Forex Opinion & Analysis

The EUR/USD is getting a second leg down after the June 2nd bear reversal bar. While the selloff over the past three days has been good for the bears, it will probably be limited. The reversal up on...

Note: Gov Lowe speaks this PMBearish: EUR/NZD is currently at 1.7611 in the channel. With the support break, we are looking for a continuation to the 1.000 Fibo/ATR target at 1.7500 with an overall...

The Reserve Bank of Australia surprised many with a quarter-point hike and German factory orders unexpectedly fell. Reports suggest that China has asked banks to cut deposit rates. The next result is...

AUD/USD rally continues for fourth straight day RBA surprises with 25-bp hike Australia releases GDP early Wednesday The Australian dollar continues to roll and has extended its rally on Tuesday. In...

GBPUSD had been in a downside correction after peaking at the one-year high of 1.2678 on May 10. However, the pair retraced back higher when it found support at the long-term ascending trendline,...

Despite a quiet economic calendar to start the week, GBP/USD has seen some volatile price action on the back of the US Services PMI report. GBP/USD continues to find support at the bottom of its...

The EURUSD has been in a tight bear channel below the moving average (blue line) since early May. The bulls are developing decent buying pressure over the past couple of trading days, which increases...

Note: ISM Services PMI is this AMBearish: EUR/AUD is currently at 1.6201 in a flag pattern (bearish) in the channel. If we can break the flag, we are looking for a continuation to the 2.270 Fibo at...

The US dollar index collapsed ahead of the Nonfarm payroll, unexpectedly breaking support at 103.90/70 & taking out the lows for the previous 5 days.However, on Friday we reversed & shot...

US nonfarm payrolls surge, unemployment climbs RBA expected to pause at Tuesday’s meeting The Australian dollar is coming off a strong week, with gains of 1.35%. AUD/USD has edged lower on...

The US dollar has extended its post-employment gains today, helped by firmer rates and several countries seeing downward revisions from the preliminary May PMI. The greenback is trading with a firmer...

Gold has breached its ascending trendline and could soon drop below the Ichimoku cloud as well, as the short-term momentum indicators are pointing down. The %K and D% lines of the stochastic...

True to the historic pattern, the US debt ceiling was used by the party not in control of the executive branch to exact spending concessions. Despite the extreme partisanship, the brinkmanship...

The EUR/USD got a bull breakout yesterday. However, as strong as the bull breakout bar is, it is probably a minor reversal. The channel down from the May high is tight, which increases the odds that...