Forex Opinion & Analysis

The EUR/USD broke above the moving average (blue line) two days ago. While the odds favor the bulls getting a second leg up, the bears were able to form a strong bear reversal bar...

Canada’s GDP expected to ease in Q2 US nonfarm employment payrolls expected to dip to 177,000 The Canadian dollar is calm in the European session, trading at 1.3500, down 0.07%. I expect to see...

NFP expectations are for the slowest job growth since early 2021. Traders, and the Fed, are looking for continued signs of slack in the labor market to signal that interest rates have peaked for this...

The EUR/USD formed consecutive bull bars, closing above the moving average. The market is likely Always In Long and will probably get a second leg up. The market formed a final flag (blue line),...

The euro is lower on Thursday, after a 3-day rally which pushed the currency 1% higher. In the European session, EUR/USD is trading at 1.0861, down 0.57%.Eurozone CPI steady, core CPI fallsEurozone...

AUDUSD had been in an aggressive decline after its bullish breakout from the rectangle encountered resistance at 0.6898, validating a double top pattern. However, the pair appears to be...

New Zealand business confidence rises ADP Employment Change falls to 177,000 NZD/USD is almost flat on Thursday, trading at 0.5958 in Europe.New Zealand Business Confidence improves againNew...

ADP posts 177,000 new jobs but traders not convinced US Q2 GDP revised lower to 2.1% (2.4% previously) USD pares six-week gains after weaker figures this week The recovery in equity markets appears to...

The EUR/USD is getting an upside breakout and will likely test the midpoint of the triangle (blue lines). The recent triangle was a likely final flag in a trading range. This means that the odds...

The Japanese yen continued to lose ground on Tuesday. In the North American session, USD/JPY is trading at 147.26, up 0.50%. The yen broke above the 147 level for the first time since November...

The GBP/AUD is currently at 1.9621 after a significant increase. If we are able to surpass the slope resistance, we anticipate a continuation towards the ATR Target at 1.9675, with a further target of...

US releases consumer confidence and job openings later on Tuesday Australia releases CPI on Wednesday The Australian dollar is in positive territory on Tuesday. In the European session, AUD/USD is...

GBPUSD had been in a prolonged uptrend since October 2022, storming to a fresh 15-month high of 1.3141 on July 14. However, since then, the pair has been experiencing a prolonged downside...