Forex Opinion & Analysis

USD/JPY continues to rise after the recent sharp breakout of the daily Triangle chart pattern identified by Autochartist – as you can see from the trade opportunity alert shown below. The pair...

XAU/USDSpot Gold regained strength, as extension of near-term recovery from 1372 low, broke above the 1400 barrier that capped price action during past few sessions. A freshly established positive...

AUD/NZDThe cross maintains positive near-term structure off 1.1433, 29/08 higher low, part of broader recovery from 1.1260 higher platform, and one-month rally from 1.1197 low. Fresh extension higher...

AUD/USDThe pair remains well supported and extends a near-term recovery rally off of the 0.8890 double-bottom, with 0.9100, and a psychological Fibonacci at 61.8% of 0.9232/0.8890 barrier being taken...

USD/JPYThe pair remains steady and continues to trend higher en-route towards the psychological 100 barrier, with 99.85 seen so far. A positive near-term technicals support the action, with sustained...

GBP/USDThe Cable trades in the near-term consolidative mode after cracking the psychological 1.5600 barrier on a spike to 1.5603. The second day closing above 200DMA gives more credibility to the...

EUR/USDThe euro remains under pressure and extends fresh weakness below important 1.3200/1.3180 support zone. The price tested 200D MA at 1.3136 with the psychological 1.3100 suppor. ,Also, 50% of...

General Market Commentary: Markets mostly consolidated sideways yesterday as several major trend changes appear to be in the making. To sum it all up, the US dollar is poised to make gains across the...

The U.S. Dollar reached a six-week high against the Euro ahead of economic releases which analysts believe will show that U.S. Factory Output rose, providing further evidence for the Federal Reserve...