Forex Opinion & Analysis

The AUD/USD has been on a downward trend since the start of the year, hitting fresh lows after only managing a three-wave rise to the 0.6666 March highs, which was part of a triangle pattern visible...

Boosted interest in the Euro emerged after preliminary PMI estimates showed a surprising acceleration in the services sector, which was able to offset the negativity from industrial weakness...

The AUD/USD pair is experiencing upward momentum for the second consecutive day, reaching a one-week high near 0.6453 on Tuesday. This positive movement comes after a period of rapid decline and is...

The US dollar was in consolidation mode on Monday, but it will be looking to extend its recent gains even though we have seen rebound in equity markets at the start of this week with investors pricing...

Bullish:  Currently we are at 0.6442 in a well built Range.  We are looking to continue to the ATR target @ 0.6489 with a further target the R3 @ 0.6502.    Watch the USDX for...

The US dollar has rallied recently and is now consolidating gains. Geopolitical tensions and hawkish Fed comments are fueling the rise of the US dollar against major currencies like the euro and...

The Japanese yen showed some promise earlier, gaining as much as 0.48% against the US dollar as it rose to 153.59. However, it has pared those gains and is trading in Europe at 154.58, down...

The British pound dipped 0.30% earlier today but has managed to recover the losses. In the European session, GBP/USD is trading at 1.2451, up 0.12%.Retail Sales Misses EstimateThe UK release retail...

GBP/JPY is in the red today, not far from its recent highIt continues to hover inside a rectangle structureMomentum indicators are in waiting mode for the next key eventsGBP/JPY is trading lower today...

The British pound is having a quiet week and that trend has continued on Thursday . In the North American session, GBP/USD is trading at 1.2450, down 0.04%.Will UK retail sales improve?The UK release...

The Japanese yen is almost unchanged on Thursday. In the North American session, USD/JPY is trading at 154.44, up 0.03%.It’s a light data calendar today. US unemployment claims were unchanged at...

Bearish:  Currently we are at 1.9345 in a well built channel.  IF we can break support here, we are looking to continue to the ATR target @ 1.9262 with a further target the 1.270 Fibo @...