Market Info

Forex Major Currencies Outlook (Apr 4, 2016)

USD

The US dollar got a boost from stronger than expected NFP data last Friday, as the economy added 215K jobs versus the expected 206K increase.

AUDUSD Ascending Channel (Apr 4, 2016)

AUDUSD has been trending higher on its short-term time frames, moving inside an ascending channel visible on the 1-hour and 4-hour charts.

Forex Major Currencies Outlook (Apr 1, 2016)

USD

The US dollar had a volatile run as it initially sold off but was able to recoup its losses later on. 

EURGBP Ascending Triangle (Apr 1, 2016)

EURGBP has formed higher lows and found resistance at the .7900 area, creating an ascending triangle pattern on its 4-hour time frame. 

Forex Major Currencies Outlook (Mar 31, 2016)

USD

The US dollar got back on its feet recently, buoyed by stronger than expected ADP jobs data for March. 

EURJPY Downtrend Retracement (Mar 31, 2016)

EURJPY has been on a long-term downtrend, moving below a descending trend line on its daily time frame. 

Forex Major Currencies Outlook (Mar 30, 2016)

USD

The US dollar returned some of its recent gains when Fed Chairperson Yellen sounded extra cautious in her latest speech.

USDJPY Descending Triangle (Mar 30, 2016)

USDJPY has formed lower highs and found support at 111.25, creating a descending triangle pattern on its 4-hour time frame. 

Forex Major Currencies Outlook (Mar 18, 2016)

USD

The US dollar lost ground as risk appetite was in play during the earlier trading sessions, but it consolidated against most of its counterparts when price action calmed down during the US session. 

GBPJPY Head and Shoulders Formation (Mar 18, 2016)

A downtrend might be in the cards for GBPJPY, as the pair formed a head and shoulders pattern on its 1-hour time frame.