Market Info

Forex Major Currencies Outlook (Jan 7, 2016)

USD

The US dollar had a mixed performance as it advanced to the commodity currencies and pound but gave up ground to the yen and the euro.

EURUSD Retracement Setup (Jan 7, 2016)

EURUSD has been trending lower on the short-term time frames, with a potential retracement opportunity presenting itself on the 4-hour chart.

Forex Major Currencies Outlook (Jan 6, 2016)

USD

The US dollar continued to rake in gains during Tuesday's trading sessions since risk aversion stayed in play.

GBPAUD Descending Channel (Jan 6, 2016)

GBPAUD has been trending lower on its 4-hour time frame, moving inside a descending channel connecting the latest highs and lows of price action.

Forex Major Currencies Outlook (Jan 5, 2016)

USD

The US dollar was able to draw support from the run in risk aversion although it paled in comparison to the Japanese yen.

NZDUSD Long-Term Downtrend (Jan 5, 2016)

NZDUSD has been trending lower on its weekly time frame, moving below a descending trend line connecting the latest highs of price action.

Forex Major Currencies Outlook (Jan 4, 2016)

USD

The US dollar is on relatively strong footing this week, especially since the Fed recently started its rate hike cycle and data from the US came in mostly stronger than expected. 

EURGBP Long-Term Range (Jan 4, 2016)

EURGBP is still inside its long-term range visible on the daily time frame and currently testing the resistance around the .7400-.7450 levels. 

Forex Major Currencies Outlook (Dec 17, 2015)

USD

The Fed increased rates by 0.25% as expected, upgrading growth and employment forecasts for 2016 as well.

Forex Major Currencies Outlook (Dec 16, 2015)

USD

The US dollar was able to bounce back against its peers when data came in mostly in line with expectations.