Forex Opinion & Analysis

AUD/USD stays within a downward price channel on 4-hour chart, and remains in short term downtrend from 0.9232. Resistance is at the upper line of the channel, and as long as the channel resistance...

The Japanese yen was sharply lower across the board through the European session as USD/JPY climbed to ¥99.42, EUR/JPY rose to ¥131.37, GBP/JPY reached ¥154.91, and AUD/JPY gained to...

The pair has fallen and then rebounded off of the 0.8990 lows. The bounce is quite strong and has led to run up to 0.9013 so far. The reversal higher has been quite sudden and rapid – at least...

EUR/USDEven though EUR/GBP finished the session sharply lower amid GBP favourable M&A related flows. The pair settled little changed as the market participants positioned for the upcoming ECB...

The new month of September kicks off with a slow start, as the US markets are closed for the Labor Day holiday. The US dollar made the most of Monday’s Asian session and has posted strong gains,...

This week the scorecard recommends buying SEK, NOK, and CAD, while selling NZD, JPY, and CHF (see suggested weights in portfolio in table below). Last week's sell-off in the two Scandinavian...

EUR/USDCurrent level - 1.3214The minor downtrend from 1.3400 is already over with the recent low at 1.3172 and currently a consolidation is underway, preceding next wave downwards, to 1.3050. Minor...

Till Thursday, the pair was influenced by the mid-term bearish trend, restricted with the red trendline. Buyers managed to break this line which also helped to break the 1.2320 resistance (yellow...

Market CommentaryThe Greenback is trading mixed against the FX majors wherein it is trading flat against the Common currency and the Swiss Franc; strong against the Japanese Yen where as it is trading...

XAU/USDSpot Gold remains at the back foot, as corrective pullback off fresh high at $1,433 broke below the psychological 1400 support, with weekly close occurring below this level. With negative tone...

AUD/NZDThe cross maintains positive near-term structure off 1.1433, 29/08 higher low, part of broader recovery from 1.260 higher platform and one-month rally from 1.1197 low. Prevailing positive tone...

AUD/USDThe Aussie remains under pressure, as fresh extension of downleg from 0.9332 peak, retested 0.8890 low, where temporary footstep was found. Corrective rally is under way, with the price...

There are signs the short-term trend is reversing. On Friday the move down broke below the 1.3205 lows confirming a reversal in peak and trough with a lower high and a lower low. Now the pair has...