Forex Opinion & Analysis

The markets continue to consolidate at the achieved price levels in anticipation of the outcome of today's meeting of the Federal Reserve. It is not the fact of the projected increase in the interest...

The Fed is set to raise rates today in what is all but a foregone conclusion, which will lead to profit-taking for dollar bulls. As well, President Donald Trump’s rhetoric yesterday at the UN...

GBP/USD has posted small losses on Wednesday, after recording gains in the past two sessions. Currently, the pair is trading at 1.3169, down 0.10% on the day. In the U.K, a CBI survey showed that...

The main currency pair is waiting for clues from the central bank.The announcement of the results of the FOMC meeting, the presentation of the draft Italian budget and the release of data on European...

Silver buyers closed above 14.29 yesterday. Local trend turned to uptrend.WTI Apparently, the medium-term uptrend for oil has stopped. Buy in case of correction in the zone of [69.54 – 69.23]....

Bearish AUD/USD: Currently we are @ 0.7243. We are looking for a continuation to the 0.214 Fibo @ 0.8875 and then continuing to the former day chart bottom @ 0.7164 area. The average daily true range...

USD/JPY recently broke the 15-minute Rising Wedge which was recently identified by Autochartist. Autochartist rates the quality of this Rising Wedge at the 6-bar level – which is the result of...

The US Dollar traded marginally lower against other major currencies on Tuesday. The Pound Sterling (GBP) continued to recover from last week’s losses, when the unsuccessful summit in Salzburg...

EUR/JPY Daily OutlookDaily Pivots: (S1) 132.50; (P) 132.80; (R1) 133.24; Intraday bias in EUR/JPY remains neutral for consolidation below 113.12 temporary top. Another fall could be seen. But in that...

EUR/AUD Daily OutlookDaily Pivots: (S1) 1.6189; (P) 1.6224; (R1) 1.6264; EUR/AU’s sharp fall indicates temporary topping at 1.6252 and intraday bias is turned neutral. On the downside, break of...

EUR/USD Daily OutlookDaily Pivots: (S1) 1.1734; (P) 1.1763; (R1) 1.1796; EUR/USD is bounded in tight range of 1.1723/1814 and intraday bias remains neutral. On the downside, break of 1.1723 minor...

USD/CHF Daily OutlookDaily Pivots: (S1) 0.9629; (P) 0.9651; (R1) 0.9672; USD/CHF’s rebound from 0.9541 short term bottom is still in progress and intraday bias remains on the upside for 0.9757...

USD/CAD Daily OutlookDaily Pivots: (S1) 1.2935; (P) 1.2954; (R1) 1.2973; Intraday bias in USD/CAD remains neutral as it’s staying in range of 1.2883/2975. At this point, we’re staying...

A bit of hesitation on the GBP/JPY. The pair is currently drawing a right shoulder of the H&S pattern. This is not happening in a random place. We are on the mid-term resistance created by the top...