Forex Opinion & Analysis

The Canadian dollar has started the week quietly. Early in the North American session, USD/CAD is trading at 1.3321, down 0.12% on the day. On the release front, it’s a light day for...

Recently, we have seen the Australian dollar bounce off of the 0.70 level several times. Most drastically we had seen a massive hammer form a couple of months ago that pierced the 0.68 level...

USD/CHF continues to fall inside the daily Up Channel chart pattern which was previously identified by Autochartist. Autochartist rates the quality of this Up Channel at the 6-bar level – which...

EUR/JPY Bullish: Currently, we are at 126.66 and in a range. IF we can break fibonacci resistance here, we are looking for the continuation to range top at 127.60. The average daily true range (ATR)...

EUR/USD has edged higher on Monday. Currently, the pair is trading at 1.1352, up 0.26% on the day. On the release front, the focus is on inflation data. It’s a slow data calendar to start the...

XAU/USD: Wave Analysis And Forecast For March 15-22 The pair XAU/USD is still likely to grow. The estimated pivot point is at a level of 1280.14. Main scenario: long positions will be relevant from...

GBP/USD: Wave Analysis And Forecast For March 15-22The pair GBP/USD is still likely to grow. The estimated pivot point is at a level of 1.2958. Main scenario: long positions will be relevant from...

USD/CHF: Wave Analysis And Forecast For May 15-22The pair USD/CHF is still likely to grow. The estimated pivot point is at a level of 0.9923. Main scenario: long positions will be relevant from...

USD/CAD: Wave Analysis And Forecast For March 15 - 22The pair USD/CAD is still likely to grow. The estimated pivot point is at a level of 1.3123. Main scenario: long positions will be relevant from...

USD/JPY - EUR/JPY Daily Forecast - March 18, 2019 USD/JPY holding first support at 111.45/40 re-targets 111.80/85 before resistance at the high at 112.10/20. Try shorts with stops above 112.40. We...

AUD/USD NZD/USD Daily Forecast - March 18, 2019 There is a AUD/USD selling opportunity at 7090/99 today with stops above 7120. A break higher however targets 7160. Minor support at 7050/40 but below...

EUR/USD Forms a Double Top PatternThe euro posted modest gains on Friday as price action settled near March 13 highs of 1.1329, forming a double top pattern. The gains came as final inflation figures...

The US dollar was on the retreat yesterday and during today’s Asian session, as a number of soft data were released. Investors seem to expect that the soft data may dovishly affect the...

U.S. stocks posted their best weekly performance last week, sending the S&P 500 above the critical resistance level of 2,815. Equity bulls may see the break of the technical resistance as an...