Forex Opinion & Analysis

AUD/USD: Rising Wedge Breakout

AUD/USD: Rising Wedge Breakout

AUD/USD is currently trading at 0.7166, out of a bearish rising wedge. We are looking for a continuation toward the…
EUR/JPY Battles To Fuel Bullish Bias

EUR/JPY Battles To Fuel Bullish Bias

EURJPY’s recent positive legs from the 135.00 handle are now struggling to overcome the early May highs, which are being…
Canadian Dollar Eyes GBP, BoC Meeting

Canadian Dollar Eyes GBP, BoC Meeting

After a 3-day rally, the Canadian dollar has reversed directions on Tuesday and edged lower. Canada releases GDP for March…
New Zealand Dollar Falls As Business Confidence Swoons

New Zealand Dollar Falls As Business Confidence Swoons

The New Zealand dollar rally fizzled out on Tuesday. In the European session, NZD/USD was trading at 0.6517, down 0.63%…
EUR/GBP: Pair To Continue Trading Sideways

EUR/GBP: Pair To Continue Trading Sideways

Looking at the EUR/GBP chart, we can see the spike from the 0.849 level to the high of 0.859 on May…
Chinese Yuan Rebounds On Shanghai Reopening Hopes

Chinese Yuan Rebounds On Shanghai Reopening Hopes

The Chinese yuan rose to one-week highs on Monday, fueled by expectations that Shanghai, the country’s financial hub, will soon…
EUR/USD Approaches Key Short-Term Resistance

EUR/USD Approaches Key Short-Term Resistance

The EUR/USD pair started the week on the right foot, recording its third consecutive daily gain, underpinned by the dollar’s…
Australian Dollar Extends Rally

Australian Dollar Extends Rally

The Australian dollar continued to gain ground. AUD/USD has risen 0.31% on the day and was slightly below the 0.72…
EUR/USD: Recovery Losing Momentum

EUR/USD: Recovery Losing Momentum

Running into resistance The dollar has given back a decent portion of its recent gains over the last couple of…
Euro Gains Ground In Thin Holiday Trade

Euro Gains Ground In Thin Holiday Trade

The euro is coming off an excellent week, with gains of 2.15%. EUR/USD is trading in positive territory on Monday…
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