Forex Opinion & Analysis

Note: FOMC Minutes today Bearish: Forex Strategies: Currently, EUR/JPY is at 162.21, waiting for the slope support breakout. We are looking for a continuation to the ATR target at 160.32 and then the...

The euro is calm on Wednesday after an impressive 3-day rally which saw the EUR/USD jump 1.4%. Will the upswing continue? In the European session, EUR/USD is trading at 1.1220 at the time of writing,...

EUR/USD has risen above $1.11, almost repeating its late December peak. At current levels, the pair is within the upper boundary of its trading range, and the technical analysis suggests that a...

USD/JPY remains below 200-day SMA and uptrend line RSI ticks higher reflecting the latest move USD/JPY is gaining some ground after three consecutive red days and losing around 3% from the 149.50...

Bullish: Forex Strategies: Currently, USD/JPY is at 146.39 in a channel. We looking for a continuation to the ATR target at 144.71 and then the day chart bottom at 142.18. Watch the USDX for...

The US dollar has fallen to its lowest levels of the year, losing more than 2.3% from its August peak and around 4% since early July as expectations of a Fed rate cut in September began to be priced...

The EUR/USD pair is nearing a critical resistance level at 1.11 as the greenback weakens ahead of Jackson Hole. Federal Reserve minutes and Jerome Powell’s Jackson Hole speech are key this...

We discussed the prospect of a low on the Japanese Yen currency several weeks ago. You can see the original chart below. The Japanese Yen did rally off important price support and many assets...

The US dollar is on the retreat again, and one of the dollar-bearish catalysts is political. Ahead of the DNC, Kamala Harris is leading in the polls and recently outlined a potentially inflationary...

Economic data from the US in recent weeks has reduced the risk of recession and encouraged the purchase of risk assets, but the construction sector is bucking the trend.  Building permits fell 4% in...

The Australian dollar has started the week with slight gains. AUD/USD is trading at 0.6685 in the European session, up 0.24% on the day at the time of writing. Earlier today, the Australian dollar...

Markets stabilized with positive data easing US recession fears, but the US dollar's decline continued. The DXY may face further declines if it falls below the 101.8 support level, with a potential...

EUR/USD flirts with 8-month high again Remains well above the long-term symmetrical triangle 50- and 200-day SMAs ready for bullish cross Momentum oscillators confirm upside move EUR/USD has been...

In the upcoming week, major currency pairs like GBP/USD, EUR/USD, and USD/JPY could experience significant dollar-driven moves despite a lighter economic calendar. With rising US unemployment and...