Forex Opinion & Analysis

Bullish:  Currently we are at 171.15 in a working channel and a possible 5th wave.  IF we break the 1.618 Fibo here, we are looking to continue to the ATR target @ 172.10.    Watch...

The FX markets have been a little quieter so far this week, largely due to a quiet US data calendar. But as we approach the business end of the week, we should see pockets of elevated volatility and...

USD/CAD has edged higher on Wednesday and is up 0.25%, trading at 1.3760 at the time of writing.Canada’s Ivey PMI climbed sharply in April to 63.0, up from 57.5 in March and beating the forecast...

The Japanese yen is down for a third straight day and has declined 1.5% this week. USD/JPY has risen 0.43% on the day and is trading at 155.35 at the time of writing. Early Thursday, the BoJ will...

Strengthening rate cut projections weigh on USDJPY; upward pattern intact above 151.90GBPUSD faces rejection near familiar resistance of 1.2630 ahead of BoE policy announcementUSDCAD trends within a...

The USD/JPY pair is on the rise again this Wednesday, recovering more than half of its previous losses despite ongoing warnings from Japanese authorities about sharp fluctuations in the yen. Finance...

The EUR/USD pair is in moderate decline, continuing a previously established downward momentum. The currency is testing the 1.0740 level to the downside as investors wait for new catalysts to move the...

In the 4-Hour chart of CAD/JPY, the Tenkan-sen line is below the Kijun-sen, with the red line pointing upward while the blue line remains horizontal. The Chikou Span indicator is below the price...

The Japanese yen is down for a second straight day on Tuesday. USD/JPY has risen 0.45%, up 154.59, up 0.45% at the time of writing. The yen is down 1% this week after soaring 3.4% against the dollar a...

The Australian dollar has lost ground on Tuesday. AUD/USD has dropped by 0.31%, trading at 0.6604 in the European session at the time of writing.RBA Stays Pat But Wary of InflationThere was no...

Bearish:  Currently we are at 154.45 barely out of a channel and a possible 5th wave.  IF we break back in the channel, we are looking to continue to the ATR target @ 152.54 with a further...

The British pound is slightly lower on Tuesday. GBP/USD is down 0.21%, trading at 1.2535 in the European session at the time of writing.The UK construction PMI jumped to 53.0 in April, up from 50.2 in...

The XAU/USD pair is maintaining mixed dynamics, oscillating near the 2320.00 level. The market is searching for new drivers while the pair undergoes a slight technical correction after reaching local...

GBP/CAD: In the 4-hour chart, the Tenkan-sen line is above the Kijun-sen, with the red line pointing upwards and the blue line remaining horizontal. The Chikou Span indicator is below the price chart,...