Forex Opinion & Analysis

The AUD/USD is testing for the 3rd consecutive day the long-term symmetrical triangle’s T/L resistance at 0.6885. A break above it confirms the move that the Kiwi has already done and opens a lot...

The Swiss National Bank met expectations by cutting its key interest rate by 0.25 percentage points to 1.0%, slowing the pace of the move to normalization after two cuts of 0.50 percentage points...

The Swiss franc is showing limited movement on Thursday. USD/CHF is trading at 0.8483, down 0.24% on the day. In the US, it’s a busy day with US GDP, unemployment claims and durable goods orders. As...

The EUR/USD pair is gaining momentum as expectations rise for a jumbo Fed rate cut in November. Key economic data and Fed commentary this week will guide traders' strategies. Watch for critical...

Yesterday, we saw some interesting reversals on dollar pairs during the US session after the US housing data was released. It's notable that the dollar is up despite higher stocks, which continued to...

GBP/USD has surged on the back of strong UK economic data and the BOE’s interest rate eclipsing the Fed’s. The pair is forming a Dark Cloud Cover pattern at resistance. Two different momentum...

After two weeks of dollar weakness, the currency market is experiencing a pullback. The US Dollar Index (DXY) is rising after briefly dipping below the 100 level. This level had already attracted...

EUR/JPY at 161.50 in a range, a channel, and a 5th wave.  We are looking for a move to the ATR target at 12.12.  Watch for a head and shoulder pattern to start to develop.  The ATR of the pair is 176...

The US Dollar Index (DXY) is breaking down from the symmetrical triangle it was stuck in during the past month. This opens as a 1st target 100 with 99.40 following. Keep looking lower against 101.88....

The Australian dollar has edged lower on Wednesday, after surging 1.1% since the start of the week. In the European session, AUD/USD is trading at 0.6879, down 0.18%. Earlier, the Australian dollar...

The USD/JPY pair has found a stable footing around 143.22 as investors carefully analyse the recent comments from Bank of Japan Governor Kazuo Ueda. His remarks suggest that the BoJ is taking a...

Will EUR/USD break the double bottom to the upside? Strong support at 1.1100 Stochastic and RSI look quite positive EUR/USD is continuing the upside rally near the 13-month high of 1.1200,...

The US dollar has posted gains on Tuesday. In the North American session, USD/JPY is trading at 144.04, up 0.34% at the time of writing. BoJ’s Ueda says no rush to hike rates The Bank of Japan stayed...

EUR/JPY is at 160.43 in a range. IF we can break slop support, we are looking for a continuation to the ATR target at 159.38 area with a further target the 1.000 Fibo at 158.96. We expect a reaction...