlier identified by Autochartist – as you can see from the following trade alert for this currency pair. EUR/CAD is expected to rise to...

For the 24 hours to 23:00 GMT, the AUD strengthened 0.28% against the USD to close at 0.9333 as the AiG performance of services index in Australia rose to a level of 49.3 in July. The index had...