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Forex Opinion & Analysis

Al Brooks
EUR/USD 3 Week Wedge Rally. Now What? By Al Brooks - 15 hours ago 1

The EUR/USD forex market on the daily chart has rallied for 3 weeks. The rally has 3 legs and it, therefore, is a wedge. A wedge rally to a double top typically begins to pull back. Last week broke...

Scott Barkley
EUR/JPY Reversal By Scott Barkley - 16 hours ago

EUR/JPY Bearish: Currently we are at 119.67 out of a rising wedge at the top of the 5th wave. We are looking for a move down to the ATR  Target at 118.84 and then down to the trend wall. Watch for a...

JFD Team
Will EUR/AUD Go For A Lower Low? By JFD Team - 17 hours ago

EUR/AUD traded lower on Monday, to find support near the 1.6455 level, which also stopped the rate from moving lower on May 26th and 27th. Overall, the pair has been trading in a trendless manner,...

Boris Schlossberg
Can The Risk Rally Continue? By Boris Schlossberg - 19 hours ago 2

Market Drivers For June 1, 2020 China halts some soybean purchasesRisk turns negativeNikkei 0.84% Dax -1.65%%UST 10Y0.64Oil $35/bblGold $1741/ozBTCUSD $9546 Asia and the EU EUR Manufacturing PMI 39.4...

Marc Chandler
Dollar Breakouts Need Confirmation By Marc Chandler - Jun 01, 2020

The dollar had a difficult week, falling against all the major currencies but the Japanese yen and appeared to break out of its recent trading ranges against the euro, Canadian and Australian dollars....

Kathy Lien
No Bombshells From Trump, FX Rally In Relief By Kathy Lien - May 29, 2020 18

All week U.S. President Donald Trump teased the market with the possibility of big changes in the relationship between the U.S. and Hong Kong/China, but to everyone’s relief, his press conference...

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