Forex Opinion & Analysis

USD/CAD faces upside risk following its price rejection on Wednesday. Support comes in at the 1.3300 level where a break will aim at the 1.3250 level. Further down, support comes in at the 1.3200...

GBP/AUD Bearish: Currently we are at 1.8500 and in a flag pattern (same as yesterday). If we can break back into the channel, we are looking for a continuation to the 0.500 Fibonacci and ATR target of...

That vote to block the No Deal Brexit did not spark large movement on the Cable. As we said in our previous analysis, the financial market is now pretty resilient to the news around Brexit and it is...

The highlight of today in FX could be the release of the ECB's March minutes. Here's our major currency pair roundupUSD: S&P 500 just 2% away from the September highsPresident Trump must be very...

The US dollar traded weaker on the day on Wednesday. The {{|ADP}} payrolls report was disappointing, with the private sector showing a potential slowdown in the labor market. The ISM’s...

EUR/USD continues to rise after the earlier breakout of the hourly Falling Wedge chart pattern which was previously identified by Autochartist. Autochartist rates the quality of this Falling Wedge at...

There are still maybe some minor risks of an initial dollar dip in the early stages but this should soon turn around. However, not all of the pairs are in sync. EUR/USD may see a minor new high for...

After a few days of relative calm in EUR/USD, the bulls are making a move today. How high can their staying power take them? What do the charts say? Is it brighter days ahead, as risk aversion is...

After some hesitation on Tuesday, USD/JPY resumed its upside move today, as the pair registered fresh two-week highs above the 200-DMA, at 111.57. The next bullish target now comes at 111.70 which is...

The EUR/USD daily chart turned up overnight from above the March 7 low. This is a double bottom. There is a Spike and Channel bear trend over the past 6 days on the 240-minute chart. Traders expect a...

Today we have added EUR/USD, USD/JPY, gold and S&P 500 to our portfolio structure optimizer and that is what we’ve got as a result: The model maximizes the expected rate of return and...

The Canadian dollar is slightly higher in Wednesday trade. In the North American session, the pair is trading at 1.3314, down 0.18% on the day. On the release front, there are no Canadian events. In...

GBP/AUD Bearish: Currently, we are at 1.8500 and in a flag pattern. If we can break back into the channel, we are looking for a continuation to the 0.500 Fibonacci and ATR target of at 1.18364. The...

It is very hard to find a proper, solid trend nowadays on the market. Charts are full of sudden and unexpected changes in the direction, boring sideways trends and false breakouts. As an example, the...