Forex Opinion & Analysis

UK GDP flat in third quarter The British pound is steady on Friday. In the European session, GBP/USD is trading at 1.2219, down 0.02%. The pound is coming off a nasty four-day slide, which declined...

EUR/USD is continuing to trade in a rising channel formation, reminiscent of a bearish flag given the trend that preceded it but recent signs may suggest it’s not that straightforward.The first...

China inflation misses estimate NZ manufacturing PMI expected to decline The New Zealand dollar is in positive territory on Wednesday. In the European session, NZD/USD is trading at 0.5926, up...

EURUSD decelerates below 200-EMA resistancePositive structure remains intact above 1.0600EURUSD could not carry last week’s impressive rally above its 200-day exponential moving average (EMA),...

China’s inflation misses estimate RBA to release monetary policy statement on Friday The Australian dollar is unchanged on Thursday and is trading at 0.6401. This follows a three-day slide, in...

BoE’s Bailey says no plan to cut rates The British pound has edged lower on Wednesday. In the North American session, GBP/USD is trading at 1.2287, down 0.10%. There are no tier-1 releases out...

Bullish:  We are currently @ 185.07 in a range. We have completed 4 waves and a break of the slope resistance and we are looking for a continuation to the 0.382 Fibo @ 185.81 with the further...

USDJPY enters 150 territory again, above SMAsTechnical signals mixed; 2023 uptrend well intact USDJPY is looking to resume its bullish trend ahead of Powell’s speech, having softly pivoted...

The data calendar remains quiet across developed markets, but we are hearing more from central bankers. Fed speakers have delivered hawkish comments, emphasizing the fight against inflation and...

EUR/USD falling back below 1,07 and inside the bearish price channel is a strong reminder that the latest rally may be misleading.Original Post

New Zealand dollar sharply lower RBA raises rates but the Australian dollar slides Chinese exports decline The New Zealand dollar is down sharply on Tuesday. In the North American session, NZD/USD is...

Emini daily chart The Emini has formed a seven-bar bull microchannel. This is a strong enough breakout for traders to expect a 2nd leg up and the market to get above the October 17th high....

Bearish:  We are currently @ 185.26 in a range. We have a break of the slope support and as soon as we put in a small top we are looking for a continuation to the 0.786 Fibo @ 184.40 with the...