Forex Opinion & Analysis

"USDJPY is trading in 5th wave, as we see it moving higher within in a five-wave cycle from Elliott wave perspective."The USD finished the week higher NFP number came out strong on...

The US Dollar appears poised to continue to move lower after latest economic data The euro, on the other hand, has been pricing in the possibility of further rather hikes from the ECB Meanwhile,...

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),...

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...

US dollar tumbled following weak US economic data Meanwhile, the EUR/USD pair has rebounded strongly The USD/PLN has broken a long-term uptrend, and the CAD/JPY is preparing to break out Following...

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...

A crucial data week lies ahead as the latest PCE inflation figures are due on Thursday, while on Friday, the August NFP report will mark the end of summer. Both reports will be released at 12:30 GMT....

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...