Forex Opinion & Analysis

Talking Points:GBP/USD Technical Strategy: Flat Support:1.6694 (“axis” line), 1.6559 (38.2% Fib ret.) Resistance:1.6822 (trend line), 1.6920 (May 21 high) The British pound looks...

Talking Points:USD/CAD Technical Strategy: Flat Support: 1.0813-22 (May 8 low, 50% Fib exp.), 1.0803 (trend line), 1.0793 (61.8% Fib exp.) Resistance: 1.0850 (38.2% Fib exp.), 1.0874-85 (trend...

Talking Points:AUD/USD Technical Strategy: Short at 0.9328 Support: 0.9201 (channel floor, 23.6% Fib exp.), 0.9041 (38.2% Fib exp.) Resistance: 0.9361 (channel top), 0.9408 (May 14 high) The...

As price has drifted lower, the bearish momentum in USD/CAD has reduced significantly. Whilst not a buy signal yet, it is one to keep in your watchlists.Below you may find the video

The ECB meeting this Thursday, June 5 is highly anticipated, as it will be indicative of monetary policy going forward. I found this especially interesting in light of the technical pattern currently...

Friday went a long way to resolving some minor conflicts. The adjustment required in EUR/USD was counter-intuitive with USD/CHF. Although I wondered whether the latter could have retained my count, it...

Being contained by 1.0813 support, the USD/CAD rebounded from 1.0822. However, the bounce is likely consolidation of the downtrend from 1.0941, another fall to test 1.0813 support would likely be seen...

The following table lists the key economic data and other events that came out during the week of May 26ththrough May 30th, with release times displayed for the GMT time zone. The list also indicates...

EUR/USDWe are currently sitting at 1.3632 after a violent correction from the rising wedge which we alerted to. The correction is on the 0.786 Fibo which is a definite bounce point so watch for a move...

EUR/USDThe pair saw a relatively subdued start to the week with Europe away from market, although did see a break back above the 200DMA amid early USD weakness and EUR support stemming from month-end...

Today we expect the GDP MoM, to be published at 14:00 (CET, server time). This is a key indicator of economic activity, which is calculated after adjustment for inflation. For today, according to...

AUD/JPY: Currently we are at 94.52. We are looking for a move through the bear flag and then a continuation to the S4 area at 93.82. Overall target next week is 92.95. The average daily true range...

Euro continues falling down. We think, today price may reach the level of 1.358 grow up towards level of 1.3650 to test it from below, and then move downwards again to reach level of 1.3575. Later, in...

The Japanese yen continues to show little movement on Friday, as USD/JPY trades in the mid-101 range early in the European session. On the release front, Japanese inflation...