Market Info

Forex Major Currencies Outlook (May 13, 2015)

USD

The US dollar returned some of its recent wins as risk appetite somewhat improved in the markets and traders also booked profits ahead of the US retail sales release today

EURUSD Potential Reversal (May 13, 2015)

EURUSD could be in for a potential reversal from its recent uptrend, as price is creating a head and shoulders pattern on its 1-hour time frame. 

Forex Major Currencies Outlook (May 12, 2015)

USD

The US dollar had a mixed performance as it managed to advance against most of its forex counterparts but gave up ground to the pound. 

Long-Term Reversal on GBPUSD (May 12, 2015)

GBPUSD may be done with its long-term selloff, as the pair formed a reversal pattern on its daily time frame. 

Forex Major Currencies Outlook (May 11, 2015)

USD

The US non-farm payrolls report came in line with market expectations of a 223K gain, allowing the jobless rate to drop from 5.5% to 5.4% in April. 

AUDUSD Symmetrical Triangle (May 11, 2015)

AUDUSD has been creating lower highs and making higher lows, forming a symmetrical triangle forex chart pattern on its 1-hour time frame. 

Forex Major Currencies Outlook (May 8, 2015)

USD

The US dollar had a mixed performance against its forex counterparts, as traders closed their open positions ahead of the NFP release. 

EURUSD Ascending Trend Forming (May 8, 2015)

EURUSD could be ready to make another bounce, as the pair is creating an ascending trend line on its 1-hour forex chart. 

Forex Major Currencies Outlook (May 7, 2015)

USD

The US dollar was once again in a weak spot since data from the economy fell short of expectations and hinted of further weakness down the line.

USDJPY Range Setup (May 7, 2015)

Resistance at the top of the USDJPY range on the 4-hour time frame kept gains in check, pushing the pair back to the middle of the range.