Forex Opinion & Analysis

The USD/JPY pair is rising, reaching 148.28 on Friday. The US dollar is strengthening across the market following the release of US retail sales data.This information is prompting market participants...

The Japanese yen has extended its losses against the US dollar for a fourth straight day and is down 1.1% this week. In the European session, USD/JPY is trading at 148.70, up 0.28%.Japanese Unions Win...

US PPI jumps 0.6% New Zealand Mfg. PMI expected to remain in negative territory The New Zealand dollar has lost ground on Thursday. In the North American session, NZD/USD is trading at 0.6136, down...

Bearish:  We are currently @ 1.2794 in a channel  in a range.  We are starting a third wave and looking to continue the channel to the ATR target @ 1.2750 with a further 0.618 Fibo...

AUD/USD squeezed between key levelsTraders indecisive ahead of US retail sales AUD/USD regained positive momentum and climbed above its exponential moving averages (EMAs) after breaking out of...

The USDCAD pair remains within a sideways range, with the Canadian dollar occasionally showing a tendency to strengthen. Recent DES data revealed that Canadian households have become more affluent. In...

The British pound is drifting on Wednesday. In the European session, GBP/USD is trading at 1.2784, down 0.06%.UK GDP Expands 0.2% in JanuaryIt wasn’t a spectacular rebound but the UK economy...

Bullish:  We are currently @ 189.37 in a channel  in a range.  We are looking to continue the channel to the ATR target @ 1190.12. There is  a further 0.214 Fibo target @...

USD/JPY trades sideways in anticipation of next week’s key eventsUSD/JPY’s correction halted a tad above the 200-day SMAMomentum indicators support the bearish trend but with less...

As of Wednesday, the EUR/USD pair is hovering near 1.0925 after experiencing a volatile session, with expectations for a more subdued week ahead. Recent statistical data highlighted...

The Japanese yen has looked sharp lately but is considerably lower on Tuesday. In the North American session, USD/JPY is trading at 147.75, up 0.55%. The yen has rallied for five straight days,...

Bearish:  We are currently @ 1.6504 in a channel  in a range.  We are looking to continue the channel to the ATR target @ 1.6428. There is  a further S5 target @ 1.6366 ...

EUR/USD trades neutral as US CPI inflation data loomShort-term upleg intact but risks remain below 1.0968EUR/USD has been capped below the 50% Fibonacci retracement of the 2020-2022 downtrend at...

The British pound has extended its losses on Tuesday. In the European session, GBP/USD is trading at 1.2799, down 0.26%.UK Job Market Slows DownThe UK labor market has remained resilient despite...