Forex Opinion & Analysis

Bearish:  We are currently @ 147.06 breaking a flag pattern (bearish) in a channel and in a range. We are looking for a continuation to the ATR target @ 146.18 with the further target  the...

Australian GDP falls to 0.2% AUD/USD rebounds after two-day losing streak The Australian dollar has bounced back on Wednesday and snapped a two-day losing streak. In the European session, AUD/USD is...

The dollar has shown resilience after disappointing JOLTS job openings data yesterday, leaving EUR/USD under pressure as the euro’s idiosyncratic negatives fuel bearish momentum. Today, the Bank...

NZDUSD in the green today but sentiment mixedKey market events increase possibility of stronger movesMomentum indicators on the brink of giving bearish signalsNZDUSD is edging higher today, reacting...

Germany, eurozone PMIs revised upwards Euro slide continues for a fifth day US ISM Services PMI beats forecast The euro has extended its losses on Tuesday. In the North American session, EUR/USD is...

GBP/USD is currently @ 1.2631 in a flag pattern (bearish) in a channel and in a range. We are looking for a continuation to the ATR target @ 1.2541 with the further target the range bottom @ 1.2526....

For the last three trading sessions, the dollar index has been crossing up and down the 200-day moving average every day. All in all, the flirting with this level has been going on for more than three...

GBPUSD reaches overbought area near key resistanceSellers could take control of the market below 1.2588GBPUSD flatlined around the familiar 1.2720 resistance region, which was last tested at the end...

Tokyo Core CPI eases to 2.3% US to release ISM Services PMI later today The Japanese yen has edged lower on Tuesday. In the European session, USD/JPY is trading at 147.08, down 0.10%.Tokyo Core CPI...

Markets have scaled back some dovish bets on the Fed at the start of this week, perhaps starting to position more cautiously ahead of a Fed pushback and key data releases. Today, JOLTS and ISM...

Bearish: USD/JPY is currently at 1.2664 in a trend in a 5th wave. We are looking for a continuation to the ATR target at 145.80 with the further target  the Day chart bottom at 145.10....

AUD/USD lower on Monday RBA likely to maintain rates on Tuesday The Australian dollar has started the week in negative territory. In the European session, AUD/USD is trading at 0.6648, down 0.40%. The...

November brought a correction to the Dollar Index, and eventually, it found stability around the 103 level. EUR/USD on the other hand is awaiting signals from Lagarde's speech to determine next...

The dollar starts the week in a mixed fashion. USD/JPY is trading at a new corrective low, while EUR/USD continues to lick its wounds after a torrid session on Friday. The highlight of this week's...