Market Info

Forex Major Currencies Outlook (Jan 28, 2015)

USD

The US dollar gave up ground to its major counterparts in recent trading, as traders booked profits off their trades ahead of the FOMC statement today. 

AUDUSD Pullback Setup (Jan 28, 2015)

AUDUSD has previously made a strong break below support at the .8100 major psychological level and dipped below .7900 at the start of this trading week. 

Forex Major Currencies Outlook (Jan 27, 2015)

USD

The US dollar regained a bit of ground against the yen but gave up some of its wins to the euro and the pound. 

USDJPY Range Setup (Jan 27, 2015)

USDJPY didn’t complete its recent double top pattern and instead bounced off support around the 117.25 level.

Forex Major Currencies Outlook (Jan 26, 2015)

USD

After the strong forex moves last week, profit-taking was seen on Friday as the US dollar gave back some of its recent gains. 

USDJPY Double Top Pattern (Jan 26, 2015)

USDJPY’s short-term climb might soon be reversed, as price formed a double top pattern on its 1-hour time frame.

Forex Major Currencies Outlook (Jan 23, 2015)

USD

The US dollar resumed its rally to most of its forex counterparts, as the EURUSD tumble carried on to other pairs. 

USDJPY Descending Triangle (Jan 23, 2015)

USDJPY is moving inside a descending triangle pattern on its 4-hour time frame, as price made lower highs and found support at the 116.00 major psychological level. 

Forex Major Currencies Outlook (Jan 22, 2015)

USD

The US dollar had a mixed performance, as it gave up ground to the euro, franc and yen but rallied against the commodity currencies.

AUDUSD Range Setup (Jan 22, 2015)

AUDUSD has been moving sideways on its short-term time frames, as price found support around the .8100 major psychological mark and resistance at the .8250 minor psychological level.