Forex Opinion & Analysis

Bearish:  Currently we are at 154.66` at a top and out of a rising wedge.  We are looking to continue to the ATR target @ 154.00 with a further target the 0.618 Fibo @ 153.57.   ...

The British pound has rebounded after sliding 2.1% over the past week. In the European session, GBP/USD is trading at 1.2461, up 0.28%.UK Inflation Drops to 3.2%Inflation in the UK continues to...

Recent macro data fueled a strengthening of the US dollar against the British pound. Fed Chairman Jerome Powell's remarks yesterday added more fuel to the fire. Amidst disappointing UK labor...

Last week's "Chart of the Day" highlighted the JPY futures (6J) as they were breaking down through wedge support. This has taken place, and now intervention talk is louder than ever. As this has...

Bearish:  Currently we are at 91.07` in a channel.  IF we can break slope support here, we are looking to continue to the ATR target @ 90.46 with a further target the Day chart bottom @...

GBP/USD could be impacted significantly by UK CPI data this week Iran-Israel tensions at forefront GBP/USD outlook bearish as US dollar likely to remain supported on dips The GBP/USD pair bounced off...

The New Zealand dollar has plummeted to a five-month low, with the NZD/USD pair touching the 0.5890 mark. This decline was triggered by the release of robust American retail sales data, which raised...

GBPUSD inches down to a new five-month lowAn extension below 1.2400 could generate fresh selling interestGBPUSD tried to breach the psychological barrier at 1.2500 and re-establish itself...

Welcome to today's video where we'll review yesterday's trades, share today's trade ideas, and dive into the latest market news. Join us as we analyze the markets through a technical lens and...

US retail sales rose 0.7% in March after a 0.9% jump (revised from 0.6%) in February. An increase of 0.4% was expected. Such strong data reverses the pattern of last month when February's growth did...

Bullish:  Currently we are at 1.6430 in a new channel.  IF we can break the triangle resistance here, we are looking to continue to the ATR target @ 1.6502 with a further target the R4 @...

With tensions escalating between Iran and Israel, traders closely monitored Iran's response over the weekend, affecting assets like gold and the US dollar. Last week, the DXY surged to 105 after the...

The New Zealand dollar has stabilized on Monday after as sharp decline of 1% on Friday. In the European session, NZD/USD is trading at 0.5945, up 0.14%. The New Zealand dollar dropped as low as 0.5927...

·        Will UK CPI data drive cable even lower? ·        USDJPY still skyrockets ahead of Japanese CPI...