Forex Opinion & Analysis

It appears that the GBP/USD is currently experiencing a bearish trend, with its current rate at 1.2659 in a fifth wave within a channel. If it can break through its current support, we can expect a...

UK wages expected to accelerate by 7.9% US retail sales projected to rise 0.4% The British pound is quiet at the start of the week. In the European session, GBP/USD is trading at 1.2701, up 0.05%.UK...

Australian dollar extends losses Australia’s wage growth expected to rise Chinese Industrial Production is projected to remain unchanged The Australian dollar started the week by dropping 50...

Readers of my column have been keeping well aware of the implications of a) USD following its daily chart downtrend, or b) painting the July plunge as a bear trap and going bullish again. We’ll...

EURUSD Forex daily chart The EUR/USD is forming a tight trading range above the July 6th high. The July 6th high is a magnet, and the market will probably reach its high over the next few days. The...

U.S. Dollar has had a volatile week Major currencies rose against the dollar before a swift turnaround The euro rebounded post CPI, while the pound and yen continue to rise This week has been nothing...

The EUR/USD is trying to get an upside breakout and a close above the moving average after forming a higher low with the August 3rd low. The bulls want today to close with a strong buy signal bar,...

At the moment, GBP/AUD is situated at 1.9426, within a new channel. Should we successfully break through the current support level, we anticipate a continuation towards the ATR target at 1.9322, with...

US inflation is expected to rise to 3.3% ECB singing a dovish tune ahead of the September meeting The euro has climbed higher on Thursday. In the European session, EUR/USD is trading at 1.1020, up...

Australia’s inflation expectations ease US inflation is expected to rise to 3.3% The Australian dollar is in positive territory on Thursday. In the European session, AUD/USD is trading at...

The BOJ’s confusing decision to partially relax its yield curve control program has potentially pushed formal rate hikes out further. Yen weakness has resumed in earnest, taking USD/JPY back...

The EUR/USD formed a tight trading range over the past 8 bars. Until there is a clear breakout of the tight trading range, traders should assume that the tight trading range price action will...