Forex Opinion & Analysis

After a luckluster start to the week, EUR/USD has posted gains on Tuesday. Currently, the pair is trading at 1.1246, up 0.37% on the day. On the release front, the focus is on the service sector....

AUD/USD continues to fall inside the 15-minute Falling Wedge chart pattern which was previously identified by Autochartist. Autochartist rates the quality of this Falling Wedge at the 3-bar level...

US CrudeOil buyers broke out Target Zone 5 yesterday, they are trying to consolidate above today. If the US trade session confirms the breakout, the next target in the middle-term uptrend will be...

Improved risk sentiment and higher oil prices could be supportive of CAD/JPY. So we're closely watching for a potential break higher. Risk sentiment has been given a boost, thanks to the rebound from...

The markets are heading into a busy second half of the week with still a lot of data due to come over. Today, the non-manufacturing PMI report from the Institute of Supply Management will be coming...

The greenback tested a four week high at 97.09 on Tuesday before promptly giving back the gains. The reversal pattern comes amid a host of economic reports and news that the US and China drew closer...

These days it seems there's not a lot we can agree on, but I think there's one understanding that's close to universal, and that's the impact of the US dollar on global markets. I would even take it...

In recent sessions, EUR/USD has drifted down towards long-term support. Given we’ve not seen a weekly close beneath 1.1200 in 21-months and the daily timeframe is looking stretched, a bounce...

The Yo-Yo movements in the sterling continue, this time what we saw was a spontaneous reversal back to the upside as algos and fast money piling into the GBP after news broke out that UK PM May is...

The EUR/USD daily Forex chart has sold off for 10 days after rallying for 10 days. Every trading range has both a credible buy and sell signal. Here, in the current 4-month range, there is now a...

The Euro had a very bullish trading session on Tuesday, breaking through a trend line against the New Zealand dollar that has been very negative for some time. Beyond that, we have broken above the...

Sentiment surrounding the common currency remains negative, with EUR/USD nursing losses for a sixth day in a row. The pair is flirting with the 1.12 important support for the first time in nearly a...

MyFXspot.com Trade IdeasEUR/USD: short at 1.1240, take profit at 1.1105, stop-loss 1.1305 AUD/USD: short at 0.7120, take profit at 0.7010, stop-loss 0.7175 NZD/USD: short at 0.6800, take profit at...

The New Zealand dollar broke down a bit during the Tuesday session, slicing through what would be thought of as a minor trendline, showing just how weak the Kiwi has become as of late. With the Royal...