Forex Opinion & Analysis

The EUR/USD daily Forex chart has rallied for 4 days after breaking below the 4-month trading range. The rally is testing the top of the March 7 sell climax, the 20 day EMA, and a 50% retracement....

EUR/USD Bullish: Currently we are at 1.1298 and back in the range. IF we can break resistance here, we are looking for the continuation to 0.618 Fibonacci at 1.1385. The overall target is 1.1500 area....

The Canadian dollar is unchanged in the Wednesday session. Currently, the pair is trading at 1.3354, unchanged on the day. On the release front, there are a host of key events. Core durable goods...

EUR/GBP traded in a roller-coaster manner this week. It tumbled around 200 pips on Monday, rebounded and recovered most of the lost ground on Tuesday, but came under renewed selling interest on...

The pound is regaining its position after a sharp fall on Tuesday when the British parliament again voted against the version of the Brexit agreement proposed by Prime Minister Theresa May.Now...

Although the trend points lower, mean reversion appears likely over the near-term according to some indications.Z-score, consecutive days and lower Keltner-band test suggest mean-reversion The...

The British pound remains one of the most dynamic assets in the FX market. Just yesterday, the GBP/USD pair traded within the 282-point range, which indicates market nervousness amid the buzz around...

What is it going to take to appease UK lawmakers on Brexit? Prime Minister Theresa May clearly hasn’t been able to find a solution to that pressing conundrum, after two years of draining...

The highlight of yesterday’s development was in GBP/USD, whipping higher and then a heavy decline – and that was just a Wave (a). We shall need to be cautious with this pair but overall...

Part two of the vote trilogy todayAfter yesterday’s volatile session which saw swings of more than 2% for GBP/USD, the pound paused for breath during the Asian session as we now await the...

Daily Markets Broadcast March 13, 2019It was mixed session on Wall Street overnight as the SPX500 and Nas100 indices gained but the US30 index fell, pressured by Boeing (NYSE:BA) amid an escalating...

The euro rallied a bit during the trading session again on Tuesday as we have seen a nice recovery after the European Central Bank press conference sent the euro just below the 1.12 level last week....

MyFXspot.com Trade IdeasEUR/USD: sell at 1.1300, take profit at 1.1100, stop-loss 1.1400 Market Overview With growth slowing and business confidence fading, the ECB announced new stimulus measures...

The Australian dollar initially pulled back during trading on Tuesday but has rallied again later in the day to press a downtrend line that I have clearly marked on the chart. Beyond that, there is a...