Forex Opinion & Analysis

MyFXspot.com Trade Ideas EUR/USD: long at 1.1320, take profit at 1.1470, stop-loss 1.1255 Market Overview U.S. GDP increased at a 2.6% annualized rate in the fourth quarter after expanding at a 3.4%...

The Canadian dollar has lost ground in the Thursday session. Currently, the pair is trading at 1.3205, up 0.37% on the day. On the release front, Canada’s current account deficit widened to...

NZD/USD Bearish: Currently, we are at 0.6835 in a range and a channel. IF we can break the support here, we are looking for the continuation to the 0.786 Fibonacci at 0.6767. The overall target is the...

GBP/AUD continues to rise inside the hourly Up Channel chart pattern which was previously identified by Autochartist. Autochartist rates the quality of this Up Channel chart at the 5-bar level...

EUR/USD has climbed higher in the Thursday session. Currently, the pair is trading at 1.1419, up 0.42% on the day. In the eurozone, the focus is on German CPI, which is expected to rebound with a gain...

The British pound registered the best result among its G10 competitors on Tuesday, recovering more than 150 points against the US dollar, to 1.3287 highs. The rally was triggered by the British Prime...

USDJPY closed around 110.86 in the US session Wednesday, surged by almost +0.26% and made the session high of 111.08 on less dovish testimony by Fed’s Chair Powell. USD was also boosted by...

The U.S. wants China to re-evaluate yuan a claim that can hardly be met by the Chinese if they do not want to repeat Japanese 2 lost decadesTrade Optimism Fading The optimism around the US-China talks...

Wall Street ended mixed yesterday, rebounding from intra-day lows for a nondescript close. U.S. top trade negotiator said China buying more U.S. goods is not enough, need to see structural changes....

Manufacturing PMI at 3-year low More signs of how the Chinese economy is facing headwinds was evidenced by a further weakening in China’s PMI readings in February. The manufacturing PMI slid to...

At last, we have seen the dollar lows. We should be heading higher in the dollar and confirming the bullish foundation Wave i and Wave ii before any stronger rally. Of course, this will see swings so...

Wednesday;s economic calendar was light on traditional economic data, but heavy on high-stakes testimonies with President Trump’s former attorney Michael Cohen, US Trade Representative Robert...

The EUR/USD daily Forex chart is back to the middle of its 4 month trading range. Legs up and down have lasted 2 – 3 weeks. This leg will probably end soon. The February selloff was unusually...

Hi traders, AUD/JPY made a nice turn down due to a risk-off mode as expected. Now it's trading at important support, so if it's manage to break below channel support line and 78.90 region, then it may...